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Nomination & Remuneration Committee

Pursuant to the reconstitution of the Nomination & Remuneration Committee by the Board in its meeting held on 21.07.2023, the Nomination & Remuneration Committee comprises of 3 Non-Executive Directors (all of whom are Independent Directors). The Members of the committee are: Mr. Seturaman Mahalingam (Chairman), Mrs. Nirupama Rao & Mr. Marcel Fasswald

Mr. Seturaman Mahalingam

Mr. Seturaman Mahalingam

Independent Director

The terms of reference of the Committee inter alia, include the following:

  • Identifying persons who are qualified to become directors and who may be appointed in senior management in accordance with the criteria laid down and recommend to the Board their appointment and removal and carry out evaluation of every director’s performance.
  • Formulating criteria for determining qualifications, positive attributes and independence of a director and recommending to the Board a policy, relating to the remuneration of the directors, key managerial personnel and other employees.
  • Formulating criteria for evaluation of performance of Independent Directors and the Board.
  • Devising a policy on diversity of Board of Directors.
  • Recommending whether to extend or continue the term of appointment of independent director on the basis of the report of performance evaluation of Independent Directors.
  • Recommending to the Board, all remuneration, in whatever form, payable to Senior Management.
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Mr. Seturaman Mahalingam

Mr. Seturaman Mahalingam Independent Director

Mr. Seturaman Mahalingam, a chartered accountant by qualification, began his career as an IT consultant and thereafter played a major role in marketing Tata Consultancy Services (TCS) services across the globe, developing processes and creating large software development centres for the Company. He has held key positions such as Executive Director and Chief Financial Officer of TCS. Mr. Mahalingam retired from TCS in February 2013 after serving the company for over 42 years. Prior to becoming the Chief Financial Officer in February 2003, Mr. Mahalingam has managed many of the key functions in TCS including Marketing, Operations, Education and Training as well as Human Resources. He managed the company’s operations in London and New York in the early days of TCS’ global journey. Mr. Mahalingam has also been the President of Computer Society of India, The former Chairman of the Southern Region of Confederation of Indian Industry (CII), He was also the President of the Institute of Management Consultants of India. Mr. Mahalingam is the Chairman of CII National Council Task Force on Sector Skills Councils & Employment and was a member of the Tax Administration Reform Commission(TARC) set up by the Government of India under the chairmanship of Dr. Parthasarathi Shome. Mr. Mahalingam was chosen as the best ‘CFO” in various years by Business Today, International Market Assessment (IMA), CNBC TV18, CFO Innovation, Finance Asia and Institutional Investors. In 2012, Treasury & Risk, a US based magazine named him as one of the 16 globally most influential CFOs.

Mr. Seturaman Mahalingam is also Director on the Boards of Sundaram Fasteners Limited, Sundaram Home Finance Limited, TVS Infrastructure Investment Manager Private Limited, Divinion Advisory Services Private Limited, CSI Publications, Delphi- TVS Technologies Limited, IIT Madras Research Park, Lessonleap Academy India Private Limited, Association of CFO Welfare India and Indian Institute of Information Technology & Management Kerala.