Under our Articles of Association, our Company we are required to have not less than 3 (three) Directors and not more than 12 (twelve) Directors, subject to Section 252 and 259 of the Companies Act, 1956. As on the date of this Draft Red Herring Prospectus, our Company has 6 (six) Directors on its Board, of which three are executive and three are independent.
Except for Mr. S. Ramamurthi, who is the Executive Director Corporate Affairs at Marathon Nextgen Realty Ltd, Citadel Realty & Developers Limited and Chhaganlal Khimji & Co. Ltd., Mr. Shankarlal D. Mehta and Mr. Babulal Mehta, who are both the directors of M/s. Rajputana Advisory Services Pvt Ltd, none of our other directors hold any other directorships elsewhere.
The following table sets forth the details of the Current Board of Directors : :
| Name | Designation |
| Mr. Shankarlal Deepchand Mehta | Chairman & Managing Director Executive Director |
| Mr. Babulal Deepchand Mehta | Whole Time Director Executive Director |
| Mr. Jayesh Natvarlal Pithva | Executive Director |
| Mr. Sundaram Ramamurthi | Independent Director |
| Mr. Jashvant Chinubhai Patel | Independent Director |
| Mr. Dilip Kumar Vyas | Independent Director |
Brief Biographies of Directors Mr. Shankarlal Deepchand Mehta Mr. Shankarlal Deepchand Mehta, 38 years, is the Managing Director of the company. He is also a principal promoter of the Company. He holds a bachelors degree in Commerce from the Mumbai University. He has experience of 16 years in the Stainless Steel Industry. He started his career as a steel merchant in year 1993 at Mumbai along with his Brother Babulal Mehta. After successfully setting up a Stainless Steel Trading Business at Mumbai, in 1997 he moved to Vadodra and established his proprietary concern in the name of Yash Steel Centre for the trading of Stainless steel products. In 1999, he along with his brother took over the management of a running unit in the name of M/s Rajputana Steel Castings Private Limited at Kalol. Under his leadership Rajputana Stainless Ltd has grown from small scale unit running capacity of 1000 MT per year to a large scale manufacturing unit having production capacity of 40000 MT per year. Appointed on the board for the first time on 25th February, 2000 he is in charge of administration and day to day activity of the Manufacturing Setup of the Company at Kalol. He has been last re-appointed as a director on our Board and designated as the Chairman and Managing Director of the Company at the Extra-ordinary General Meeting of our company held on November 14, 2008
Mr. Babulal Deepchand Mehta Mr. Babulal Deepchand Mehta, 51 years, is the Whole Time Executive Director of the Company. He is also a principal promoter of the company. He started his career from his family business as a helping hand to his father Mr. Deepchand Mehta. Having had grass root level experience he has a complete understanding of various processes involved in the business including Rolling, Fabrication, Forging, etc. Due to his experience of more than 30 years in the Stainless Steel Business he has developed a strong marketing network having been associated with many Stainless Steel Industry Firms such as Viraj Ispat, Sun Flag Iron, Rimjhim, Mukund Iron and Steel, EzeeBar, etc. In 1999, he along with his brother took over the management of a running unit in the name of M/s Rajputana Steel Castings Private Limited at Kalol. Appointed on the Board for the first time on November 1, 1999 he is in charge of Business Development and Strategic Management of the Company and its marketing efforts at Mumbai. He has been last re-appointed as a director on our Board and designated as Whole-time Executive Director on our Board at the Extra-ordinary General Meeting of our company held on November 14, 2008.
Mr. Jayesh Natvarlal Pithva Mr. Jayesh Natvarlal Pithva, 42 years, is a Executive Director of the Company. He is also a principal promoter of the company. He has a bachelors degree in Commerce from Mumbai University. He started his career as a steel merchant in Mumbai in 1990. He started his proprietary concern M/s. R Magan Lal & Company in 2005 and has been involved in the business of Forging of Steel Products ever since. He joined the Company as Executive Director on May 7, 2007 and has been the driving force behind the plant expansion and increased geographical presence of Rajputana Stainless Ltd during 2008-09. Mr. Jayesh Pithva is heading the marketing division of the company and specializes in International Marketing, Looking after the Mumbai Office of the company. Under his guidance the company has undertaken several modernizations and diversification programs successfully and economically. He has been last re-appointed as an Executive Director on our Board in the Annual General Meeting of our Company held on September 30, 2009.
Mr. Sundaram Ramamurthi Mr. S. Ramamurthi, 59 years, is a Non-Executive Independent Director of the Company. He has a Bachelors Degree in Arts (Economics) from University of Madras, a Masters Degree in Business Administration (Systems Management) from Jamnalal Bajaj Institute of Management Studies, Mumbai and is a registered Chartered Accountant with ICAI. He has also successfully completed Part I at Institute of Company Secretaries of India. He has extensive experience in the field of raising equity and debt including IPOs, Private Placements, FCCBs, Construction Finance, ECB, FDI, CCDs etc. His achievements include setting up and managing the procurement investment finance aggregating to $ 85 million for various international projects. Having held responsible positions in companies such as JN Marshall Group Pune, Anglo Thai Corporation- Recondo Limited, Shaw Wallace & Co. Ltd and the Piramal Group, he is currently working with the Marathon Group officiating as Executive Director Corporate Affairs. He joined the Company as an independent director on February 24, 2010.
Mr. Jashvant C. Patel Mr. Jashvant Patel, 51 years, is a Non-Executive Independent Director of the Company. He has a Bachelors Degree in Science (Chemistry) from the Gujarat University. He started his career with Gujarat Iron and Steel Company Limited (GISCL), Ahmedabad as a Quality Inspector. His job involved ensuring maintenance and continuous improvement of the quality and standards of the MS Round Bar, CWHSD, Twisted Bar, Railways Beaters, Flanges etc. His achievement in the GISCL was widely acknowledged amongst steel producers in the SME sector, and he later joined Malhotra Steel and Iron Gujarat Private limited as the Quality Control Manager and was associated in achieving higher quality of MS and Alloy Steel Ingots produced there. In 1980 he joined Mangalam Alloys Limited as Total Quality Manager and was in charge of implementing TQM philosophy and achieving Zero Error Products. His dedication towards his job, professionalism and technical expertise was recognized at Mangalam Alloys Limited and he was promoted as Director Technical. In 1991, he started his own Company He is currently involved in the business of trading of Steel Products. He joined the Company as an independent director on February 24, 2010.
Mr. Dilip Kumar Vyas Mr. Dilip Kumar Vyas, 55 years, is a Non-Executive Independent Director of the Company. He has done his schooling from Sainik School Jamnagar and M.Com (Management) from M.S Uni., Vadodra. He is also an alumnus of IIM, Ahmedabad. He is an Ex Group Captain and in the past has offered his services in various fields for the Indian Air Force. He has been the Commissioned Officer with Indian Air Force, and also worked as Chief Administrative / Personnel Officer / Stn Security Officer / Provost Marshal at Air Force stations. His achievements include being commended by the Chief of Air Staff twice for outstanding performance; he was a member of Indian Peace Keeping Force in Sri Lanka, 2 Air force Command tenures. He has also done advanced financial accounting operations and had 2 tenures as Command Financial Advisor and Controller. He was also the India Head for Crediterity Info Services, Bangalore, where he looked into the overall daily functioning as well as charting a course for the companys expansion, profitability and growth. He is currently working with ABB at a senior post. He joined Our Company as an Independent Director on February 24, 2010.
Gandhinagar, Gujarat, India
