You are here: Home » Companies » News
EY announces the 21 finalists for '23rd EY Entrepreneur of the Year' awards
CIL allays supply shortfall fears, says making efforts to meet coal demand
Business Standard

Kalyan Jewellers appoints former CAG Vinod Rai as Chairman

Rai has been awarded the Padma Bhushan, India's third highest civilian award, in recognition of his services to the country

Kalyan Jewellers | Vinod Rai

Press Trust of India  |  New Delhi 

Vinod Rai
Vinod Rai

India Ltd on Monday appointed former CAG as its Chairman and independent non-executive director.

The appointment will be subject to regulatory and shareholders' approvals, the company said in a stock exchange filing.

T S Kalyanaraman will continue as Managing Director on the company's board.

was the former Comptroller and Auditor General of India (CAG) and the former chair of the United Nations Panel of External Auditors.

Rai has held various positions within the central as well as state governments, and has been instrumental in various reforms. He has also served as the Chairman of the Banks Board Bureau, a body set up by the government to reform public banking in the country.

Rai has been awarded the Padma Bhushan, India's third highest civilian award, in recognition of his services to the country.

He has Masters degrees in economics as well as public administration from Delhi School of Economics, University of Delhi, and the Harvard Kennedy School, Harvard University, USA, respectively.

"It is a privilege for me to be associated with Kalyan Jewellers, a company which has built the highest levels of trust amongst its stakeholders, conducts its business in an ethical and transparent manner and upholds the standards of good corporate governance," Rai said.

has a well-recognised brand, pan-India footprint and a strong management team at the helm of the business, he said.

"The Kalyanaraman family, with its deep commitment to customer transparency and enlightenment, has been at the forefront of transforming the jewellery retailing sector in India. I eagerly look forward to my association with Kalyan," Rai said.

The company's MD said that the former CAG brings a tremendous breadth and depth of experience. "We are looking forward to him adding further to the diverse experience we already have on our board today," T S Kalyanaraman said.

Vinod Rai's appointment as chairman makes him the 8th non-executive director on the board of the jewellery firm.

Salil Nair (former CEO, Shoppers Stop), Anil Nair (former CEO, L&K Saatchi & Saatchi India), Kishori Udeshi (former RBI Deputy Governor), Anish Saraf (MD, Warburg Pincus India), T S Anantharaman (former Chairman, Catholic Syrian Bank), Mahalingam Ramaswamy (former MD, State Bank of Travancore) and Agnihotra Dakshina Murty Chavali (former ED of Indian Overseas Bank) are other seven directors.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, March 28 2022. 16:09 IST