Larsen & Toubro Limited announced it has appointed Pramit Jhaveri as Independent Director of the company, effective April 1, 2022.
According to the company’s exchange filing, “The Board approved the appointment of Mr. Pramit Jhaveri (DIN: 00186137) as an Independent Director of the Company for a period of five years with effect from April 1, 2022.”
Pramit Jhaveri presently acts as advisor and mentor to start ups, corporates, and family offices. He is Senior Advisor to Premji Invest and PJT Partners and an Independent Director on the Board of Bajaj Finance Limited. Prior to his current activities, Pramit was Vice Chairman – Banking, Asia Pacific Citi. He served as Chief Executive Officer of Citibank India from 2010 to 2019. He retired from Citibank in November 2019 after a distinguished career in banking of 32 years, having joined the firm as a 23-year-old in 1987.
Pramit serves as a Trustee on the Board of several philanthropic, nonprofit entities in India. These include: Tata Trusts, which is amongst India’s oldest and most preeminent philanthropic institutions; Pratham Education Foundation, an NGO dedicated to the quality education of underprivileged children; India Foundation for the Arts, a grants making organisation supporting practice, research and education in the arts; and the World Monuments Fund India, an organisation involved in conserving and preserving India’s architectural heritage; and CSMVS, one of the premier art and history museums in India.
Pramit has a Bachelor of Commerce degree from Sydenham College, Mumbai University and an MBA from the Simon School of Business, University of Rochester. He is an avid tennis player, a keen follower of cricket and soccer and a long standing collector of Indian contemporary art.
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