People: ITC Ltd (ITC.BO)
Khan, Serajul Haq
Mr. Serajul Haq Khan is Non-Executive Independent Director of ITC Ltd., since October 30, 2006. He is a former Chairman and Managing Director of Industrial Development Bank of India (IDBI). He holds a Masters degree in Commerce and is a University gold medalist. The professional career of Khan, spanning over 35 years, includes initial 5 years as an Officer in RBI in the Department of Banking Operations and Development. He thereafter joined IDBI soon after its formation. He served IDBI in various capacities for over three decades and retired after a five-year tenure as its Chairman and Managing Director in 1998. During his tenure, IDBI witnessed unprecedented growth in its operations. He was instrumental in setting up IDBI Bank as commercial bank, which later got merged with IDBI. He was instrumental in setting up three important capital market entities viz. NSE, NSDL and CARE and guided their initial operations as Chairman of the Board of Directors. He has served as a member of a number of Committees set up by Government / RBI on matters connected with Indian industry and finance. He also served on the Boards of several important institutions including LIC, UTI, GIC, Exim Bank, Air India and Indian Airlines. Currently, Khan is on the Boards of several companies as Independent Director.
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