Kirloskar Oil Engines Limited, also popularly known as (KOEL) is the flagship company of Kirloskar group, announced the appointment of Yogesh Kapur as an Additional Director for a period of five years, effective September 29, 2021.
According to the company’s exchange filing, “this is to inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors have appointed Mr. Yogesh Kapur (DIN 00070038), as an Additional Director in the capacity of an Independent Director for a first term of 5 years, with effect from 29th September 2021, subject to approval of members of the Company.”
Yogesh Kapur is Fellow Chartered Accountant (FCA) with over 38 years’ experience in financial services sector. He started his career in 1983 with Housing Development Finance Corporation Ltd (HDFC). In 1991 he switched to Investment banking with HSBC and then joined Enam Securities Pvt. Ltd., a leading Investment banking /brokerage house in 1994. In 2012 with Axis Bank taking over the Investment Banking business of Enam Securities Pvt. Ltd., he moved to Axis Capital Ltd. a wholly owned subsidiary of Axis Bank.
In 2014 he joined Axis Bank as Head- Strategic Relationship Group- Wholesale banking for north India. Post his superannuation in July 2017, he re-joined Axis Capital on a contract as Managing Director – special coverage. This contract is currently for period up to 31st July, 2022.
During his tenor as investment banker, Yogesh Kapur has worked with companies both in private and public sectors as these companies prepared to list on public markets. In addition he has been engaged in advising companies on strategic initiatives, reorganisation, business /corporate restructuring etc. Yogesh Kapur has very closely engaged during this period with DIPAM to manage initial listings and further divestments in listed public sector companies in accordance with Government’s directives/ decisions on the subject, the statement said.
During his career positions with different organisations Yogesh Kapur has worked on number of international assignments including for USAID and World Bank in Sri Lanka and Ghana. He also served on committees set up by SEBI/ Government of India – Ministry of Finance to examine ADR/GDRs as well as Bonds regulations.
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