Board of Directors


Mr. P. R. Barpande


Mr. Barpande is professionally qualified Chartered Accountant ; who was Audit Partner of Deloitte Haskins & Sells and C. C. Chokshi & Co. has more than 40 years of experience.

Mr. Barpande has worked as Audit Engagement Partner for various large listed companies in India.

He was actively involved in reformatting the accounts to US GAAP for major domestic and MNC Companies.

Presently he is associated/representing as Director on the Board of various listed and unlisted companies.


Mr. V. G. Pathak


Mr. Pathak is having more than 44 years of experience in Banking and Trusteeship Industry. He has worked in Bank of Baroda for 28 years and has worked with Western India Trustee and Executor Company Limited, IDBI Trusteeship Services Limited and SBICAP Trustee Company Limited for more than 16 years.

Mr. Pathak was a founder member of Western India Trustee and Executor Company for Corporate Trusteeship activities and founded SBICAP Trustee Company Limited.

Mr. Pathak has represented/assisted various committees formed by RBI/SEBI/Bank of Baroda.


Mr. Rupesh Satnaliwala


Mr. Rupesh Satnaliwala , Chartered Accountant and Cost Accountant by profession has over 18 years of experience in the field of Banking and Private Equity.

He has worked with ICICI Bank. He has extensive experience in the field of Retail Banking, Capital Markets and Private Banking.

He is also a certified Financial Planner from Financial Planning Standard Board.

Mr. Madhukar R Umarji

Mr. Madhukar R Umarji


Mr. Madhukar R. Umarji, at present Consultant – Legal of the Indian Banks’ Association is a post-graduate in Law from Bombay University; Mr. Umarji represents a unique combination of experience as Legal Adviser of Banks, operational banker and a Central Banker as Executive Director, Department of Non-Banking Supervision, and Reserve Bank of India (Sept. 1999 to Nov. 2001). He has been actively involved in the process of financial sector reforms in India and has represented the banking industry on various Committees and Working Groups set up by the Government and RBI, including Dr. J. J. Irani Committee on Reforms in Company Law. He was on the Bankruptcy Law Reforms Committee and also the Task Force for Resolution Corporation. He was involved with the United Nations Commission on International Trade Law in preparation of Legislative Guide on Model Law for Secured Transactions, as a delegate from India and also UNIDROIT in preparation of Model Law on Lease of Movables. Sixth Edition of his book on SARFAESI Act has been published last year.

Earlier to this, he has worked as Legal Assistant, Law and Judiciary Department of Government of Maharashtra for a period 1965 to 1973. He has also worked with Bank of Baroda, Dena Bank, and Corporation Bank in various capacities.

Presently he is Director on various Boards of Listed and Unlisted Companies as under:-

  1. Strides Shasun Ltd.
  2. JM Financial Products Ltd.
  3. Itz Cash Card Ltd.
  4. ItzCash Payment Solutions Limited.
  5. Central Registry Of Securitisation Asset Reconstruction And Security Interest Of India
  6. Uniparts India Limited
  7. International Asset Reconstruction Company Private Limited