LTIDPL IndvIT Services Limited has been appointed as the Investment Manager for IndInfravit Trust.
Investment Management Agreement (INA) has been entered in this regard.
Role & Responsibilities :
The investment manager shall be responsible for all activities pertaining to issue of units and listing of units of the IndInfravit Trust.
The investment manager shall ensure that it has adequate infrastructure and sufficient key personnel with adequate experience and qualification to undertake management of the IndInfravit Trust at all times.
The investment manager shall designate an employee or director as the compliance officer for monitoring of compliance with these regulations and guidelines or circulars issued hereunder.
The investment manager shall make the investment decisions with respect to the underlying assets or projects of the IndInfravit Trust including any further investment or divestment of the assets.
The investment manager shall ensure that the investments made by the IndInfravit Trust are in accordance with the investment conditions specified under SEBI regulations and in accordance with the investment strategy of the IndInfravit Trust.
The investment manager shall declare distributions to the unit holders in accordance with the SEBI regulations.
The investment manager shall oversee activities of the project manager with respect to SEBI regulations and the project management agreement.
The investment manager shall ensure that the disclosures or reporting to the unit holders, Board, trustees and designated stock exchanges, are in accordance with these regulations and guidelines or circulars issued hereunder.
The investment manager shall ensure adequate and timely redressal of all unit holders’ grievances pertaining to activities of the IndInfravit Trust.
The investment manager shall coordinate with trustee, as may be necessary, with respect to operations of the IndInfravit Trust.
The investment manager shall ensure that all activities of the intermediaries or agents or service providers appointed by the investment manager are in accordance with these regulations and guidelines or circulars issued hereunder.
Board of Directors :
Brief Profile of the directors
Mr. Pushkar Kulkarni
Mr. Pushkar Kulkarni is a Senior Principal in CPPIB’s Infrastructure Team in India. He has more than 20 years of experience in the Indian Infrastructure sector. Prior to CPPIB he was the Managing Director of Serco India and CEO of Efkon India (a Strabag group company). He has completed his MBA from Jamnalal Bajaj Institute of Management Studies and holds a degree in BE (Electronics Engineering).
Mr. Igor Lukin
Mr. Igor Lukin is a Director at Allianz Capital Partners (ACP) in the direct investment/ infrastructure team in Munich, Germany. He joined ACP in 2012 and has worked on multiple transactions in the infrastructure in energy, telecommunication and transport sectors. Prior to joining ACP, he worked at Oil & Gas financing and advisory team at UniCredit in Munich. He is a board member of Autobahn Tank & Rast Gruppe GmbH & Co. KG in Germany and Net4Gas s.r.o. in Czech Republic. He holds a Master’s degree in Business Administration and Computer Science from Technical University of Darmstadt and is a CFA Charterholder.
Mr. Prateek Maheshwari
Mr. Prateek Maheshwari joined OMERS Infrastructure in 2019 as a Managing Director based in London and leads investment efforts in transport and renewable energy infrastructure. He also serves on the Boards of Associated British Ports and London City Airport. Prior to joining OMERS, He was a Senior Principal with Global Infrastructure Partners (GIP) for 12 years, where he has worked in the power, energy and transport sectors across the US, Europe, Asia and Australia. Before GIP, he worked as an investment banker with Dresdner Kleinwort, Barclays Capital and ICICI Bank in M&A, leverage and project finance, debt capital markets and derivative structuring. He has a Bachelor of Engineering with a specialization in Electrical and Industrial Electronics from Pune University. He also has a master’s in finance from London Business School and an MBA from HEC Paris.
Mr. P. S. Kapoor
Mr. Pramod Sushila Kapoor is the Chief Financial Officer of L&T Infrastructure Development Projects Limited (L&T IDPL) from April 1, 2019.He is a Chartered Accountant and a Company Secretary and has more than 3 and ½ decades experience in various Senior positions in Finance & Accounts, Secretarial, Investor Relations and Corporate taxation.
Dr. Nasim Zaidi
Dr. Nasim Zaidi, Independent Director, holds a Master’s degree in Public Administration (MPA) from Kennedy School of Government, Harvard University and has been a Mason Fellow for Public Policy at Harvard Institute for International Development. He also holds a Post Graduate Diploma in Business Finance from Indian Institute of Finance and a Doctorate in Bio-Chemistry.
He, a long-time civil servant, has been a member of the Indian Administrative Service from 1976 batch for 36 years. He has served in increasingly responsible implementation and policy making positions in UP state, national and international levels. At state level, he has rich experience of working in General district management, Revenue and Criminal Justice Administration, Surface Transport, Rural Development, Agriculture and Poverty Alleviation programs.
At federal level, he has spent long years in civil aviation sector at policy making, development, regulatory levels and at international level as a Permanent Representative of India in Indian Civil Aviation Organization (ICAO), a specialized agency of UN in Montreal. He is credited with building aviation infrastructure of airport in PPP mode with massive private investment and improving aviation connectivity in the country.
He has served as the Director General of Civil Aviation (2008 –2010). and as Secretary to the Government of India in the Ministry of Civil Aviation handling development of airport infrastructure, air navigation services, air space management and aviation security at federal policy making level. He served on the boards of Directors of Helicopter Corporation of India, Hyderabad and Bengaluru airport International Limited, Airport Authority of India and also as Chairman of Airport Authority of India.
