Board of Directors
MAL
Mahindra Accelo Ltd. (MAL), formerly known as Mahindra Intertrade Ltd, is a wholly owned subsidiary of Mahindra & Mahindra Limited (M&M). MAL is engaged in Mobility and Energy component business including vehicle recycling. It operates out of 3 locations including Pune, Nashik and Vadodara. It is the parent company of the other Mahindra Accelo Group companies.
Mr. Ranjan Pant
Chairman
Mr. Sumit Issar
Managing Director
Mr. Parag Shah
Director
Mr. Mohit Kapoor
Director
Ms. Jasmine Kaur
Director
Mr. Ashok Kumar Barat
Independent Director
Vice Admiral Anil Kumar Chopra
Independent Director
Mr. Anil Chaudhry
Independent Director
Mr. Ranjan Pant
ChairmanMr. Ranjan Pant is a CEO Advisor, global strategy & change management consultant with over 30 years experience. In the last two decades, he has been a Board Director of several major companies. He earned a Bachelor in Mechanical Engineering Honours from BITS, Pilani and an MBA in Finance from The Wharton School, University of Pennsylvania. Pant began his career at Bain & Co., a Consulting firm, where he led the energy and utilities practice. He was also a director of internal consulting at General Electric.
Mr. Sumit Issar
Managing DirectorMr. Sumit Issar is the Managing Director of Mahindra Accelo Ltd. and Mahindra Steel Service Centre Ltd. He also serves as a Director on the Board of Mahindra MSTC Recycling Pvt. Ltd. (CERO) and holds Board positions at Mahindra Auto Steel Pvt. Ltd., Mahindra Middle East, and PT Mahindra Auto Steel Indonesia contributing to the Mahindra Group’s expanding global presence in steel, mobility, and sustainable solutions. A Mechanical Engineer (Honours) from Birla Institute of Technology, with a postgraduate qualification in Marketing, he brings nearly three decades of diverse industry experience spanning Sales, Marketing, Sourcing, Operations, and Supply Chain Management. His leadership is defined by a strong focus on innovation, sustainability, and global collaboration.
Mr. Parag Shah
DirectorMr. Parag Shah is Head, Mahindra Accelo and a member of Group Executive Boards of the Mahindra Group. He is also the Member of Group Sustainability Council. In a career spanning 22+ years, Parag has held various positions within the Mahindra Group. He has extensive experience in building new businesses, startups, turn arounds, joint ventures and mergers and acquisitions.
Mr. Mohit Kapoor
DirectorMr. Mohit Kapoor, BE Electronics is currently the Group Chief Technology Officer at the Mahindra Group. He is responsible for driving the group’s ambitious digital transformation agenda working closely with the group businesses and by leveraging emerging technologies to create new business models and transform customer experiences across the diverse set ofcompanies. He is part of the Group Executive Board and is a Director on the Board of Mahindra Accelo, Mahindra TEQO, & Bristlecone Limited. He is a member of AI for India-2030 council at the World Economic Forum. Mr. Mohit Kapoor joined the Mahindra Group in October 2020 from DBS Bank where he was the head of technology optimization and head of Asia Hub at Hyderabad. He led the development of digital banking capabilities focusing on technology innovation across Data/AI, Cloud, DevOps amongst other deep engineering areas. He brings with him over 30 years of experience in Global Technology & Operations. Prior to joining DBS, he was the Chief Technology Officer for Bank of Americas global business services across the world and the CIO at MphasiS before that.
Ms. Jasmine Kaur
DirectorMs. Jasmine Kaur currently heads Insurance & Investments at Mahindra Finance. Prior to the current role, she served as Vice President in the Group Partnership & Alliances team at the Mahindra Group and played a key role in various growth opportunities and worked with Group companies to take strategic decisions. Prior to Mahindra Group, Jasmine spent over 15 years in investment banking with UBS and Nomura, working in their London and Mumbai offices. During her investment banking career, she advised both global and Indian corporations on advisory, equity, and debt capital market transactions of greater than USD30 billion. Some of the key transactions include IPO of HDFC Life, IPO of InterGlobe Aviation, Bond for Lodha developers, Sale of Bharat Light & Power to Enel Green, Osram’s spin-off from Siemens, Acquisition of Volvo Aerospace by GKN, Demerger of Fiat-split between automotive and industrial segments etc. She is a Director on the board of Mahindra Auto Steel Private Limited, Mahindra MSTC Recycling Private Limited, Mahindra Electric Steel Private Limited, Mahindra Sustainable Energy Private Limited, Mahindra MiddleEast Electrical Steel Service Centre FZC (MME) and PT Mahindra Accelo Steel Indonesia.
