ICICI Bank Ltd.

Kundapur Vaman Kamath is the non-executive Chairman of the Board of Directors of ICICI Bank Limited, India's second largest bank. Kamath has a degree in mechanical engineering as well as one in management studies from the Indian Institute of Management, Ahmedabad. He started his career in 1971 at ICICI, an Indian financial institution that founded ICICI Bank and merged with it in 2002. In 1988, he moved to the Asian Development Bank and spent several years in South-east Asia before returning to ICICI as its Managing Director and CEO in 1996. Under his leadership, the ICICI Group transformed itself into a diversified, technology-driven financial services group that has leadership positions across banking, insurance and asset management in India, and an international presence. He retired as Managing Director and CEO in April 2009, and took up his present position. Kamath was awarded the Padma Bhushan, one of India’s highest civilian honors, in 2008. He was given the Lifetime Achievement Award at the NDTV Profit Business Leadership Awards 2008; was named 'Businessman of the Year' by Forbes Asia and The Economic Times ‘Business Leader of the Year' in 2007; Business Standard's 'Banker of the Year' and CNBC-TV18's 'Outstanding Business Leader of the Year’ in 2006; Business India's 'Businessman of the Year' in 2005; and CNBC's 'Asian Business Leader of the Year' in 2001. He has been given an honorary Ph.D. by the Banaras Hindu University. Kamath was the president of the Confederation of Indian Industry for the year 2008-09.

Shri S. Khasnobis is the President and Chief Operating Officer of Asset Reconstruction Company (India) Limited (Arcil) and is in-charge of the day-to-day operations of the company. He is on deputation from ICICI Bank Ltd and is designated as General Manager at ICICI Bank. Shri Khasnobis is a Mechanical Engineer, with wide experience in the banking sector and has been with ICICI Bank Limited (erstwhile ICICI) for the last 22 years. He has long experience in Corporate Credit, Relationship, Project Finance, Structured & Corporate Finance and Technology Funding.

Nachiket Mor is a Yale World Fellow (2004); has a Ph.D. in Economics from the University of Pennsylvania with a specialization in Finance from the Wharton School; a Masters degree in Management from the Indian Institute of Management, Ahmedabad and an undergraduate degree in Physics from the Mumbai University. While completing his Ph.D., he was associated with a Philadelphia based hedge fund (Quantitative Financial Strategies) for three years. He has worked with ICICI since 1987 in a variety of jobs, including, Corporate Planning, Project Finance, Treasury and Rural Banking and was a member of its Board from 2001-2007. He is currently President of the ICICI Foundation for Inclusive Growth. In addition to his work within ICICI, he is a member of the Boards of: Institute for Financial Management and Research (IFMR), CARE USA and International Food Policy Research Institute (IFPRI).

Mr. Ajay Saraf, aged 37 years is a Nominee Director from ICICI Bank Limited. He is a graduate from Calcutta University and is also a qualified Chartered Accountant and Cost & Works Accountant. He has been working with ICICI Bank Limited since 2002, prior to which he was with American Express Bank for 10 years. He has a wide range of experience in Corporate Banking, Investment Banking and Treasury.

