MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2022-23

155 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Naandi Foundation, India’s leading NGO focused on educating girls, skilling youth and providing sustainable livelihoods to small farmers through biodynamic agriculture. Mr. Mahindra also serves on the Founders Board of The Rise Fund, a $2 billion impact fund. He is a strong votary of arts and culture. Mahindra Blues, Mahindra Excellence in Theatre Awards and Mahindra Sanatkada celebrate and nurture music, theatre culture, art and history in India. Mr. Mahindra is the member of the Global Advisory Council of the Lincoln Center, New York and has previously served on the Board of Trustees of the Natural History Museum of London. In 2014, Mr. Mahindra founded the Pro Kabaddi League to popularize the ancient and popular Indian game of kabaddi. The league, televised through the STAR television network, is aimed at creating a new popular fan following for Kabbadi as an antithesis to cricket. As Non-Executive Chairman, Mr. Anand Mahindra serves as mentor and sounding board for the Managing Director and Senior Management especially in the areas of strategic planning, risk mitigation and external interface. He continues to play an important role in epitomising and building Brand Mahindra. He is available to provide feedback and counsel to the Managing Director and Senior Management on key issues facing the Company. Mr. Mahindra has completed 68 years of age. Mr. Anand G. Mahindra is the Chairman of Mahindra & Mahindra Limited, Tech Mahindra Limited, Classic Legends Private Limited and Mahindra Holdings Limited and Director of Prudential Management & Services Private Limited, The Mahindra United World College of India, Tech Mahindra Foundation, Araku Originals Private Limited, Naandi Community Water Services Private Limited, Breach Candy Hospital Trust, Invest India and The Indian and Eastern Engineer Company Private Limited. Mr. Anand G. Mahindra is also a Part-time Non-official Director of Central Board of Reserve Bank of India. Mr. Anand G. Mahindra is a Chairman/Member of the following Board Committees: Name of the Company Name of the Committee(s) Position Held Mahindra & Mahindra Limited Strategic Investment Committee Chairman Sale of Assets Committee Chairman Corporate Social Responsibility Committee Member Stakeholders Relationship Committee Member Mr. Mahindra holds 14,30,008 Ordinary (Equity) Shares in the Company. Mr. Mahindra has not resigned as a Director from any listed Company in the past three years and is not inter-se related to any other Director of the Company. Mr. Vijay Kumar Sharma Non-Executive Non-Independent Director (Nominee of LIC) Mr. Vijay Kumar Sharma is a post-graduate (M.Sc.) from Patna University. Mr. Sharma joined Life Insurance Corporation of India (“LIC”) as Direct Recruit Officer in 1981 and grew up with the Corporation since then. He held various challenging assignments pan India and in all operational streams including in-charge positions at different levels. Working across length and breadth of the country has added immensely to his experience and honed his understanding of demographics of the country, socioeconomic needs of different regions and multi-cultural challenges in implementation of LIC’s objectives. Mr. Vijay Kumar Sharma superannuated as Chairman of LIC on 31 st December, 2018. Prior to his taking over as Chairman on 16 th December 2016, he served as Chairman (In charge) from 16 th September, 2016 and Managing Director of LIC from 1 st November, 2013. From December, 2010 to November, 2013, he served as Managing Director & Chief Executive Officer, LIC Housing Finance Limited (LIC HFL), a premier housing finance company in the country. As MD & CEO of LIC HFL, he stabilized the operations under most challenging circumstances of negative media glare, intense scrutiny by Regulator & others and turned it around to be the best Housing Finance Company in 2011. He has been an inspirational leader who utilizes negotiation skills gained over thirty seven years of extensive experience in insurance and financial sectors and strongly connects to the grass root levels, believes in bottom-up approach and has the ability to see the Big Picture and translate it to reality. He is known as Growth Leader, leading the Organisation to surge ahead and turnaround on its growth path in all the segments of performance. Mr. Vijay Kumar Sharma has completed 64 years of age. Mr. Sharma is Non-Executive Non-Independent Director of Mahindra & Mahindra Limited, Independent Director of Tata Steel Limited, Reliance Power Limited, NURECA Limited, Vidarbha Industries Power Limited and Director of Ambuja Cement Foundation.