Governing Board

Governance Structure

CA (Dr.) Sushil Kumar Lal

Chairman & Independent Director

B. Sc., FCA, Ph.D (IFRS converged)

CA (Dr.) Sushil Kumar Lal is a Fellow Member of the Institute of Chartered Accountants of India, New Delhi and Senior Partner of Peer Reviewed (Level- I) Chartered Accountants Firm, New Delhi.

Dr. Lal has completed Certification Course on Alternative Dispute Resolution (ADR) which deals in Arbitration, Mediation, Conciliation and Negotiations & Forensic Accounting and Fraud Detection (FAFD) and Ind AS from Institute of Chartered Accountants of India, New Delhi.

Dr. Lal is visiting faculty of Indian Institute of Corporate Affairs for 11 month Valuation Course under Ministry of Corporate Affairs and empanelled as peer reviewer by the Peer Review Board of ICAI.

He was nominated as Co-opted member on the Committee on Accounting Standards for Local Bodies of NIRC of the ICAI for 2019-20, Deputy Convener of Accounting Standard Research Study Group of NIRC of ICAI (2011) and Member of Accounting Standard Research Study Group of NIRC of ICAI (2010).

In 2010, Dr. Lal was nominated as a Technical Advisor of The Institute of Chartered Accountants of Nepal.

He was Member of Finance Committee of Delhi Management Association (DMA), Delhi from 2018 to 2020 and Think Tank for finance committee of Delhi Management Association (DMA), Delhi in the year 2017-18.

Dr. Lal has diverse experience in implementation of International Financial Reporting Standard (IFRS), Indian Accounting Standards (IndAS),Nepal Financial Reporting Standards (NFRS), Accounting Standards and consultancy in various fields such as Taxation(Direct & Indirect), Accounting, Auditing, Banking, NBFC, Corporate Governance, Corporate& Finance Strategy.

Dr. Lal has enlightened the Audit Committee/ Top Management of Union Bank of India on various facts of Ind AS and the implications on implementation of the same in Bank. He has conducted training session on IFRS-9, IFRS-13 and Internal Controls in banking sector in Agricultural Development Bank (ADB), Nepal and also enlightened the Board/Top Management of ADB to implement NFRS in bank especially in estimating Expected Credit Loss (ECL) and Asset Valuation in Deposit and Credit Guarantee Fund (DCGF).

He was awarded for Commendable Contribution in activities of the profession from Northern India Regional Council of ICAI on 20th February, 2016 and received Certificate of Appreciation from the Institute of Chartered Accountants of Nepal (ICAN) in the gracious presence of Hon’ble Dr. Ram Baran Yadav, President of Federal Democratic Republic of Nepal in 2014.

Dr. Lal who firmly believes in Generation, Distribution & Sharing of knowledge. He has trained many CAs and other professionals for implementation and compliance of Indian Accounting Standards (Ind AS) and Accounting Standards (AS). He has attended more than 500 Audit committee meetings of the listed, unlisted Companies, Public Sector Undertaking and NBFC.

Read more

Independent Directors

CA Vijay Kumar Goel

B.Com(H), FCA
Former Independent Director of Indian Bank.
Gopal Kumar

Gopal Kumar

MBE (Finance), CFP. DBF, Fellow-Institute of Actuaries of India

Mr. Kumar is a generalist consultant with specialised qualifications and diversified skills in the areas of Actuarial Science, Finance, Econometrics , strategic management consulting and Financial Planning with more than 24 years of professional experience in the areas of product pricing, statutory valuation, actuarial audit, peer review, employee benefits valuation, risk management, business planning, economic research, business journalism and academics. His academic and professional qualifications include B. Sc (H) Statistics and Masters in Business Economics (MBE) with specialization in Finance & Econometrics from University of Delhi. He is also a Certified Financial Planner (CFP) and has Completed Diploma in Business Finance (DBF) from ICFAI. He is a Fellow member of Institute of Actuaries of India (FIAI) and a member of the Institute and faculty of Actuaries, UK.

Professional Profile

  • Consulting Appointed Actuary with 2 life insurance companies and Peer Reviewer of Appointed Actuary’s work for two Life and two non-life companies.
  • Extensive experience in insurance/actuarial domain in Product pricing and statutory valuation (Data, assumptions, reserves computation, Solvency position, ARA & AAA Reports)
  • Actuarial valuation of gratuity, leave encashment, pension and other benefits such as employee stock options
  • Experience in Risk Management consulting, Developed an Insurance Risk Management Framework for an Insurance Company
  • Actuarial Audit Experience (Product Pricing, Modeling and Statutory Valuation) of various Companies
  • Worked on a project for Valuation (Appraisal Value) of a life insurance company
  • Views on insurance industry have been quoted in the Times of India, The Economic Times, The Financial Express, The Mint, Money Control, Zee Business, News 18, and CNBC.
  • Authored a book on Actuarial Aspects of Product Development published by Insurance Institute of India.
  • Visiting/Guest Faculty with Insurance Institute of India and National Insurance Academy
  • Chairman-Advisory Group on Communication - Institute of Actuaries of India and Member- Advisory Group on Banking, Finance & Investments - Institute of Actuaries of India

Gopal Kumar

MBE (Finance), CFP. DBF, Fellow-Institute of Actuaries of India
CA Bhagwan Das Gupta

CA Bhagwan Das Gupta

CA. Bhagwan Das Gupta is a commerce graduate from Delhi University. He qualified as a Chartered Accountant in 1987 and is practicing since then. He is a senior partner in B. D. Gupta & Associates and has an experience of more than 34 years in the field of auditing, banking and taxation.

