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Our Board Evaluation Service offers comprehensive and customised assessments
Know MoreBased on IOD’s ‘10 Pillars’, a review of the Governance setup including structures
Know MorePublic Interest Director (PID) and Independent External Person (IEP) Evaluation
Know MoreEnables the organisation and the board to understand, if diverse composition
Know MoreA third-party enabled 360-degree feedback of the KMPs aims to enable development
Know MoreA Journey of Continuous Improvement
Explore our Board Advisory Services
Board Advisory services provide expert guidance and recommendations to boards of directors and senior executives. These services are often delivered by experienced professionals with extensive knowledge in governance, strategy, risk management, and specific industries.
Board advisory services are an essential component of effective corporate governance and strategic decision-making. They involve providing independent, expert advice and guidance to corporate boards of directors, executive teams, and senior management. The primary objective of board advisory services is to enhance the performance, efficiency, and overall effectiveness of an organization by leveraging the expertise and experience of external advisors.
The Board Research and Advisory Wing is committed to providing organisations with full-service, specialised Board Advisory services. We work directly with boards of directors, executive teams, and senior management to improve their decision-making processes and overall effectiveness as a team of seasoned professionals with significant expertise in corporate governance.
Independent Director at CDSL, ILFS, City Union Bank Limited, India International Bullion Exchange IFSC Limited
Independent Director
Essar Oil & Gas Exploration & Production Limited
Former Director Exploration & CMD, ONGC; and former Senior Advisor-Exploration, Vedanta Limited
CEO & MD at Galaxy Health Insurance Company; Independent Director at Inxchange; former CMD, United India Insurance Company Ltd. & The New India Assurance Co.
Trustee & Chair IT Strategy Committee on the Board of NPS Trust
Our prestigious clientele features some of the world's largest and most successful companies, as evidenced by their top positions in market capitalization rankings. We have played a pivotal role in constructing and nurturing some of the most successful boards globally, enabling them to boost their efficiency, leverage their diverse strengths, and optimize their contributions to companies, shareholders, and society.
The Value in Board Evaluations: Turning Ideas into Action through Board Evaluations
Board Evaluation: A Tool For Good Corporate Governance
Achieving Excellence in a New Era of Corporate Governance
Evaluating Directors & Board Effectiveness
Enhancing the Role of Governance Professionals
Cognitive Diversity and Board Performance
Building Better Boards: Assessing Board and Corporate Performance
SEBI on Performance Review of Public Interest Directors (PIDs) & Independent External Persons (IEPs)
SEBI Guidance Note on Board Evaluation, 2017
ICSI Guidance Note for Board Evaluation, 2017
OECD G20 Principles for Corporate Governance, 2008
Gurumoorthy Mahalingam
Independent Director at CDSL, ILFS, City Union Bank Limited, India International Bullion Exchange IFSC Limited
Independent Director at DSP Pension Fund Managers Private Ltd., Care Rating Ltd, Central Depository Services (India) Ltd., and City Union Bank Limited, India International Bullion Exchange IFSC Limited
Mr. Mahalingam with more than 4 decades of experience, is a former Whole-Time Member at the Securities and Exchange Board of India (SEBI), where he was involved in regulating securities and protecting investor interests. Mr. Mahalingam currently serves on the boards of Central Depository Services (India) Limited, City Union Bank Limited, et al. Before his tenure at SEBI, he was the Regional Director for the Reserve Bank of India, overseeing banking operations and policy implementation in the region.
Qualifications: Shri Gurumoorthy Mahalingam (Mahalingam G) holds a Master’s Degree in Science (Statistics) from Indian Institute of Technology, Kanpur and a Master’s degree in Business Administration (International Banking and Finance) from the University of Birmingham.
Dr. Punita Kumar Sinha
Independent Director
Bharat Financial Inclusion Ltd. and One Mobiwik Systems Et al.
