Satavahana Ispat Limited
Sathavahana Ispat Limited

Directors

Name of Director

Designation

Age

Qualifications

Experience and Expertise

Mr.K.Thanu Pillai

Chairman

79

B.Com., M.B.A., CAIIB.

Over 38 years in Commercial Banking and Financial Management With State Bank Group including Board level experience.

Mr. A.S.Rao

Executive Vice Chairman

72

B.Tech (Metallurgy)

About four and a half decades in Iron and Steel Industry Including SAIL.

Mr. Syed Anis Hussain

Director

76

M.A.(Econ), CAIIB

Over 42 years in Banking-specialized in currency management, Urban Co-operative banking and administration, with Reserve Bank of India.

Mr.S.N Rao

Director

66

B.Tech (Mech)

Over four decades experience in Iron & Steel, Chemical industries in senior capacities

Mr.A.Naresh Kumar

Managing Director

44

B.Tech (Chem)., M.S.(U.S.A)

Over two decades experience in Project planning, Marketing Research, and General Management

Smt Prameela Rani Director 61 BSC,MBA,CAIIB Over three and a half  year experience in banking and financial management
Dr. Sreerama Mohan Rao Director 72 M.Sc, Ph.D (ag.physics) Over 40 years experience in research and training, consultancy
Dr. Shailendra Dasari Executive Director (Operations) 60 B.Tech.,PGDM(IIMA),Ph.D. Over 30 years Industrial experience and 5 years as faculty in teaching

Whole Time Directors

Mr. A.S.Rao, Executive Vice Chairman

SIL is promoted by Mr. A.S.Rao a technocrat, first generation entrepreneur. Mr. Rao is a B.Tech. (Metallurgy) with over four and a half decades of experience in Iron and Steel industry. Mr. Rao had a long career of about 22 years with Steel Authority of India Limited (SAIL), the largest public sector undertaking for manufacture of Iron and Steel in India, owned by the Government of India. Mr. Rao pursued his industrial career with two small units for manufacture of alloys and re-rolling, which were eventually hived off to take up the present unit during the economic liberalization of India in 1991.  Mr. Rao is director on the board of the company since inception and presently is the Executive Vice Chairman of the Board.

Mr. A.Naresh Kumar, Managing Director

Mr. A. Naresh Kumar is another promoter director and is the eldest son of Mr. A.S.Rao. Mr. Naresh is by profession a Chemical Engineer with a Masters from United States. He had a four year stint with transnational companies in U.S. before joining SIL as a full time director. He is director on the board of SIL since inception and was elevated to the position of Managing Director in 1999 which he continues to hold today. Mr. Naresh manages the day to day affairs of SIL under overall superintendence, control and guidance of the Board of Directors of the company. Mr. Naresh is the brain behind the expansion and modernization of the Brownfield operations involving capacity addition of 90000 tpa of Pig Iron and for setting up a Greenfield project for manufacture of 300,000 tpa of Metallurgical Coke and 30 MW of Co-generation Power which capacities were further increased to 450,000 tpa and 50 MW respectively.

Mr. A.S.Rao together with his family members and Friends holds at present 37.95% of the equity capital of the company. He and his family members are the Promoters of the company.

Mr. Dr. Shailendra Dasari, Executive Director (Operations) (w.e.f 01.10.2015)

Mr. Dr. Shailendra Dasari, B.Tech.,PGDM(IIMA),Ph.D., is a Graduate in Electronics and Communication Engineering and holds a Master in Business Management from one of the premier management teaching institutions in India. He also holds a doctorate in Business Management. He has rich and varied industrial experience and also in Pipe manufacturing.

Dr. Shailendra Dasari has been associated with the Company for about last sixth months in the capacity of President and overseeing the operations of the Company at Haresamudram Village, Bommanahal Mandal, Anantapuramu District, Andhra Pradesh. Dr. Dasari in his capacity as a President has gained good experience on the operations of the Company. He is actively associated in streamlining the newly commissioned Ductile Iron Pipe making facility.



Profile of Non-Executive Directors:

1. Mr. K.Thanu Pillai, B.Com., CAIIB, M.B.A., is a retired banking professional who has served State Bank Group for about 35 years and retired as Managing Director of State Bank of Hyderabad. He is an independent Director on the Board of Directors of the Company and is the Chairman of the company. Mr. Thanu Pillai is a Director on several other companies with rich experience in commercial banking and financial management.

2. Mr. Syed Anis Hussain had his entire career in Reserve Bank of India and retired as its ‘Executive Director’ in the year 1998. He also served as Banking Ombudsman for Andhra Pradesh for over three years. Mr. Hussain is an M.A.(Econ), C.A.I.I.B., with specializations in Banking-specialized in currency management, Urban Co-operative banking and administration.

Earlier he was on the Boards of

  1. Bharatiya Reserve Bank Note Mudran Private Limited,
  2. Indian Immunologicals Limited and
  3. RBI nominee Director on the Boards of three Nationalised banks Viz; Andhra Bank, United Bank of India and Indian Bank.

At present he is a director on the boards of a few other companies.

3. Mr. S.N Rao, Director is a Mechanical Engineer by profession. He has gained wide experience from working with several leading companies in the Iron &Steel and Chemical industries. He has been with the company for about 13 years as Executive Director (Works) and recently retired from whole time director and is now functioning as an independent and professional director. He has contributed significantly to improve the operational efficiency of the company by constantly endeavoring to improve capacity utilisation and reduction in inputs and input costs.

4. Smt Prameela Rani had her entire career in Andhra Bank and retired as its ‘General Manager’ in the year 2013. She also served earlier as Nominee Director on the Boards of KSK Trust Private Limited and Andhra Bank Financial Services Limited. Smt. Prameela Rani is a Science graduate with M.B.A., C.A.I.I.B., and specialized in credit management and administration. She has wide experience in banking and finance.

5. Dr Sreerama Mohan Rao is a post graduate in Science and holds a Ph.D., in Agriculture Physics. He was Head and Principal Scientist with ICAR, Soil & Water conservation Research Centre, Bellary, Acting Director during 1992-94 Central Soil and water Cons. Research & Training Institute, ICAR, Dehradun and handled several other consultancy assignments for Government of Karnataka, Andhra Pradesh in the Management of Natural Resources, Sujala Water Sheds, Community based Tank Management, WASH cost Project, Watershed Development etc., He has been conferred upon Awards twice for Watershed Management by National Productivity Council, New Delhi. He has also been awarded Dr. K.G.Tejawani Award for excellence in Research and Training and development program for Natural Resources Management.

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