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We are proud to have on board an illustrious panel of board members who advise and guide us at every turn.

  • Guenter

    Guenter Butschek

    Non- Executive, Non- Independent Director and Chairman of the Board

  • Hoshang

    Hoshang Sinor

    Independent Director & Chairman of Audit Committee

  • Phillie

    Phillie Dara Karkaria

    Independent Director

  • P.B.

    P.B. Balaji

    Non-Executive Director

  • Shyam

    Shyam Mani

    CEO & Managing Director

Mr. Guenter Butschek is the Chief Executive Officer & Managing Director of the Tata Motors Limited. His last assignment was with Airbus Group where he served as Chief Operating Officer of Airbus and Member of the Group Executive Committee. Prior to Airbus, Mr. Butschek worked at Daimler AG, where he gained more than 25 years of experience in international automotive management, holding functions like production, industrialization and procurement. He has rich global experience of growing organizations and in developing new markets.

Mr. Butschek, graduated in Business Administration and Economics with a diploma from the University of Cooperative Education Stuttgart, Germany.

Mr. Hoshang Sinor is a B.Com, L.L.B. He has been associated with the Banking Industry for the past 3 decades. Mr. Sinor has also been associated with ICICI for the past several years. Mr. Sinor retired from ICICI Bank Ltd. as a Deputy Managing Director. He is also the Director of various leading Companies including Tata Investment Corporation Limited, which is an NBFC.  

Mr. Phillie Dara Karkaria has a career spanning over 40 years. He has worked for 13 years in the UK with one of the big four firms of Chartered Accountants there, the National Health Service and a large US Multinational Company. This was followed by a consultancy assignment with a large oil conglomerate in the UAE for over 2 years. Subsequently, he worked for 27 years with the Tata Group in India – first, as Vice President of Tata Financial Services, Division of Tata sons Limited, and then retired as Executive Director of Tata Reality and Infrastructure Limited (TRIL). He is on the Boards of several Tata and other companies and is also Honorary Secretary & Treasurer of St. John’s Ambulance Association, Maharashtra State. Mr. Karkaria holds Bachelor’s degree in Commerce and is a fellow member of the Chartered Institute of Management Accountants, London (CIMA)  

Mr. P.B. Balaji is a graduate of from Indian Institute of Technology, Chennai and has a post-graduate management degree from Indian Institute of Management, Kolkata. Having started his career with Unilever in 1995 and worked in different corporate finance roles across Asian markets, Switzerland, UK and India, Mr. Balaji is very well oriented in global finance stream with over two decades of experience in the corporate sector. Mr. Balaji is the Chief Financial Officer of Tata Motors Limited. Before joining TML, he had been heading the finance function as the Chief Financial Officer of Hindustan Unilever, a $6 billion enterprise. Prior to that, he was the Chief Accountant of the Unilever Group in London.

Mr. Shyam Mani joined Tata Motors Finance in the year 2007 as the CEO & Managing Director of the company and during his 11 years of association with the company, he has transformed TMF into a strong captive financing arm of Tata Motors. Mr. Mani has played a key role in shaping the growth of the company both at strategic and visionary level. During his association with the company , he led the company towards growing the portfolio to a level of Rs.25000 cr. He led and oversaw a key restructuring exercise of the company, thereby setting it up for significant value creation in the coming years. His hands on approach coupled with astute leadership has made TMF win several accolades and awards in the last several years. Being a strong believer in analytics and technology, he set up the Analytics division of TMF in the year 2007, a first of its kind for any vehicle financing NBFC in India . He also championed several innovative business practices within the company in the areas of Insurance and Used vehicle business . TMF was also one of the first companies to introduce the concept of Central Processing Centre (CPC) which was recognised by the Tata Group Innovation program .

Prior to joining TMF, Mr. Mani was the Vice President – Sales & Marketing for the Commercial Vehicles Business Unit of Tata Motors Limited (TML) and has had a very successful tenure being responsible for the Commercial and Marketing functions of the entire Business Unit spanning the complete range of products from M & HCV trucks to the highly successful ACE. Mr. Mani has led the successful growth in numbers as well as market shares of the BU and had been closely involved in new product introductions as well as in setting up and growing a large sales team. He has led the entire revamping and growth of the dealer network at TML.

Mr. Mani also served Tata Capital as Chief Operating Officer – Retail Finance prior to his stints with Tata Motors Finance.

