Board of Directors
	Rakesh Jhunjhunwala	Chairman
	C.Y. Pal	Vice Chairman
	Asit Koticha	Director
	Utpal Sheth	Director
	Rajiv Agarwal	Director
	Pramod Khera	CEO & Managing Director
	R. Krishnan	Executive Director
	Ramesh S. Damani	Director
	Yash Mahajan	Director
	Vijay Aggarwal	Director
	Ashish Pant	Director
	Ninad Karpe	Director

Rakesh Jhunjhunwala, is a partner in his asset management firm, Rare Enterprises. He is a Chartered Accountant by profession and is one of the better known equity investors in India. He has been a keen and active participant in Indian Capital Markets since 1985. He has been profiled as one of India’s best five investors by Business India magazine in 1998. His views are constantly sought after by the media and he regularly interacts and shares his opinions with the investing community. He is also on the Board of Bilcare Ltd., Concord Biotech Ltd., Geojit Financial Services Ltd., Innovasynth Technologies (I) Ltd., Mid Day Multimedia Ltd., Nagarjuna Construction Co. Ltd., Praj Industries Ltd., Prime Focus Ltd., Provogue India Ltd., Viceroy Hotels Ltd. and Tops Security Ltd., among others.

C.Y. Pal, is the Chairman of Renfro India Pvt. Ltd. He possesses a Bachelors Degree in Mechanical Engineering from Delhi University. He is also the President of the Franchising Association of India - a body affiliated to the World Franchising Council. In 1991 – 92, he was the President of the prestigious Bombay Chamber of Commerce and Industry and was also a member of the Management Committee of ASSOCHAM for many years. He was with Hindustan Lever Ltd. in a number of senior positions for 17 years. He has been associated with Cadbury India Ltd. as Managing Director for over 10 years and is currently their Non-Executive Chairman. He is also on the Board of Shriram Pistons & Rings Ltd. and United Breweries Ltd.

Asit Koticha is the Managing Director of ASK Raymond James Securities India Private Limited, which deals with Institutional Brokerage, Investment Management and Corporate Finance related activities. He possesses a Bachelors Degree in Commerce from Mumbai University. He brings with him over 20 years of rich experience in equity research and extensive contacts in the industry. Along with his brother, he started ASK Investment & Financial Consultants Pvt. Ltd. in 1983, which got subsequently partnered with Raymond James Financial Inc. of U.S.A. and came to be known as ASK Raymond James Securities India Private Limited. He has also been involved in providing research based portfolio management services for high networth individuals.

Utpal Sheth, is the Chief Executive Officer of Rare Enterprises, the asset management firm of Mr. Rakesh Jhunjhunwala. At Rare Enterprises, he is responsible for Investment Management, Risk Management and Institutionalization. He is a Cost Accountant and Chartered Financial Analyst from ICFAI, Hyderabad (a Gold Medalist at an all India level). In 1991, he was the Director of Insight Asset Management (India) Pvt. Ltd., - an equity research and portfolio advisory firm and HRS Insight Financial Intermediaries Pvt. Ltd. – a broking firm. In 2001, he was the Principal Relationship Manager of investment banking with Enam Financial Consultants Pvt. Ltd.

Rajiv Agarwal, graduated in Chemical Engineering from the Institute of Technology, Benares Hindu University in 1993. Presently he is associated with Rare Enterprises, an asset management firm promoted by Mr. Rakesh Jhunjhunwala and is focused on growing Rare Enterprises’ strategic investments in diverse sectors - healthcare delivery, hospitality and oil drilling. He is also responsible for providing strategic inputs to Viceroy Hotels. Mr. Agarwal was associated with Aptech as a Consultant for the last 10 months wherein he had provided strategic inputs to the Company. He is a Director on the Board of Core Hospitals, Hyderabad. Prior to December 2005, Mr. Agarwal was with Accenture, a global management and technology consulting firm, for over 12 years and was responsible for sales and delivery of Strategy and Operations consulting work. He has also worked with other Companies in India, UK, UAE and Indonesia.

