sesa sterlite

Corporate Governance

 

Navin Agarwal 

Executive Chairman 

Mr. Agarwal is associated with the Group from its founding days. He has over 25 years of strategic management experience within the group. 

 

Mr. Agarwal is widely credited for creating a culture of business excellence delivering superior benchmark performance. Mr. Agarwal pursues a vision to partner India’s journey for industrial regeneration and socio-economic well-being through the Company’s sustainable approach and value-focused strategy. He seeks to leverage the potential of India’s natural resources sector. He plays a key role in the strategic and governance framework of the Vedanta group and has led the growth of the Company, through organic projects, as well as, acquisitions.

 
more

Lalita D. Gupte 

Independent Director 

Ms. Gupte has more than three decades of experience in the financial sector and has held various leadership positions in areas of project finance, leasing, planning and resources and corporate banking.

 

She is the former Joint Managing Director of ICICI Bank and was the Chairperson of ICICI Venture Funds Management Company Limited till October 2016. Ms. Gupte holds a Bachelor’s Degree in Economics and a Master’s degree in management studies. She did her advanced management programme from INSEAD.

 
more

Priya Agarwal 

Non-Executive Director 

Ms. Agarwal brings with her experience in Public Relations with Ogilvy & Mather and in Human Resources with Korn Ferry International, Vedanta Resources and HDFC Bank and in Strategic Planning with Rediffusion Y&R.

 

She has done B.Sc. Psychology with Business Management from the University of Warwick in the UK.

 
more
 

Tarun Jain 

Whole-Time Director 

Mr. Jain has over 34 years of experience in the corporate finance, audit and accounting, tax, mergers and acquisitions and corporate secretarial function. 

 

He is responsible for our strategic financial matters, including corporate finance, corporate strategy, business development and mergers and acquisitions.

Mr. Jain is a graduate of the Institute of Cost and Works Accountants of India, a Fellow Member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India.

 

 
more

Ravi Kant 

Independent Director 

Mr. Kant brings with him experience of around five decades. He is an Hon. Industrial Professor at the University of Warwick, the U.K., and a Distinguished Professor at IIT, Kharagpur.

 

In addition, he is also a visiting Leader at China Europe International Business School, Shanghai. He served as the Managing Director and Vice Chairman in Tata Motors. He is the Chairman of the Indian Institute of Management, Rohtak and Indian Institute of Information Technology, Allahabad. He had completed his education at Mayo College, Ajmer; Indian Institute of Technology, Kharagpur and Aston University, Birmingham, UK from where he did his Masters in Management in Industry. He was conferred with an Honorary D.Sc. by the Aston University, in Birmingham in July 2008.

 

 
more

Aman Mehta 

Independent Director 

Mr. Mehta has over 39 years experience in various positions with the HSBC Group from where he retired in January 2004 as CEO Asia Pacific. 

 

Mr. Mehta occupies himself primarily with corporate governance, with Board and advisory roles in a range of companies and institutions in India as well as overseas. Formerly, he has been a Supervisory Board member of ING Group NV and a Director of Raffles Holdings, Singapore. He is also a member of the governing board of the Indian School of Business, Hyderabad and a member of the International Advisory Board of Prudential of America. Mr. Mehta is an economics graduate from Delhi University. 

 
more
 

Arun Kumar GR 

Whole-Time Director & Chief Financial Officer 

Mr. Arun Kumar has over 22 years of experience at global multinationals Hindustan Unilever and General Electric.

 

Prior to his joining Vedanta, he was the CFO for General Electric’s Asia-Pacific Lighting & Appliances businesses based out of Shanghai. He is responsible for overall health of balance sheet, driving performance in profit and cash, treasury, investor relations, credit ratings, tax, secretarial, controllership, recording & reporting and other key strategic matters from time to time. He is a Fellow Member of the Institute of Chartered Accountants of India.

 

 

 
more

K Venkataramanan 

Independent Director 

Mr. Venkataramanan brings with him four decades of experience. He was CEO & Managing Director, Larsen & Toubro Limited (L&T) from April, 2012.

 

Further, he has also served on the L&T Board from May, 1999 until his retirement in September, 2015. He has spearheaded L&T in the world of E&C, strengthened every aspect of EPC value chain and transformed L&T to one of the respected names in the global EPC fraternity. He is a graduate in Chemical Engineering from Indian Institute of Technology, Delhi.

He is also a distinguished alumini awardee from IIT Delhi.

 

 

 
more

Kuldip Kaura 

Interim Chief Executive Officer 

Kuldip Kaura holds a degree in mechanical engineering, BE (Hons.) from the Birla Institute of Technology and Science (BITS), Pilani and an Executive education at London Business School & Swedish Institute of Management Stockholm, Sweden. 

