Board of Directors

A C Mukherjee

Mr. A.C. Mukherji

Education: Studied at Presidency College and University of Calcutta and complete M.A.(First Class) Is a fellow of the Indian Institute of Insurance of India.

Joined New India Assurance Co, Ltd. as management trainee and ultimately became Chairman Cum Managing Director, appointed by the Government of India. During a career spanning 38 years, served both in India and several countries in the world. Attended as delegate/chairman of session and speaker at various seminar and conferences in the country and abroad. Specialisation cultivated consist of insurance underwriting /HRD and Training /investment and financial management etc. After retirement in 1985, was invited to be the Adviser for the Tokyo Marine and General Insurance Co. Ltd., the largest non-life insurer in Asia and was associated with them until 2001. Both during service with the New India and thereafter, served as a Director on many Boards of public limited companies, both in India and abroad. Had been a member of the first Advisory Committee of the I.R.D.A. Presently, serving as independent director on the Boards of 4 Indian public limited companies.

A C Mukherjee

Ms. Nayantara Pal Choudhury

Professional Experience

DIRECTOR, Washabarie Tea Co Ltd
PARTNER, Mohurgong Gulma Tea Co
• Chair of the North Bengal Branch and Council Member of the Tea Research Association.
• Member of the National Committee for Tea
• Member of the Indian Tea Association
• Director of the West Bengal Tea Development Corporation Ltd

Diplomatic Mission

Serves as the Honorary Consul for Norway in the Eastern Region looking after trade development and consular matters.

Academic Background

• B.A. (HONS) in Political Science from University of Jadavpur with a First Class First and was awarded the University Gold Medal and the National Scholarship.
• M.A. in Development Studies from the School of Oriental and African Studies -SOAS-(UNIVERSITY OF LONDON)
• M.Phil (Research Degree) from the LONDON SCHOOL OF ECONOMICS & POLITICAL SCIENCE (LSE). She was awarded the Metcalfe Scholarship
• Was a member of the Senate of Calcutta University Executive Council Member of the Netaji Subhas Open University.

Experience In Industry Associtions

• Past and First Lady President of the 120 year old Bengal National Chamber of Commerce and Industry (BNCCI).
• Member, Executive Committee, Indian Chamber of Commerce.
• Member, National Executive Committee of FICCI, the Federation of Indian Chambers of Commerce and Industry.
• Founder Member of EDI, the Entrepreneurship Development Institute set up in association with the Government of West Bengal and the BNCCI for skill and enterprise development.

Social Associations

• Past District Governor, Rotary International District 3291
• Member of the Advisory Committee of the Indian Council for Cultural Relations, Kolkata
• President of the Indo British Scholars Association
• Has served as International Vice-Chair of the London School of Economics Alumni Association
• Has served on the Executive Committee of the Ladies Study Group
• State Co-Convenor of INTACH, the Indian National Trust for Art and Cultural Heritage, the leading heritage conservation organisation in the country

Awards And Recognitions

• Was recently awarded the Banga Samman Award and the Nari Samman Award and The FICCI 2008 Woman Achiever Award
• Was the only delegate from India to the International Visitors Leadership Programme to USA on an invitation from the US Government in 2007
• Has been part of many leading international business delegation and has accompanied the Chief Minister of West Bengal to South and South East Asia
• She is a member of leading social clubs in Calcutta - Bengal Club, The Royal Calcutta Golf Club, Prima Donna and Tollygunge Club. She was the first lady member of the century-old Calcutta Club

Corporate Governance

Has served on the Corporate Governance and Election Committees of Tollygunge Club Ltd. Kolkata

A C Mukherjee

Mr. Biswajit Choudhuri

Former Chairman & Managing Director of UNITED BANK OF INDIA

Mr. Biswajit Choudhuri, BTech(Hons), FCMA, aged 72 years, has over 51 years of rich and varied experience in Engineering, Banking, Finance and Management. He graduated as a Mechanical Engineer from IIT, Kharagpur, in 1963 and later also qualified as a Cost Accountant from the Institute of Cost Accountants of India of which he is a Fellow. He is also an Honorary Fellow of the Indian Institute of Banking & Finance.

Mr. Choudhuri was appointed by Government of India as Chairman and Managing Director of United Bank of India and he was at the helm of that Bank for five years from 1996 to 2001.

