TATA CLEANTECH CAPITAL - BOARD OF DIRECTORS

Rajiv Sabharwal

Non-Executive Director

Rajiv, a B. Tech from IIT Delhi and PGDM from IIM Lucknow, has over 26 years of experience in the banking and financial services industry. Rajiv is currently the Managing Director & CEO of Tata Capital Limited. He is also the Chairman of Tata Capital Financial Services Limited, Tata Capital Housing Finance Limited and Tata Securities Limited and is also on the Board of Tata Cleantech Capital Limited, Tata Capital Pte Ltd. and Tata Realty and Infrastructure Limited.

He has served as an Executive Director on the Board of ICICI Bank where he was responsible for several businesses including retail banking, business banking, rural banking, financial inclusion, technology and digital banking. He has also served as the Chairman of ICICI Home Finance Company Limited and was on the Board of ICICI Prudential Life Insurance Company Limited. He was also on the Investment Advisory Committee (Real Estate) of ICICI Prudential AMC.

Rajiv has been widely acknowledged and credited for his contribution to the growth of the Retail Banking and Real Estate & Housing Finance market in India.

He also has experience in both Venture Capital and Growth Capital investing, through stints at both Sequoia Capital and True North. He has also been on the Board of a number of early stage and growing companies in the Financial services space.

He has also served on a number of RBI and IBA committees.

Rajiv has also had successful stints with the Godrej Group, SRF Finance, GE Capital and Times Bank.

Ajay Mathur

Non-Executive Director

Dr. Ajay Mathur is the Director General of The Energy & Resources Institute (TERI), and a Member of the Prime Minister's Council on Climate Change. Dr. Mathur has been a key Indian climate-change negotiator and is a global leader on technological approaches to address climate change.

In a career spanning over 39 years, he has acquired a rich experience across all stages of the technology cycle, and across various cross-cutting aspects of technology commercialization. He has completed his Bachelor of Engineering (Chemical Engineering) from University of Roorkee and completed M.S. and Ph.D from University of Illinois, Chicago.

Pradeep C. Bandivadekar

Non-Executive Director

Mr. Bandivadekar is the Chief Risk Officer at Tata Capital. Prior to this role, he was responsible for the setting up of the Commercial Finance and the Infrastructure lending businesses, directing them to meet their financial, operational and revenue goals. He was responsible for the overall business, growth plans and implementation, resources, processes, controls, strategy building, compliances and driving best practices and cost-efficient end-to-end solutions.

Pradeep joined the Tata Group in 2000 as the Treasurer for Tata Motors Limited and was focused on resource management, currency management and asset management. Five years later, he was made the CEO, Tata Motor Finance and was responsible for all management and operations of Tata Motors Finance (CV, PC and CEQ business).

He started his career in 1983 as a Senior Development Officer at Sicom Limited. Soon after, he had a 13 year long association with Siemens where he took up many responsibilities, chiefly Head- Strategic planning and Chief Manager-Corporate Treasury. During this tenor he handled all growth plans, new projects and collaborations for Siemens Limited.

He is an Electrical Engineer and MBA from Mumbai University. Over the years, he has also completed executive education and training workshops such as Strategic Planning MDI at Switzerland, Value through Financial Management at Wharton School of Business Management and Tata Group Strategic Management Workshop, TMTC. He has conducted several training programmes and participated in training seminars at ICAI, Euromoney, etc.

Padmini Khare Kaicker

Independent Director

Ms. Padmini, is Managing Partner of B.K. Khare & Co. Chartered Accountants, having over 20 years experience in auditing large Indian organizations and multinational companies operating in India across a cross section of industries including oil & gas, Banking and Financial Services, Insurance, automotives, information technology, and capital goods.

Ms. Padmini is a fellow member of the Institute of Chartered Accountants of India (ICAI) as also a Certified Public Accountant (USA). She also served on several Committees of the ICAI and has been on the Boards of Indus Ind Bank Ltd and Gabriel India Ltd. Ms. Padmini joined B.K Khare & Co. in the year 1990 and has held a number of key client facing and management roles. Under her leadership the firm has grown to be a full service firm and strengthened its pre-eminent position.

In addition to growing the firms practice, she has been responsible for building the consulting and corporate finance verticals as also firms foray into financial sector. Ms. Padmini has been extensively involved in Financial Services clients such as banks, NBFCs and insurance companies.

Manish Chourasia

Managing Director

Mr Manish Chourasia is a financial services professional with 24 years of experience in origination, credit risk assessment and syndication in the Asia- Pacific Region. As part of the above mentioned functional categories, he has handled various products covering project finance, trade finance, and investment banking.

Since July, 2015, he has been working in Tata Group as managing director of Tata Cleantech Capital, which is the first private sector Green Investment Bank in emerging markets, jointly promoted by Tata Capital Ltd and International Finance Corporation (IFC). During his tenure till date, the company, starting from scratch, has funded over 175 projects in Clean-tech sector saving 8.5 tons of CO2 annually, executed a number of marquee advisory assignments, and tied up with a few global climate finance investors to channelize low cost funds to the Clean-tech sector in India. In November, 2018, the company was chosen as the 'Best RE Financier of the Year-NBFC' at the 2nd Edition of the Green Finance Awards. In May 2019 the company was awarded 'Best RE Financier of the Year' in EQ Magazine's 'PV Invest Tech Solar Awards'

Manish is a Mechanical Engineer from IIT, Rookee and an MBA from Faculty of Management Studies, Delhi University. In 2012 he completed his CFA and since then has been active volunteer with CFA Institute, USA. In Feb 2019 he was presented '100 Top most Influential BFSI Leaders' award by World BFSI Congress. He is an avid runner with a number of long distance runs to his credit, including the Tata Mumbai half marathon.

Varsha Purandare

Independent Director

Ms. Varsha Purandare, holds a Bachelor’s degree in Science (Chemistry) and has a Diploma in Business Management, having varied experience of 36 years in the areas of Credit, Forex, Risk, Treasury, Capital Markets, Investment Banking and Private Equity. Ms. Purandare was the Managing Director and Chief Executive Officer of SBI Capital Markets Limited (“SBI Caps”) from November 2015 upto December 2018, where she was overall in-charge of SBI Caps and its five subsidiaries, covering investment banking and encompassing Equity Capital Markets, Debt Markets, Private Equity, Institutional & Retail Broking, Trustee & Foreign Subsidiaries. Prior to this, Ms. Purandare was the Deputy Managing Director and Chief Credit and Risk Officer of State Bank of India (“SBI”), where she headed the highest Credit Committee and was in-charge of the overall credit function. Besides the above, Ms. Purandare has held several positions in SBI, in India and abroad.