Kalyan Jewellers Appoints Vinod Rai As Its Chairman

Kalyan Jewellers India Limited has announced board approval for the appointment of Mr. Vinod Rai as the Chairman and Independent Non-executive Director on the Board of the Company. The appointment will be subject to obtaining requisite regulatory and shareholders’ approvals. Mr. TS Kalyanaraman will continue as Managing Director on the Company’s board. 

Mr. Vinod Rai was the Former Comptroller and Auditor General of India and the former Chair of the United Nations Panel of External Auditors. Mr. Rai has held various positions within the Indian government as well as in state governments and has been instrumental in a wide variety of reforms in India, including as Chairman of the Banks Board Bureau, a body set up by the Indian government to reform public banking in India. Mr. Rai was awarded the Padma Bhushan, India’s third highest civilian award, in recognition of his services to the country. He has Masters degrees both in Economics as well as Public Administration from Delhi School of Economics, University of Delhi and the Harvard Kennedy School, Harvard University, USA, respectively. 

As Chairman, Mr. Vinod Rai’s appointment would make him the 8th non-executive director on the Board, joining Salil Nair (Former CEO, Shoppers Stop), Mr. Anil Nair (Former CEO, L&K Saatchi & Saatchi India), Mrs. Kishori Udeshi (Former Deputy Governor of the RBI), Mr. Anish Saraf (MD, Warburg Pincus India Private Limited), Mr. T.S. Anantharaman (Former Chairman, Catholic Syrian Bank), Mr. Mahalingam Ramaswamy (Former MD, State Bank of Travancore) and Mr. Agnihotra Dakshina Murty Chavali (Former ED of Indian Overseas Bank).

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