Justice Prakash Prabhakar Naolekar (Retd.)
Chairman and Independent Director

Justice Prakash Prabhakar Naolekar passed LL.B from Jabalpur University and joined the Bar in December 1965 in the Chamber of Hon’ble Mr Justice A.P. Sen and later Hon’ble Mr Justice J.S. Verma.

Justice Naolekar practised in Civil, Criminal, Constitution, Company Labour & Service matters. He was appointed as permanent Judge on the Bench of Madhya Pradesh High Court in 1992, transferred to Rajasthan High Court in 1994 and appointed as Chief Justice of the Guwahati High Court in 2002. Later in 2004, he was elevated as Judge of Supreme Court. He retired in 2008 and thereafter selected as Lokayukta in Madhya Pradesh in 2008 and continued in that position till 2016.

Mr. U.S. Paliwal
Independent Director

Mr Uma Shankar Paliwal is a post graduate in Economics and History and an M. Phil with more than 34 years of experience in Central Banking. With scholarship under the Golden Jubilee Scheme of RBI, he completed his MBA in Financial Management from the University of Exeter, UK and is also an Alumnus of the London Business School.

During his term with RBI, he has extensively worked in the areas of Regulation and Supervision, Risk Management, Consumer Education and Protection, Payment and Settlement Systems, Operations, Strategy, Human Resources, Inspection, Foreign Exchange, Currency Management,etc.

Mr. Paliwal has also worked as Director-Supervision at Bank of Mauritius . He was also appointed as RBI’s Nominee Director on the Boards of three Public Sector banks in India viz., State Bank of Mysore, Dena Bank and Corporation Bank.

As an Executive Director at RBI, he has handled portfolios pertaining to Financial Inclusion and Development, Consumer Education and Protection, Human Resource Management, Currency Management and the Board of RBI.

Mr. Dhan Raj
Independent Director

Mr. Dhan Raj has worked in the Ministry of Corporate Affairs at several positions. He has acquired excellent exposure in the field of finance, securitization, one-time settlement, asset reconstruction, rehabilitation, liquidation, etc. He had also joined Company Law Board as Member (Technical) on 16.05.2012 and worked there till its dissolution on 01.06.2016. During this period, He had also exercised judicial powers under the provisions of the Companies Act, 1956 / 2013.

Mr. Kishore Kumar Sansi
Independent Director

Mr. Kishore Kumar Sansi is a post graduate in Science and Technology. He held the position of Managing Director & CEO of Vijaya Bank from January’ 2015 to August 2017. He also held the position of Executive Director in the Punjab & Sind Bank from August’ 2013 to December’ 2014 and General Manager in Oriental Bank of Commerce from November’ 2010 to August’ 2013.

Ms. Gurpreet Kaur
Executive Director cum Whole Time Director

Ms. Gurpreet Kaur is a fellow member of Institute of Company Secretary of India and is also a Post Graduate in commerce stream. She has a good knowledge of Corporate Laws, Recovery Laws, Accounts, Finance and Taxation laws.

She has been a part of UVARCL since its inception and has evolved the strategic direction for the company and its business, while nurturing a strong leadership team to drive its execution. She has continuously demonstrated a positive attitude and preserverance. Her consistent positive attitude and valuable insights resulted in the company's business into tangible profits. Ms Gurpreet Kaur possesses unique perspective and is a tremendous asset to UVARCL. For her outstanding and unflinching contribution, she has been promoted as an Executive cum Whole Time Director of UVARC.

Mr. Ritesh Aggarwal
Executive Director cum Whole Time Director & Chief Financial Officer

Mr. Ritesh Aggarwal is a chartered Accountant with a Bacheror's degree in Commerce from Delhi University. He has worked with major private and foreign banks like Citibank, Standard Chartered Bank, Barclays and ICICI Bank with over 13 years of rich and diverse experience across segments like steel, power, infrastructure, oil & gas, auto, paper, customer goods etc.

Mr. Aggarwal has a strong track record of successful resolution of stressed assets including some highly complex and large value assets. He is best known for his unconventional means for resolution of stressed assets and turnaround strategies. He has deep interest in Forensic Accounting and Fraud lnvestigations and has been instrumental for identification and investigation of some of tle large value fraud cases in banking sector.

At UVARCL, Mr. Aggarwal has led the company to bag some of the most complex assets under IBC and is leading the team to turnaround some of the key assets. He is actively engaged in acquisition and resolution of key assets. He has recently been elevated to the Board position with additional responsibility of finance.

Mr. Mayank Dinesh Shah
Non-Executive (Professional) Director

Mr. Mayank Dinesh Shah has worked in various branches and administrative offices of the Central Bank of India in various capacities in departments like International Division, Credit Department, Transaction Banking Department, I.T. Department etc. He also held Senior Regional Manager's position at Chennai and south Mumbai and position of General Manager (SAM & RECV) at Central Bank of India, Central Office, Mumbai.