 

In his over four decades of experience across engineering and mining roles, Mr. Kaura has served at senior levels in various reputable companies, including Vedanta Resources as Chief Executive Officer, Managing Director at ABB, India and Managing Director and Chief Executive Officer of a cement major in India, ACC Limited (LafargeHolcim).

 
more
 
 
 

The Company's Board has three sub-committee with specific terms of references. They are the Audit Committee, Shareholders & Investors' Grievance Committee and Remuneration Committee. These committees comprise mainly of Independent Directors who as per the terms of reference oversee the Committee's function and executes its duties and responsibilities.

Audit Committee

Name of the memberDesignation in Committee & Category
Lalita D Gupte Chairman, Independent Director
Ravi Kant Member, Independent Director
Aman Mehta Member, Independent Director

Terms of Reference

  • Oversight of the Company's financial reporting process and the disclosure of its financial information to ensure that the financial statements are correct, sufficient and credible.
  • Recommending to the Board, the appointment, re-appointment and, if required, the replacement or removal of the statutory auditors and fixation of audit fees.
    Approval of payments to statutory auditors for any other services rendered by the statutory auditors. Read More
  • Reviewing with management the annual financial statements before submission to the Board, focussing primarily on:
  • Matters required to be included in the Director's Responsibility Statement to be included in the Board's report in terms of clause (2AA) of section 217 of the Companies Act, 1956;
  • Changes, if any, in accounting policies and practices and reasons for the same;
  • Major accounting entries involving estimates based on the exercise of judgement by management;
  • Qualifications in draft audit report; Significant adjustments arising out of audit;
  • Compliance with listing and legal requirement concerning financial statements;
  • Disclosure of any related party transactions.
  • Reviewing with management, performance of statutory and internal auditors, adequacy of the internal control systems.
  • Reviewing the adequacy of internal audit function, including structure of the internal audit department, staffing and seniority of the official heading the department, reporting structure coverage and frequency of internal audit.
  • Discussion with internal auditors any significant findings and follow up thereon.
  • Reviewing the findings of any internal investigations by the internal auditors into matters where there is suspected fraud or irregularity or a failure of internal control systems of a material nature and reporting the matter to the Board.
  • Discussion with statutory auditors before the audit commences, nature and scope of audit as well as have post audit discussion to ascertain any area of concern.
  • To look into the reasons for substantial defaults in payment to the depositors, debenture holders, shareholders (in case of non-payment of declared dividends) and creditors.
  • Reviewing with management, the quarterly financial statements before submission to the Board for approval.
  • To review the functioning of the Whistle Blower mechanism, in case the same is existing.
  • Carrying out any other function as is mentioned in the terms of reference of the Audit Committee. Read less

Stakeholders Relationship Committee

Name of the memberDesignation in Committee & Category
Lalita D. Gupte Chairperson, Independent Director
K. Venkataramanan Member, Independent Director   
Tarun Jain Member, Whole Time Director
GR Arun Kumar Member, Whole Time Director & CFO

Terms of Reference

The Company has constituted a Stakeholders Relationship Committee of Directors to look into the redressal of complaints of investor such as transfer or credit of shares, non-receipt of dividend / notices / annual reports, etc.

Nomination and Remuneration Committee

Name of the memberDesignation in Committee & Category
Aman Mehta Chairman, Independent Director
Lalita D. Gupte Member, Independent Director
Ravi Kant Member, Independent Director
Navin Agarwal Member, Executive Chairman

Terms of Reference

The broad terms of reference of the Committee are to appraise the performance of Managing / Executive Directors, determine and recommend to the Board, compensation payable to them.

 

Corporate Social Responsibility

Name of the memberDesignation in Committee & Category
Ravi Kant Chairman, Independent Director
Aman Mehta Member, Independent Director
K. Venkataramanan Member, Independent Director
Tarun Jain Member, Whole Time Director
Priya Agarwal Member, Non Executive Director

 

 

 

 
 
DocumentLink
Policy on Prevention, Prohibition and Redressal of Sexual Harassment at Workplace PDF
Dividend Distribution Policy PDF
Policy for determination material events/UPSI and archival    PDF
Authorisation for disclosure of events & information   PDF
Familiarization Programme Schedule    PDF
Letter of Appointment to Independent Director    PDF
Insider Trading Prohibition Policy PDF
Nomination & Remuneration Policy PDF
Related Party Transaction Policy PDF
Determing Material Subsidiary Policy PDF
Familiarization Programme for Independent Directors   PDF
Supplier Code of Conduct  PDF
Code of Business Conduct & Ethics PDF
Antitrust Guidance Notes PDF
Corporate Social Responsibility Policy PDF
Biodiversity Policy PDF
Energy and Carbon Policy PDF
HIV AIDS Policy PDF
Health, Safety & Environment Policy PDF
Human Rights Policy PDF
Supplier and Contractor Management Policy PDF
Water Management Policy PDF