Mr. Mani is an alumnus of IIT, Kanpur and he has a vast experience of over 40 years in the Industry spanning Manufacturing and Finance.

  • Nasser

    Nasser Munjee

    Non- Executive, Non- Independent Director and Chairman of Board

  • Vedika

    Vedika Bhandarkar

    Independent Director & Chairperson of Audit Committee

  • Hoshang

    Hoshang Sinor

    Independent Director

  • Phillie

    Phillie Dara Karkaria

    Independent Director

  • P.B.

    P.B. Balaji

    Non-Executive Director

  • Mayank

    Mayank Pareek

    Non Executive Director

  • Girish

    Girish Wagh

    Non Executive Director

  • Shyam

    Shyam Mani

    Non-Executive Director

Mr. Nasser Munjee served with HDFC for over 20 years at various positions including as its Executive Director. He was the Managing Director of Infrastructure Development Finance Co. Ltd. (IDFC) up to March 2004. Presently he is the Chairman of Development Credit Bank (DCB) since June 2005 and is also on the Board of various Multinational Companies and Trusts.

Mr. Munjee is a Technical Advisor on the World Bank-Public Private Partnership Infrastructure and Advisory Fund. Mr. Munjee holds a Bachelor's degree and a Master's degree from the London School of Economics, UK.

Vedika Bhandarkar serves as Water.org's senior leader in India, overseeing the organization's strategy, growth and water and sanitation program expansion in the country. Water.org is a not-for-profit organization that pioneers innovative, sustainable solutions to enable access to water and/or sanitation for people living at the base of the economic pyramid. Vedika and her team continue to scale WaterCredit in in the country through direct partnerships with financial and non-financial organizations, collaboration with enabling partners and engagement with the Government’s Swachh Bharat Mission. Water.org has been working in India for more than 10 years with offices in Chennai and Delhi. Working with the implementing partners, Water.org has helped reach 60 lakh people in the country with access to water and/or sanitation.

Vedika brings more than 25 years of experience building teams and businesses with Indian and international financial institutions. Prior to joining Water.org in January 2016, Vedika served as Vice Chairman and Managing Director at Credit Suisse Securities (India) Private Limited from 2010-2015. Previously, she served as the Managing Director & Head of Investment Banking at J.P. Morgan, where she worked from 1998-2010. She began her career at ICICI Bank in 1989.

Since early 2015, Vedika has dedicated her time to corporate boards and social enterprise, serving as independent director on several corporate boards, and as a volunteer, fundraiser and board member of the Jai Vakeel Foundation, an institution focused on children and adults with intellectual disability.

She is based in Mumbai with her family.

Mr. Hoshang Sinor is a B.Com, L.L.B. He has been associated with the Banking Industry for the past 3 decades. Mr. Sinor has also been associated with ICICI for the past several years. Mr. Sinor retired from ICICI Bank Ltd. as a Deputy Managing Director. He is also the Director of various leading Companies including Tata Investment Corporation Limited, which is an NBFC. 

Mr. Phillie Dara Karkaria has a career spanning over 40 years. He has worked for 13 years in the UK with one of the big four firms of Chartered Accountants there, the National Health Service and a large US Multinational Company. This was followed by a consultancy assignment with a large oil conglomerate in the UAE for over 2 years. Subsequently, he worked for 27 years with the Tata Group in India – first, as Vice President of Tata Financial Services, Division of Tata sons Limited, and then a retired as Executive Director of Tata Reality and Infrastructure Limited (TRIL). He is on the Boards of several Tata and other companies and is also Honorary Secretary & Treasurer of St. John’s Ambulance Association, Maharashtra State. Mr. Karkaria holds Bachelor’s degree in Commerce and is a fellow member of the Chartered Institute of Management Accountants, London (CIMA).

Mr. P.B. Balaji is a graduate of from Indian Institute of Technology, Chennai and has a post-graduate management degree from Indian Institute of Management, Kolkata. Having started his career with Unilever in 1995 and worked in different corporate finance roles across Asian markets, Switzerland, UK and India, Mr. Balaji is very well oriented in global finance stream with over two decades of experience in the corporate sector. Mr. Balaji is the Chief Financial Officer of Tata Motors Limited. Before joining TML, he had been heading the finance function as the Chief Financial Officer of Hindustan Unilever, a $6 billion enterprise. Prior to that, he was the Chief Accountant of the Unilever Group in London.