Mr. K. Vaman Kamath is the Managing Director and Chief Executive Officer of ICICI Bank Limited. ICICI Bank (NYSE: IC) functions as a universal bank through itself and its associate companies in the areas of corporate finance, commercial banking, investment banking, asset management, non-banking finance, investor services, broking and insurance. Mr. Kamath started his career in 1971 at ICICI- the parent organisation of ICICI Bank, he has worked ceaselessly to stretch the borders of ICICI's businesses to evolve it into a modern, savvy and technology enabled financial organisation catering to almost all the financial needs of corporate and retail customers. Mr. Kamath was born on December 2, 1947, in Mangalore, Karnataka where he spent most of his early years. After completing Higher Secondary and Pre-University from St. Aloysius, he joined the National Institute of Technology Karnataka, Surathkal(erstwhile Karnataka Regional Engineering College) for a Bachelors Degree in Mechanical Engineering. After graduating in 1969, he joined the prestigious Indian Institute of Management, Ahmedabad (IIM-A) for a Masters Degree in Business Administration. The two-year curriculum at IIMA served as a valuable input in the process of his development as a manager and future business leader. After graduating from IIMA in 1971, Mr. Kamath started his career with ICICI in the Project Finance division and moved on to different departments to gather a rich and varied experience which included setting up of new businesses such as leasing, venture capital, credit rating as well as handling general management positions. As part of his general management responsibilities he initiated and implemented ICICI's computerisation programme. Substantial investments in technology right from the early years have resulted in systems that are today a competitive advantage for ICICI. In 1988, Mr. Kamath joined the Asian Development Bank, Manila in their Private Sector Department. His principal work experience at ADB was in various projects in China, India, Indonesia, Philippines, Bangladesh and Vietnam. He was the ADB representative on the Boards of several companies and this experience offered him considerable insight into the working of global firms. During his years in South East Asia, Mr. Kamath worked in most of the developing countries in the region including China, Thailand, Philippines, Indonesia and Vietnam and this provided a rich experience in terms of exposure to a variety of business situations many of them typical to emerging markets. In May 1996, Mr. Kamath returned to ICICI as its Managing Director and Chief Executive Officer. The strategic initiatives and structural changes subsequently instituted by him across the ICICI Group have helped ICICI to re-draw its boundaries and increase its business potential. A firm believer in the concept of Universal Banking - the ability to provide complete financial services to different classes of customers - Mr. Kamath has been instrumental in expanding the Group's services to the retail customers. Under him, ICICI has made significant progress in creating a strong retail focus and building the personal financial services business. The most critical driver in the personal financial services business is the customer and ICICI has made substantial efforts to strengthen its relationship with the customer enabling it to build a strong retail franchise with about twenty million retail customers and an established market presence. Mr. Kamath believes that the foremost ingredient for ICICI Group's success has been the ability to continuously evolve both organisational structure and product offerings, thereby remaining on the cutting edge of financial services. The robust growth achieved during a period otherwise marked by modest economic growth, has been entirely on account of capitalising on market opportunities, which enabled ICICI to re-write the boundaries of its business. Looking back to the changes in the...

Anupam Puri retired from McKinsey & Company in end-2000. Elected director of the firm at 36, Mr. Puri held a variety of leadership roles during his 30-year career there. He has worked extensively on public policy issues the world over. Before joining McKinsey & Co, Mr. Puri was Advisor for Industrial Development to the President of Algeria, and consultant to General Electric’s Center for Advanced Studies. He holds a Bachelor of Arts degree in Economics from St Stephen’s College, Delhi University, and Master of Arts and M. Phil degrees from Oxford University. Mr. Puri is now on the boards of Godrej Consumer Products Limited, ICICI Limited and Mahindra British Telecom Limited, and is a Special Advisor to General Atlantic Partners, an IT/Communications-focused private equity firm. 

