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Board of Directors

The Board of Directors of Reliance ARC comprises eminent personalities in the fields of banking, finance, management, accountancy and taxation who possess considerable expertise and experience in those fields.

Sponsor Directors

  1. Mr. Lav Chaturvedi (Reliance Capital Limited's nominee)
  2. Mr. U.C. Nayak (Corporation Bank nominee)
  3. Shri Mahesh Kumar Bajaj (Indian Bank nominee)
  4. Shri Ravindra S. Rao, Executive Director & CEO
Independent Directors
  1. Mr. Sujal Shah
  2. Dr. R. B. Barman
  3. Mr. Shrikant Rege
  4. Ms. Deena Mehta

Mr. Lav Chaturvedi

Mr. Lav Chaturvedi is a Nominee Director (Nominee of Reliance Capital Limited) of the Company. He is the Chief Risk Officer of Reliance Capital Limited since October 2008. He is responsible for assessing and managing enterprise-wide risks at the group level covering various risks such as credit, market, operations, etc. across all businesses and geographies and risk aggregation for centralized risk and capital management. He is responsible for integral Internal Audit function at group level. He has been instrumental in developing best-in-class risk management capabilities and culture by creating a clear direct line of sight from risk management to stakeholder value. Before this, he was the Head, Risk Management in Reliance Mutual Fund, which he joined in January 2007. Mr. Lav Chaturvedi has worked with Ips Sendero, subsidiary of Fiserv (a Fortune 500 company), in Scottsdale, Arizona, USA at the senior management level, providing strategic and tactical consulting on balance sheet management to the clients and assisting in the resolution of advanced analytical and policy issues. He has rich and in-depth exposure to the entire spectrum of commercial as well as financial functions in the corporate finance, banking and consulting industries at the domestic as well as international.level. Mr. Lav Chaturvedi has an MBA from Syracuse University, New York. He is also a Chartered Financial Analyst from the CFA Institute, USA.


Mr. U.C. Nayak

Shri U Chandrakanth Nayak started his career in Corporation Bank in the year 1981 at Mangalore - Kankanady branch. In 1986, he was promoted and posted at Mumbai- Worli Branch as an Officer. In August 1993 he was transferred to Head office at GM’s secretariat. In 1994, he was promoted as Manager and posted at GM’S secretariat in Credit and Compliance Division, HO where he served till 2000. In Jan 2001, he was promoted to the rank of Senior Manager (Credit), posted as Branch Head at various branches in Mumbai from 2001 to 2005. He was then elevated to the executive cadre and as a Chief Manager, he was posted to Kolkata Brabourne Road branch as Branch Head and remained there for four years. In June 2009, he was elevated as Assistant General Manager and subsequently headed Ludhiana Branch as Branch Head and later Ludhiana Zone as Zonal Head. He continued to head the zone as Deputy General Manager and later moved to Ahmedabad Zone as Zonal Head. In 2015, he was moved to Treasury Branch as Deputy Head of Treasury. In Feb 2016, he was elevated to the position of General Manager and went on to Head the Treasury Branch. Presently, he is continuing in the same position as in charge of entire Treasury operations of the Bank (Both Domestic & Forex). While heading the branches/Zones during his career, he has received many awards for his exemplary performance. Shri U Chandrakanth Nayak has attended International Seminar program of SWIFT International Banking Operations Seminar (SIBOS) and exhibition at Singapore. He has also attended various training programmes on corporate banking, Retail banking, Forex and Domestic operations at various reputed Institution in India as well as in abroad. Shri U Chandrakanth Nayak’s banking career spanning over 36 years is rich with in field of experience as well as administrative acumen..


