annual-report-FY2021

MAHINDRA & MAHINDRA LIMITED 17 competencies of the Board and after considering criteria such as qualifications, skillsets, experience, independence, knowledge, ability to devote sufficient time and attention to the professional obligations of an Independent Director, shortlisted profiles of select candidates from a range of backgrounds including Corporate Professionals, Consultants and Industrialist. The process of shortlisting and selection of the new Independent Directors was carried out and concluded by GNRC members who were Independent Directors and not considered interested in such proposals. From the shortlisted candidates, the GNRC selected and recommended to the Board, the appointment of Ms. Nisaba Godrej andMr. MuthiahMurugappan as Independent Directors of the Company taking the following factors into account: (i) N eed for Next-Generation Directors as they impact both content and dynamics of boardroom debate; (ii) E nhancement of the age and gender diversity of the Board which will put the Board in an elite league with three women Independent Directors serving on it; (iii) Adherence to the highest level of Corporate Governance in letter and spirit by the Independent Directors; (iv) T he valuable Industrial experience brought to the Board by the new Independent Directors: • M s. Nisaba Godrej, Chairperson and Managing Director of Godrej Consumer Products Limited (GCPL) has been a key architect of GCPL’s strategy and transformation in the last decade; • M r. Muthiah Murugappan, heads the Nutraceuticals Business of Murugappa Group flagship - EID Parry India Limited and has been working over a decade with startups and Micro VC funds (as an angel investor/LP) in the areas of SaaS, Ecommerce, Deep Tech & Consumer goods. The appointment of the two new Independent Directors of the Company is in line with the requirements of its Policy on “Appointment of Directors and Senior Management and Succession Planning for orderly succession to the Board and Senior Management”. The skillsets possessed by Ms. Nisaba Godrej and Mr. Muthiah Murugappan are mentioned in the Corporate Governance section of the Annual Report of the Company for the financial year ended 31 st March, 2021. Profile: Brief details of Ms. Nisaba Godrej and Mr. Muthiah Murugappan are mentioned below: • Ms. Nisaba Godrej: M s. Nisaba Godrej has completed 43 years of age. Ms. Nisaba Godrej has a BSc degree from The Wharton School at the University of Pennsylvania and an MBA from Harvard Business School. She is passionate about girls' education, the human mind, trekking and equestrian sports. M s. Nisaba Godrej is the Chairperson and Managing Director of Godrej Consumer Products Limited (“GCPL”). S he has been a key architect of GCPL’s strategy and transformation in the last decade. In 2007, she initiated and led Project Leapfrog, which created a playbook for GCPL to accelerate domestic organic growth through innovation and consolidation, and to become a more global company by investing in emerging markets outside of India. O ver the last ten years, GCPL’s market capitalisation has increased twenty-fold and GCPL has developed a very strong, engaged and ambitious team, and is consistently ranked as a great place to work. S he has also institutionalised design driven thinking and directly leads product development. Ms. Nisaba Godrej is passionate about identifying and developing the talent required for the Godrej Group’s future growth. T hrough her oversight of the Group HR function for Godrej Industries and associate companies, she has made Godrej a more meritocratic and highly performance driven organisation, while keeping the Group’s values front and center. S he has also spearheaded the Group’s Good & Green agenda to drive more inclusive and sustainable growth. Her previous assignments within the Godrej Group have included the successful turnaround of Godrej Agrovet and the creation of a Group strategy function to oversee the Group’s portfolio. • Mr. Muthiah Murugappan: M r. Muthiah has completed 37 years of age. Mr. Muthiah Murugappan started his career in August, 2004 with Indian FMCG major - CavinKare Private Limited, where initially he served as an Area Sales Manager in the Western and Southern regions and has worked in the States of Maharashtra, Madhya Pradesh, Chattisgarh and Andhra Pradesh. He subsequently moved into a Brand Management role and served as a Product Manager for the International Business Unit, covering the Gulf Cooperation Council and ASEAN regions. I n July, 2007, he joined Carborundum Universal Limited (“CUMI”) as an Exports Manager. CUMI is an integral part of the family business conglomerate – The Murugappa Group of which he is a fifth-generation Member. He subsequently moved to the US to handle CUMI's trading operations in North America and in 2010 returned to India to head its Wear Ceramics business where he served till July, 2013. H e then decided to take a sabbatical to pursue a Full Time MBA at the London Business School starting fall of 2013. He then returned to The Murugappa Group to head the Nutraceuticals Business of Group flagship – EID Parry India Limited. M r. Muthiah has a B. Sc. in Management Sciences from the University of Warwick (Warwick Business School).