Board of Directors

Hemant started his career with Maruti Suzuki in 1991 and worked in various departments responsible for supplier development.

He joined Mahindra & Mahindra Ltd. in 2000 and was inducted into the Scorpio team as Head - Supplier Technical Assistance. With the successful launch of Scorpio, Hemant was given the responsibility of Supplier Quality Head for the Automotive Sector of Mahindra Group. In 2007, Hemant became the Sourcing Head - Automotive Sector, a responsibility he executed till March 2010, when he was made the Manufacturing Head for the Automotive Division.

In Oct 2011, he was deputed to head Purchase Division of Ssangyong Motors in Korea; He established strong business relationships with Korean suppliers during this period and led the Ssangyong purchase team in reducing material costs. From April, 2012, Hemant came back to India to take charge as Chief Purchase Officer for Automotive and Farm Sectors.

Nityanath is a fellow member of the Institute of Chartered Accountants of India and a Commerce, and Law graduate from Mumbai University.

He has a Diploma in Management from Jamnalal Bajaj Institute of Management Studies, Mumbai. Nityanath was a Partner with Lovelock & Lewes, PricewaterhouseCoopers and Ernst & Young till 2007. He was Managing Director of JM Financial Asset Management Pvt. Ltd. and stepped down as Managing Director on June 30, 2009.

As a Partner of global accounting firms, he has extensive well-rounded experience of more than three decades in various areas like Finance, Assurance, Regulatory, Advisory and Taxation.

Over these years, he has advised Corporates on Inbound and Outbound investments, establishment of Joint Ventures, Mergers / Demergers / Acquisitions and Business Re-organizations, due diligences, etc. This advisory service has been across industries like Telecom, Insurance, Information Technology, Automobiles, FMCG, Pharmaceuticals, NBFC, etc.

Nityanath has worked extensively within finance and investment fields. He has also worked in various aspects of taxation like Inbound and Outbound investments, Transfer pricing, Regulatory approvals like FIPB, IRDA, SEBI, etc.

Presently, Nityanath is a Director in LIC Nomura Mutual Fund Trustee Company Pvt. Ltd., and National Peroxide Limited (Chairman - Audit Committee).

Anjali Raina is the Executive Director of the Harvard Business School India Research Centre. In her leadership role at the IRC

In her leadership role at the IRC, Anjali focuses on building and maintaining relationships with senior business leaders in the region to facilitate the work of the center in research, educational programs, community building and faculty development. The HBS IRC seeks to understand and document the emerging trends that are shaping the future of India and the region. It seeks to play a proactive role in the social transformation of India. It engages HBS faculty, shares knowledge and best practices through research and case studies with leaders who are driving India’s growth and development. In short, the IRC works to bring the best of Harvard to India and take the best of India to Harvard.

Under Anjali’s leadership, the HBS IRC has facilitated the writing of over 164 case studies on Indian Business Practice and supported half a dozen research projects. Anjali has co-authored several case studies such as Aadhaar: India’s ‘Unique Identification’ System, TeamLease: Putting India to Work (II) Legally; Pratham – Every Child in School and Learning Well; Naina Lal Kidwai: Investing in Her Country; Tech Mahindra and the Acquisition of Satyam Computers (A) as well as an HBR Article on The Ordinary Heroes of the Taj.

Since 2008, HBS IRC has run 32 executive education programs in India at the HBS style classroom in Mumbai for over 1651 business leaders on subjects ranging from Globalizing Indian enterprises, to Agri-business and held 166 lecture events covering over 10931 leaders. It has also supported the participation of 212 professors from premier Indian Business Schools in HBS’s Global Colloquium on Participant-Centered Learning which is a program that aims to help management educators improve their effectiveness through innovative teaching and course design.

The IRC also houses the Harvard University South Asia Institute (SAI) which advances teaching and research through an interfaculty initiative that brings multiple perspectives on topics related to South Asia. SAI facilitates the work of faculty and students at Harvard and in South Asia through faculty and student research grants. It also engages in outreach activities that include seminars, lectures and symposiums that are open to Harvard and the larger community.

Anjali wears several additional hats. She is a Director on the Board of Harvard Business Publishing, India, the Regional President (Western Region) of NHRDN, an Advisor to The Akanksha Foundation, Trustee to LIFE Trust, an Advisory Member on the Board of HBS Club of India, and on the Advisory Board of the Indian Business School.

Prior to joining HBS IRC Anjali spent 15 years with Citigroup India, most recently as Country Director, before which she worked for more than a decade with ANZ Grindlays Bank PLC. Anjali holds an MBA from the Indian Institute of Management, Calcutta, a bachelor's degree (Eng. Hons) from Loreto College and is an alumnus of HBS having completed the Advanced Management Program.

Senior executive with international experience, having lived and worked in Europe, Asia and the US for global financial services organisations.

Experience in delivering significant change, business growth, start up and restructuring. 

Joined XL India in October 2014 and in May 2015 following the acquisition of Catlin, Derek was appointed the Head of Enterprise shared services & Country Head with responsibilities for the combined businesses shared services covering centres in Arizona, Kuala Lumpur, UK, Poland and India. In April 2016 appointed as Global Head of Operations & Country Head with responsibilities for the global support services of XLCatlin.

Prior to this, in 2012, Derek was appointed Head of Retail and Commercial Markets, RBS India, predominantly responsible for the divestment of the Retail and Commercial Banking businesses in India. Derek had accountability for the management of the ongoing businesses and delivery of the transfer and exit of 24 branches, 1500 employees, and 1.2m clients. He was also responsible for the divestment programme with delivery across a number of key workstreams including Finance, IT, Marketing & Communications, Client Migration, Property, Legal, Compliance and Operations.

Prior to the move to India, Derek served as Executive Vice President, Consumer & Business Banking at Citizens Financial Group based in Boston USA for 3 years from 2009. As a member of the C&BB Board he led a team supporting Retail Banking, Business Banking and Wealth Management with accountability for Strategy & Change Management, Business Operations and Assurance, Distribution Strategy, Incentives Programmes, Sales Management Information and Analysis, Sales Development, Service Development and Internal Communications & Event Management.

Derek is a graduate of Southampton University (UK), holds a degree in Physiology and Biochemistry and has attended several Harvard Business School Executive Programmes.