AboutUs
BOARD OF DIRECTORS
Chairman
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.
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