He has represented Northern India CA Students Association as Vice chairman in 1982-85.

He was elected to the Northern India Regional Council (2004-07) and elected its Secretary in 2004-05, Vice Chairman 2005-06 and again Vice chairman (2006-07) he was reelected to NIRC of ICAI for the years 2007-10 and became its Chairman in 2009.

As a member and office bearer of NIRC of ICAI he headed various Committees including Professional Development Committee, Committee for members in practice, Study Circle Coordination committee as Chairman.

He is a regular speaker on bank audit and bank related topics including Concurrent audit of banks and Project Finance. He has also addressed seminars on Companies Act and CARO. Also he is a regular faculty on Concurrent Audit of Banks organized by Internal Auditing Standards Board of ICAI. He is associated with various social organizations such as Bharat Vikash Parishad, Vanwasi Raksha Pariwar Foundation, Bhartiya Vitta Salahakar Samiti, Mathur Vaishya Mahasabha and Shree Govardhan Sewa Nyas.

CA Bhagwan Das Gupta

FCA, B.Com(H)- Delhi University
Mr. Arohan Maggo

Mr. Arohan Maggo

B.E. (Civil)

Mr. Arohan Maggo did his schooling from Modern School Barakhamba Road and graduation in Civil Engineering from Bharati Vidyapeeth/MRIIRS. He has published a research paper in the field of Nanotechnology and Smart Structures and also done projects on Composite Structures and Air Pollution. He has been a part of One Day Workshop on Innovative Practices in Cement and Construction Industry and also been awarded prize in Cube Casting Competition. He has been extensively involved in supervision of construction and valuation of residential and commercial projects. He is also pursuing Law. He is also on the board of companies eg. Indian Institute of Merchant Banking and Arohan Consultants Pvt. Ltd. He has been also associated with various NGO's and Trusts like Swatcchtam Swastham Sundaram an initiative for Swacch Bharat, World Maggo's Foundation and ISH Foundation.

Mr. Arohan Maggo

B.E. (Civil)






Directors
CA Avineesh Matta

CA Avineesh Matta

B.Com., FCA, DISA (ICAI), LLB., Insolvency Professional Independent Director of Ircon International Ltd., Former Technical Director of certificate course on valuation ICAI), Former Technical Director of certificate course on Master in Business Finance (ICAI)

CA Matta is a Certified Valuer by ICAI and over three decades of hands-on professional involvement, he has worked through myriad engagements and have multidisciplinary experience in Financial Audit, Special purpose audit, Performance and Management Audits, Inventory audit, Fixed Assets’ audit, Business Valuations, Taxation including International Taxation, Foreign Exchange, Corporate laws and issues related to non-profit institutions.He has rendered his expertise to several programs and courses of ICAI. He served as Technical Reviewer with Financial Reporting Review Board (ICAI), Reviewer with Peer Review Board (ICAI), Course Technical Director, Certificate Course on Valuation (ICAI), Convener of Corporate Affairs Standards Study Group on Valuation Standards (ICAI) and Convener (2007-08) of Accounting Standards Study Group (NIRC of ICAI). He has also been member of Company Law Study Group, Arbitration Panel Study Group and Study Group on Course on Business Valuation (ICAI).

CA Avineesh Matta

Non-Executive

B.Com., FCA, DISA (ICAI), LLB., Insolvency Professional Independent Director of Ircon International Ltd., Former Technical Director of certificate course on valuation ICAI), Former Technical Director of certificate course on Master in Business Finance (ICAI)
CA Denesh Singh

CA Denesh Singh

B.Com(H) BHU, FCA, MBA (Finance), Former Independent Director of United Bank of India.

CA Denesh Singh is a Fellow Member of the Institute of Chartered Accountants of India, MBA & B.Com from BHU. He is the Honorary Vice President, ACCMAN Institute of Management, approved by AICTE, Ministry of HRD, Government of India since 2006. He is Imparting Financial Consultancy to several leading corporate in the areas of Financial Remodeling, Taxation, Project Financing and Auditing. He has successfully arranged and executed 2-weeks’ residential Training for foreign delegates of the United Nations Food & Agricultural Organization (UN-FAO) Team on “Financial Management for Development Projects” at Greater Noida during the last financial year. Me. Singh is a former Independent Director of United Bank of India.

CA Denesh Singh

Non-Executive

B. Com., FCA, MBA (Finance), Independent Director of United Bank of India.
CA Alok Jain

CA Alok Jain

B. Com., FCA, Registered Valuer

Mr. Alok Jain is a Registered Valuer, Fellow Member of the Institute of Chartered Accountants of India & B.Com (H) from Delhi University. He is also having a SAP Consultant Certification in SAP FICO Module from Siemens Information Systems Limited. He has served as an Independent Director in Jain Cooperative Bank Ltd in 2014-15. He has performed Audit of Public Sector Undertakings MTNL , Banks and Financial Institutions, large and medium scale listed and non-listed corporate, non-corporate entities, Educational Institutions/Trusts and other Government Departments.

CA Alok Jain

Non-Executive

B. Com., FCA, Registered Valuer

Ms Savita Singh

M.Com, LLB
Managing Director


















Managerial Personnel

Ms Swati Rai

CEO

B. Sc., MBA (Finance)