Sponsored by IDBI Bank, the IDBI Asset Management Limited was incorporated under the Companies Act, 1956 on 25th January 2010. (IDBI AMC Corporate Identification No: U65100MH2010PLC199319)
The registered office of IDBI Asset Management Ltd. is situated at IDBI Tower, WTC Complex, Cuffe parade Colaba, Mumbai - 400 005. & Corporate Office of IDBI Asset Management Ltd. is at 5th Floor, Mafatlal Centre, Nariman Point, Mumbai - 400 021.
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. Kishor Piraji Kharat
Mr. Kishor Piraji Kharat is the Chairman of IDBI Asset Management Ltd. and Managing Director and Chief Executive Officer of IDBI Bank Ltd. Prior to joining IDBI Bank, he served as Executive Director at Union Bank of India and held charge of Priority Sector Finance, MSME and Financial Inclusion. He has over 38 years of experience in the Banking and Financial Services sector. In a career spanning 37 years with Bank of Baroda, Mr. Kharat held several distinguished positions in the Bank's hierarchy in the areas including Credit, International business, Information Technology and general administration in India as well as overseas. Mr. Kharat established the foreign subsidiary of Bank of Baroda in Trinidad & Tobago, West Indies and was its Managing Director for more than three years. He was also a founding member of India Trinidad & Tobago Chambers of Commerce & Industry. During the period that Mr. Kharat was General Manager, Financial Inclusion Vertical, he was a key driver of major Financial Inclusion initiatives where he had worked closely with RBI as well as the Government of India.
Mr. A. L. Bongirwar
Mr. A. L. Bongirwar is Executive Director of IDBI Bank Ltd. In his previous role, he headed IDBI Capital Markets Ltd. as Managing Director & Chief Executive Officer where his profile comprised Strategic Planning, Leadership, organization and team building, Investment Banking, new business initiatives, Retail Broking and Institutional Research. He has vast experience in areas such as Corporate Debt Restructuring, Infrastructure lending and has been Zonal In-charge of the Bank for various businesses. Presently, as Executive Director, he is responsible for Project Appraisal/Syndication of loans & Government Business Development.Mr. Bongirwar is also Member of the Governing Council of the Maharashtra State Board of Technical Education (MSBTE).
Mr. J. N. Godbole
Mr. J. N. Godbole is on 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.
Lt. Gen.Mukesh Sabharwal
PVSM, AVSM**, VSM (Retd)
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.
Ms. Geeta P. Shetti
Ms.Geeta P. Shetti has nearly four decades of experience in Banking sector. She superannuated as General Manager of Indian Overseas Bank in 2014. She has rich experience in the fields of Inspection, Risk Management, Compliance, Customer Service and Anti Money Laundering. She has served as the Principal Officer of Indian Overseas Bank in her capacity as the Head of Operation Department of the Bank. She had been on the Boards of CORDEX, a company formed under the auspice of IBA, and Universal Sompo General Insurance Co. Limited.
Mr. Annavarapu Venkat Rammurty
Mr. Annavarapu Venkat Rammurty during his illustrious career with IDBI Bank Ltd. has headed various functions of the Bank such as Research & Planning and Market Research Dept, Corporate Debt Restructuring (CDR) Cell, Risk Management Dept and the Corporate Strategy & Planning Dept. He has served as the Banks` nominee Director on the Boards of various Companies. He has been an Independent Director on the Board of Man Industries (India) Ltd.
Mr. Dilip Kumar Mandal
Managing Director and Chief Executive Officer
Mr. Dilip Kumar Mandal is the Managing Director and Chief Executive Officer of IDBI Asset Management Ltd. Mr. Mandal has over three decades of experience in various fields of financial services viz. venture capital financing, project finance, credit appraisal and monitoring, NPA resolution, loan syndications, retail banking among others. Immediately prior to joining IDBI Asset Management Ltd, Mr. Mandal was Chief General Manager & Zonal Head of Retail Banking Group, IDBI Bank Ltd., covering the states of Odisha, Chattisgarh & Jharkhand and based at Bhubaneswar.
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