Minda Corporation Limited at the board meeting held on May 22, 2024, approved the appointment of Mr. Laxman Ramnarayan as an Additional/Independent Director of the Company with effect from May 22, 2024. Term of appointment: for a term of upto 5 (five) consecutive years with effect from May 22, 2024 to May 21, 2029. Mr. R. Laxman is a CMA and has done his MBA specialising in Finance from SP Jain Institute of Management and Research (SPJIMR), Mumbai Mr. Laxman is having specialization in Finance, Strategy and M&A, having led teams across Manufacturing, Private Equity and Investment Banking in a career spanning 30+ years.

Presently, he is associated with More Retail Pvt. Ltd. More Retail is a leading player in the retail grocery space in India. The company is ultimately held by funds managed by Samara Capital and Amazon.

Prior to this, he was Executive Director and Group CFO at Minda Corporation (4 years). Previously, he has been with Kotak Investment Banking (9 years), and before that Partner at Kotak Private Equity (8 years).