Board of Directors

  2. Privi World
  3. Board of Directors
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Mr. Mahesh P Babani
Chairman & Managing Director
Mr. Mahesh P Babani took reins of Privi Organics Limited in 1989 and is currently the Chairman & Managing Director of Privi Organics India Limited.
It has been his passion that has driven the Company from a start-up to its current scale. He is involved in formulation of long-term strategy, business development and financial management of the Company. Over the past 2 decades, he has travelled extensively across the globe and has deep knowledge of the entire value chain of Aroma Chemical Business.
His knowledge extends from sourcing of raw materials to their processing and to the final consumers of Aroma Chemicals. His vision, perseverance, motivation and extensive knowledge of global aroma chemical markets have helped PRIVI to reach the current position. He has strong relationships across the management level of PRIVI’s customers, suppliers and other stake holders.
Mr. Mahesh Babani is a Commerce Graduate and has operational and managerial experience of over 30 years.
He is serving as a Director on board of Fairchem Speciality Limited, Privi Organics Limited, Babani Investment & Trading Pvt. Ltd, Privi Biotechnologies Pvt. Ltd., Minar Ogranics Pvt. Ltd, Satellite Technologies Pvt. Ltd
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Mr. D. B. Rao
Executive Director
Mr. D. B. Rao is one of the founders and has been on the Board of Directors of Privi Organics Limited since 1982 and is a currently a Whole-time Director designated as Executive Director of the Company. Mr. D. B. Rao overseas Operations, Research & Development, Personnel and raw material sourcing. Mr. Rao has worked diligently in converting the vision of the Company to realty and has handled various projects right from their conception to completion. He has been instrumental in putting up the manufacturing facilities in a swift and cost-effective manner and chartering the growth of the Company. His vast experience, in depth knowledge of chemicals and engineering has helped PRIVI to attain the current position. He takes keen interest in R & D activities of the Company, especially in developing green technologies. He is involved in the operations of the company and institutionalizing various processes in the management of the company. He has contributed significantly in PRIVI’s growth and in creation of formidable organization structure of PRIVI. Mr. D. B. Rao is a post graduate in Engineering with over 33 years experience. He is a Director on the board of Fairchem Speciality Limited, Privi Organics Limited, Minar Organics Pvt. Ltd, Privi Biotechnologies Limited, Vivira Investments & Trading Pvt. Ltd., and Satellite Technologies Pvt. Limited.
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Mr. Anurag Surana
Non-Executive, Independent Director
Mr. Anurag Surana has over 2 decades of experience in Chemical Industry and has brought immense value to the Board by providing inputs on manufacturing operations and management controls. Mr. Surana was associated with PI Industries as a Whole-time Director till September 2012. Presently, he is the Managing Director of KAGASHIN Global Network Private Limited. He is undergraduate and has completed his education from University of Delhi. He is a Director on the Board of IFFCO-MC Corp Sience Pvt Ltd, Nichino India Pvt Ltd, Nichino Chemical India Pvt Ltd, Kagashin Global Network Pvt Ltd, Esco Agencies Pvt Ltd and Neogen Chemicals Limited.
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Mr. Dwarko T Khilnani
Non-Executive, Independent Director
Mr. Dwarko Khilnani is on the Board of PRIVI since inception and is an Independent Director. He is an expert on Foreign Exchange Management Act (FEMA) having worked with RBI for 33 years. He has conducted various workshops on ‘NRI Investments’ and ‘FEMA’ all over the country including for Officers of the Enforcement Directorate at CBI Academy, Ghaziabad, IPS Training College at Karnal, Haryana and Jawaharlal Nehru University, New Delhi. He is a visiting faculty member of NISM, Bombay Stock Exchange Training Institute, Institute of Company Secretaries and many other training institutes. He is a forex advisor to Exactus.Com Ltd., a leading legal portal having offices in New York and metro cities of India. He is a prominent author of ‘Foreign Exchange Management Manual’, FEMA Ready Reckoner, both in their 26th Edition and various other books on Foreign Exchange and NRI Investments. He is B.A (Hons) in Economics and a Law graduate and is a Director on the Board of Blossom Industries Limited, Perfunova (International) Limited and a member of the Governing Council of Umrao Hospitals and Medical Research Institute.
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Ms. Anuradha Thakur
Non-Executive, Independent Director
Ms. Anuradha Thakur started her career as a Probationary Officer with State Bank of India (SBI) in 1973 and retired in 2007 as Chief General Manager, Corporate Accounts group. She has over 34 years of experience in loan syndications, international banking, project financing and liquidity management in various sectors such as petrochemicals, engineering goods and equipment, non-conventional energy, textiles and pharmaceuticals. She started her career as a probationary officer with State Bank of India in 1973 and retired in 2007, as the chief general manager, corporate accounts group of State Bank of India. She is currently associated with the National School of Banking. She is a Director on the Board of Tata Asset Management Limited, Patnaik Steel P Limited, Tata Capital Housing Finance Limited and Tata Capital Financial Services Limited. She joined the Board of PRIVI in March 2015.
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Mr. Hemang Gandhi
Non-Executive Independent Director
With over three decades of exceptional leadership in the financial services industry, Hemang is a Director and founding member of PINC, a prominent mid-market investment bank headquartered in Mumbai.
Hemang has forged an illustrious career marked by a strong focus on investment banking, fostering invaluable relationships with Indian corporate and private equity firms. His expertise spans diverse industries including engineering, logistics, travel and tourism, food processing, specialty chemicals, and media & entertainment.
He has orchestrated multiple transformative transactions, including high-profile M&A advisory and private equity deals. His notable successes include transactions with industry giants such as Thomas Cook, Sansera Engineering, Ajax, Bill Forge, Jindal Drilling and TripJack. Furthermore, Hemang has played a pivotal role in obtaining participation from family offices in listed equity transactions, specifically in deals related to the food processing and heavy engineering sectors, structured in the form of warrants and preferential equity. Hemang remains a driving force behind the success of PINC's Investment Banking Team, utilizing his extensive industry expertise to offer invaluable insights and strategic guidance.
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MR. NARESH TEJWANI
Additional Director (In the Category of Non-Executive Independent Director)
Mr. Naresh M. Tejwani has over four decades of experience out of which over 30 years has been as an entrepreneur & senior management, in areas Capital Market Intermediation, Registrar & Transfer Agency specializing in Public Offer for Equity & Debt, PMS, custodial functions, Investment & financial planning.
He is a Commerce Graduate and Obtained Law Degree from University of Mumbai with Specialization & Post Graduate Diploma in Securities Law from Government Law College. Mr. Tejwani commenced his career in 1982, with stint in Banking and Finance vertical focused on international trade at Infrastructure enterprise In India, Bahrain & Oman. During the period 1986 to 1990 he worked with a Foreign Bank in Mumbai handling Risk Asset Management for the Bank. In 1990 he started his own venture of Business Process Outsourcing in Custodial Services and Category I Registrar & Transfer Agents, where IPO and Tier II capital raising for PSU Banks and Private Sector was handled.
He has been heading several delegations representing ANMI to Asia Securities Forum, Tokyo and International Council of Securities Association, Paris, International Forum for Investor Education, Washington.
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MRS. PRIYAMVADA BHUMKAR
Additional Director (In the Category of Non-Executive Independent Woman Director)
Mrs. Priyamvada Bhumkar is the Promoter and Managing Director of Soujanya Color Pvt. Ltd., a globally leading colorant manufacturing company based out of Navi Mumbai in Maharashtra.
Mrs. Priyamvada is a Chemistry Graduate and has an MBA in Finance. She is an alumnus of the Harvard Business School as well as the Stanford School of Business in USA.
As Promoter of Soujanya Color for over 3 decades, she has been instrumental in building a globally recognized brand in the field of color. Soujanya Color is counted among the top 3 companies in the world for colorants.
Their products are marketed across 50 countries worldwide where they are used by industries such as Paints, Printing Inks, Construction, Plastics, Cosmetics and Home and Personal Care for coloring their products, etc.
Mrs. Priyamvada serves on the Governing Body of the Indian Paint Association, is the member of CII TCM National Committee and is Director on the boards of some listed companies.