Mr. Ashok Kumar Barat
Independent DirectorMr. Ashok Barat, an Independent Director, is a Fellow of the Institute of Chartered Accountants of India and of the Institute of Company Secretaries of India, an Associate of the Institute of Chartered Accountants of England and Wales and a CPA, Australia. He has held responsible and senior leadership positions in various Indian and multinational organisations, in India and overseas. He is on the Boards of several companies. He also advises businesses on governance, performance and strategy. He is a past president of Bombay Chamber of Commerce & Industry and of the Council of EU Chambers of Commerce in India. He is an Independent Director on the board of Bata India Limited, Mahindra Accelo Limited, Huhtamaki India Limited, Alembic Pharmaceuticals Limited, JSW Paints Limited (formerly known as JSW Paints Private Limited), Everest Industries Limited, GE Power India Limited, Aarti Industries Limited, Eveready Industries India Limited and JSW UAV Limited.
Vice Admiral Anil Kumar Chopra
Independent DirectorVice Admiral Anil Chopra, PVSM, AVSM (RETD) Commissioned into the Indian Navy in 1975, Vice Admiral Anil Chopra rendered forty years of distinguished service in uniform. He has the unique distinction of having been the Commander- in-Chief of both the combatant commands of the Indian Navy, i.e. the Western Naval Command, and the Eastern Naval Command; as well as being the Director General of the Indian Coast Guard for three years in the immediate aftermath of the 2008 Mumbai terror attacks.
Mr. Anil Chaudhry
Independent DirectorA distinguished global leader and recipient of the Chevalier de la Légion d’Honneur (Knight of the Legion of Honour) offering over 40 years of experience in driving multi-billion dollar industrial transformations. Architect of the strategy that scaled India into a top-three global hub & market for a Fortune 500 major, delivering high-stakes M&A execution (including a landmark $2B acquisition) and pioneering global ESG frameworks. Under his leadership (2013-2023), the India business grew 3x in revenue and 4.5x in profitability, becoming Schneider Electric’s key hub for talent, innovation, and manufacturing. Currently serving as an Independent Director and Advisor across diverse sectors, including Aviation, Infrastructure, Life Style, Consumer Goods and Lifesciences, bringing a unique blend of operational rigors and strategic governance.
MSSCL
Mahindra Steel Service Centre Ltd is a joint venture between Mahindra Accelo and Metal One Corporation, Japan formed way back in 1993. It is engaged in Mobility and Energy component business. It operates out of 5 facilities across Pune, Bhopal, Noida, and Chennai
Mr. Ranjan Pant
Chairman
Mr. Sumit Issar
Managing Director
Mr. Vijay Arora
Director
Mr. Kenji Hatakeyama
DirectorMr. Nobuyuki Kawakita
Director
Vice Admiral Anil Kumar Chopra
Independent DirectorMs. Chandra Iyer
Independent Director
Mr. Ranjan Pant
ChairmanMr. Ranjan Pant is a CEO Advisor, global strategy & change management consultant with over 30 years experience. In the last two decades, he has been a Board Director of several major companies. He earned a Bachelor in Mechanical Engineering Honours from BITS, Pilani and an MBA in Finance from The Wharton School, University of Pennsylvania. Pant began his career at Bain & Co., a Consulting firm, where he led the energy and utilities practice. He was also a director of internal consulting at General Electric.
Mr. Sumit Issar
Managing DirectorMr. Sumit Issar is the Managing Director of Mahindra Accelo Ltd. and Mahindra Steel Service Centre Ltd. He also serves as a Director on the Board of Mahindra MSTC Recycling Pvt. Ltd. (CERO) and holds Board positions at Mahindra Auto Steel Pvt. Ltd., Mahindra Middle East, and PT Mahindra Auto Steel Indonesia contributing to the Mahindra Group’s expanding global presence in steel, mobility, and sustainable solutions. A Mechanical Engineer (Honours) from Birla Institute of Technology, with a postgraduate qualification in Marketing, he brings nearly three decades of diverse industry experience spanning Sales, Marketing, Sourcing, Operations, and Supply Chain Management. His leadership is defined by a strong focus on innovation, sustainability, and global collaboration.