Dr. Sinha has more than three decades of experience in investment management and financial markets. She is serving as an Independent Director on various Boards including, Lupin, Tata Capital, Aadhar Housing Finance, Ventive Hospitality, TATA Asset Management, Embassy Office Parks Management Services, Paradigmarq Advisors, Bharat Financial Inclusion, One Mobiwik Systems, Classic Legends and Metahelix Life Sciences. She chairs the Investment Subcommittee of CFA Institute and is also the Chair of the Investment Advisory Board of IIT Delhi.
Qualifications: She holds a PhD, and a Master’s degree in Finance from the Wharton School, University of Pennsylvania. Her undergraduate degree is in Chemical Engineering from IIT, New Delhi. She is a CFA charter holder, and a member of CFA Institute.
Rajesh Kumar Srivastava
Independent Director
Essar Oil & Gas Exploration & Production Limited
Former Director Exploration & CMD, ONGC; and former Senior Advisor-Exploration, Vedanta Limited
Mr. Srivastava is a seasoned petroleum geologist with over 40 years of experience, including 38+ years at ONGC. Mr. Srivastava has held pivotal leadership roles such as Director (Exploration), CMD (Additional Charge), and Director-HR (Additional Charge) at ONGC. He has also served as Principal Technical Advisor to DG-DGH, and Senior Advisor-Exploration at Vedanta Ltd. Currently, he serves on the Board of Essar Oil & Gas Exploration & Production Limited as an Independent Director.
He was awarded with National Mineral Award (Govt. of India, 2007), and ONGC Chairman’s Award (Geologist of the Year, 2001).
A visionary leader with a proven track record in hydrocarbon exploration, energy transition, and corporate governance, Mr. Srivastava continues to drive innovation in India’s oil & gas sector.
Qualifications: M.Sc. (Geology), Lucknow University; M.Tech. (Engineering Geology) – IIT Kanpur; Diploma in Non-Executive Directorship – Financial Times, UK; Advanced Management Programs – IIM Kolkata, Harvard Business School
Ravindra Pandey
Independent Director
on Multiple Boards
(Welspun Specialty Solutions, Welspun Corp, Jamipol et al.)
former Dy. MD, State Bank of India
Mr. Ravindra Pandey has done M.Sc. from University of Allahabad and CAIIB from Indian Institute of Bankers. He has also attended executive Management program at IIM, Lucknow and Euromoney, London.
Mr. Pandey is a senior banker; superannuated as Dy. Managing Director of State Bank of India (SBI) after a stellar career spanning 37 years with SBI; with proven track record in top leadership roles in domestic and international assignments. He has in-depth knowledge and skill in shaping, nurturing and leading a strong organization. He is also a digital strategist, led adoption of emerging, disruptive and innovative processes/technologies to enable business transformation.
Mr. Pandey had served on the Board of large and highly reputed organizations. At present, he is on the Board of large and diverse listed /unlisted companies including Manufacturing, NBFCs, Hospitality sectors. He is providing valuable strategic guidance in the areas of Business Strategy, Risk Management, Digital Transformation, Audit & Compliance, ESG culture etc and sets highest standards of Corporate Governance in these companies.
Dr. Manoj Vaish
Independent Director
GHCL, GHCL Textiles &
Mirae Asset Trustee Company
Dr. Vaish brings over 30 years of experience in Financial & Capital Markets. He currently serves as the Lead Independent Director and Chairman of the Audit Committee, and is a Member of the Nomination and Remuneration Committee at GHCL Ltd. Dr. Vaish is also an Independent Director on the Board of Mirae Asset Trustee Company Private Limited, participating actively in its Audit Committee. He chairs SEBI’s Working Group to streamline the role and obligations of Trustees of Mutual Funds, influencing significant regulatory reforms. His past roles include serving on SEBI's Committee on Corporate Governance (Narayan Murthy Committee), among various high-level committees.
Qualifications: (Hon.) from S.R.C.C. Delhi, an M.B.A. in Finance from F.M.S., Delhi University, and a Ph. D.
Rajnickant Patel
Former MD & CEO
Bombay Stock Exchange (BSE) & Indian Commodity Exchange (ICEX)
Independent Director of Melstar Information Technologies Ltd.
