Chairman’s Note

MPS Ltd. is committed to the highest standard of corporate governance. We believe it is only by adhering to the norms of good corporate governance that we can fulfill our responsibility of generating maximum value for all stakeholders in the company. We focus not only on compliance with all regulatory statute but also on creating the right working environment within the company. Corporate social responsibility is an important part of our holistic approach, and we work to foster a healthy environment in society as well as in the workplace. The strong client relationships we have built are reinforced by the large volume of contracts regularly entrusted to us. An ongoing emphasis on innovation allows us to offer cutting-edge services and products to both existing and new clients

Board of Directors

Nishith Arora
Non Executive Chairman

Nishith Arora, an entrepreneur based in India, has many years of experience in international and domestic publishing outsourcing. He is the founder of International Typesetting and Composition (subsequently sold and renamed Glyph) and ADI BPO/Neuetype and a co-founder of ADI Media, a leading B2B magazine publisher.

An economics Honors graduate from St. Stephen’s College, Delhi (1977), with an MBA from IIM Ahmedabad (1979), he completed the three year Owner President Management program at Harvard Business School in 2009.

D.E. Udwadia
Vice Chairman, Independent Director

D.E. Udwadia, MA, LLB, a solicitor and advocate of the Bombay High Court and a solicitor of the Supreme Court of England, joined the MPS Ltd. board in 1994. A founding partner of the solicitors and advocates firm M/s Udwadia & Udeshi Solicitors, he has over 45 years of experience in the legal profession. He is also an independent director on the boards of several other companies.

Vijay Sood
Independent Director and Chairman of the Audit Committee

Mr. Vijay Sood is a Non-Executive Director on the Board of MPS Interactive Systems Limited, a wholly owned subsidiary company of MPS Limited. He was the managing director of HB Stockholdings Limited and was the director on the board of Taurus Asset Management Co. Limited. He worked in well-known firms like Renaissance Services SAOG, Credit Agricole Indosuez, WI Carr Indosuez, HSBC India, and ANZ Grindlays India.

He is an economics Honors graduate from St. Stephen’s College, Delhi, MBA from IIM Ahmedabad, and is a member of the ICWA.

Ambarish Raghuvanshi
Independent Director

Mr. Ambarish Raghuvanshi is presently engaged as an Angel Investor and mentor to various start-ups and on the Advisory Board of Info Edge (India) Ltd. He worked in well-known Companies like Info Edge (India). Mr. Ambarish has 30 years of experience with specialization in Finance, Marketing and Investment.

He is graduated from St Xavier’s College, Calcutta University(B.com Hons.) and completed his MBA (Finance & Marketing) from XLRI Jamshedpur. He is also an Associate Member of The Institute of Chartered Accountants of India.

Rahul Arora
Managing Director

Rahul Arora is Managing Director of MPS Limited. As Managing Director, Rahul is leading MPS to achieve its maximum potential and relies on the core values of Excellence, Empathy, and Efficiency. MPS is at an inflection point and Rahul aspires to lead disruptive innovation in his industry to unlock value. Rahul is an authentic leader who takes pride in his agility to adapt swiftly to market needs. 2,800 associates spread across India, US, UAE, Germany, and Canada to support Rahul in his vision of growing to be the undisputed market leader by 2023, loved and admired by all stakeholders.

Rahul caught the entrepreneurial bug during his undergrad days at Babson College. Upon receiving overwhelming consensus on a case study that he authored on his situation – leading the family business versus jumping into Corporate America, Rahul returned to India to manage the B2B magazine publishing business.

A Bachelors of Science graduate from Babson College (2006), with an MBA from the Indian School of Business (2011), he completed the Wharton Advanced Management Program in 2017.

Yamini Tandon
Non-Executive Director

Yamini is a graduate from Lady Shri Ram College and a post graduate from the Indian School of Business, Hyderabad, with a specialization in Marketing and Strategy. She is currently also serving as Senior Vice President, School Delivery of MPS North America, LLC (Subsidiary of MPS Limited)

Ms. Tandon has previously worked as a Senior Consultant with Gallup consulting across their US and India offices, and as a Strategic Planner at Euro RSCG in New Delhi, India.

Sunil Shah
Additional Director

After graduating from IIM, Ahmedabad, Mr. Shah joined his family business; which he ran along with his father and elder brother. Mr. Shah successfully projected himself as a conciliatory figure in his large family business and was elected as the Managing Partner. Thereafter Mr. Shah started his own Equity Research Business, which focused on Foreign Institutional Investors and high net worth individuals. As times changed, and India opened up to foreign investment banks, he sold his company, Evergreen Broking Private Limited to Barclays Bank. Subsequently, Mr. Shah became the Managing Director of HDFC Securities Limited in 2002, a three way joint venture between HDFC Limited, HDFC Bank Limited and JP Morgan Chase Private Equity. Mr. Shah worked with HDFC Securities Limited till 2008. He was also a Board Member at Bharat Serums and Vaccines Limited during 2010-2013 and Indian Advisory Board Chartered Institute for Securities and investment Institute during 2011-2013.

Mr. Shah has been the President of the IIM Ahmedabad Alumni Association (Bombay) and Co-Chairperson of the Indian Merchant Chamber Finance Sector Committee.

Currently, Mr. Shah is a promoter at Evergreen Family Business Advisors. Evergreen helps create practical solutions to common issues confronting Family Businesses. Through structured processes and meetings, families learn to resolve the most important issues and create a roadmap for the next generation also.

Audit Committee

Composition of Nomination and Remuneration Committee

Composition of Stakeholders Relationship Committee

Composition of the Corporate Social Responsibility Committee

Composition of Investment Committee

Investor Grievance

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