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Board of Director

Mr. Arun Duggal

Independent Director & Chairman

Mr. Arun Duggal is a mechanical engineer from The Indian Institute of Technology, Delhi, MBA from the Indian Institute of Management, Ahmedabad and has also been awarded with the Distinguished Alumnus Award

He is an expert in international finance and has had over 26 years of experience with Bank of America, mostly in the U.S., Hong Kong and Japan. Some of his previous assignments were, as the Chief Executive Officer of the Bank of America in India from 1998 to 2001. From 1981-1990 he headed the Bank of America’s (oil & gas) practice handling relationships with companies such as Exxon, Mobil, etc. From 1991-94 as Chief Executive of BA Asia Limited, Hong Kong, he looked after Investment Banking activities for the Bank in Asia. In 1995, he moved to Tokyo as the Regional Executive, managing Bank of America’s business in Japan, Australia and Korea. From 2001 to 2003 he was the Chief Financial Officer of HCL Technologies, India.


Mr. Sunil Sethy


Mr. Sunil Sethy is a Fellow Member of the Institute of Chartered Accountants of India (1974).

He is a Finance professional having 40 years of experience in different companies out of which 29 years in Finance discipline and 11 years as MD / CEO. He was holding the position as Vice Chairman & MD in Binani Industries Ltd, Finance Head / MD in Chambal Fertilizers & Chemicals Ltd, Director (Finance) in Eternit Everest Ltd, Controller of Finance in PSI Data Systems Ltd. He was director in Paradeep Phosphates Limited and Simon India Limited. He has held important positions in many other companies.


Mr. Akshay Poddar


Mr. Akshay Poddar holds Honors in Accounting and Finance from London School of Economics and Political Science, University of London

Over 14 years of track record of promoting and managing businesses in diversified industries like fertilizers, agri-inputs, heaving engineering, sugar, consumer products, real estate, investments and furniture etc.


Mr. N. Suresh Krishnan

Managing Director

Mr. N. Suresh Krishnan holds B.E (Hons.) and M.Sc. from BITS (Pilani).

With 28 years of corporate experience in fertilizer, energy and cement sectors, he has been associated with the Adventz Group for over two decades and has been widely acknowledged for his leadership, vision and commitment.

His functional experience spans corporate finance, corporate strategy, projects planning, operations and business development.

Over the years, he has been instrumental in financing of large Greenfield projects in the domestic and international markets, forging and managing joint ventures and acquisitions and in executing turnaround strategies alongside day-to-day operations in the manufacturing sector. He is on the Board of Directors of several Adventz Group companies and joint ventures..

Mr. N Suresh Krishnan has taken over as Managing Director of the Company from January 1, 2016.


Mr. Prasanna

Independent Director

Mr. Prasanna has served in executive positions for over 30 years, most of it as CEO, MD, Executive Chairman and grown companies to leadership position in Information Technology, Healthcare, Education and Life Science sectors. His contribution in Wipro where he was Vice Chairman was in strategy and developing high talent teams. He was CEO of GE Medical in South and SEA and helped GE become number one by creating markets through frugal innovation. In Manipal Group he raised aspiration levels and saw the group achieve high rank in the fields of Education and healthcare. He served GE in Asia and USA and contributed to its global competitiveness

His entrepreneurial foray was in the field of Pharmaceutical services As the lead investor and CMD, he built a Clinical Research Organization(CRO) which brought new drugs market in stem cells, medical devices biologics and generics This CRO became leading Indian clinical CRO with highest reputation for quality and speed and had operations in 27 countries in Europe and Asia.

He has served as an Independent Director on the Boards of Shasun Pharma, Take Solutions, Four Ways Healthcare PLC, served as Chairman of GE-BEL, Ecron Acunova GmbH, as Director on GE Yokogawa Japan, GE-Samsung Korea, Manipal Gp, Manipal Hospitals, Manipal University and is reputed for contributing to strategies & building new stakeholders. He served as an independent Trustee on Shriram Ownership Trust the apex organization of Shriram group.