Mr. Rajnickant Patel is a distinguished leader in the financial services sector with an illustrious career spanning more than 4 decades. A visionary and strategist, Mr. Patel has held esteemed positions, including MD & CEO of the Bombay Stock Exchange (BSE) and the Indian Commodity Exchange (ICEX).
Among his landmark achievements is leading the corporatization of BSE, transforming it into a globally recognized institution with billion-dollar valuations. His profound experience includes Reserve Bank Of India, MNC Bank, Nationalised Banks, Capital Markets, Commodity Markets, and Corporate Strategy, making him a luminary in the Financial Sector. Mr. Patel’s governance acumen is evident in his advisory role to corporate boards & leading enterprises, where he fosters integrity with ethical practices and innovation to guide business leaders to success. He is Founder Chairman of Intellidea Group and Director of many other companies.
On the global landscape, he has represented India as Chairman of the South Asian Federation of Exchanges (SAFE), Director of the World Federation of Exchanges (WFE) and as a keynote speaker and thought leader, reinforcing his influence in shaping financial policies. His Awards & Recognition include Brand Guardian of BSE as a Business Super Brand, Indira Super Achiever Award, Distinguished Fellow of the Institute of Directors, London, IT People Award for Innovation and more. With a legacy built on excellence, innovation, and strategic foresight, Mr. Patel continues to inspire and lead with unwavering commitment, driving progress and transformation across industry segments.
Qualifications:
G. P. Madaan
Managing Partner
Madaan Law Offices, Advocates & Solicitors
Mr. Madaan comes with a vast practical experience of more than 3 decades in the Corporate, Legal, Secretarial, Capital Markets, Financial and Managerial Disciplines and his law firm specializes into Corporate Legal Advisory, Arbitration and Litigation (High Courts and NCLT).
An alumnus of SRCC (DU), a law graduate from Campus Law Centre (DU), a fellow member of ICSI, diploma holder in Labour Laws and Corporate Laws & Management, Mr. Madaan has addressed more than 1000 Conferences and Seminars organized by various Professional Bodies, Industry Associations, Ministries & Universities on orientation of Boards and members of Senior Management on diversified subjects prominent being Companies Act, Corporate Governance, Board Practices & Procedures, CSR, Independent Directors, LODR, NCLT, IBC and POSH.
Mr. Madaan has been the Chairman of ICSI–NIRC in 2005 and Co-Chairman of National Council for Mergers & Acquisitions of ASSOCHAM for 7 long years and member of various committees of PHDCCI, ASSOCHAM.In more than 100 cases under IBC, 2016, Mr. Madaan has acted as Legal Counsel and Advisor to many Corporate Debtors, Financial Creditors and Operational Creditors, Resolution Applicants, Resolution Professionals and Liquidators. He has also represented many clients in various meetings of Committee of Creditors and Stakeholders’ Consultation Committee during CIRP and Liquidation Process respectively.
A Regular Faculty at Institute of Directors for its ‘Masterclass for Directors’ and for Training Programs for Proficiency Test for Independent Directors, Mr. Madaan has written various articles on different subjects for professional magazines and web portals.
Nagesh Pinge
Independent Director
Utkarsh Small Finance Bank and Arvind Fashions, Arvind Ltd.
Mr. Pinge has over 37 years of experience in Ethics, Corporate Governance, Risk Management, and Internal Audit. He serves on the boards of multiple prominent companies, including Automobile Corporation of Goa, Utkarsh Small Finance Bank, Hero Housing Finance, Goa Carbon, Arvind Fashions. Mr. Pinge has been honored with notable awards like the “ACIIA” and “ICAI” for his contributions to the field. He actively contributes to the industry by teaching at the "Masterclass for Directors" for the Institute of Directors in India, fostering leadership and ethical business practices.
Qualifications: A Chartered Accountant and Law Graduate
G. Srinivasan
CEO & MD at Galaxy Health Insurance Company; Independent Director at Inxchange; former CMD, United India Insurance Company Ltd. & The New India Assurance Co.
Mr. Srinivasan with experience of almost four decades has held significant leadership roles, including Chairman cum MD of United India Insurance Company Limited and the New India Assurance Company Limited, leading major insurance firms through periods of growth and change. He serves as an Independent Director at Inxchange, contributing his vast experience in the insurance sector to the company's strategic direction. He is a former CMD, United India Insurance Company Ltd. & The New India Assurance Co.
