By: ICN Bureau
Last updated : January 06, 2023 8:39 pm
P. N. Prasad is a professional banker with more than 37 years of experience and Radhika Nath has almost 30 years of experience in the retail industry, export and trade
The Board of INEOS Styrolution India Limited has considered and approved the appointment of P. N. Prasad and Radhika Nath as Additional Directors (Independent) on the Board.
Prasad is a professional banker with more than 37 years of experience. He joined State Bank of India (SBI) in 1983 as Probationary Officer and retired as Deputy Managing Director of SBI in 2020. He has headed the Commercial Clients Group, the Corporate Banking Vertical of State Bank of India at the time of superannuation. He has also headed the Project Finance & Structuring SBU of the Bank, the only such SBU focused on project and infrastructure finance among all the banks in India.
At SBI, he has handled leadership roles for more than 25 years in multiple fields of banking with specialization in corporate banking, project finance & structuring, infrastructure lending, debt syndication, small scale industries, agriculture and rural economy, human resource development, international banking, trade finance operations, treasury management, risk management, audit, compliances, stressed asset management and resolution. He was the Chief Executive Officer of SBI’s overseas operations in Belgium covering Belgium, Netherlands, and Luxemburg from 2008 to 2012. Prasad is an Additional Independent Director on the board of Axis Bank Limited since 20.10.2022 and serves as independent director on the boards of National E-Governance Services Limited (NeSL) and Insolvency Professional Agency of Institute of Cost Accountants of India Ltd (IPA ICAI).
Post his retirement from SBI, Prasad was a shareholder Director with Bank of India from October 25th, 2020 to October 12th, 2022. He was a Member of the committee constituted by Reserve Bank of India on functioning of Asset Reconstruction Companies and review of regulatory guidelines. Prasad was also the Chairman of the Coordination Committee appointed by the Ministry of Commerce, Government of India, to address the issues faced by the Gems & Jewellery Sector in India. He also holds a master’s degree in science and is a Certified Associate of Indian Institute of Bankers.
Radhika Nath is a Trustee on the Governing Council, overseeing educational initiatives across all Mahindra schools. She is an Executive Board member of Mumbai First, a nonpartisan body working with civil society, professionals, and captains of industry to improve the quality of life and investment in the city.
She started and led the Synergies division at the Mahindra Group, a platform to coordinate non-core product sourcing and requirement as a strategic enabler of business agility, to raise the Group's capabilities, performance and ultimately - value. She has almost 30 years of experience in the retail industry, export and trade. She has played a pioneering role in developing the Mahindra Group’s retail strategy and was a part of the management team for Mom & Me, the Maternity Division of the Mahindra Retail company.
Prior to this, she had also led the Apparel Division for Mahindra Exports and served as a Director for Avex Pvt. Ltd, a garment export company for the Mahindra Group. Under her leadership as Brand Manager for Mahindra Intertrade, she secured key partnerships for the Group’s retail division with International Childrenswear Brands such as Disney and Ladybird, establishing the group’s global presence.
She is a Director on the board of Merchant Commercial and Holdings Pvt. Ltd. a finance and investment company of Naath Exim (India) Pvt. Ltd. Nath graduated with a BA in Political Science and Economics from Elphinstone College in Mumbai.