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BOARD OF DIRECTORS

Mr. Chandru L. Raheja

Chairman and Non-Executive Director

Mr. Chandru L. Raheja, 69, is the Chairman and Non-Executive Director of our Company. He is a law graduate from Mumbai. Mr. Raheja has extensive experience with the real estate, hospitality and retail industries across India.

Mr. Chandru L. Raheja, 69, is the Chairman and Non-Executive Director of our Company. He is a law graduate from Mumbai. Mr. Raheja has extensive experience with the real estate, hospitality and retail industries across India. He has been involved in real estate development for more than four decades. Under his leadership, K. Raheja Corp Group has built residential and commercial buildings, hotels and malls throughout India. His vision and foresight enabled K, Raheja Corp to develop Mindspace, an integrated township, with commercial, retail and residential developments at Malad, Mumbai. Similar developments are now being carried out in Hyderabad, Pune, Bangalore and other cities across India.

Mr. Ravi C. Raheja

Non-Executive Director

Mr. Ravi C. Raheja, 38, is the Non-Executive Director of our Company. He is a management graduate from London Business School. Designated as the Group President at the K. Raheja Corp, Mr. Raheja has over 18 years industry experience with special focus on the group’s Real Estate & Retail arm.

Mr. Ravi C. Raheja, 38, is the Non-Executive Director of our Company. He is a management graduate from London Business School. Designated as the Group President at the K. Raheja Corp, Mr. Raheja has over 18 years industry experience with special focus on the group’s Real Estate & Retail arm. He overlooks the retail, real estate and hospitality business of the group guiding the team on Finance, Corporate Strategy and Planning, and is actively involved in charting future growth strategies. He is currently involved in planning large townships, SEZ, IT Parks and luxury hotels in the country. He is also handling the strategic entry of the group into infrastructure and other new initiatives. Mr. Raheja is also the Chairman of Green Building Council (Mumbai Chapter) and member of the World Economic Forum.

Mr. Neel C. Raheja

Non-Executive Director

Mr. Neel Raheja, 36, is the Non-Executive Director of our Company. He is an alumnus of Harvard Business School, Masters in Commerce and Law Graduate from Mumbai University and has over 15 years of experience in real estate development, hospitality and retail.

Mr. Neel Raheja, 36, is the Non-Executive Director of our Company. He is an alumnus of Harvard Business School, Masters in Commerce and Law Graduate from Mumbai University and has over 15 years of experience in real estate development, hospitality and retail. Mr. Raheja plays a leadership role in the K. Raheja Corp real estate development business. He has visualized and developed the “Inorbit” shopping mall at Malad. He also takes active interest in the customer satisfaction and human development part of Shopper's Stop business.

Mr. B. S. Nagesh

Customer Care Associate, Vice Chairman and Non-Executive Director

Mr. B. S. Nagesh, 51, is the Vice Chairman and Non-Executive Director of our Company. He holds a degree of Masters in Management Studies from the Benares Hindu University. He has been with our Company since its inception in 1991.

Mr. B. S. Nagesh, 51, is the Vice Chairman and Non-Executive Director of our Company. He holds a degree of Masters in Management Studies from the Benares Hindu University. He has been with our Company since its inception in 1991. As Vice Chairman, Mr. B. S. Nagesh continues to play the role of strategic advisor to the management of our Company. Mr. B. S. Nagesh has contributed significantly in ushering international brands and modern retailing in the country. His leadership and vision for our Company has enabled us to introduce various international brands like M.A.C and Mothercare in our retail business and to set up joint venture with The Nuance Group AG of Switzerland for airport retailing and with Leisure and Alliance Industries of Australia for family entertainment centers. Mr. Nagesh was also instrumental in our Company’s acquisition of 49% stake in Crossword Bookstore Limited in the year 2005.