Qualifications: A bachelor's degree in commerce from the University of Madras. Fellow member of the Institute of Cost Accountants of India (ICMAI), and Federation of Insurance Institutes.
M. B. N. Rao
Independent Director at Apollo Hospitals, Taj GVK Hotels and Resorts, & CRISIL Ratings
Mr. Rao with 38 years of experience is the former Chairman & MD of Indian Bank and Canara Bank, showcasing significant leadership in India's banking sector. He currently serves as on the boards of several prominent organizations, including, Taj GVK Hotels & Resorts, and Apollo Hospitals, HRFC ERGO Health Insurance, MMTC PAMP India. And CRISIL Ratings. Previously, he was the Chairman of the Indian Banks Association and held leadership roles at Indbank Merchant Banking Services Ltd. and Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd. He has served on the Boards of Exim Bank, General Insurance Corporation Ltd, and other major corporations as a nominee Director of the Government of India. Mr. Rao has been involved in various capacities such as Member of the Board of Supervision at NABARD, Member of the Board of Governors at the National Institute of Securities Markets, and on the Corporate Governance and Audit Committee of The Hong Kong and Shanghai Banking Corporation Ltd., India.
Qualifications: Graduate in Agriculture and an Associate of the Chartered Institute of Bankers and a Fellow of the Indian Institute of Banking and Finance.
V. A. George
Independent Director at Belstar Microfinance Limited & Muthoot Finance Limited; Whole-Time Director at Thejo Engineering Limited
Mr. George is the Whole-Time Director of Thejo Engineering Limited, based in Chennai. He previously served as the Chairman of the Equipment Leasing Association of India and was a Member of the Advisory Committee of the RBI, illustrating his influence and engagement in broader industry issues. Mr. George is a certified director in corporate governance from INSEAD, Paris, reflecting his commitment to leadership and ethical business practices.
Qualifications: He holds a bachelor's degree in Mechanical Engineering and a master's degree from the International Institute for Management Development, Lausanne. He has enhanced his expertise through management programs at Harvard Business School and Stanford Graduate School of Business.
Prof. Colin Coulson-Thomas
Director General UK &
Europe Operations, IOD, India
President, Institute of Management Services, UK; Advised boards in over 40 countries
Prof. Coulson-Thomas has advised directors and boards in over 40 countries. He is the Director-General of IOD India, UK, and Europe Operations and is the President of the Institute of Management Services, UK demonstrating his leadership in key professional organisations. He holds prestigious positions such as Honorary Professor at Aston University, Visiting Professor at Lincoln International Business School, and Distinguished Professor at Sri SIIM, where he is also the President of the Council of International Advisers. He received a CSR Lifetime Achievement Award at the 2018 CSR Leadership Summit, acknowledging his extensive contributions to corporate social responsibility. He has assisted directors in over 40 countries to enhance director, board, and corporate performance, showcasing his global impact on corporate governance. He is the author of over 60 books and reports on governance, strategy, and leadership, making significant contributions to the literature in these fields.
Hitender Mehta F.C.S., F.C.A., LL.B.
Managing Partner
Centrum Legal;
Member, Central Board of Trustees, EPFO,
Ministry of Labour & Employment, GOI
Mr. Mehta is a distinguished legal professional with nearly 30 years of experience in corporate laws, an eminent Author and acclaimed expert on SEZs (Special Economic Zones) and LLPs (Limited Liability Partnerships). He currently serves as a Member of the Central Board of Trustees, EPFO, under the Ministry of Labour & Employment, Government of India. Additionally, he is the Co-Chair of the National Council on SEZs and Industrial Parks at ASSOCHAM and a Member of the MCA Expert Group on the Companies Bill, 2011/2013. As the Managing Partner of Centrum Legal, Mr. Mehta brings extensive expertise in Corporate Governance, Business Restructuring, Legal Due Diligence and Risk Management, Compliance Management, IPOs, IBC, Labour Laws, FEMA, etc. Before founding Centrum Legal, he was a Partner at Vaish Associates Advocates for over 12 years and was handling Corporate and Legal advisory matters. He also held key managerial roles in legal, secretarial, and finance functions across Indian and multinational corporations, including Telstra V-Comm, Machino Basell India Ltd., and Malana Power Company Ltd. A sought-after speaker at national and international forums, Mr. Mehta’s insights are also published by Taxmann, Commercial Law Publishers, and Wolters Kluwer India.