Mr. Vijay Arora
DirectorMr. Vijay Arora is the Chief Operating Officer and a member of the Senior Leadership Team at Mahindra Accelo. He also serves as the Director on the Boards of Mahindra Steel Service Centre Limited and Mahindra MSTC Recycling Private Limited (CERO) and President Director of PT Mahindra Accelo Steel Indonesia. With over 30 years of experience, he has led diverse portfolios across strategy, manufacturing, projects, and business excellence. He has been instrumental in setting up key business initiatives including Power Transformers, Electrical Stampings, Automotive Blanking, and Distribution Transformers. He spearheaded the Company’s entry into automotive recycling through CERO and its expansion into the e-commerce space, designing and executing the pan-India rollout. He currently leads greenfield projects in automotive stampings, including advanced press lines and robotic weld shops. His work reflects a sustained focus on innovation, digital technologies, and building capabilities that support the Company’s long-term growth agenda.
Mr. Kenji Hatakeyama
DirectorComing soon
Mr. Nobuyuki Kawakita
DirectorYet to be updated
Vice Admiral Anil Kumar Chopra
Independent DirectorVice Admiral Anil Chopra, PVSM, AVSM (RETD) Commissioned into the Indian Navy in 1975, Vice Admiral Anil Chopra rendered forty years of distinguished service in uniform. He has the unique distinction of having been the Commander- in-Chief of both the combatant commands of the Indian Navy, i.e. the Western Naval Command, and the Eastern Naval Command; as well as being the Director General of the Indian Coast Guard for three years in the immediate aftermath of the 2008 Mumbai terror attacks.
Ms. Chandra Iyer
Independent DirectorChandra Iyer is a senior business leader with an over 35-year career that spans leading Indian subsidiaries of international majors, leading business units (BU) of both rapidly scaling and emerging businesses, setting up operations overseas, leading large complex operations and strategic marketing and customer relations for various industries, including International Finance and Banking and IT/ ITES across global markets. Chandra brings vision and management insights into planning, driving growth, managing operations and energising staff in emerging as well as established businesses. She has been trusted by managements for her rare ability to help organisations go from ideation to market. She is widely recognised for her ability to build and mentor teams under high-stress environments. Throughout her career her interpersonal skills and her ability to drive multi-disciplinary teams has been valued by CEOs.
MASPL
Mahindra Auto Steel Pvt Ltd is a Joint Venture between Mahindra Accelo, CSGT International Corporation, Taiwan and Mitsui & Co, Japan formed in 2015. It is operating out of a state-of-the-art facility at Chakan, near Pune and is engaged in the Mobility business.
Mr. Ranjan Pant
Chairman
Mr. Sumit Issar
Director
Ms. Jasmine Kaur
Director
Mr. Minoru Yano
Director
Mr. Ajay Mehta
Director
Vice Admiral Anil Kumar Chopra
Independent Director
Mr. Ranjan Pant
ChairmanMr. Ranjan Pant is a CEO Advisor, global strategy & change management consultant with over 30 years experience. In the last two decades, he has been a Board Director of several major companies. He earned a Bachelor in Mechanical Engineering Honours from BITS, Pilani and an MBA in Finance from The Wharton School, University of Pennsylvania. Pant began his career at Bain & Co., a Consulting firm, where he led the energy and utilities practice. He was also a director of internal consulting at General Electric.
Mr. Sumit Issar
DirectorMr. Sumit Issar is the Managing Director of Mahindra Accelo Ltd. and Mahindra Steel Service Centre Ltd. He also serves as a Director on the Board of Mahindra MSTC Recycling Pvt. Ltd. (CERO) and holds Board positions at Mahindra Auto Steel Pvt. Ltd., Mahindra Middle East, and PT Mahindra Auto Steel Indonesia contributing to the Mahindra Group’s expanding global presence in steel, mobility, and sustainable solutions. A Mechanical Engineer (Honours) from Birla Institute of Technology, with a postgraduate qualification in Marketing, he brings nearly three decades of diverse industry experience spanning Sales, Marketing, Sourcing, Operations, and Supply Chain Management. His leadership is defined by a strong focus on innovation, sustainability, and global collaboration.
Ms. Jasmine Kaur
DirectorMs. Jasmine Kaur currently heads Insurance & Investments at Mahindra Finance. Prior to the current role, she served as Vice President in the Group Partnership & Alliances team at the Mahindra Group and played a key role in various growth opportunities and worked with Group companies to take strategic decisions. Prior to Mahindra Group, Jasmine spent over 15 years in investment banking with UBS and Nomura, working in their London and Mumbai offices. During her investment banking career, she advised both global and Indian corporations on advisory, equity, and debt capital market transactions of greater than USD30 billion. Some of the key transactions include IPO of HDFC Life, IPO of InterGlobe Aviation, Bond for Lodha developers, Sale of Bharat Light & Power to Enel Green, Osram’s spin-off from Siemens, Acquisition of Volvo Aerospace by GKN, Demerger of Fiat-split between automotive and industrial segments etc. She is a Director on the board of Mahindra Auto Steel Private Limited, Mahindra MSTC Recycling Private Limited, Mahindra Electric Steel Private Limited, Mahindra Sustainable Energy Private Limited, Mahindra MiddleEast Electrical Steel Service Centre FZC (MME) and PT Mahindra Accelo Steel Indonesia.