He served on Public Policy advocacy organizations like Center For Policy Research for over a decade. He has mentored startups and portfolio companies of international funds. He is strategic Advisor to InnAccel, a leading med-tech accelerator.

He has served as Chairman of Association of CROs . He is member of: Vision Group on Biotechnology, Karnataka; Biotechnology National Council and Pharmaceutical National Council of CII (Confederation of Indian Industry). He has mentored CEO and woman with potential to serve on Board of Directors

He has deep interest in Public Health, Education, History and has currently several initiatives in these fields.

He is an alumnus of IIM Ahmedabad & GE Business Leadership Program at Crotonville.


Mrs. Rita Menon

Independent Director

Mrs. Rita Menon holds M A (Economics) from Delhi School of Economics.

She is a retired IAS officer of 1975 batch. In her career as IAS officer she has worked in various positions like CMD of ITPO, Chairperson of TNTPO & KTPO, Joint Secretary to Secretary Positions at various Central Ministries, MD of UP Finance Corporation, Director at various central and private sector undertakings like BEL, GRSEL, Goa Shipyard Ltd, Mazagaon Dock Ltd, SIDBI etc.


K Prabhakar Rao


Mr. Prabhakar Rao,has been working with MCF since 1978 and has handled various responsibilities in the Company. As Director – (Works), he is presently responsible for production, maintenance, quality control, technical services, projects, safety and logistics at the Company’s plant in Mangalore.

Mr. Rao has widely travelled and participated in many National and International symposiums. He has attended various Management Development Programs in premier Institutions such as IIM Bangalore & Ahmedabad.


Mr. Dipankar Chatterji


Mr. Dipankar Chatterji is a Chartered Accountant by profession and is a senior partner in L B Jha & Co., Chartered Accountants, who are engaged in Consultancy, Audit and Assurance, or Tax and other Compliance Services. He is on the Board of four nationalised banks, a public sector mutual fund, an associate company of State Bank of India, has been nominated on the boards of various companies by Banks / Financial Institutions.

He is Vice-President of one of the top 10 B Schools in the country. He was appointed by RBI as a member of the Padmanabhan Committee set up to review RBI's supervision over Banks. He was a member of the Central Council of the Institute of Chartered Accountants of India and Chairman of the Auditing Practices Committee of the Institute of Chartered Accountants of India.


Mr. Shashi Kant Sharma

Independent Director

Mr. Shashi Kant Sharma is a retired IAS (1976 batch). He served as the Comptroller and Auditor General (CAG) of India from 23/05/2013 to 24/09/2017. Before that, he was the Defense Secretary, Government of India. He was also the Secretary, Department of Financial Services (Ministry of Finance) and Secretary, Department of Information Technology (Ministry of Telecommunication), in the Government of India.

In his capacity as CAG of India, Mr. Shashi Kant Sharma was elected by the General Assembly of the United Nations as a Member of UN Board of Auditors in July, 2014, and was chairing the UN Board of Auditors.

Mr. Sharma was active on the Governing Boards of the International Organization of Supreme Audit Institutions (IN10SAI) and the Asian Organization of Supreme Audit Institutions (ASOSAI). He was chairperson of the INTOSAl's Knowledge Sharing Committee and Working Group on Information Technology. He chaired the 13th Assembly of the ASOSAI (Kuala Lumpur, 2015) and the Commonwealth Auditors General Conference (Delhi, 2017). He has extensive experience in leadership roles in the Ministry of Defense, India. He was the Defense Secretary of lndia between July 2011 and May 2013, and prior to that, the Director General (Acquisitions) and Joint Secretary.

He has masters' degree in Political Science from Agra University (India) and M.Sc. in Administrative Science and Development Problems from the University of York (the UK). In June 2016, he was conferred an Honorary Professorship at Nanjing Audit University, China.