Corporate Governance

Mr Anil Agarwal is the Non- Executive Chairman of Vedanta Iron and Steel Limited. He is the Non-Executive Chairman of Vedanta Limited and has been the Executive Chairman of Vedanta Resources since March 2005. He founded the Vedanta Group in 1976 and has over four decades of entrepreneurial experience. He has helped shape the strategic vision of the Company to contribute to the larger purpose of uplifting communities. Under his leadership, Vedanta has grown from an Indian domestic miner to a global natural resources group, with a world-class portfolio of large, diversified assets in oil and gas, zinc, silver, aluminium, copper, nickel, iron and steel and power that are capable of generating strong cash flows.

Mr. Agarwal’s vision to empower the nation by achieving self-sufficiency in the natural resources sector. Over the years, he has invested over US$35 billion for the development of the natural resources sector in India. He has also been a strong advocate for the growth of the MSME sector and startups in India.

Mr. Agarwal believes that businesses must give back to the society and help them prosper. He has pledged 75% of his wealth for social good. He has signed The Giving Pledge, a movement of global philanthropists we have committed to giving away the majority of their wealth towards philanthropic and charitable causes. Mr. Agarwal is committed to promoting the well-being of the communities with a focus on women and child development. His dream project, Nand Ghar, is developing model anganwadis across India that are focused on eradicating child malnutrition, providing education, healthcare and empowering women with skill development. Mr. Agarwal is also committed to nurturing the youth through the promotion of sports and grassroot talent by developing state of the art sports infrastructure in India.

The Anil Agarwal Foundation is committed towards empowering communities, transforming lives and facilitating nation building through sustainable and inclusive growth. The Foundation has teamed up with the Bill & Melinda Gates Foundation to improve health and nutritional outcomes.

Other Directorships

Mr. Pankaj Kumar Sharma is a distinguished industry leader with 26+ years of expertise across the cement, metals, manufacturing & mining sectors. A Mechanical Engineering graduate, he further enhanced his credentials as a certified TQM Professional from AOTS, Japan.

Since 2018, Mr. Sharma has been an integral part of Vedanta Ltd., where he has spearheaded initiatives to strengthen operational efficiency and strategic growth. Within the Vedanta ecosystem, he has held senior leadership roles at Hindustan Zinc Ltd. and BALCO, driving business transformation and organizational excellence. His tenure as Chief Executive Officer & Whole-Time Director of Ferro Alloys Corporation Limited highlighted his ability to deliver results in complex industrial mining environments.

Earlier in his career, Mr. Sharma built a strong foundation with reputed organizations such as ACC Ltd., Lafarge Holcim, CTIL & JSW Cement gaining diverse exposure across operations and management. His leadership journey is reinforced by executive development programs from globally renowned institutions, including IMD Lausanne, IIM Ahmedabad, ISB Hyderabad, and the University of St. Gallen, Switzerland.

Recognized for his technical acumen, strategic vision, and ability to inspire high-performing teams, Mr. Sharma continues to contribute meaningfully to industrial growth and transformation.

Mr. Anirudhha Narayan Joshi is the Non-Executive Director on the Board of our Company. He is a distinguished mining professional with over four decades of expertise in mining operations, environmental management, and resource recovery. A graduate in Mining Engineering from IIT Kharagpur (1978), he earned his First Class Mine Manager’s Certificate (Opencast Mines) in 1981.

His career spans leadership roles across Rourkela and Vizag Steel, followed by 22 years at Sesa Goa, where he played a pivotal role in pioneering quality and environmental management systems in Indian mining.

As Acting CEO of Sesa Goa, he steered the company through critical phases of growth and global outreach, including extensive engagements in China, Japan, and Europe for iron ore marketing. In recognition of his outstanding contributions, he was honoured as an ‘Eminent Mining Engineer’ by the Institute of Engineers in 2019.

Even after retiring in 2015, he continues to drive innovation in sustainable mining, focusing on recovering value from mining and smelting waste-turning challenges into opportunities for the future of the industry.

Other Directorships

Mr. Dibyendu Bose is a Non-Executive Independent Director on the Board of our Company. He brings over three decades of industrial leadership across geographies, having been a key member of the Tata Steel leadership team.

Over his career, he has held P&L responsibilities, managed joint ventures with international partners, and led large corporate functions. He has also served on the boards of several Tata Steel group companies, chairing several amongst them, and played a pivotal role in steering its corporate centre, overseeing people development and performance management. Prior to his superannuation, he held the position of Vice President, Supply Chain, Tata Steel, where he drove strategic efficiencies across global operations.

Today, he continues to contribute to industry as a board member of select Indian corporates and as an advisor to a leading marine services organisation. An accomplished professional, he is a Mining Engineer from the Indian School of Mines, Dhanbad, and holds an MBA from IIM Calcutta.

Based in Kolkata with his wife and daughter, he combines his professional expertise with a deep personal passion for aviation, travel, and hospitality, reflecting his enduring curiosity and global outlook.

Other Directorships

Ms. Shabnam Sinha is the Non-Executive Independent Director on the Board of our Company. She is a seasoned development finance and governance professional with over 30 years of experience across development banking; investment and blended finance; public policy; philanthropy; private capital mobilization; and impact measurement.

Formerly with the World Bank, she has contributed to management oversight, audits, and risk mitigation strategies across a loan portfolio and advisory products of about US$4 billion, covering India, South Asia, East Asia (Korea, Indonesia, Vietnam, Singapore), and Africa. Her expertise spans skills and jobs, MSMEs, entrepreneurship and startups, women’s livelihoods, and human capital growth. She has extensive experience from the World Bank in overseeing environmental and social safeguards across large-scale investment financing operations, encompassing sustainability governance, social risk mitigation, fiduciary oversight, and stakeholder accountability.

She brings experience in overseeing large portfolios with strong fiduciary discipline, leading P&L-driven growth as a CEO, and advancing last-mile financial access through SHGs, MSMEs, and Business Correspondent–led models. She has worked extensively with Self-Help Groups (SHGs) as platforms for collective action, linking rural women to banks, government institutions, and markets to improve access to finance, technology, skills, and livelihoods, including scaling inclusive finance through AI, machine learning, and big data.

Her expertise includes technology-enabled credit governance and regulatory engagement, supporting banks and NBFCs to strengthen asset quality, de-risk growth, and scale responsibly while advancing financial inclusion. She has trained at Harvard Business School on Women on Boards: Succeeding as a Corporate Director and at Oxford University on Impact Investing.

Other Directorships

Mr. Vadalur Subramaniam Radhakrishnan is a Non-Executive Independent Director on the Board of our Company. With over three decades at State Bank of India (SBI), culminating as Deputy Managing Director (2020–2023), he led the Commercial Clients Group and the Project Finance Strategic Business Unit, India’s largest infrastructure finance entity. His portfolio included renewable energy, power, roads, ports, oil & gas, and several large & top corporate groups in the country.

He has spearheaded the resolution of major stressed assets, including Bhushan Steel (USD 8 bn debt, USD 5.2 bn recovered) and Essar Steel (USD 7 bn debt, USD 6 bn recovery announced). Earlier, as Chief General Manager (Corporate Accounts Group), he managed USD 51 bn across India’s largest corporates, and as Region Head, New Delhi, oversaw USD 10.8 bn in steel and power portfolios.

His career also included international banking experience in Los Angeles and leadership across retail, SME, corporate credit, forex, and treasury. Beyond SBI, he has held board roles & served as Independent Director with prominent corporate groups in India. He holds dual master’s degrees in commerce and business administration, is a CAIIB, and has completed executive education at Wharton and Harvard Business School.

Other Directorships