Mr. Minoru Yano
DirectorMr. Minoru Yano is a seasoned professional with a robust background in the steel industry, currently serving as the General Manager of the Automotive Steel Division at Mitsui & Co. Steel Ltd. He holds a Bachelor of Economics from Keio University, obtained in March 1997. Since joining Mitsui & Co., Ltd. in April 1997, Mr. Yano has held various strategic roles, including Sales Manager positions in the Life Science and Stainless Steel Overseas Divisions. His international experience is extensive, having served as Assistant General Manager of the Iron & Steel Division at Mitsui & Co. (Shanghai) Ltd. and General Manager of the Iron & Steel Division at Mitsui & Co. (Guangdong) Ltd. Additionally, he was seconded to Gestamp Asia as Sales Director for Japanese OEMs in January 2020. His diverse experience and leadership have been instrumental in driving business growth and innovation within the company.
Mr. Ajay Mehta
DirectorMr. Ajay Mehta has 37 years of experience and practice in the fields of taxation, auditing, accounting and finance. He is a partner in Rajendra Shah and Associates, Chartered Accountants, which provides consultancy services to the Government of Maharashtra for its information technology company – Maharashtra Information Technology Corporation Limited. His firm is also on the panel of the Maharashtra Co-operative Societies Audit Panel. He is also the proprietor of Ajay Mehta & Company, Chartered Accountants. He has audited several nationalised banks and companies, and also provides services to various non-governmental organisations.
Vice Admiral Anil Kumar Chopra
Independent DirectorVice Admiral Anil Chopra, PVSM, AVSM (RETD) Commissioned into the Indian Navy in 1975, Vice Admiral Anil Chopra rendered forty years of distinguished service in uniform. He has the unique distinction of having been the Commander- in-Chief of both the combatant commands of the Indian Navy, i.e. the Western Naval Command, and the Eastern Naval Command; as well as being the Director General of the Indian Coast Guard for three years in the immediate aftermath of the 2008 Mumbai terror attacks.
MME
Mahindra Middle East Steel is a Joint venture between Mahindra Accelo and Nippon Steel Corporation, Japan, formed in 2005. It is engaged in the energy component business and has a state-of-the-art facility in Sharjah, UAE,.
Mr. Sumit Issar
Director
Ms. Jasmine Kaur
Director
Mr. Osamu Ujiie
Director
Mr. Sumit Issar
DirectorMr. Sumit Issar is the Managing Director of Mahindra Accelo Ltd. and Mahindra Steel Service Centre Ltd. He also serves as a Director on the Board of Mahindra MSTC Recycling Pvt. Ltd. (CERO) and holds Board positions at Mahindra Auto Steel Pvt. Ltd., Mahindra Middle East, and PT Mahindra Auto Steel Indonesia contributing to the Mahindra Group’s expanding global presence in steel, mobility, and sustainable solutions. A Mechanical Engineer (Honours) from Birla Institute of Technology, with a postgraduate qualification in Marketing, he brings nearly three decades of diverse industry experience spanning Sales, Marketing, Sourcing, Operations, and Supply Chain Management. His leadership is defined by a strong focus on innovation, sustainability, and global collaboration.
Ms. Jasmine Kaur
DirectorMs. Jasmine Kaur currently heads Insurance & Investments at Mahindra Finance. Prior to the current role, she served as Vice President in the Group Partnership & Alliances team at the Mahindra Group and played a key role in various growth opportunities and worked with Group companies to take strategic decisions. Prior to Mahindra Group, Jasmine spent over 15 years in investment banking with UBS and Nomura, working in their London and Mumbai offices. During her investment banking career, she advised both global and Indian corporations on advisory, equity, and debt capital market transactions of greater than USD30 billion. Some of the key transactions include IPO of HDFC Life, IPO of InterGlobe Aviation, Bond for Lodha developers, Sale of Bharat Light & Power to Enel Green, Osram’s spin-off from Siemens, Acquisition of Volvo Aerospace by GKN, Demerger of Fiat-split between automotive and industrial segments etc. She is a Director on the board of Mahindra Auto Steel Private Limited, Mahindra MSTC Recycling Private Limited, Mahindra Electric Steel Private Limited, Mahindra Sustainable Energy Private Limited, Mahindra MiddleEast Electrical Steel Service Centre FZC (MME) and PT Mahindra Accelo Steel Indonesia.
