annual-report-FY2020

MAHINDRA & MAHINDRA LIMITED 23 Mr. Gurnani’s endeavours are self-explanatory which won him numerous accolades that include winning Gold at the CEO World Awards 2018 for his Organization’s Wide Reskilling Initiative and the Business Today ‘Best CEO’ Awards 2019 in the IT & ITES category. His clinical leadership strategies have always been honoured at various platforms over the years counting in the ‘Asia One Global Indian of the Year - Technology’ in 2016, ‘Best CEO of the Year’ at the Forbes India Leadership Awards in 2015, Business Standard ‘CEO of the Year’ in 2014, Ernst and Young ‘Entrepreneur of the Year, CNBC Asia’s ‘India Business Leader of the Year’, Dataquest ‘IT person of the Year’ - in 2013. Mr. Gurnani strongly believes in promoting child education. He is an active member of the Tech Mahindra Foundation – launched in 2007 to help the underprivileged children with 1,16,000 beneficiaries & counting. Mr. Gurnani along with his wife Anita, have founded ‘Titliyan’, an NGO located in Noida spreading smiles, happiness and education to more than 240 under privileged children – a dream project for the Gurnanis. This is definitely a perfect culmination of his leadership capabilities in all spheres of life. Mr. Gurnani is Chief Executive Officer and Managing Director of Tech Mahindra Limited. He is Non-Executive and Non-Independent Director on the Board of Mahindra and Mahindra Limited, Director of Comviva Technologies Limited, Tech Mahindra Foundation, Pininfarina S.p.A and a Nominee Director of T-Hub Foundation and Mahindra Educational Institution. He is also Chairman of Indian Institute of Management, Nagpur. Mr. CP Gurnani is a Chairman/Member of the following Board Committees: Sr. No. Name of the Company Name of the Committee Position held 1. Tech Mahindra Limited Corporate Social Responsibility Committee Chairman Stakeholders Relationship Committee Member Investment Committee Member Securities Allotment Committee Member 2. Comviva Technologies Limited Nomination & Remuneration Committee Member Mr. Gurnani does not hold any Ordinary (Equity) Shares in the Company. Mr. CP Gurnani being a Whole-time Director of Tech Mahindra Limited, has waived his right to receive sitting fees for attending the Meetings of the Board of Directors or any Committee thereof on which he may be appointed from time to time or any other remuneration payable to the Non-Executive Directors of the Company, effective from 1 st April, 2020 being the date of his appointment as a Director on the Board of Directors of the Company, during his tenure as a Non-Executive Non-Independent Director of the Company. Mr. Gurnani is not disqualified from being appointed as a Director in terms of section 164 of the Act and has given his consent to act as a Director. Mr. Gurnani is not debarred from holding the office of Director pursuant to any Order issued by the Securities and Exchange Board of India (“SEBI”) or any other authority. The Board is of the view that Mr. Gurnani’s knowledge and experience will be of immense benefit and value to the Company and pursuant to the recommendation of the Governance, Nomination and Remuneration Committee, recommends his appointment to the Members. The Articles of Association of the Company are available for inspection by the Members in electronic form as per the instructions provided in the Note No. 9 of this Notice. Save and except Mr. CP Gurnani, and his relatives to the extent of their shareholding interest, if any, in the Company, none of the other Directors, Key Managerial Personnel (“KMP”) of the Company and their relatives are, in any way, concerned or interested, financially or otherwise, in the Resolution set out at Item No. 11 of the Notice. None of the Directors and KMP of the Company are inter-se related to each other. Brief resume of Mr. Gurnani, nature of his expertise in specific functional areas, disclosure of relationships between directors inter-se, name of listed entities and other companies in which he holds directorships and memberships/ chairmanships of Board Committees, shareholding in the Company, as stipulated under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are stated herein, and are also provided in the Corporate Governance Report forming part of the Annual Report. The Board recommends the Ordinary Resolution set out at Item No. 11 of the Notice for approval of the Members. By Order of the Board NARAYAN SHANKAR Company Secretary Registered Office: Gateway Building, Apollo Bunder, Mumbai – 400 001. CIN : L65990MH1945PLC004558 e-mail : [email protected] Website : https://www.mahindra.com Tel. : +91 22 22895500 Fax : +91 22 22875485 Mumbai, 12 th June, 2020