Mahindra Logistics

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Our Board of Directors

Mr. V. S. Parthasarathy
Chairman and Non-Executive Director
Mr. V. S. Parthasarathy
Chairman and Non-Executive Director

Mr. V. S. Parthasarathy, Chairman of the Board is a much-awarded professional, a thought leader, and a votary of transformational changes with over three decades of experience.

With e­ffect from April 1, 2020, Mr. Parthasarathy was appointed as the President of the newly created Mobility Services Sector of the Mahindra Group. He is a Member of the Group Executive Board of Mahindra Group and on the Board of listed Mahindra Group companies viz. Tech Mahindra Limited, Mahindra & Mahindra Financial Services Limited, Mahindra Holidays and Resorts India Limited, CIE Automotive S.A. Spain as well as other entities including Smart shift Logistics, Meru Travel Solutions, Mahindra First Choice Services, etc.

Mr. Parthasarathy began his career with Modi Xerox as a Management Trainee. Before joining M&M in 2000, he was the Associate Director at Xerox. Mr. Parthasarathy’s journey at M&M began with an HR stint, where he brought about organisational transformation – performance management system, policy deployment, strategic planning – and journeyed through the Deming Prize. He later spearheaded functions like Finance, M&A, IT, and International Business, prior to being the Group CFO and Group CIO at M&M Ltd. until March 31, 2020. His areas of expertise include organisational transformation, leadership, strategic planning, finance, international operations, etc.
He is a well-recognised speaker in the fields of finance and IT. He was awarded the Lifetime Achievement awards for both his CFO and CIO roles. He is also the recipient of the Business World – Yes Bank Hall of Fame Award, Best CFO of India Award by IMA, Corporate Excellence Awards, and Digital Icon of India Award by HPE.

Mr. Parthasarathy is the President of the Bombay Chamber of Commerce & Industry (BCCI) and Chairman of the FICCI CFO Council. He runs for Nanhi Kali (the Girl Child Education NGO) at Mumbai Marathon as a Change Legend.
He holds a bachelor’s degree in Commerce, is a Fellow Member of the Institute of Chartered Accountants of India, and a Member of the Institute of Chartered Accountants of England and Wales. He is an alumnus of Harvard’s Advanced Management Program (2011).

Mr. Rampraveen Swaminathan
Managing Director & CEO
Mr. Rampraveen Swaminathan
Managing Director & CEO

Mr. Rampraveen Swaminathan has two decades of global business leadership experience spanning the Automotive, Energy, and Paper sectors. He started his career with the Tata Group and his other stints include positions with Cummins Inc., International Paper Co., and Schneider Electric. He was Chairman & Managing Director of International Paper APPM Ltd, a listed company. His areas of expertise include strategy and planning, business management, international operations, and operations transformation.
He serves as a Non-Executive Director on the Board of LORDS Freight (India) Private Limited, a subsidiary of the Company. He is also an Independent Director on the Board of Dodla Dairy Limited.

He is a partner in SVP India, a strategic philanthropic organisation, and is on the Advisory Board of WWF-India.

He holds an MBA degree in Finance and Strategy from TA Pai Management Institute, India, and a bachelors’ degree in Commerce from the University of Bangalore. He is an alumnus of the Harvard Business School-Executive Strategy Program (2007).

Parag Shah
Non-Executive Director
Parag Shah
Non-Executive Director

Mr. Parag Shah has experience of over two decades in building new businesses, startups, turnarounds, joint ventures, and mergers and acquisitions across the Mahindra Group. Currently, he is the Managing Partner and Co-Head of the Mahindra Partners Division of M&M.

Prior to his current assignment, he was involved in new business development and strategy for the Mahindra Group. He was also Chief Executive Officer of Officemart India.com Ltd., a consulting & e-commerce company within the Group. Before joining the Mahindra Group in 1999, Mr. Parag Shah was Managing Director of Systems Marketing India Pvt. Ltd., a private business with interests in Manufacturing, Investment Banking, and Trading. He is a Director on several Mahindra Group companies including Mahindra Intertrade, Mahindra Susten, Mahindra Vehicle Manufacturers, and also serves as an Independent Director on the Board of HDFC Asset Management Company Limited. His areas of expertise include private equity, venture capital, investment management, strategy, and planning, etc.

He was also a founder Director of ‘Executives Without Borders’, an NGO based in USA. He was recognised by the Economic Times and Spencer Stuart as India’s Top 40 Business Leaders under the age of 40 years.

He is also affiliated with various non-governmental organisations such as Sabarkanta Relief Samiti and S&G Charitable Trust. He has also been a member of FICCI – Solar Energy Task Force Committee, the India Israel forum and CII National Committee on Private Equity & Venture Capital.

He holds a Bachelors Degree in Computer Engineering from the Illinois Institute of Technology with special electives in Psychology and Manufacturing Technology. He is also a graduate of the General Management Program from the Harvard Business School.