Mr. Osamu Ujiie
DirectorApril, 2023 - General Manager, Head of Dept,
Electrical Steel Sheet Global Marketing Dept.
May, 2020 - General Manager, Head of Dept,
Automotive Flat Products Global Marketing Dept.
April, 2006 - Senior Manager, Automotive Flat Products Global Marketing Dept.
April, 1999 - Joined Nippon Steel Corporation
PT MASI
PT Mahindra Accelo Steel, Indonesia, has been formed to expand and add value to our energy component business in Indonesia. A state-of-the-art plant has been set up which became operational in 2022.
Mr. Sumit Issar
Commissioner
Mr. Vijay Arora
President Director
Ms. Jasmine Kaur
Director
Mr. Rudy E. Tiendas
Director
Mr. Laxman Popalghat
Director
Mr. Sumit Issar
CommissionerMr. Sumit Issar is the Managing Director of Mahindra Accelo Ltd. and Mahindra Steel Service Centre Ltd. He also serves as a Director on the Board of Mahindra MSTC Recycling Pvt. Ltd. (CERO) and holds Board positions at Mahindra Auto Steel Pvt. Ltd., Mahindra Middle East, and PT Mahindra Auto Steel Indonesia contributing to the Mahindra Group’s expanding global presence in steel, mobility, and sustainable solutions. A Mechanical Engineer (Honours) from Birla Institute of Technology, with a postgraduate qualification in Marketing, he brings nearly three decades of diverse industry experience spanning Sales, Marketing, Sourcing, Operations, and Supply Chain Management. His leadership is defined by a strong focus on innovation, sustainability, and global collaboration.
Mr. Vijay Arora
President DirectorMr. Vijay Arora is the Chief Operating Officer and a member of the Senior Leadership Team at Mahindra Accelo. He also serves as the Director on the Boards of Mahindra Steel Service Centre Limited and Mahindra MSTC Recycling Private Limited (CERO) and President Director of PT Mahindra Accelo Steel Indonesia. With over 30 years of experience, he has led diverse portfolios across strategy, manufacturing, projects, and business excellence. He has been instrumental in setting up key business initiatives including Power Transformers, Electrical Stampings, Automotive Blanking, and Distribution Transformers. He spearheaded the Company’s entry into automotive recycling through CERO and its expansion into the e-commerce space, designing and executing the pan-India rollout. He currently leads greenfield projects in automotive stampings, including advanced press lines and robotic weld shops. His work reflects a sustained focus on innovation, digital technologies, and building capabilities that support the Company’s long-term growth agenda.
Ms. Jasmine Kaur
DirectorMs. Jasmine Kaur currently heads Insurance & Investments at Mahindra Finance. Prior to the current role, she served as Vice President in the Group Partnership & Alliances team at the Mahindra Group and played a key role in various growth opportunities and worked with Group companies to take strategic decisions. Prior to Mahindra Group, Jasmine spent over 15 years in investment banking with UBS and Nomura, working in their London and Mumbai offices. During her investment banking career, she advised both global and Indian corporations on advisory, equity, and debt capital market transactions of greater than USD30 billion. Some of the key transactions include IPO of HDFC Life, IPO of InterGlobe Aviation, Bond for Lodha developers, Sale of Bharat Light & Power to Enel Green, Osram’s spin-off from Siemens, Acquisition of Volvo Aerospace by GKN, Demerger of Fiat-split between automotive and industrial segments etc. She is a Director on the board of Mahindra Auto Steel Private Limited, Mahindra MSTC Recycling Private Limited, Mahindra Electric Steel Private Limited, Mahindra Sustainable Energy Private Limited, Mahindra MiddleEast Electrical Steel Service Centre FZC (MME) and PT Mahindra Accelo Steel Indonesia.
Mr. Rudy E. Tiendas
DirectorRudy Eliezer Tiendas is the founder and managing partner of TLO Advocates, which was established in February 2006. He has been practicing as a corporate and finance lawyer in Indonesia since 1993 and has served as a member of the Board of Directors for several Indonesian companies. With over 30 (thirty) years of legal experience, 12 (twelve) of which were spent at the Indonesian law firm Makarim & Taira S., where he was a Partner in the Capital Markets and Finance division until 2005. Rudy possesses extensive expertise in a broad range of areas including capital markets, corporate finance and restructurings, banking transactions, and mergers & acquisitions. He is a licensed advocate and a member of the Indonesian Association of Capital Markets Legal Consultants.
