Auto Parts & Equipment company Swaraj Engines Limited announced the appointment of Smita Mankad as Additional Director on the company’s Board, with effect from August 1, 2023.
According to the company’s exchange filing, “This is to inform that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of Swaraj Engines Limited (“the Company”) at its meeting held today i.e. 28th July, 2023 has approved the appointment of Ms. Smita Mankad (DIN: 02009838) as an Additional Director (Non-Executive and Independent) of the Company effective 1st August, 2023 and to hold office for a term of 5 (Five) consecutive years from 1st August, 2023 to 31 st July, 2028, subject to the approval of the Shareholders of the Company.”
Smita Mankad, aged 52 years, has three decades of experience spanning the corporate, social and government sectors, and further, a combination of both grassroots level work and board level governance – unique combinations that give her an unparalleled perspective on both policy and implementation. An Independent Woman Director on top level corporate boards, and an independent consultant to retail, social and craft enterprises offering business planning support to ensure sustainability, where she aims to combine commercial impact with social impact – her area of interest, passion and experience, the statement said.
Mankad is an Economics (Hons) graduate from Lady Shriram College for Women, Delhi University, and an MBA from Narsee Monjee Institute of Management Studies, Mumbai University.
She started her career with TATA Motors in export finance, and after 6 years with ABN AMRO Bank in corporate banking product management, moved to Fabindia where she has spent 12 years across various divisions including international business, retail operations and setting up new stores, launching the personal care range, creating systems processes and internal audits, and thereafter managing the Fabindia’s entire sourcing and supply chain of its wholly owned subsidiary Artisans Micro Finance Pvt. Ltd. (AMFPL), of which she was Managing Director from 2008 to 2013. She also worked with ORGANIC INDIA from 2013 – 15 on their nutrition, preventive healthcare and wellness enterprise.
She was awarded the Vedica Women’s Alliance V-WA 50 Award for excellence in Marketing & Sales in 2021 , and the Social Innovation Award by the Women Mentors Forum in 2023. She has also been profiled in the book ‘She Is’ – a compilation of women advancing the Sustainable Development Goals in India – for her work with SDG 10 ‘Reduced Inequalities’. She was awarded the prestigious Chevening Research, Science and Innovation Program (CRISP) Fellowship of the British Foreign, Commonwealth and Development Office (FCDO).
Mankad is currently also on the Board of Fabindia Ltd., Mahindra Heavy Engines Ltd., Mahindra Waste to Energy Ltd. and Imperial Auto Industries Ltd. She is also on the Boards of the Women on Wings Foundation (WOW) in the Netherlands and India; WOW is an IndaDutch organization whose aim is to create 1 million jobs for women in rural India, and TARSHI, an NGO which works on creating safe spaces for young people.
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