S. Durgashankar
Non-Executive Director
S. Durgashankar
Non-Executive Director

Mr. Durgashankar, a Chartered Accountant by profession, is the President – Group M&A, Corporate Accounts and Group Secretarial, and Member of the Group Executive Board at Mahindra & Mahindra Limited. He is also the Chairman of Mahindra Integrated Business Solutions Private Limited, the Service Centre arm of Mahindra & Mahindra Limited. In his experience of over three decades, he has handled a wide spectrum of corporate finance assignments at senior levels and has rich M&A experience. At Mahindra & Mahindra Limited, Mr. Durgashankar has also headed Treasury and Investor Relations and was instrumental in setting up the M&A division. Prior to his current assignment, he was the CFO of Mahindra Satyam and was responsible for the company becoming current with respect to its Indian GAAP reporting requirements. He is a member of the Audit Committee, Corporate Social Responsibility Committee, and Stakeholders Relationship Committee of the Mahindra Logistics Board. He was appointed on the Board of the Company effective May 7, 2019.

Mr. Durgashankar is an Alumni of the Harvard Business School where he attended the Advanced Management Program. He is also a speaker at many forums on varied topics in M&A and Finance. He was the recipient of CFO 100 Awards in 2010, 2013 and 2014, for his contribution to the field of corporate finance in the area of M&A. He was also the recipient of the CFO India League of Excellence Award in March 2015.

Avani Davda
Independent Director
Avani Davda
Independent Director

Prior to her current role, Ms. Davda was the Managing Director of Godrej Natures Basket from May 2016 to November 2019. She was also the Chief Executive Officer of Tata Starbucks Private Limited, the 50/50 joint venture between Starbucks Coffee Company and Tata Global Beverages Limited (TGBL). She was appointed on the Board of Mahindra Logistics on June 6, 2018, and is the Chairperson of the Risk Management Committee and a member of the Audit Committee of the Board.

Ms. Davda holds a master’s degree in Management Studies from NMIMS and a bachelor’s degree in Commerce with Honors (Advertising & Media) from H.R. College, University of Mumbai. She was nominated as a Young Global Leader in 2014 by the World Economic Forum, Geneva, Switzerland. She also featured in Fortune US’s annual global list of ‘40 under 40 leaders’ in 2013 and Fortune and Food & Wine’s list of ‘25 Most Innovative Women in Food and Drink’ in 2014.

Ajay Mehta
Independent Director
Ajay Mehta
Independent Director

Mr. Mehta is an Independent Director in Mahindra Logistics and was appointed on the Board of the Company on March 27, 2015. He is the Chairman of the Audit Committee and a member of the Nomination & Remuneration Committee of the Board. He has 34 years of experience and practice in the fields of taxation, auditing, accounting, and finance. He is a partner in Rajendra Shah and Associates, Chartered Accountants, which provides consultancy services to the Government of Maharashtra for its information technology company – Maharashtra Information Technology Corporation Limited. His firm is also on the panel of the Maharashtra Cooperative Societies Audit Panel. He is also the proprietor of Ajay Mehta & Company, Chartered Accountants. He has audited several nationalised banks and companies, and also provides services to various non-governmental organisations.

Mr. Mehta is a fellow member of the Institute of Chartered Accountants of India. He holds a bachelor’s degree in Law from Government Law College, University of Mumbai, and a bachelor’s degree in Commerce from the University of Mumbai.

Darius Pandole
Independent Director
Darius Pandole
Independent Director

Mr. Pandole has over 26 years of experience in private equity. He is the Managing Director & CEO of the private equity fund management business of JM Financial Limited. Prior to this role, he was a partner at New Silk Route Advisors, a private equity advisory fi rm primarily focused on India. He was also an Executive Director with IDFC Asset Management Company Limited, which managed the India Development Fund, an infrastructure focused private equity fund. He was appointed on the Mahindra Logistics Board effective July 25, 2017 and is a member of the Audit Committee and Chairman of the Nomination & Remuneration Committee and Stakeholders Relationship Committee of the Board.

Mr. Pandole holds a bachelor’s degree in Economics from Harvard University and a master’s degree in Business Management from the University of Chicago.

Ranu Vohra
Independent Director
Ranu Vohra
Independent Director

Mr. Vohra has 19 years of experience in the Indian financial services industry and has been a part of several transactions in investment banking and private equity. He is the Managing Director and CEO and co-founder of Avendus Capital Private Limited. Prior to co-founding Avendus, he worked with a communications equity associate, Tampa (US) based technology and media investment bank, and also with Hinduja Finance Corporation Limited. He was appointed on the Board of the Company effective July 25, 2017. He is a member of the Nomination & Remuneration Committee and Risk Management Committee and also chairs the Corporate Social Responsibility Committee of the Board.

