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BOARD OF DIRECTORS

Mr. Rangachary N, Independent Non Executive Chairman

Mr. Rangachary N, is an independent Director of our Company and the Chairman of our Board. He was appointed as the Chairman on July 26, 2007 and Independent Director of our Company on June 29, 2015. He is a fellow member of the Institute of Chartered Accountants of India, the Institute of Cost Accountants of India, and Institute of Company Secretaries of India. In the past, he has served as the Chairman of Central Board of Direct Taxes and Chairman of the IRDAI. He has also served as the Advisor to the Government of Andhra Pradesh on Finance. He was a member of the Expert Committee on General Anti-Avoidance Rules (GAAR) and headed the Committee to Review Taxation of Development Centres and the IT Sector, a high-level committee set up by the Prime Minister in the year 2012 for bringing clarity on taxation issues, pertaining to the Information-Technology sector and development-related centres.

Mr. Arun Ramanathan, Independent Director

Mr. Arun Ramanathan is an Independent Director of our Company. He was appointed as a Non-Executive Director of our Company on November 2, 2011 and re-appointed as an Independent Director of our Company on June 29, 2015. He obtained his Bachelors degree in Science from University of Madras and obtained his Masters degree in Philosophy from University of Cambridge. He also obtained a Masters degree in Science (Nuclear Physics) from Andhra University, Waltair and a Masters degree in Business Administration from University of Madras. Further, he is a qualified cost accountant from the Institute of Cost Accountants of India. Prior to joining our Company, he was a member of the Indian Administrative Service from 1973 to 2009 and during his tenure, he held various positions in industry, finance, commercial taxes, civil supplies, consumer affairs, transport, cooperatives, fisheries, silk and personnel and general administration. He also served as the Secretary (Chemicals & Petrochemicals) GoI, Secretary (Financial Services) GoI, and was the Union Finance Secretary at Superannuation.

Ms. Jayshree Ashwinkumar Vyas, Independent Director

Ms. Jayshree Ashwinkumar Vyas is an Independent Director of our Company. She was appointed as an additional Director of our Company on November 12, 2014 and was appointed as an Independent director on June 29, 2015. She is a qualified chartered accountant from the Institute of Chartered Accountants of India and has been the managing director of Shri Mahila Sewa Sahakari Bank Limited since 1986.

Mr. Raghavan M S, Independent Director

Mr. Raghavan. M S, aged 62 years holds a Bachelor’s Degree in Science and Post Graduate Diploma in Management as well as Financial Management.

He is currently on the Boards of Indian Financial Technology and Allied Services, Ana Arc Private Limited and MSE Financial Services Limited. Mr. Raghavan. M. S has had an illustrious career spanning 38 years in the Banking Industry, where he held top decision-making positions in Public Sector Banks. He has extensively dealt with big and small projects in India and has interacted with all major Multi-lateral Organizations such as World Bank, ADB, KfW, JICA, AfD, etc. and a number of foreign and domestic financers and developers. His key areas of expertise include rich and diversified experience in infrastructure financing, management, finance, treasury & funding, accounts,IT, HR etc.

He started his professional career in Banking in 1976 as Manager at Indian Overseas Bank and rose to the position of General Manager (October 1976 to December 2011).

He was the Executive Director - Bank of India during the period December 2011 to July 2013. During his tenure with Bank of India, he served as Director on the Boards of Bank of India’s subsidiaries abroad such as Bank of India (New Zealand) Ltd and Bank of India (Tanzania) Ltd. He has also served as Director on the Board of Star Union Dai-ichi Life Insurance Company Ltd, Member of Governing Council of IDRBT Financial Services Technology Consortium, Member of Working Group of IBA on Model e-Governance Plan for the organization under Department of Financial Services etc.

