Mr. Murarilal Agarwal, aged 49 years, Chairman and Managing Director, is a commerce graduate. He is the founder of the MUDRA group and has over 25 years experience in various facets of the textile industry. Shri Agarwal, as Executive Chairman, overlooks the entire working and affairs of the company’s management.

Mr. Ravindra Agarwal, aged 46 years, Joint Managing Director, has done his M.A. (Gold Medalist) from Mumbai University. He has experience of over 18 years in the textile industry. He heads the Finance and Marketing Functions of the company. He is supported by a team of experienced professionals.

Mr. Vishwambharlal Bhoot, aged 65 years, is a matriculate and has experience of over 38 years in the textile industry. He controls the company’s administration and accounting functions. He is supported by a team of experienced professionals.

Dr. S.A.Dave, aged 70 years, is an Independent Director on our Board. He has over forty four years of professional experience as an Economist. He is currently Chairman of Centre for Monitoring Indian Economy, the premier economic monitoring institution in the country, prior to that he had a diversified work exposure with Reserve Bank of India, IDBI, SEBI and Unit Trust of India. He was founder chairman of SEBI and also chairman of Unit Trust of India from where he retired in 1996. By training he is an economist and topped the list of students both as BA and MA level in economics in the University of Bombay. He has been associated with various Committees of Government of India dealing with reforms in the Capital Market, Mutual Funds Sector, Insurance Sector and Pensions.

Mr. S.C.Bhargava, aged 61 years, is an Independent Director on our Board. He has around 39 years of experience as financial expert. At present, he is working as Financial Consultant to The Bank of Rajasthan and IL & FS Investsmart since August 2005. He is also on the Board of various Companies including Aditya Birla Nuvo Limited, DCM Shriram Consolidated Limited, Escorts Limited, Bank of Maharashtra, Jaiprakash Associates Limited, Jaypee Cement Limited, IL&FS and OTC Securities Limited. He has been retired as Executive Director (Investment), Life Insurance Corporation of India on July 31, 2005, looking after investment functions which include debt, equity, monitoring corporate sector, investment in infrastructure both in private and public sector as well as Social Sector which includes dealing with State Government bodies and Central Government Undertakings etc. He Joined Investment Department as Central Office, Mumbai in 1993 as Deputy Secretary and since then worked in various capacities as Secretary (Investment), Chief (Investment). During this period, job profile varies from managing treasury, Government Bonds, debt both corporate as well as PSUs and Equity- sale and purchase.

Mr. K.K. Maheshwari, aged 44 years, is an Independent Director on the Board of the Company. He has over 20 years experience in the areas of finance. He is on the Board of CIL Securities Limited, CIL Finstocks Limited, CIL Industries Limited. CIL Financial Services Limited, CIL Commodities Private Limited and Hifex Hoses Private Limited.