Lakshmi N Mittal, 58, is the Chairman and CEO of ArcelorMittal. Mr Mittal founded Mittal Steel Company (formerly the LNM Group) in 1976 and guided its strategic development, culminating in the merger with Arcelor, agreed in 2006, to found the world’s largest steelmaker. Since the merger, Mr Mittal has led a successful integration, establishing ArcelorMittal as one of the world’s foremost industrial companies. He is widely recognized for the leading role he has played in restructuring the steel industry towards a more consolidated and globalized model. Mr Mittal is an active philanthropist and a member of various trusts and boards, including Goldman Sachs’ Board of Directors, EADS Board of Directors and ICICI Bank Limited’s Board of Directors. He is also a member of the Foreign Investment Council in Kazakhstan, the International Investment Council in South Africa, the Investors’ Council to the Cabinet of Ministers of Ukraine, the World Economic Forum’s International Business Council, the World Steel Association’s Executive Committee and the Presidential International Advisory Board of Mozambique. He also sits on the Advisory Board of the Kellogg School of Management in the United States. Mr Mittal began his career working in the family’s steelmaking business in India, and has over 30 years of experience working in steel and related industries. In addition to forcing the pace of industry consolidation, he has also championed the development of integrated mini-mills and the use of DRI as a scrap substitute for steelmaking. Following the transaction combining Ispat International and LNM Holdings to form Mittal Steel in December 2004, together with the simultaneous announcement of the acquisition of International Steel Group in the United States to form the world’s then-leading steel producer, Mr Mittal was awarded Fortune magazine’s ‘European Businessman of the Year 2004’. In 1996, Mr Mittal was awarded ‘Steelmaker of the Year’ by New Steel in the United States and the ‘Willy Korf Steel Vision Award’ by World Steel Dynamics in 1998 for outstanding vision, entrepreneurship, leadership and success in global steel development. Following the creation of ArcelorMittal, Mr Mittal was awarded ‘Business Person of 2006’ by the Sunday Times, ‘International Newsmaker of the Year 2006’ by Time Magazine and ‘Person of the Year 2006’ by the Financial Times for his outstanding business achievements. In January 2007, Mr Mittal was presented with a Fellowship from King’s College London, the college’s highest award. He also received the 2007 Dwight D Eisenhower Global Leadership Award, the Grand Cross of Civil Merit from Spain and was named AIST Steelmaker of the year. In January 2008, Mr Mittal was awarded the Padma Vibhushan, India’s second highest civilian honor, by the President of India. In September 2008, Mr Mittal was chosen for the third ‘Forbes Lifetime Achievement Award’, which honors heroes of entrepreneurial capitalism and free enterprise. Mr Mittal was born in Sadulpur in Rajasthan, India on June 15, 1950. He graduated from St Xavier’s College in Kolkata where he received a Bachelor of Commerce degree. Mr Mittal is married to Usha Mittal, and has a son, Aditya Mittal and a daughter, Vanisha Mittal Bhatia.

Lalita D. Gupte, b. 1948 Non-executive Chairman of the ICICI Venture Funds Management Co Ltd. Board member since May 3, 2007. Member of the Audit Committee. -------------------------------------------------------------------------------- B.A. in Economics (University of Delhi) and Master of Management Studies (University of Bombay). Joint Managing Director of ICICI Bank Limited 1999-2006, Deputy Managing Director of ICICI Bank 1996-1999, Executive Director on the Board of Directors of ICICI Limited 1994-1996. Various leadership positions in Corporate and Retail Banking, Strategy and Resources, and International Banking in ICICI Limited and subsequently in ICICI Bank Ltd since 1971. Member of the Board of Directors of Bharat Forge Ltd, Kirloskar Brothers Ltd, FirstSource Solutions Ltd, Godrej Properties Ltd, HPCL-Mittal Energy Ltd. and Swadhaar FinServe Pvt Ltd. Also member of Board of Governors of educational institutions.

Priya Mohan Sinha became a Director of our company on January 1, 2002. He has served as the Chairman of PepsiCo India Holdings Limited and President of Pepsi Foods Limited since July 1992. From October 1981 to November 1992, he was on the Executive Board of Directors of Hindustan Lever Limited. From 1981 to 1985 he also served as Sales Director of Hindustan Lever. Currently, he is also on the Boards of ICICI Bank Limited, Bata India Limited, Indian Oil Corporation Limited, Lafarge India Pvt. Limited and Azim Premji Foundation. Mr. Sinha holds a Bachelor of Arts from Patna University and he has also attended Advanced Management Program in the Sloan School of Management, Massachusetts Institute of Technology, U.S.A. Mr Sinha is also the Chairman of the Nomination, Governance and Compensation Committee of Bata India Limited.