Mr. Nagesh has been recognised as an iconic retailer and was inducted into the World Retail Hall of Fame 2008 at the World Retail Congress 2008 conducted in Barcelona. With his induction in the World Retail Hall of Fame 2008, Mr. Nagesh is the only Indian retailer to take a significant place alongside more than 100 stalwarts of the global retail industry. Recognised as the pioneer of the retail boom in India, Mr. Nagesh was voted by Business India as one of the top 50 managers in India who will influence the Indian business scenario in the 21st century. He has also been recognised as ‘The Retail Professional of The Year’ by CMAI for the years 2001, 2003, 2005 and 2006 and at the India Retail Summit in November 2005. CMAI Apex Awards in July 2008 felicitated Mr. Nagesh for being the First Indian Retailer to be inducted into the World Retail Hall of Fame. He was also felicitated with ‘The Best Professional of the Year’ award at ICICI Bank, Retail Awards in 2005. In November 2006, Mr. Nagesh was awarded the ‘Entrepreneurship Award’ in the Enterprise Scions Awards instituted by DNA Money and the ‘Visionary Award’ by ICFAI. Ernst & Young nominated him for the Entrepreneur of the Year Award 2005 as one of the top 30 finalists.

Mr. Gulu L. Mirchandani

Independent and Non-Executive Director

Mr. Gulu L. Mirchandani, 67, is the Independent and Non-Executive Director of our Company. He is an alumnus of BITS, Pilani and holds a degree in BE (Mechanical). Mr. Mirchandani presently serves as the chairman and managing director of Mirc Electronics Limited.

Mr. Gulu L. Mirchandani, 67, is the Independent and Non-Executive Director of our Company. He is an alumnus of BITS, Pilani and holds a degree in BE (Mechanical). Mr. Mirchandani presently serves as the chairman and managing director of Mirc Electronics Limited. He is closely involved with the development of corporate strategy and formulating, incubating and delivering emerging technologies and services in the area of televisions and other products of the Company. Under his able leadership, Mirc Electronics Limited won an award for excellence in Electronics in 1999, from the Ministry of Information Technology, the Government of India. Mr. Mirchandani has held several key positions in the industry such as President of Consumer Electronics and TV Manufacturers Association (CETMA) for two consecutive years in 1992 and 1994. He also served as the Chairman of the Bombay Chapter of the World Presidents' Organisation (WPO), an International Organization of more than 3,000 CEOs with operations in more than 60 Countries. Presently he is the Regional Chairman, South Asia of WPO.

Mr. Shahzaad Dalal

Independent and Non-Executive Director

Mr. Shahzaad Dalal, 51, is the Independent and Non-Executive Director of our Company. He is a Management Graduate from Northeast Louisiana University (USA). He is the Vice Chairman of IL&FS Investment Managers Limited (IIML) one of India’s leading Private Equity Fund Managers.

Mr. Shahzaad Dalal, 51, is the Independent and Non-Executive Director of our Company. He is a Management Graduate from Northeast Louisiana University (USA). He is the Vice Chairman of IL&FS Investment Managers Limited (IIML) one of India’s leading Private Equity Fund Managers. Mr. Dalal brings to our board 30 years of financial markets and investment experience. While at IIML, Mr. Dalal has headed private equity investments with an aggregate capitalization value in excess of $9.5 billion. Prior to IIML, Mr. Dalal served as the Chief Executive Officer of IL&FS's Asset Management Strategic Business Unit. Prior to that, Mr. Dalal was at the Industrial Credit and Investment Corporation of India ("ICICI"). Mr. Dalal is a member of the India CEO Forum, which is affiliated with the IMA (International Market Assessment Group).

Prof. Nitin J. Sanghavi

Independent and Non-Executive Director

Prof. Nitin J. Sanghavi, 61, is the Independent and Non-Executive Director of our Company. He holds Bachelor’s in Science from Saurashtra University, Master’s in Science and PhD in Retail Franchising from The University of Manchester. He is a professor of Retail Marketing and Strategy, Manchester Business School, The University of Manchester.

