People: Mahindra and Mahindra Ltd (MAHM.BO)
Shri. Narayanan Vaghul is Non-Executive Independent Director of Mahindra & Mahindra Ltd. He was Chairman of the Board of ICICI Bank Limited till April, 2009. Mr. Vaghul joined ICICI in 1985 as Chairman and CEO and relinquished his position as CEO in 1996. During his eleven years tenure as CEO, ICICI was transformed from a small size long term credit bank to a diversified financial conglomerate. He was instrumental in starting an investment bank, commercial bank, venture capital company and an asset management company, as part of the ICICI Group. He was also responsible for the promotion of India’s first credit rating company (CRISIL). In recognition of his pioneering efforts he was selected as the “Business Man of the Year” in 1992, by Business India, a business magazine and has been conferred the “Lifetime Achievement Award” by Economic Times in 2006. Mr. Vaghul is also on the Board of several companies. He is on the Board of Mahindra World City Developers Limited, Arcelor Mittal, Luxembourg, Wipro Limited, Piramal Health Care Limited, National Aviation Company of India Limited, IAL Airport Services Limited, Air India Air Transport Services Limited, Air India Engineering Services Limited, Apollo Hospitals Enterprise Limited, Arcelor Mittal Europe and Hemogenomics Private Limited.
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