He was the Chairman & Managing Director of IDBI Bank Ltd during the period July 2013 to June 2015. As CMD of IDBI Bank Limited, he held the position of Director of the Governing Board of Association of Development Financing Institutions in Asia and the Pacific [ADFIAP], an international body of DFIs. He was also a member of the Search Committee for Selection of Chairman & Member of BIFR and Chairman & Member of Central Electricity Authority. He also held the position of Chairman on the Boards of IDBI Capital Market Services Ltd, IDBI Mutual Fund, IDBI Trusteeship Services Ltd, etc and Director on the Boards of Export-Import Bank of India, IDBI Federal Life Insurance Company Ltd etc and was also a Member of Indian Banks’ Association. He also served on Committees set up by Government/RBI/IBA such as Selection of Member - Central

Electricity Regulatory Commission, Payment Systems and Banking Technology, Risk Management & Basel Implementation Committee, etc.

Mr. Rajaraman P V, Independent Director

Mr. Rajaraman P V, is an Independent Director of our Company. He was appointed as a non-executive Director of our Company on November 2, 2011 and re-appointed as an independent Director of our Company on June 29, 2015. He holds a Bachelors degree in Science (Physics) as well as a Masters degree in Science (Physics) from the University of Madras. He also holds M.A. in Management Studies (Developing Countries) from the University of Leeds. He was a member of the Indian Administrative Service from 1967 to 2004. He has more than three decades of experience in the Indian Administrative Service and has served in various capacities including Collector, Erode district, Managing Director of India Cements, Chairman and Managing Director of Tamil Nadu Housing Board, commissioner of Sugar, Secretary to the Government of Tamil Nadu in the Commercial Taxes, Home and Finance departments, chairman of Tamil Nadu Industrial Investment Corporation. He has also served as a director on the boards of Small Industries Bank of India, Hindustan Petroleum Corporation Limited and Indbank Merchant Banking Services Limited. He is a recipient of a Padma Shri Award from the President of India in 2015 for distinguished service.

Mr. Viswanatha Prasad Subbaraman, Independent Director

Mr. Viswanatha Prasad Subbaraman founded Caspian Advisors in 2004 and has led the institution since then, including setting up multiple impact funds with increasing diversity across sectors. With over `1,000 crores under management, Caspian is considered a pioneer in Impact Investing in India.

In addition to providing strategic direction to Caspian's various initiatives, Prasad is active in the ongoing management of Caspian's funds and serves on the boards of multiple portfolio companies, serving also as an Investor Director (Non-Executive and Non-Independent Director)of our Company from 2008 to 2016.

Mr. Yogesh Chand Nanda, Independent Director

Mr. Yogesh Chand Nanda is an independent Director of our Company. He was appointed as a Non-Executive Director of our Company on August 9, 2011 and re-appointed as an Independent Director of our Company on June 29, 2015. He holds a Masters degree in Commerce from University of Delhi. He is also a certified associate of the Indian Institute of Bankers. Prior to joining our Company, he was involved in the banking and financial services sector. He was appointed as managing director of NABARD and was appointed as the chairman of NABARD in the year 2000. He has also served as a full-time member of the National Commission of Farmers set up by the Government of India. He was also a chairman of the Working Group on Outreach of Institutional Finance, Cooperatives and Risk Management for the 11th Five Year Plan and a member of the Working Group on Outreach of Institutional Finance, Cooperatives and Risk Management for 12th Five Year Plan.

Mr. Bhaskar S, Executive Director & Chief Executive Officer

Mr. Bhaskar S joined the Equitas Group on October 15, 2007 and served as the Chief Financial Officer prior to his appointment as the Executive Director & CEO of the Company on 21st October, 2016.

He holds a Bachelors degree in Science from University of Madras and is also a qualified Chartered Accountant from the Institute of Chartered Accountants of India. He started his career with Pricewaterhouse & Co., where he worked for one and a half years and later moved to Cholamandalam Investment and Finance Company Limited where he worked for two decades. Prior to joining Equitas Group, he was the Group Treasurer and Senior Vice President – Audit for the Murugappa Group, Chennai.