Pramod Khera, is the Chief Executive Officer and Managing Director of Aptech Limited and has over 20 years of experience in the IT Industry. He is particularly strong in franchising, product management and international expansion. He has a Bachelors degree in Engineering from IIT Delhi and a PGDM from IIM Bangalore. He has authored “Franchising – The Route Map to Rapid Business Excellence”. He joined the Aptech Board in 1998 and has led Aptech as its CEO and MD since 2001. Previously, he has been the CEO of Tele-Shopping Network.

R. Krishnan is a B Tech in Electrical Engineering from IIT Bombay and a PGDM from IIM Calcutta. He currently heads the Domestic Retail and International Businesses of Aptech. He has over 23 years of experience of which 14 years have been in the education field. He has also worked with organizations like Jasubhai Digital Media, BPL Sanyo Utilities and Appliances Ltd and Crompton Greaves Ltd.

Ramesh S. Damani is a Member of the Bombay Stock Exchange Limited and is one of the well-known faces of the stock broking community in India. He has been a Broker for over 16 years. He has done his Bachelors Degree in Commerce from HR College in Mumbai and has a Masters Degree in Business Administration from California State University, Northridge. Today, he is a well known host of the TV Show “Wizards of Dalal Street” on CNBC TV18 and is a frequent commentator on financial issues on CNBC and NDTV News. He also hosts a weekly chat show on Moneycontrol.com.

Yash Mahajan is the Vice Chairman and Managing Director of Punjab Tractors Ltd. and Swaraj Mazda Ltd. He is the Chairman of Swaraj Engines Ltd. and Swaraj Automotives Ltd. He has provided outstanding leadership to all these companies for the last two decades. He is a Commerce Graduate and a Fellow Member of the Institute of Chartered Accountants of England and Wales. He is the recipient of “Marketing Man of the year” awarded by Institute of Marketing & Management in 1979. He is also on the Board of Pidilite Industries Limited.

Vijay Aggarwal is the Managing Director and CEO of H & R Johnson (India) Limited, India’s No. 1 Tile Company. He graduated from IIT Delhi with a B.Tech. in Electrical Engineering and thereafter completed his MBA degree from IIM Ahmedabad, where he was conferred the gold medal honour for being the first ranker. He was the Chairman of the Indian Council of Ceramic Tiles and Sanitaryware (ICCTAS), the apex body of tile manufacturers in India, from 2003 to 2005 and is on the Managing Committee of The Bombay Chamber of Commerce & Industry. He is also on the Board of Exide Industries Ltd., Prism Cement Ltd., Asianet Satellite Communication Ltd., RMC Readymix India Pvt. Ltd. and BAL Endura Adhesives (India) Pvt. Ltd. among others.

Ashish Pant, is the Managing Director of Farallon Capital Management, California and manages a portfolio of global investments for Farallon Capital Management (US $ 15 billion Investment Fund). Mr. Pant graduated with Honors from the University of Delhi with B.A. in Economics. He completed his Post Graduate Diploma in Management with specialization in finance from IIM and had done his M.B.A. from Harvard University where he was elected as Baker Scholar. Earlier he was the Vice President of Research at Altgate Capital, Inc. He had also worked as an Investment analyst at Oaktree Capital Management and Morgan Stanley India Securities Private Limited.

Ninad Karpe is Managing Director, CA India & SAARC. Mr. Karpe has been associated with CA India since the company’s inception in the country. He has held numerous management responsibilities in CA India that include setting up offices in India, managing marketing, PR, technical services, HR, operations and finance. In his capacity as Managing Director of the Indian operations of the world’s fourth largest software company Ninad’s responsibilities include driving the adoption of CA’s technology, broadening and strengthening strategic partnerships in India. Prior to being in C&S, Ninad was Executive Director of CA India. Prior to responsibilities at CA and (C&S), Ninad was a consulting specialist for companies seeking to invest in India. He has also authored several books on strategy, taxation and foreign investment in India and contributes regularly to newspapers, magazines and journals.