Mr. Vohra holds a master’s degree in Business Management from the Faculty of Management Studies, University of Delhi, and a bachelor’s degree in Technology (Mechanical Engineering) from the Indian Institute of Technology, Delhi.

Ms. Malvika Sinha
Independent Director
Ms. Malvika Sinha
Independent Director

Ms. Malvika Sinha was appointed on the Board of Mahindra Logistics as Independent Director effective 30 July 2020. She is a Member of the  Audit Committee and Risk Management Committee of the Board.

Ms. Malvika Sinha served the Reserve Bank of India (“RBI”) for 38 years, retiring as Executive Director in February 2020. As Executive Director at RBI, she was in charge of the Human Resource Development, Foreign Exchange Department, Internal Debt Management Department, and Deposit Insurance and Credit Guarantee Department and had the executive responsibility for the operations of these departments and overseeing policy formulation in these areas. She was responsible for recruiting, postings, promotions, training, industrial relations, and policies for around 15,000 employees (officers, clerks, and workmen) of the RBI.

Ms. Malvika Sinha joined the RBI in 1982 as a career central banker and served in various departments – Department of Banking Operations and Development, Department of Banking Supervision, Urban Banks Department, Secretary’s, Department of Government and Bank Accounts, Exchange Control Department, among others – and in different centres viz. Patna and Delhi and has over four decades of experience.

She was RBI’s Nominee Director on the Board of State Bank of Bikaner and Jaipur before its merger with SBI. She was also on the Governing council of both the Institute of Banking and Finance & Institute of Banking Personnel Selection.

Ms. Malvika Sinha holds a Masters’ Degree in Public Administration from the Woodrow Wilson School of Public and International Affairs, Princeton University, USA, a Masters’ Degree in Arts from Elphinstone College, Mumbai University, and is a Certified Associate of the Indian Institute of Banking.

Mr. Naveen Raju
Non-Executive Director
Mr. Naveen Raju
Non-Executive Director

Mr. Naveen Raju was appointed on the Board of Mahindra Logistics as Non-Executive Director effective 3 September 2020. He is a Member of the  Stakeholders’ Relationship Committee and Corporate Social Responsibility Committee of the Board.

Naveen is General Counsel and Executive Vice President – Group Legal Affairs at Mahindra & Mahindra Limited.

Naveen Raju has more than two decades of experience in working with leading Indian private sector companies and started his career in 1996 as in-house counsel with Associated Cement Companies, before moving to Crompton Greaves. In the year 2000, he joined as Head of Legal for the oil and gas business at Reliance Industries. He moved to Mahindra in 2014 and since coming on board has been instrumental in implementing a vision to fully integrate the corporate legal function with the group businesses and employ world-class skills, systems and processes.

Naveen Raju is a Director on the Board of Mahindra Automotive North America Inc., which is a Mahindra group company. He is a member of the global Board of Directors of the Association of Corporate Counsel, which is the world’s largest community of in-house counsel with over 40,000 members across six continents.

Naveen Raju has been listed in “The Legal 500 GC Powerlist: India 2018” and the Chamber listing of “GC Influencers” in 2019. In 2019, he was awarded the “General Counsel of the Year – Manufacturing” by India National Bar Association (INBA).

He was a member of the competition law review committee of the Government of India and is a member of the regulatory and the judicial reforms committee of the CII and FICCI. He is the Chairman of the Advocacy Committee of the Association of Corporate Counsel and is Co-Chairman of Legal Affairs & IPR Committee of the Bombay Chamber of Commerce and Industry.  He graduated from the National Law School, Bangalore.

Our Committee

Audit Committee
  • Mr. Ajay Mehta - Chairperson
  • Mr. S. Durgashankar - Member
  • Mr. Darius Pandole - Member
  • Ms. Avani Davda - Member
  • Ms. Malvika Sinha - Member
Risk Management Committee
  • Ms. Avani Davda - Chairperson
  • Mr. Parag Shah - Member
  • Mr. Ranu Vohra - Member
  • Mr. Rampraveen Swaminathan - Member
  • Ms. Malvika Sinha - Member
Stakeholders Relationship Committee
  • Mr. Darius Pandole - Chairperson
  • Mr. Parag Shah - Member
  • Mr. S. Durgashankar - Member
  • Mr. Naveen Raju - Member
Nomination and Remuneration Committee
  • Mr. Darius Pandole - Chairperson
  • Mr. V. S. Parthasarathy - Member
  • Mr. Parag Shah - Member
  • Mr. Ajay Mehta - Member
  • Mr. Ranu Vohra - Member
Corporate Social Responsibility Committee
  • Mr. Ranu Vora - Chairperson
  • Mr. Parag Shah - Member
  • Mr. S. Durgashankar - Member
  • Mr. Naveen Raju - Member