Shri Mahesh Kumar Bajaj

Mahesh bajaj

Shri Mahesh Kumar Bajaj has Started his career in Indian Bank in the year 1993 as Probationary Officer. He is post graduate in Science and Bachelor of Education and Certified Associate of Indian Institute of Banking & Finance. He has got experience of 25 years in Corporate Banking, Retail Banking, Rural Banking, Integrated Treasury Management, NPA recovery management, Foreign Trade and Trade Finance, Personal Management & Audit and Inspection. During the career he has headed the Large Corporate branches of Indian Bank for five years. Presently working as Deputy General Manager and Department Head (International Division & Treasury). He is also overseeing foreign branches of Indian Bank situated at Singapore and Colombo.


Mr. Ravindra S. Rao

Shri Ramu A

Mr. Ravindra S. Rao has more than 22 years of experience across consumer lending and has worked in risk management, compliance, distribution, operations and technology. He joins RARC from Fullerton India where he worked in different roles for over six years, with his last assignment being the CEO of the home finance subsidiary. Prior to Fullerton, Mr. Rao was head of Collections and Fraud Risk Management at Standard Chartered for South Asia. He also headed Retail Collections at HDFC Bank for five years. At the start of his career, he had worked in regional roles in ABN Amro and Bank of America.


Independent Directors

Mr.  Sujal Shah

Mr. Sujal Shah A Chartered Accountant by profession, Mr Shah is a partner of SSPA & Co, Chartered Accountants, He has been into consulting practice for Mergers/Acquisitions and Corporate Restructuring for more than two decades.


Dr. R. B. Barman

Dr. R. B. Barmanis the Chairman of National Statistical Commission, and also Chairman of Technology Committee of Insolvency and Bankruptcy Board of India, Government of India. Dr. Barman is a Member of State Innovation and Transformation Aayog, Government of Assam. Dr. Barman is associated with the National Payment Corporation of India, Companies and Academic Institutions as Adviser, Director and Adjunct Faculty. Dr. Barman is former President of The Indian Econometric Society and former Vice Chairman of the Irving Fisher Committee on Central Bank Statistics, BIS, Basel. As Executive Director of Reserve Bank of India, he left his mark for modernisation of payment system of India. Dr. Barman is a leading expert in the area of Business Intelligence.


Mr. Shrikant Rege

Shri SHRIKANT REGE, with more than 35 years of experience, is a professional with wide ranging qualifications including B.Com, LLB, Diploma in Financial Management, CA, CS, and CAIIB. He started his career with RBI in 1982 and soon after moved to American Express Bank (AMEX), where he rose to the level of Chief Executive and Country Operations Officer International Operations in 2003. He has handled various roles in quality, corporate and private banking credit, compliance and treasury in the Bank. Post the takeover of AMEX by Standard Chartered Bank (SCB) in 2008, he led the complex integration of AMEX with SCB, before moving to the UK Government's Foreign Commonwealth Office as its Senior Advisor, where he was involved in building a strategy on reform of IMF and the World Bank. Shri Rege is a consultant and has advised Deloitte in India, on engagements with other financial players viz. Banks, Insurance companies, Mutual Funds, and their regulators, focusing on Governance, Regulations and Risk. He also advises Banks and Financial Institutions on various financial and strategy aspects.


Ms. Deena Mehta

Ms. Deena Mehta is Chartered Accountant, Masters in Management Studies (Finance) and Fellow Member of Securities and Investment Institute London. She is the promoter of Asit C Mehta group of companies. She is on the Board of National Payments Corporation of India (NPCI), Reliance Asset Reconstruction Company Ltd., Reliance Home Finance Limited, Reliance Commercial Finance Limited and Gandhar Oil Refinery (India) Limited as Independent Director. She has been former President of Stock Exchange Mumbai and has the honour of being the first woman Director on Board of BSE as well as first woman President. She is the promoter director of Central Depository Services Ltd as well as South Asian Federation of exchanges, the association of stock exchanges of SAARC countries. She has been an Invitee to International Securities Regulators Organization, and member of Index Committee and Advisory Committee on Mutual Funds of Stock Exchange, Mumbai. Member of SEBI Committees such as Review of Eligibility (CORE) norms of SEBI, Derivative Committee, Delisting Committee, Ethics Committee and Investor Education.