Mr. Laxman Popalghat
Director
MESPL
Mahindra Electrical Steel Private Ltd is a wholly owned subsidiary of Mahindra Accelo Ltd set up with the main objective of trading and processing in non-ferrous/ferrous materials, including various grades of steel.
Mr. Sumit Issar
Director
Mr. Vijay Arora
Director
Ms. Jasmine Kaur
Director
Mr. Sumit Issar
DirectorMr. Sumit Issar is the Managing Director of Mahindra Accelo Ltd. and Mahindra Steel Service Centre Ltd. He also serves as a Director on the Board of Mahindra MSTC Recycling Pvt. Ltd. (CERO) and holds Board positions at Mahindra Auto Steel Pvt. Ltd., Mahindra Middle East, and PT Mahindra Auto Steel Indonesia contributing to the Mahindra Group’s expanding global presence in steel, mobility, and sustainable solutions. A Mechanical Engineer (Honours) from Birla Institute of Technology, with a postgraduate qualification in Marketing, he brings nearly three decades of diverse industry experience spanning Sales, Marketing, Sourcing, Operations, and Supply Chain Management. His leadership is defined by a strong focus on innovation, sustainability, and global collaboration.
Mr. Vijay Arora
DirectorMr. Vijay Arora is the Chief Operating Officer and a member of the Senior Leadership Team at Mahindra Accelo. He also serves as the Director on the Boards of Mahindra Steel Service Centre Limited and Mahindra MSTC Recycling Private Limited (CERO) and President Director of PT Mahindra Accelo Steel Indonesia. With over 30 years of experience, he has led diverse portfolios across strategy, manufacturing, projects, and business excellence. He has been instrumental in setting up key business initiatives including Power Transformers, Electrical Stampings, Automotive Blanking, and Distribution Transformers. He spearheaded the Company’s entry into automotive recycling through CERO and its expansion into the e-commerce space, designing and executing the pan-India rollout. He currently leads greenfield projects in automotive stampings, including advanced press lines and robotic weld shops. His work reflects a sustained focus on innovation, digital technologies, and building capabilities that support the Company’s long-term growth agenda.
Ms. Jasmine Kaur
DirectorMs. Jasmine Kaur currently heads Insurance & Investments at Mahindra Finance. Prior to the current role, she served as Vice President in the Group Partnership & Alliances team at the Mahindra Group and played a key role in various growth opportunities and worked with Group companies to take strategic decisions. Prior to Mahindra Group, Jasmine spent over 15 years in investment banking with UBS and Nomura, working in their London and Mumbai offices. During her investment banking career, she advised both global and Indian corporations on advisory, equity, and debt capital market transactions of greater than USD30 billion. Some of the key transactions include IPO of HDFC Life, IPO of InterGlobe Aviation, Bond for Lodha developers, Sale of Bharat Light & Power to Enel Green, Osram’s spin-off from Siemens, Acquisition of Volvo Aerospace by GKN, Demerger of Fiat-split between automotive and industrial segments etc. She is a Director on the board of Mahindra Auto Steel Private Limited, Mahindra MSTC Recycling Private Limited, Mahindra Electric Steel Private Limited, Mahindra Sustainable Energy Private Limited, Mahindra MiddleEast Electrical Steel Service Centre FZC (MME) and PT Mahindra Accelo Steel Indonesia.
MMRPL
Mahindra MSTC Recycling Private Ltd (‘MMRPL’) was formed to set up environment-friendly recycling centers for end-of-life vehicles. It is a joint venture between MAL and MSTC Ltd (a government of India Enterprise) and operates under brand name ‘CERO’. It has nine modern Registered Vehicle Scrapping Facilities (RVSF) and 18 collection centers across India.
Mr. Manobendra Ghoshal
Chairman
Mr. Sumit Issar
Director
Mr. Vijay Arora
Director
Mr. Subrata Sarkar
Director
Ms. Jasmine Kaur
Director
Mr. Ramadorai S
Independent Director
Mr. Ajay Mehta
Independent Director
Mr. Manobendra Ghoshal
ChairmanShri Manobendra Ghoshal, a distinguished professional from the Indian Railways Service of Mechanical Engineers (SCRA 1985 batch) and a Fellow of the Institution of Engineers (India), boasts over 33 years of expertise in the railways sector. His career includes 23 years with Indian Railways and 10 years with RITES Ltd., where he held various leadership roles. As Chief Strategy Officer at RITES for the past two years, he has driven significant organizational changes and spearheaded exports of rolling stock to Sri Lanka, securing orders worth over 200 million USD. Shri Ghoshal also serves as a Nominee Director on the Board of SRBWIPL, demonstrating strategic oversight in wagon manufacturing. His extensive background includes roles in production, operation, maintenance, and marketing of rolling stock, as well as leading transformative projects in technology transfer and workshop management.