Prof. Nitin J. Sanghavi, 61, is the Independent and Non-Executive Director of our Company. He holds Bachelor’s in Science from Saurashtra University, Master’s in Science and PhD in Retail Franchising from The University of Manchester. He is a professor of Retail Marketing and Strategy, Manchester Business School, The University of Manchester. He brings to our Board immense wisdom as an educator and experience in retailing of over 31 years. He has directed and taught on many executive programmes for major retail and related organizations as well as FMCG organization and financial institutions in United Kingdom and United States of America. He has also held a number of visiting appointments at universities around the world, including Japan, Australia, France, Switzerland; as well as Visiting Scholar/Professor at Harvard Business School on retail strategy, franchising, internationalisation, and consumer marketing, and is a frequent speaker at several national and international conferences. He also acts as a strategic advisor to the boards of many blue-chip retail organizations in UK, USA, Europe, Middle East and India.

Mr. Deepak Ghaisas

Independent and Non-Executive Director

Mr. Deepak Ghaisas, 52, is the Independent and Non-Executive Director of our Company. He is a qualified Chartered Accountant, Cost Accountant and Company Secretary. He leads strategy development, visioning and conceptualisation of breakthrough business models for Gencoval Group, his new venture in Healthcare and Bio Tech

Mr. Deepak Ghaisas, 52, is the Independent and Non-Executive Director of our Company. He is a qualified Chartered Accountant, Cost Accountant and Company Secretary. He leads strategy development, visioning and conceptualisation of breakthrough business models for Gencoval Group, his new venture in Healthcare and Bio Tech. Prior to Gencoval, he has served as the Vice Chairman of Oracle Financial Services Software Limited (formerly known as i-Flex Solutions Limited, India). It was his strategic, financial and operational acumen that drove the company into a true Indian multinational. Mr. Ghaisas is the first Indian CFO to be felicitated with the prestigious CFO Asia award.

Mr. Nirvik Singh

Independent and Non-Executive Director

Mr. Nirvik Singh, 46, is the Independent and Non-Executive Director of our Company. He is a post graduate from St. Xavier’s College, Kolkata. Mr. Singh brings to our board his keen sense of marketing communications.

Mr. Nirvik Singh, 46, is the Independent and Non-Executive Director of our Company. He is a post graduate from St. Xavier’s College, Kolkata. Mr. Singh brings to our board his keen sense of marketing communications. He is a 21-year veteran of Grey Group and is serving as the Chairman and CEO of Grey Group Asia Pacific, a leading marketing communications network with over 2,000 employees across 30 cities in 17 countries. He was appointed to lead Grey Kolkata at the age of 26, and by 33, became the head of Grey India, transforming it into a high-profile, profitable company across India. Grey India has since been awarded “Agency of the Year” five times, while Mr. Nirvik has been honoured as one of 25 young rising stars in India by Business Today, as well as Agency Head of the Year by Media magazine in Asia. Mr. Singh has also received the “Bharat Nirman Award” for outstanding individual achievements and distinguished services in India.

Mr. Govind Shrikhande

Customer Care Associate & Managing Director

Mr. Govind Shrikhande, 49, is the Managing Director of our Company. He is a graduate of Technology from Veermata Jijabai Technological Institute (VJTI), Mumbai, and is a management graduate from Symbiosis Institute of Business Management, Pune. Mr. Shrikhande has been with our Company for more than ten years and has played a key role in our Company’s growth from 7 stores in 2000 to 49 stores (including HomeStop) in the year 2011. He was also instrumental in re-branding initiative of the Department Store format – Shopper’s Stop in the year 2008, which reinvigorated the brand market positioning, product and service offerings. Mr. Shrikhande’s strong performance as head of Shopper’s Stop, his passion for developing innovative products and services, and his emphasis on creating an enjoyable workplace for employees was recognised in 2009 with the prestigious Clothing Manufacturers of India “Retail Professional of The Year” Award and the “Most Admired Fashion Retail Professional of the Year Award” at the IFA 2010. Before joining Shopper’s Stop, Mr. Shrikhande spent more than 15 years working in leading textile and apparel companies, such as Mafatlal, Arvind, Arrow and Bombay Dyeing. His most exciting projects include being a member of the marketing team that created the Denim Revolution in India in the 90s and helping to make Arrow the No.1 shirt brand in India’s premium category.