Director's Report
Brief biographies of our Directors
Dinesh Singhal is the Chairman and Managing Director of our Company. He is one of
our Promoters and has been associated with our Company since 1976. He holds a bachelor's
degree in industrial engineering from the Indian Institute of Technology Roorkee (formerly
known as University of Roorkee).
He has over 40 years of experience in the transformer manufacturing industry. He was
previously associated with the Federation of Indian Micro and Small & Medium
Enterprises as president and the Indian Industries Association as president. He is
currently associated with Kanohar Lal Trust Society, a non-profit organisation supporting
education for girls, as president, is an independent director on the board of Shivalik
Small Finance Bank Limited and a director on the board of Forum of Aided Colleges for
Higher Education.
Adesh Singhal is the Whole-time Director of our Company. He is one of our Promoters
and has been associated with our Company since 1981. He holds a bachelor's degree in
electrical engineering from the Indian Institute of Technology Roorkee (formerly known as
University of Roorkee). He has over 40 years of experience in the transformer
manufacturing industry. He leads our Company's engineering and quality assurance
functions. He is currently associated with non-profit organisations such as Kanohar Lal
Trust Society as a member of the trust and Meerut Children Welfare Trust as a board member
of the trust.
Vivek Singhal is the Whole-time Director of our Company. He is one of our Promoters
and has been associated with our Company since 2000. He holds a bachelor's degree of
technology in electrical engineering from the Indian Institute of Technology, Bombay. He
has over 25 years of experience in marketing, business development, and strategy, driving
our Company's pan-India expansion and diversification into EPC substations and
transmission lines.
Abhishek Singhal is the Whole-time Director of our Company. He is one of our
Promoters and has been associated with our Company since 2002. He holds a bachelor's
degree of technology in electrical engineering from the Indian Institute of Technology
Delhi. He has over 23 years of experience in design, technology development, and systems
integration. He leads our Company's design and development activities, along with
overseeing our Company's enterprise resource planning, computer aided engineering
deployment, and IT infrastructure.
Sangeeta Khorana is an Independent Director of our Company. She holds a provisional
bachelor's degree in economics from Ranchi University and a master's degree of arts in
economics from University of Allahabad, a master's degree in international law and
economics from the World Trade Institute and a doctorate in economics from University of
St. Gallen. She has over 10 years of professional experience. She is currently associated
with Satin Creditcare Network Limited and World Commerce and Contracting (WorldCC)
Foundation as a director and Aston University as a professor of international trade
policy, and was previously associated with Chartered Institute of Export &
International Trade as a trustee director.
Anil Bhardwaj is an Independent Director of our Company. He holds a bachelor's
degree in science from Kurukshetra University, Haryana and a master's degree in business
administration (international business) from Sam Higginbottom University of Agriculture,
Technology & Sciences. He has over 29 years of experience in MSME policy and
industrial and trade promotion. He is currently associated with Federation of Indian Micro
and Small & Medium Enterprises as secretary general.
Ashok Kumar Goel is an Independent Director of our Company. He holds a bachelor's
degree in engineering from the Indian Institute of Technology Roorkee (formerly known as
University of Roorkee). He has over 27 years of experience in the business of
manufacturing and sale of scientific and electrical instrumentation. He is currently
self-employed providing consultancy services through ANG Consultants. He was previously
associated with M/s Digitech as partner.
Ram Kumar Chugh is an Independent Director of our Company. He holds a bachelor's
degree in science (electrical engineering) from University of Delhi and has also completed
a management education programme from Indian Institute of Management, Ahmedabad, and an
advanced management course conducted by Siemens Limited. He has over 43 years of
professional experience. He is currently associated with Omax Autos Limited as an
independent director and is self-employed providing freelancing services as a business
consultant and advisor, and was previously associated with Indian Electrical and
Electronics Manufacturers Association as a president and Siemens Limited as vice
president.
Relationship between our Directors
Except as disclosed below, none of our Directors are related to each other:
S. No. |
Name of the Director |
Name of the relative |
Nature of relationship |
1. |
Dinesh Singhal |
Adesh Singal |
Brother |
|
|
Vivek Singhal |
Son |
|
|
Abhishek Singhal |
Son |
2. |
Adesh Singhal |
Dinesh Singhal |
Brother |
3. |
Vivek Singhal |
Dinesh Singhal |
Father |
|
|
Abhishek Singhal |
Brother |
4. |
Abhishek Singhal |
Dinesh Singhal |
Father |
|
|
Vivek Singhal |
Brother |
Terms of appointment of our Chairman and Managing Director Dinesh Singhal
Our Board, at their meeting held on December 1, 2021, approved the re-appointment of
Dinesh Singhal as the Managing Director of our Company, with effect from January 1, 2022.
Our Shareholders approved such re-appointment at their meeting held on December 30, 2021.
Further, our Board, pursuant to its resolution dated August 14, 2025 appointed Dinesh
Singhal as the Chairman of our Board. Our Company has entered into a letter of appointment
dated December 30, 2021 with Dinesh Singhal setting out the details of the terms of his
employment. The following table sets forth the details of the revision in his remuneration
approved by our Board pursuant to its resolution dated May 28, 2025, effective from April
1, 2025:
Fixed |
Rs. 12.50 million per annum |
Variable |
1.50% of profit before tax on a quarterly basis |
Terms of appointment of our Whole-time Directors Adesh Singhal
Our Board, at their meeting held on December 1, 2021, approved the re-appointment of
Adesh Singhal as a Whole-time Director of our Company, with effect from January 1, 2022.
Our Shareholders approved such re-appointment at their meeting held on December 30, 2021.
Our Company has entered into a letter of appointment dated December 30, 2021 with Adesh
Singhal setting out the details of the terms of his employment. The following table sets
forth the details of the revision in his remuneration approved by our Board pursuant to
its resolution dated May 28, 2025, effective from April 1, 2025:
Fixed |
Rs. 10.00 million per annum |
Variable |
1.50% of profit before tax on a quarterly basis |
Vivek Singhal
Our Board, at their meeting held on December 1, 2021, approved the re-appointment of
Vivek Singhal as a Whole-time Director of our Company, with effect from January 1, 2022.
Our Shareholders approved such re-appointment at their meeting held on December 30, 2021.
Our Company has entered into a letter of appointment dated December 30, 2021 with Vivek
Singhal setting out the details of the terms of his employment. The following table sets
forth the details of the revision in his remuneration approved by our Board pursuant to
its resolution dated May 28, 2025, effective from April 1, 2025:
Fixed |
Rs. 7.50 million per annum |
Variable |
1.50% of profit before tax on a quarterly basis |
|