Sponsored by IDBI Bank, the IDBI Asset Management Limited was incorporated under the Companies Act, 1956 on 25th January 2010.
The Trustee Company has appointed IDBI Asset Management Limited to manage the Mutual Fund.
The Board of Directors of the AMC are:
Directors of AMC
Mr. R M Malla
Mr. R M Malla is the Chairman of IDBI Asset Management Ltd and has 35 years of experience in the Banking and Financial sector. He started his career with Syndicate Bank and later joined IDBI. He held various positions during his 22 years association with IDBI, before joining IFCI as its Executive Director & CEO. He was the Chairman and Managing Director of SIDBI before rejoining IDBI Bank Ltd as its Chairman & Managing Director.
The other organizations where he is Chairman / Director are:
Organization Name
Position Held
IDBI Bank Ltd.
Chairman
IDBI Intech Ltd.
Chairman
IDBI Capital Market Services Ltd
Chairman
IDBI Trusteeship Services Ltd
Chairman
IDBI Federal Life Insurance Company Ltd
Chairman
Export Import Bank of India
Director
Mr. Debasish Mallick
Mr. Debasish Mallick is the Managing Director & CEO of IDBI Asset Management Ltd. He has nearly three decades of experience in the Banking industry. Immediately prior to joining the AMC, he was head of Personal Banking Business for IDBI Bank Ltd. (West Zone) which included distribution of Mutual Fund products. Mr. Mallick also has long experience in the areas of Corporate Banking, International Banking, resource mobilization and Treasury among others.
Mr. Raj Kumar Bansal
Mr. Raj Kumar Bansal is Executive Director & Group Head-Retail with IDBI Bank Ltd. He has vast experience in banking & finance with positions held in various capacities in the past with IDBI Bank.
His other Directorships are:
Organisation Name
Position Held
Himachal Futuristic Communications Ltd., New Delhi
Director
National Securities Depository Ltd., Mumbai
Director
Mr. J N Godbole
Mr. J N Godbole is in the Board of many listed companies as Independent Director. He was a Whole Time Director and Functioned as Chairman & Managing Director of IDBI Ltd before his retirement. He has vast experience in banking & finance with positions held in various capacities in the past with IDBI Ltd.
His other Directorships are:
Organization Name
Any association with the sponsor
Position held
Nature of job responsibilities
Period From – To
J.K.CEMENTS LTD.
No
Independent Director
Continuing
EMBIO LTD
No
Independent Director
Member of Audit Committee
Continuing
GILANDER ARBUTHNOT LTD.
No
Independent Director
Member of Audit Committee
Continuing
IMP POWERS LTD.
No
Independent Director
Joint Chairman of Audit Committee
Continuing
EMAMI PAPER LTD.
No
Independent Director
Member of Audit Committee
Continuing
THE OUDH SUGARS LTD.
No
Independent Director
Continuing
MADHYA BHARAT PAPERS LTD.
No
Independent Director
Member of Audit Committee
Continuing
ZUARI INDUSTRIES LTD.
No
Independent Director
Member of Audit Committee
Continuing
SAURASHTRA CEMENT LTD.
No
Independent Director
Continuing
GUJARAT ALKALIES & CHEMICALS LTD.
No
Independent Director
Member of Audit Committee & Project committee
Continuing
KESAR TERMINALS & INFRASTRUCTURE LTD.
No
Independent Director
Member of Audit Committee
Continuing
MIDAS ARC
No
Independent Director
Continuing
Mr. Yashwantrao S.P Thorat
Mr. Yashwantrao S.P. Thorat was the Chairman of NABARD and Executive Director, RBI. He is the CEO of N.I.B.M. and Rajiv Gandhi Charitable Trust. Mr. Thorat is a Director on the Board of certain listed companies and a Member of the Board of many Institutions and educational Trusts.
Organization Name
Any association with the sponsor
Position held
Nature of job responsibilities
Period From – To
Rajiv Gandhi Charitable Trust
No
CEO
Overall superintendence and control
Continuing
Sahayog Microfinance Ltd. (formerly known as Shraddha Properties and Finance Limited, NBFC (Non- Banking Finance Company),
Lt. Gen. Mukesh Sabharwal, PVSM, AVSM**, VSM (Retd) had an outstanding career of 40 years with the Indian Army. During the course of his service, he had served as the Corps Commander in Srinagar and Security Advisor to the J&K Government. He was also the Adjutant General of the Indian Army and in this capacity, the Principal Staff Officer to the Government of India and Advisor to the Chief of Army Staff.
As the Chairman of ‘Army Group Insurance Fund’ and ‘Ex- servicemen Contributory Health Scheme’ he oversaw investments amounting to over Rs 20000 crores. Besides, in his capacity as the Chairman of ‘Army Welfare Housing Organisation’, he was responsible for directing policies for provision of housing to soldiers.
Lt. Gen. Mukesh Sabharwal, an alumnus of National Defence Academy, holds a degree in Strategic Studies from USA and a Masters in Management Studies from Osmania University. He is also a graduate of the Command and General Staff College, Fort Leavenworth and US War College.