Board of Directors

Composition of Committees of Board
Name of The Director DIN Designation in Board Designation in Committee
Audit Committee Naresh Tejwani
Anurag Surana
Hemang M Gandhi
Priyamvada Bhumkar		 00847424
00006665
00008770
00726138		 Non Executive -Independent Director
Non Executive -Independent Director
Non Executive -Independent Director
Non Executive -Independent Director		 Chairman
Member
Member
Member
CSR Committee Anurag Surana
Naresh Tejwani
D B Rao
Priyamvada Bhumkar		 00006665
00847424
00356218
00726138		 Non Executive -Independent Director
Non Executive -Independent Director
Executive Director
Non Executive -Independent Director		 Chairman
Member
Member
Nomination & Remuneration
Committee		 Naresh Tejwani
Anurag Surana
Hemang M Gandhi		 00847424
00006665
00008770		 Non Executive -Independent Director
Non Executive -Independent Director
Non Executive -Independent Director		 Chairman
Member
Member
Stakeholders Relationship
Committee		 Hemang M Gandhi
Naresh Tejwani
D B Rao
Priyamvada Bhumkar		 00008770
00847424
00356218
00726138		 Non Executive -Independent Director
Non Executive -Independent Director
Executive Director
Non Executive -Independent Director		 Chairman
Member
Member
Member
Risk Mgmt Committee Anurag Surana
D B Rao
Mahesh Babani
Hemang M Gandhi
Priyamvada Bhumkar
Naresh Tejwani		 00006665
00356218
00051162
00008770
00726138
00847424		 Non Executive -Independent Director
Executive Director
Chairman & Managing Director
Non Executive -Independent Director
Non Executive -Independent Director
Non Executive -Independent Director		 Chairman
Member
Member
Member
Member
Member

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