Mr. Mayank Pareek joined Tata Motors as the President, PVBU in October 2014. As the President, he is responsible for steering the Passenger Vehicle Business and is overseeing Sales and Marketing, Product Planning and Development, Manufacturing, Dealer Development, Spare Parts and After Market Services. Mr. Pareek comes with over two decades of experience with Maruti Suzuki India Limited (MSIL). His last role as the Chief Operating Officer, wherein he was heading the Marketing and Sales vertical that included Domestic Marketing and Sales, International Business, Dealer Development, Product Development, Used Car Business, Outbound Logistics, Spare Parts and Accessories, After Market Services and International Marketing & Sales. He was also a member of MSIL Management Committee, and a permanent invitee to the MSIL Board. He began his career in 1982 with BHEL and worked in the manufacturing function and joined Maruti Udyog in 1991. Initially, he was responsible for sales in the North region and subsequently managed dealer development. During his tenure with Maruti, he also led new strategic initiatives like Leasing, Financing and Used Cars Business. Mr. Pareek has a post Graduate Diploma in Business Management from Indian Institute of Management, Bangalore and a Bachelor of Engineering Degree from Indian Institute of Technology, BHU.

In Jun’17, Mr. Girish Wagh took over as the Head of the Commercial Vehicles Business Unit of Tata Motors. His previous roles include Product Line Head – Medium & Heavy Commercial Vehicles, Head - Programme Planning & Project Management and Head - Operations of the Passenger Car Business Unit. In his illustrious career, Mr. Wagh has delivered key projects such as the Tata ACE - Mini Truck, Nano, Bolt, Zest, Tiago, Hexa and Tigor. In his long standing association of 25 years, he has worked in various roles related to Manufacturing, Purchasing & Supply Chain and Business Excellence. For his excellent contribution to the Automotive Industry he was recognized as a “Rising Star” by the Automotive News Europe in 2011.

Mr. Shyam Mani joined Tata Motors Finance in the year 2007 as the CEO & Managing Director of the company and during his 11 years of association with the company, he has transformed TMF into a strong captive financing arm of Tata Motors. Mr. Mani has played a key role in shaping the growth of the company both at strategic and visionary level. During his association with the company , he led the company towards growing the portfolio to a level of Rs.25000 cr. He led and oversaw a key restructuring exercise of the company, thereby setting it up for significant value creation in the coming years. His hands on approach coupled with astute leadership has made TMF win several accolades and awards in the last several years. Being a strong believer in analytics and technology, he set up the Analytics division of TMF in the year 2007, a first of its kind for any vehicle financing NBFC in India . He also championed several innovative business practices within the company in the areas of Insurance and Used vehicle business . TMF was also one of the first companies to introduce the concept of Central Processing Centre (CPC) which was recognised by the Tata Group Innovation program .

Prior to joining TMF, Mr. Mani was the Vice President – Sales & Marketing for the Commercial Vehicles Business Unit of Tata Motors Limited (TML) and has had a very successful tenure being responsible for the Commercial and Marketing functions of the entire Business Unit spanning the complete range of products from M & HCV trucks to the highly successful ACE. Mr. Mani has led the successful growth in numbers as well as market shares of the BU and had been closely involved in new product introductions as well as in setting up and growing a large sales team. He has led the entire revamping and growth of the dealer network at TML.

Mr. Mani also served Tata Capital as Chief Operating Officer – Retail Finance prior to his stints with Tata Motors Finance.

Mr. Mani is an alumnus of IIT, Kanpur and he has a vast experience of over 40 years in the Industry spanning Manufacturing and Finance.

  • P.B.

    P.B. Balaji

    Chairman Non - Executive & Non - Independent Director and Chairman of the Board

  • Vinesh

    Vinesh K Jairath

    Independent Director and Chairman of Audit Committee

  • Vedika

    Vedika Bhandarkar

    Independent Director

  • R.T.

    R.T. Wasan

    Non-Executive Director

  • Shyam

    Shyam Mani

    CEO & Managing Director

Mr. P.B. Balaji is a graduate of from Indian Institute of Technology, Chennai and has a post-graduate management degree from Indian Institute of Management, Kolkata. Having started his career with Unilever in 1995 and worked in different corporate finance roles across Asian markets, Switzerland, UK and India, Mr. Balaji is very well oriented in global finance stream with over two decades of experience in the corporate sector. Mr. Balaji is the Chief Financial Officer of Tata Motors Limited. Before joining TML, he had been heading the finance function as the Chief Financial Officer of Hindustan Unilever, a $6 billion enterprise. Prior to that, he was the Chief Accountant of the Unilever Group in London.

