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 will be responsible for all activities pertaining to issue of units and listing of units of the IndInfravit Trust and will:
Ensure that it has adequate infrastructure and sufficient key personnel with adequate experience and qualifications to undertake management of the IndInfravit Trust at all times.
Designate an employee or director as the compliance officer for monitoring of compliance with these regulations and guidelines or circulars issued hereunder.
Make investment decisions with respect to the underlying assets or projects of the IndInfravit Trust including any further investment or divestment of the assets.
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.
Declare distributions to the unit holders in accordance with the SEBI regulations.
Oversee activities of the project manager with respect to SEBI regulations and the project management agreement.
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.
Ensure adequate and timely redressal of all unit holders’ grievances pertaining to activities of the IndInfravit Trust.
Co-ordinate with trustee as may be necessary, with respect to operations of the IndInfravit Trust.
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 Managing Director, Infrastructure & Sustainable Energies with CPP Investments 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).
Ms. Anjali Gupta
Ms. Anjali has done her MBA from IIM Ahmedabad in 1993 and has more than 28 years of experience in the financial services sector. She has worked in equity and debt capital markets, project appraisal, restructuring and M&A in various organisations like SBI Capital Markets Ltd., KPMG, Asset Reconstruction Company of India Ltd (ARCIL) and ICICI Bank. While she has worked across diverse sectors she has specialized in infrastructure since last 18 years. She is also Partner and Managing Director of the India Infrastructure Fund set up by 3i Group, a large global private equity and infrastructure fund headquartered in London.
Ms. Delphine Voeltzel
Ms. Delphine Voeltzel joined OMERS Infrastructure in London in 2012 and became part of Asia-Pacific team in 2021. In her role as Managing Director, Ms. Delphine Voeltzel leads investment and asset management efforts across Asia. Previously, Ms. Delphine Voeltzel has been responsible for investing across the European energy, utilities and renewables value chain. Ms. Delphine Voeltzel has been involved in the origination, execution and asset management of numerous investments, including Azure Power, NET4GAS, Caruna, Ellevio, SGN and MapleCo.
Prior to joining OMERS, Ms. Delphine Voeltzel worked in investment banking at Rothschild in London, where she was advising clients on M&A transactions in the utilities, transport and infrastructure sectors. Ms. Delphine Voeltzel graduated from HEC Paris Business School with a Major in Finance.
Mr. Pramod Sushila Kapoor
Mr. Pramod Sushila Kapoor is the Chief Financial Officer of L&T Infrastructure Development Projects Limited (L&T IDPL) from April 1, 2019 and is on the Boards of several of its Subsidiaries. He is a Chartered Accountant and a Company Secretary and has nearly 4 decades of experience in various Senior positions in Finance & Accounts, Secretarial, Investor Relations and Corporate taxation.
Dr. Ashwin Mahalingam
Dr. Ashwin Mahalingam is a Professor in the Building Technology and Construction Management group of the Civil engineering department at IIT-Madras. He received his B.Tech in Civil engineering from IIT-Madras and then proceeded to Stanford University for a master’s 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 and Partner of an Insolvency Professional Entity, recognised by 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, a listed entity 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, compliance 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. She also currently serves in a leadership role in the Technology Industry.
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 Private Limited, a joint venture with De Beers and GOI.
She was Chief Executive Officer, Larsen & Toubro, Seawoods Private Limited. 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 T&D India Limited, Swaraj Engines Limited, Honeywell Automation India Limited, Tata Projects Limited and Mahindra Integrated Business Solutions Private Limited. Till recently she was also the Chairperson of non-profit, CARE India.
Mr. Sanjay Ganesh Ubale
Mr. Sanjay Ganesh Ubale, Independent Director, has varied experience of over 30 years in leadership positions both in government, private and not-for-profit sectors. He belonged to the Indian Administrative Service and has vast experience in the areas of Infrastructure, Real estate, Urban management, Social & Economic Development, Governance and Public Policy.
Mr Ubale completed his Masters degree in Management (MMS) from Jamnalal Bajaj Institute of Management Studies. He also holds a Masters degree in development studies from the University of Bath, UK. Mr Ubale is an alumini of Harvard Business School having done his Advanced Management Program.
He was Secretary, Government of Maharashtra and later, the Managing Director, Tata Reality and Infrastructure Limited. He headed the Infrastructure and Urban Solutions vertical for the Tata Group for some time. He also served as the Director at the Bill & Melinda Gates Foundation, New Delhi.
Mr Ubale is currently a board member at Noida International Airport.
Mr. Ravindran Shunmugakani
Mr. Ravindran Shunmugakani, Independent Director, has varied experience of over 36 years in Securities Market Development, Regulations, Corporate Finance, Taxation and Accounts.
He was executive Director and headed major departments relating to corporate finance, foreign institution investors and custodians and implemented policy measures relating to securities and market participants including mutual funds, risk management, corporate restructuring. He was Advisor to Central Bank of Bahrain (on deputation from SEBI) and implemented Bahrain’s Securities Market Regulatory Framework and enabled Bahrain to enter into Multilateral MOU with IOSCO. He set up surveillance department, handled major market manipulation cases, acted as SEBI Nominee on the governing board of stock exchanges, implemented Accounting Standards through Listing Requirements. He worked as Internal Auditor and functioned as CFO of subsidiary companies of Shaw Wallace and Sesa Goa.
Mr. Ravindran is a graduate in Commerce and is a Chartered Accountant from the Institute of Chartered Accountants of India. He is also a Cost Accountant from the Institute of Cost Accountants of India. He is currently a board member at National Stock Exchange of India Limited.
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.