Larsen -; Toubro Infotech appoints Vinayak Chatterjee as Additional Director; Stock soars 1.5%

20 Jan 2022 , 10:10 AM

Larsen & Toubro Infotech Ltd has announced that the Board of Directors has approved the appointment of Vinayak Chatterjee as Additional Director, designated as an Independent Director, not liable to retire by rotation, w.e.f. April 1, 2022 for a period of five years including and up to March 31, 2027.

Vinayak Chatterjee graduated in Economics (Hons) from St. Stephen's College, Delhi University (1976-1979) and did his MBA from the Indian Institute of Management, Ahmedabad (1979 - 1981).

He co-founded Feedback Infra Pvt. Ltd. in 1990 to 2021. Since stepping down from active management, he now devotes his time and energy to Infrastructure Policy and Advocacy; as well as nurturing educational institutions.

He has often been called upon to play a strategic advisory role to leading domestic and international corporates, various Ministries of the Government of India dealing with infrastructure, as well as multilateral and bilateral institutions in the areas of infrastructure policy, planning and implementation.

He is one of the leading proponents of the Public-Private Partnership {PPP) model for developing India's infrastructure. One of his more recent engagements with the Government of India related to being a Member of the Committee on Setting up a DFI (Development Finance Institution).

He is currently the Chairman of the Confederation of Indian Industry's (Cll} "Mission on Infrastructure, Investment and Trade"; and has chaired various Infrastructure and Economic Committees at the national level of Cll since 2001. He is on the Board of Directors of several other companies. He also serves as the Chairman of the Board of Governors of llT, Dharwad, and llM, Sirmaur and the National Rail and Transportation Institute, Vadodara.

He is a well-read columnist and writes a monthly column on infrastructure for Business Standard called 'INFRATALK'. He has authored a book titled "Getting it Right - India's Unfoldin g Infrastructure Agenda" published in 2011.

At around 10:00 AM, Larsen & Toubro Infotech was trading at Rs6,793.60 per piece up by Rs101.2 or 1.51% on the BSE.