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Aside from the latest appointment on the board of SICOM, Paranjpe can be on the board of LIC Mutual Fund Trustee Pvt. Ltd. and Stelios Asset Administration Pvt. Ltd.
“The function of an unbiased director has been reworked in the previous couple of years from being an observer to an lively information for the businesses and therefore more and more corporations want to appoint on the board from numerous backgrounds with stable data of laws, regulation and company governance,” stated Paranjpe whereas confirming his appointment.
Mumbai-headquartered SICOM is likely one of the promoters of the Metropolis and Industrial Growth Company (CIDCO) that set the ball rolling for the event of the neighbouring metropolis of Navi Mumbai. The state government-owned firm can be thought-about to be one of many pioneers within the financing of roads and bridges on the Construct Function and Switch (BOT) mannequin.
At the moment, the State Authorities of Maharashtra owns 49% of SICOM, whereas it has about 21.15% overseas holding and the remaining 29.85 is held by different our bodies and corporates.
As per the corporate’s web site, other than Paranjpe, Rajib Sekhar Sahoo and Sandeep Chitnis are additionally unbiased administrators on the board of the corporate. Whereas Rahul Gupta is the nominee director for JC Flowers & Co and Dr Nitin Jawale is the managing director, Dr Harshdeep Kamble is the principal secretary of industries, Dr Vipin Sharma is the chief government officer of Maharashtra Industrial Growth Company (MIDC).
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