Arun Duggal
MBA
CHAIRMAN
AGE : 61
Mr. Arun Duggal is an experienced international Banker and has advised companies
on Financial Strategy, M&A and Capital Raising.
He is Chairman of Board of Directors of Shriram Transport Finance Company, Shriram
Properties Ltd., Shriram City Union Finance Ltd., and Shriram EPC
Limited. He is the Vice Chairman of International Asset Reconstruction Company.
He is on the Board of Directors of Jubilant Energy NV , Patni Computers (Chairman,
Audit Committee), Fidelity Fund Management, LNG Petronet (Nominee
Director of Asian Development Bank), Manipal Acunova Limited, Zuari
Industries, Info Edge (India), Dish TV India Ltd., Mundra
Port & SEZ Ltd.,and Hertz (India). Mr.Duggal is Advisor to IMA
(formerly Economist Intelligence Unit, India).He is a member of the Investment Committee
of Axis Private Equity.
He was on the Board of Governors of the National Institute of Bank Management He
is a Board Member and erstwhile Chairman of the American Chamber of Commerce,
India.
Mr. Duggal is involved in several initiatives in social sector. He is a
founder Director of Bellwether Microfinance Fund which provides equity capital to
promising Micro Finance organizations and helps them in capacity building. He
is a Trustee of Centre for Civil Society, New Delhi, which focuses on improving
the quality and access of education to students especially for the poor. He
is Senior Advisor (Asia Pacific) to Transparency International, Berlin which
is undertaking a number of initiatives to combat corruption problem around the world.
Mr. Duggal had a 26 years career with Bank of America, mostly in the U.S.,
Hong Kong and Japan. His last assignment was as Chief Executive of Bank of America
in India from 1998 to 2001. He spent ten years (1981-1990) with
the New York Corporate Office of Bank of America handling multinational relationships.
From 1991-1994 as Chief Executive of BA Asia Limited, Hong Kong he looked
after Investment Banking activities for the Bank in Asia. In 1995, he moved
to Tokyo as the Regional Executive, managing Bank of America's business
in Japan, Australia, and Korea. From 2001 to 2003 he was Chief Financial
Officer of HCL Technologies, India.
A Mechanical Engineer from the prestigious Indian Institute of Technology, Delhi,
Mr. Duggal holds an MBA from the Indian Institute of Management, Ahmedabad.
He teaches Banking & Finance at the Indian Institute of Management, Ahmedabad
as a visiting Professor.
He has dual citizenship of India as well as of the U.S. A theatre enthusiast,
he also plays tennis and enjoys trekking in the Himalayas. He is married to
Dr. Rita Duggal and they have two daughters.