Qualifications: Fellow Member of ICSI & ICAI and holds an LL.B. degree from the University of Delhi.
Arun Balakrishnan
Non-Executive Independent Director at WAISL Limited; Independent Director, Haldia Petrochemicals Ltd. and Yokogawa India Limited
Mr. Balakrishnan have 49 years of work experience. He was the former CMD of Hindustan Petroleum Corporation Ltd (HPCL) and Founder Chairman of HPCL-Mittal Energy Ltd (HMEL). His exemplary service and professional excellence have been recognized with “The Distinguished Alumni Award 2008” from IIM Bangalore, acknowledging his significant contributions to the industry and academia.
Qualifications: A chemical engineer from Calicut University and holds a postgraduate degree in management from the Indian Institute of Management (IIM), Bangalore, Class of 1976.
Sujatha Chandrasekaran
Independent Director at American Eagle Outfitters, Cardinal Health and Atos
Ms. Chandrasekaran with an experience of two and a half decade, is an accomplished executive with extensive experience in P&L management, global business operations, strategy, and transformation. She serves on the boards of several public companies including American Eagle Outfitters, Cardinal Health, Atos, as well as the Supervisory Board of Brenntag SE. She has led global businesses across healthcare, retail, consumer goods, supply chain, and industrial manufacturing, with revenues ranging from $3B to $500B. She is recognized as an industry expert in digital business models, strategies, consumerization, digital platforms, and artificial intelligence. In addition to her board roles, she advises private equity-backed Agendia Inc., bringing her strategic insights to various sectors.
Qualifications: She has completed Bachelor of Engineering, Electrical and Electronics Engineering from University of Madras, MBA (Finance) from Monash University, Directors Consortium from Stanford University and Executive Management Program from London Business University.
Suresh Thawani
Former Managing Director
Tata Sponge Iron Limited
Mr. Thawani is a seasoned metallurgist with over 47 years of techno-commercial experience, including 41 years within the Tata Group, showcasing his deep expertise in the industry. He has held several significant positions such as CEO & Managing Director of Tata Sponge Iron Limited and JAMIPOL Limited, as well as CEO of Neelachal Refractories Limited, all under the Tata Group. His governance experience spans over 13 years in various board roles, including Executive Director at Standard Chrome Limited and Nominee Director at the Industrial Development Corporation of Odisha. Under his leadership, Tata Sponge Iron achieved its highest-ever profits for six consecutive years and received the world's first TPM award for a sponge iron company, setting industry benchmarks. He was graduated from IIT Kharagpur in 1972 and enhanced his leadership skills through a CEO Coach Accreditation program with the Coaching Foundation of India, Chennai in 2011.
Dr. Santosh Kumar Mohanty
Trustee & Chair IT Strategy Committee on the Board of NPS Trust
Dr. Mohanty is currently serving as a Trustee on the Board of the National Pension System Trust and chairs its IT Strategy Committee.
He has 38 years of professional experience, his career spans across industry, academia, and research, indicating a broad and impactful expertise. He holds a PhD in Mathematical Sciences and an MS in Computational Mathematics from Northern Illinois University, IL, USA, emphasizing his strong foundation in quantitative and analytical fields. Dr. Mohanty was the ICT Industry Strategy Officer at the World Economic Forum for six years and has been recognized as a leading IP strategist on the IAM Strategy 300 List for seven consecutive years. He has ten granted patents to his name as an inventor and has received several accolades, including the LESI President’s 2018 Service Recognition Award and the GIPC 2019 Award of Excellence in innovation and IP. His contributions are also published in numerous international journals, furthering knowledge in technology and business management.
