United Spirits Appoints Indu Bhushan and Mukesh Butani as Independent Directors
The Board of Directors of United Spirits Limited has approved the appointments of Indu Bhushan and Mukesh Hari Butani as additional Directors (Non-Executive Independent Directors) with effect from March 1, 2024.
Indu Bhushan has more than 40 years of experience. He quit the Indian Administrative Service (IAS) in 1995 after serving in the UP and Rajasthan States. He worked as a Senior Economist with the World Bank Group, later joining the Asian Development Bank (ADB). Prime Minister Modi appointed him as the CEO of the Ayushman Bharat—Pradhan Mantri Jan Arogya Yojana. Currently, he serves as a Senior Associate at Johns Hopkins University and holds the position of Ambassador for the Johns Hopkins Gupta Klinsky India Institute. He is also a senior advisor with BCG.
Bhushan received several awards, including the Population Award, the Global Achievement Award, the E-Governance Gold Medal from the Government of India, the Gold Medal, and the Distinguished Alumnus Award.
He holds a Ph.D. in Health Economics and a Master of Health Sciences from Johns Hopkins University in the USA. He is an alumnus of the Indian Institute of Technology Banaras Hindu University (IIT BHU) and IIT Delhi. He is also a Chartered Financial Analyst (CFA).
Mukesh Hari Butani, a Chartered Accountant, is the founder and Managing Partner of BMR Legal Advocates. Butani has significant experience in advising Fortune 500 multinationals and large Indian business houses. He regularly appears before various Tribunals, High Courts and the Supreme Court of India. He co-founded and was the chairman of BMR Advisors, which was among India’s leading professional services firms with competencies in the areas of Tax M&A and Risk Advisory services, until it transitioned into a Big 4 firm in 2017. The firm was featured in the 2016 Harvard Business Review case study, ‘BMR Advisors: Competing on Quality’. Prior to founding BMR Legal Advocates in 2010, he led the International Tax and Transfer Pricing practice for two of the Big 4 firms and was part of their leadership teams. He spent most of his professional life with Arthur Andersen, wherein he became a National Partner and a Partner in Andersen Worldwide. He acts as an expert witness and issues opinions, depositions, witness statements, examinations, and cross-examinations before appellate and arbitral tribunals in Singapore, Mauritius, the U.K., and the U.S. State Courts on matters entailing Indian law on withholding tax for offshore transactions, OECD standards, transfer pricing, and the arm’s length principle concerning arbitral disputes and investment treaty-related disputes.