Mr. Sumit Issar
DirectorMr. Sumit Issar is the Managing Director of Mahindra Accelo Ltd. and Mahindra Steel Service Centre Ltd. He also serves as a Director on the Board of Mahindra MSTC Recycling Pvt. Ltd. (CERO) and holds Board positions at Mahindra Auto Steel Pvt. Ltd., Mahindra Middle East, and PT Mahindra Auto Steel Indonesia contributing to the Mahindra Group’s expanding global presence in steel, mobility, and sustainable solutions. A Mechanical Engineer (Honours) from Birla Institute of Technology, with a postgraduate qualification in Marketing, he brings nearly three decades of diverse industry experience spanning Sales, Marketing, Sourcing, Operations, and Supply Chain Management. His leadership is defined by a strong focus on innovation, sustainability, and global collaboration.
Mr. Vijay Arora
DirectorMr. Vijay Arora is the Chief Operating Officer and a member of the Senior Leadership Team at Mahindra Accelo. He also serves as the Director on the Boards of Mahindra Steel Service Centre Limited and Mahindra MSTC Recycling Private Limited (CERO) and President Director of PT Mahindra Accelo Steel Indonesia. With over 30 years of experience, he has led diverse portfolios across strategy, manufacturing, projects, and business excellence. He has been instrumental in setting up key business initiatives including Power Transformers, Electrical Stampings, Automotive Blanking, and Distribution Transformers. He spearheaded the Company’s entry into automotive recycling through CERO and its expansion into the e-commerce space, designing and executing the pan-India rollout. He currently leads greenfield projects in automotive stampings, including advanced press lines and robotic weld shops. His work reflects a sustained focus on innovation, digital technologies, and building capabilities that support the Company’s long-term growth agenda.
Mr. Subrata Sarkar
Director
Ms. Jasmine Kaur
DirectorMs. Jasmine Kaur currently heads Insurance & Investments at Mahindra Finance. Prior to the current role, she served as Vice President in the Group Partnership & Alliances team at the Mahindra Group and played a key role in various growth opportunities and worked with Group companies to take strategic decisions. Prior to Mahindra Group, Jasmine spent over 15 years in investment banking with UBS and Nomura, working in their London and Mumbai offices. During her investment banking career, she advised both global and Indian corporations on advisory, equity, and debt capital market transactions of greater than USD30 billion. Some of the key transactions include IPO of HDFC Life, IPO of InterGlobe Aviation, Bond for Lodha developers, Sale of Bharat Light & Power to Enel Green, Osram’s spin-off from Siemens, Acquisition of Volvo Aerospace by GKN, Demerger of Fiat-split between automotive and industrial segments etc. She is a Director on the board of Mahindra Auto Steel Private Limited, Mahindra MSTC Recycling Private Limited, Mahindra Electric Steel Private Limited, Mahindra Sustainable Energy Private Limited, Mahindra MiddleEast Electrical Steel Service Centre FZC (MME) and PT Mahindra Accelo Steel Indonesia.
Mr. Ramadorai S
Independent DirectorMr. Ramadorai S, currently the Director and CEO of Controlsoft Engineering India Pvt Ltd, is an accomplished Instrumentation Engineer and a Six Sigma Black Belt with over 40 years of extensive industrial experience. His expertise spans various sectors, including Oil and Gas, Food & Beverage, Fine Chemicals, and Automobile industries. Throughout his illustrious career, he has held notable positions and contributed as an independent director on the boards of several companies, such as Gulf Ashley Motors Ltd, Ashok Leyland Vehicles Ltd, Ashok Leyland Technologies Ltd, Ashley Powertrain Ltd, Albonair Pvt Ltd, and MMRPL. Mr. Ramadorai has also worked with global industry leaders like ONGC, Petrofac, Technip, Schneider, and L&T, showcasing his significant contributions and leadership in the field.
Mr. Ajay Mehta
Independent DirectorMr. Ajay Mehta has 37 years of experience and practice in the fields of taxation, auditing, accounting and finance. He is a partner in Rajendra Shah and Associates, Chartered Accountants, which provides consultancy services to the Government of Maharashtra for its information technology company – Maharashtra Information Technology Corporation Limited. His firm is also on the panel of the Maharashtra Co-operative Societies Audit Panel. He is also the proprietor of Ajay Mehta & Company, Chartered Accountants. He has audited several nationalised banks and companies, and also provides services to various non-governmental organisations.
