The Board of Directors of AMC comprises eminent personalities with varied experience, details are as given below:
Mr.V.P.Shetty is the chairman of JM Financial Asset Management Limited. He has worked for nearly 39 years in various positions in 4 major nationalized banks. He has also worked as Chairman and Managing Director in 3 banks, i.e. UCO Bank, Canara Bank and IDBI Bank. He was the Chairman of AMC in Canara Bank for a short period.
Mr. Rajendra P Chitale is a Chartered Accountant by profession and is associated with M/s. M. P. Chitale & Co., Chartered Accountants as a Managing Partner. He is on the Board of JM Financial Asset Management Limited as an independent director. He is also a director on the Board of various companies.
Mr. Darius Pandole is an associate director on the Board of JM Financial Asset Management Limited. Mr. Pandole has held senior positions at Duke & Sons Limited, IndAsia Fund Advisors Pvt. Ltd, IDFC Asset Management Company Limited and is currently a Partner at New Silk Route Advisors Pvt. Ltd. He was the Indian junior national squash champion and has represented the country at various squash tournaments. Mr. Pandole is the MD & CEO of JM Financial Investment Managers Limited. He is also a director on the Board of various companies.
Mr. G. M. Ramamurthy is an independent director on the Board of the AMC. Mr. G. M. Ramamurthy served IDBI for over 27 years and retired as Executive Director (Legal). He practiced law for over eight years in civil courts. Before assuming charge as Executive Director, he worked at different levels in the legal department of IDBI and handled all legal issues relating to lending and recovery of loans. During his tenure he also effectively handled the NPA Recovery portfolio in addition to catering to corporate legal affairs, the performing loan portfolio. Mr. Ramamurthy was a member of the Empowered Committee of IDBI, which accorded approval for financial assistance up to Rs. 10 crore and negotiated settlements/ one- time settlement of outstanding financial assistance with defaulting borrowers. Mr. Ramamurthy was chairman of Secondary Market Operations Committees that default with short term investments and disinvestments in the stock market. Mr. Ramamurthy also served as Chairman of the Corporate Debt Restructuring empowered Group, set up under the Corporate Debt Restructuring Mechanism by the Reserve bank of India. He had been director on the board of companies engaged in the business of depository, custodian, registrar and transfer agent, real estate financing, asset reconstruction and manufacturing.
Mr. V. P. Singh is an independent director on the Board of the AMC. He has around 40 years of experience in financial sector institutions including Reserve Bank of India and leading Development Banks in India and Tanzania. Mr. Singh was Chairman and Managing Director of IFCI and non-executive Chairman of Tourism Finance Corporation of India Ltd and IDBI Capital Market Services Ltd. He was also director of many companies including National Stock Exchange of India Ltd, IDBI Bank Ltd and LIC Housing Finance Ltd. He was also a trustee of IDBI Mutual Fund during February 1998 to September 2001.