Dr. Nasim Zaidi served on constitutional positions for five years after retirement from the IAS as the Election Commissioner of India from 2012 to 2015 and as 20th Chief Election Commissioner of India and Chairman of the Election Commission from 2015 till 2017.
Mr. Mohan Raj Nair
Mr. Mohan Raj Nair, Independent Director, a postgraduate in Economics from Loyola College, Chennai and is a Life Insurance Professional. He joined LIC as a Direct Recruit Officer and retired as one of its Executive Directors in November 2013. In his 36 years of service in LIC, he had exposure to Administration, Marketing, Audit and Inspection, Investment, Mutual Fund and Training. He was also LIC’s Nominee Director on the Boards and Audit Committees of some of the big corporates in India operating in a variety of spheres like Automobile, Electrographite, Construction, manmade fibres etc. Currently he is also an Independent Director in two other companies.
Dr. Ashwin Mahalingam
Dr. Ashwin Mahalingam joined the faculty in the Building Technology and Construction Management division of the Civil engineering department at IIT-Madras in 2006. He received his B. Tech in Civil engineering from IIT-Madras and then proceeded to Stanford University for a Masters in Construction Engineering and Management. He then helped start up an internet-based company in the USA called All Star Fleet, aimed at providing asset management services for construction companies. Following this he returned to Stanford University to pursue a PhD in the area of Infrastructure Project Management. Dr. Ashwin Mahalingam’s research interests are in the areas of Public Private Partnerships (PPP) in Infrastructure planning and management, the management and governance of large engineering projects and the use of technology in infrastructure development. He is also a co-founder of Okapi Advisory Services Pvt. Ltd and serves as a Director on the Board. He is the Editor of the Engineering Project Organization Journal (EPOJ) and has served on many national committees.
Ms. Monisha Macedo
Ms. Monisha Macedo, Independent Director, is a Company Secretary from the Institute of Company Secretaries of India (FCS) and an Insolvency Professional registered with the Insolvency & Bankruptcy Board of India. She also holds a BA (Hons) in Economics, from St. Stephens College, Delhi University. She has over two decades of experience in the infrastructure sector. She has been a whole-time director running operations at Noida Toll Bridge Company, which pioneered India’s first privately funded, public-private partnership toll road project in India. She is currently an Independent Consultant in the field of infrastructure, corporate governance and insolvency. She has experience in toll road operations as well as corporate laws/statutory regulations applicable to listed companies, corporate governance and compliance.
Ms. Samyuktha Surendran
Ms. Samyuktha Surendran, Independent Director of the Company holds a bachelor’s degree in computer science from the Guindy Engineering College, Anna University and a postgraduate diploma in management from the Indian Institute of Management, Ahmedabad. She has experience in the fields of corporate strategy, technology, risk analysis, sales and marketing.
Ms. Neera Saggi
Ms. Neera Saggi has a varied experience of over 40 years in leadership positions both in government and private sector with an extensive experience in infrastructure space, with multiple stakeholders including public and multinational agencies, corporates, non-profit and industry associations.
She joined the Indian Administrative Service in 1980; besides area development and export promotion, she was with Jawaharlal Nehru Port Trust (JNPT) and was Development Commissioner for SEZ and EOUs spread throughout the state of Maharashtra, Goa and Diu & Daman. She was also Chairman-Cum-Managing Director of Hindustan Diamond Company Pvt. Ltd, a joint venture with De Beers and GOI.
She was Chief Executive Officer, Larsen & Toubro, Seawoods Pvt. Was elected the first Lady President Bombay Chamber of Commerce and Industry (BCCI) in 177 years in 2013-14. She is on Board of various listed and unlisted Companies from September 2014 and presently on the Board of GE Power India Ltd, GE T&D India Ltd. Swaraj Engines Ltd, Tata Steel Bhushan Steel Ltd, Honeywell Automation India Ltd, Tata Projects Ltd and Mahindra Integrated Business Solutions Pvt Ltd. Till recently she was also the Chairperson of non-profit, CARE India.
Key Personnel :
Mr. Pawan Kant – CEO
- Rich leadership experience of building and developing teams and business in Infrastructure Sector.
- Solid experience of working in core infrastructure and construction sector,
- Has built a strong expertise in P&L management, M&A, Operations and Strategy.
- Engineer and MBA by qualification.
- Previously worked with Kalpataru Power Transmission Limited, Tata Realty and Infrastructure Limited, Hindustan Construction Company Limited and others.
Mr. Gaurav Khanna – CFO
- Over 20 year’s of experience in Corporate Finance, Investment, Taxation, Audit, Strategic Planning and commercial functions.
- Has significant experience in Greenfield and Brownfield Asset acquisitions, Portfolio, and asset management and has a deep understanding of Real Estate and Infrastructure Sector
- Previously worked with Tata Group, Aditya Birla and Adani Group and Punj Lloyd.
- Chartered Accountant from Institute of Chartered Accountants of India and a Graduate in Commerce from University of Delhi.
Mr. Gaurav Chaturvedi – CIO
- Over 13 years of experience in various Infrastructure sectors.
- Experience in M&A, financial structuring, acquisition of bid-out greenfield projects in the Infrastructure PPP space.
- Chartered Accountant from Institute of Chartered Accountants of India.