Board of Directors

The Board of Directors of our Company comprises the following persons:

Rakesh Biyani

Rakesh Biyani is the Chairman and a Non-Executive Director of our Company. He holds a bachelor’s degree in Commerce from University of Bombay and has attended the Advanced Management Program from Harvard Business School. He has over 25 years of experience in the retail, supply chain and logistics, and fashion industries. He was awarded (i) an appreciation award by Datamatics Global Services Limited for outstanding contribution to leadership development initiative of Datamatics Global Services Limited; and (ii) an appreciation award by the Clothing Manufacturers Association of India (“CMAI”) at the CMAI Fashion Retail Summit on May 8, 2013. He has been a Director on our Board since July 13, 2007.


Mayur Toshniwal

Mr. Mayur Toshniwal is the Managing Director and Chief Executive Officer of the Company. He holds post graduate diploma in management from the Indian Institute of Management, Ahmedabad and a bachelor’s degree in technology in Mechanical Engineering from the Indian Institute of Technology, Banaras Hindu University, Varanasi. He has around 25 years of experience across paints, fast moving consumer goods and retail industries, including five years of experience as an entrepreneur. Previously he has worked with Asian Paints, Coca Cola, Future Group and Allgreen Ecotechsolutions which was an entrepreneurial venture. He has been a Director on the Board of the Company since August 5, 2017.


Chandra Prakash Toshniwal

Chandra Prakash Toshniwal is a Non-Executive Director of our Company. He holds a bachelor’s degree in commerce from the University of Rajasthan. He is a qualified Chartered Accountant from the ICAI and is an Associate Member of the Institute of Company Secretaries of India. He has over 20 years of experience in the retail, supply chain and logistics, fashion, insurance and media industries. He was awarded the CFO – Service Sector Award in 2011 by the Institute of Chartered Accountants of India. He has been associated with Future Retail Limited and Future Lifestyle Fashions Limited in various capacities. He has been a Director on our Board since March 8, 2006.


Shyam Maheshwari

Shyam Maheshwari is a Nominee, Non-Executive Director of our Company. He holds a bachelor’s degree in commerce from the University of Calcutta, a post graduate diploma in management from the Indian Institute of Management, Bangalore and is an Associate Member of the ICAI. He has 17 years of experience in the deal sourcing, analysis and investing industry. He is the Chief Executive Officer of SSG Capital Management (Singapore) Pte. Limited. He is a Partner and Co-Founder of the SSG Group. He has been a Director on our Board since June 30, 2016.

Janat Shah

Janat Shah is an Independent Director of our Company. He holds a bachelor’s degree in engineering from the Indian Institute of Technology, Bombay and is a Fellow of the Indian Institute of Management, Ahmedabad. He has 27 years of experience in the education field. He is the director of Indian Institute of Management, Udaipur. Previously he has worked with Indian Institute of Management, Bangalore. He was the principal researcher of the team which won the IBM faculty award in 2005, 2006 and 2008. He has been a Director on our Board since March 30, 2015.


Bala Deshpande

Bala Deshpande is an Independent Director of our Company. She holds a bachelor’s degree in Arts from the University of Bombay and a master’s degree in Arts from the University of Bombay. She also holds a master’s degree in Management Studies from Jamnalal Bajaj Institute of Management Studies, Mumbai. She has 10 years of experience in the consumer/industrial industry and 16 years in private equity and venture capital. She currently heads NEA India and has previously worked with ICICI Ventures, Cadburys Limited, Bestfoods and Imperial Chemical Industries. She has been a Director on our Board since May 10, 2017.


Amar Sapra

Amar Saprais an Independent Director of our Company. He holds a bachelor’s degree in mechanical engineering from University of Roorkee and a doctorate degree in philosophy from Cornell University. He has over 12 years of experience in the teaching profession. He has received an honourable mention in the IIE Transactions Focused Issue on Scheduling and Logistics Best Paper Award Competition for 2015 for a paper on ‘A Continuous Time Analog ofthe Martingale Model of Forecast Evolution’. Previously, he has taught at University of Florida and Johnson School, Cornell University and is presently teaching at the Indian Institute of Management, Bangalore. He has been a Director on our Board since August 5, 2017.


Rahul Garg

Rahul Garg is an Independent Director of our Company. He holds a bachelor’s degree in mechanical engineering from the University of Delhi and a post graduate diploma in management from the Management Development Institute, Gurgaon. He has 18 years of experience in the financial services sector. He is the Partner and Co-Head, India Private Equity strategy of Premji Invest and all group companies of Premji Invest where he leads investments inbanking, financial services, insurance and the consumer and retail sectors. Previously, he has worked for 10 years with ICICI Bank Limited, and for a brief stint at the Small Industries Development Bank of India. During his tenure at ICICI Bank Limited, he worked in multiple roles such as investment banking (raising equity/convertible bonds for Indian corporates), structured finance solutions, corporate banking, treasury sales and mid-market lending. He has been a Director on our Board since August 5, 2017.

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