Mr. Jairath has served as the Principal Secretary (Industries), Government of Maharashtra. He has over 25 years of experience in public administration, rural development, poverty alleviation, infrastructure, finance, industry, urban development, environmental management and a touch of the private sector occupying various important positions in the Government of India and the State Government of Maharashtra.

Mr. Jairath holds Bachelor of Arts degree in Public Administration and Bachelor of Laws degree, both, from the Punjab University, Masters in Economics from the University of Manchester, UK and joined Indian Administrative Service in 1982.

Vedika Bhandarkar serves as Water.org's senior leader in India, overseeing the organization's strategy, growth and water and sanitation program expansion in the country. Water.org is a not-for-profit organization that pioneers innovative, sustainable solutions to enable access to water and/or sanitation for people living at the base of the economic pyramid. Vedika and her team continue to scale WaterCredit in in the country through direct partnerships with financial and non-financial organizations, collaboration with enabling partners and engagement with the Government’s Swachh Bharat Mission. Water.org has been working in India for more than 10 years with offices in Chennai and Delhi. Working with the implementing partners, Water.org has helped reach 60 lakh people in the country with access to water and/or sanitation.

Vedika brings more than 25 years of experience building teams and businesses with Indian and international financial institutions. Prior to joining Water.org in January 2016, Vedika served as Vice Chairman and Managing Director at Credit Suisse Securities (India) Private Limited from 2010-2015. Previously, she served as the Managing Director & Head of Investment Banking at J.P. Morgan, where she worked from 1998-2010. She began her career at ICICI Bank in 1989.

Since early 2015, Vedika has dedicated her time to corporate boards and social enterprise, serving as independent director on several corporate boards, and as a volunteer, fundraiser and board member of the Jai Vakeel Foundation, an institution focused on children and adults with intellectual disability.

She is based in Mumbai with her family.

Mr. Wasan started his professional career through a campus placement at International Instruments Limited, Bengaluru where he worked for about a year in retail marketing for automotive dashboard instruments. Later he joined J.N. Marshalls Limited, Pune in techno-commercial role for a couple of years.

He Joined Tata Motors in 1993 in Company’s Hire Purchase department. Mr. R. T. Wasan has been Vice-President of Sales & Marketing for Commercial Vehicles Business Unit (CVBU) at Tata Motors Limited since August 2015. Mr. Wasan is also serving as a Director of TML Distribution Company Limited.

Mr. Wasan is a Mechanical Engineer from BVB College of Engineering and Technology, Hubli with Post Graduate qualifications in Marketing Management from KIMS of Karnataka University.

Mr. Shyam Mani joined Tata Motors Finance in the year 2007 as the CEO & Managing Director of the company and during his 11 years of association with the company, he has transformed TMF into a strong captive financing arm of Tata Motors. Mr. Mani has played a key role in shaping the growth of the company both at strategic and visionary level. During his association with the company , he led the company towards growing the portfolio to a level of Rs.25000 cr. He led and oversaw a key restructuring exercise of the company, thereby setting it up for significant value creation in the coming years. His hands on approach coupled with astute leadership has made TMF win several accolades and awards in the last several years. Being a strong believer in analytics and technology, he set up the Analytics division of TMF in the year 2007, a first of its kind for any vehicle financing NBFC in India . He also championed several innovative business practices within the company in the areas of Insurance and Used vehicle business . TMF was also one of the first companies to introduce the concept of Central Processing Centre (CPC) which was recognised by the Tata Group Innovation program .

Prior to joining TMF, Mr. Mani was the Vice President – Sales & Marketing for the Commercial Vehicles Business Unit of Tata Motors Limited (TML) and has had a very successful tenure being responsible for the Commercial and Marketing functions of the entire Business Unit spanning the complete range of products from M & HCV trucks to the highly successful ACE. Mr. Mani has led the successful growth in numbers as well as market shares of the BU and had been closely involved in new product introductions as well as in setting up and growing a large sales team. He has led the entire revamping and growth of the dealer network at TML.

Mr. Mani also served Tata Capital as Chief Operating Officer – Retail Finance prior to his stints with Tata Motors Finance.

Mr. Mani is an alumnus of IIT, Kanpur and he has a vast experience of over 40 years in the Industry spanning Manufacturing and Finance.

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