Our Leaders
Mr. Vijay Arora
Chief Operating Officer
Ms. Nora Bhatia
Vice President HR and Admin
Mr. Harish Gupta
Chief Financial Officer
Mr. Laxman Mahale
Business Head and Business Excellence
Ms. Romali M. Malvankar
Company Secretary
Mr. Vijay Arora
Chief Operating OfficerMr. Vijay Arora is the Chief Operating Officer and a member of the Senior Leadership Team at Mahindra Accelo. He also serves as the Director on the Boards of Mahindra Steel Service Centre Limited and Mahindra MSTC Recycling Private Limited (CERO) and President Director of PT Mahindra Accelo Steel Indonesia. With over 30 years of experience, he has led diverse portfolios across strategy, manufacturing, projects, and business excellence. He has been instrumental in setting up key business initiatives including Power Transformers, Electrical Stampings, Automotive Blanking, and Distribution Transformers. He spearheaded the Company’s entry into automotive recycling through CERO and its expansion into the e-commerce space, designing and executing the pan-India rollout. He currently leads greenfield projects in automotive stampings, including advanced press lines and robotic weld shops. His work reflects a sustained focus on innovation, digital technologies, and building capabilities that support the Company’s long-term growth agenda.
Ms. Nora Bhatia
Vice President HR and AdminDr. Nora Bhatia brings over two decades of experience in Human Resources across both mature organisations and the startup ecosystem. She has been recognised with the ‘HR Professional of the Year’ Award at the Middle East HR Leadership Awards and Asia’s Best Employer Brand Awards, and has also received the ‘CHRO of the Year’ award at the Asia HR Leadership Awards. She is a CII HR Assessor for the National HR Excellence Model and a Marshall Goldsmithcertified coach. Her expertise spans organisational development, leadership coaching, and talent strategy. She holds a PhD in Management Studies from the University of Mumbai, an MBA in HR from NMIMS, and a Bachelor’s degree in Commerce from the University of Mumbai.
Mr. Harish Gupta
Chief Financial OfficerMr. Harishkumar Gupta is a Chartered Accountant, qualified from the Institute of Chartered Accountants of India and the Institute of Chartered Accountants in England & Wales. He also holds a Postgraduate Diploma in Treasury & Forex Management from ICFAI University, Hyderabad. With over 25 years of experience, he has been associated with Mahindra & Mahindra Limited for more than 15 years in the Corporate Accounts function. His responsibilities have included financial reporting, audit, budgeting, analysis, and regulatory compliance. He has also served as a nominee on the Boards of various Mahindra Group companies and chaired the Audit Committee of one entity. He was identified as part of the‘Mahindra Future Shapers’ talent group in 2022. Prior to joining Mahindra & Mahindra Limited, he worked in an IT company for over eight years.
Mr. Laxman Mahale
Business Head and Business ExcellenceMr. Laxman Mahale has over 30 years of experience in manufacturing, with a strong focus on transformation and operational excellence. He holds qualifications in Industrial Engineering, Tool Engineering, and Business Management, along with global leadership certifications from Ross School of Business, University of Michigan and the Mahindra Institute of Quality. He is a Six Sigma Black Belt and a certified assessor for TPM and Lean Manufacturing. His career spans Mahindra Accelo, Godrej Appliances, Godrej Lawkim Motors, and Antifriction Bearing Corporation, where he progressed from maintenance engineering to manufacturing leadership roles. He has led multiple greenfield projects and driven business transformation, including EV motor core manufacturing. He has also represented the organisation on global platforms,building technology collaborations and strengthening manufacturing excellence.
Ms. Romali M. Malvankar
Company SecretaryMs. Romali Malvankar (B.Com, ACS, LLM) is the Company Secretary of Mahindra Accelo Limited and at it’s subsidiaries. An Associate Member of the Institute of Company Secretaries of India, she holds a Master’s degree in Business Laws and Bachelor’s degree in Commerce from Mumbai University. With over 16 years of experience, she has handled compliance under corporate laws including SEBI regulations, the Companies Act, FEMA, and RBI guidelines. Her responsibilities include conducting Board and General Meetings, managing statutory filings, overseeing compliance audits, and ensuring governance standards. She joined Mahindra and Mahindra Limited from Sun Pharmaceutical Industries Limited, in January, 2016. She was awarded the Governance Professional Award at the 21st ICSI National Awards in 2022 by the Hon’ble Home Minister of India.