Board Of Directors

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Rakesh Biyani

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Mayur Toshniwal

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Bala Deshpande

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Amar Sapra

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 is the Managing Director 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.

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 is 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.

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Shinichi Kakiyama

Mr. Shinichi Kakiyama, aged 57 years, is Executive Officer and General Manager of Overseas Business Administration Division at Nippon Express Co. Ltd. (“Nippon”). He is presently stationed at Tokyo, Japan. Mr. Shinichi Kakiyama is faculty of Literature from Seinan Gakuin University, Japan. He holds over 34 years of experience at various corporate positions and associated with Nippon since 1986. During his long association with Nippon, Mr. Shinichi Kakiyama gained expertise in the field of Air Cargo business, logistics business and held various managerial positions for the domestic and international business divisions. From the year 2019 to 2021, he held the position of vice president and Regional General Manager for Nippon’s business in entire Europe. Presently, he is in charge of Overseas Business Administration and Development.

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Rakesh Biyani

Chairman and a Non-Executive Director

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Mayur Toshniwal

Managing Director

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Bala Deshpande

Independent Director

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Amar Sapra

Independent Director

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Shinichi Kakiyama