From 1992 to 1996, Mr. Choudhuri was appointed by Government of India as Executive Director of UCO Bank. For a part of that period, from May 1992 to August 1993, he held concurrent charge of Chairman and Managing Director of that Bank.

Between 1972 and 1992, Mr. Choudhuri was with United Bank of India where he held various senior positions and rose to the rank of General Manager in 1984.

For nearly a decade from 1963 to 1972, he served in the management cadre of Indian Oxygen Ltd. (later renamed as BOC India Ltd.), an affiliate of the multinational BOC Group, where he dealt with all aspects of management of manufacture of highly precision gas welding equipment, medical anaesthetic apparatus, tools and guages.

In his long career, Mr. Choudhuri served for various periods on the Boards of Directors/ Governing Councils of several companies and national level bodies as well as on different Committees and Working Groups of Reserve Bank of India, Ministry of Finance of Government of India and the Indian Banks' Association.

He was Deputy Chairman of Indian Banks' Association, a Director on the Board of National Insurance Company Ltd., a Member of the Council of Governors of National Centre for Jute Diversification as nominee of Ministry of Textiles, Govt. of India, Member of Governing Councils/ Boards of National Institute of Bank Management (NIBM), Indian Institute of Banking & Finance (IIBF), Institute of Banking Personnel Selection (IBPS), Indian Institute of Social Welfare and Business Management (IISWBM), North Eastern Institute of Bank Management (NEIBM), Calcutta Stock Exchange Association Ltd., Usha Martin Ltd., Adani Enterprises Ltd., EID Parry (India) Ltd., Mundra Port & Special Economic Zone Ltd. and several other companies/ bodies.

He is currently an independent director on the Boards of a few public limited Companies.

He is associated with a number of national and international professional bodies.

Ajay Kumar Todi

Mr. Ajay Kumar Todi

Spanning 29 years, Shri Ajay Kumar Todi has hands - on wide experience in Marketing, Finance, Info Systems & Commercial, practical plant and project management experience coupled with Internal Control Systems and Audit- backed with academic credentials. Shri Ajay Kumar Todi holds an MBA with specialization in Marketing, is a qualified Chartered Accountant and also a Cost & Works Accountant. He also holds a diploma in Business Finance from ICFAI. He has successfully attended several world class programs including the University of Michigan's program for Marketing Strategy and the OBL (Orgn Business Leadership), PEP (Personal Effectiveness) & TEP (Team Effectiveness) Programs as well. He has travelled worldwide.

I P Podder

Mr. I.P. Poddar

Mr. I.P. Poddar, aged 79 years is a non-executive, Independent Director of the Company since 7th October, 1987.Shri I.P. Poddar is an industrialist having rich business experience especially in textiles.

Names of others Companies in which Mr. I.P. Poddar also holds the directorship:

. The Calcutta Silk Mfg. Co. Limited
. Pioneer Transmission Private Limited
. Shantha Busi-Deals Private limited
. Kini Estates Private Limited
. Subhasree Estates Private Limited

Jugal Kishore Bhagat

Mr. Jugal Kishore Bhagat

Mr. Jugal Kishore Bhagat, aged about 71 years is a Graduate in Commerce from St. Xavier's College, Kolkata. He is an eminent Industrialist and has significant experience in Business.

He currently holds the following positions:

. The Naihati Jute Mills Co. Ltd. - Chairman and Managing Director
. Ginni Filaments Limited - Director
. Ludlow Jute & Specialities Limited - Director
. CFM Infratex Limited - Director
. Reform Flour Mills Pvt. Ltd. - Director
. Ludlow Exports Ltd. - Director
. Bhagat Refinerers & Chemicals Pvt. Ltd. - Director
. Ginni Flour & Foods Ltd. - Director
. Shiva Merchantile & Trading Company Pvt. Ltd. - Director
. Vedant Credit Finance Pvt. Ltd. - Director
. Lotus Enclave Private Limited - Director
. Shivshankar Logitex Private Limited - Director
. BGB Spintex Private Limited - Director

He currently holds the following positions:

. Council of Management of Indian Jute Industries Research Association
. Indian Jute Mills Association

He is associated with the following Social Organisations:

. Seth Anandram Jaipuria College, Kolkata - Member, Governing Body
. Somany Education Trust having School and College at Chirawa, Rajasthan - Trustee
. Dadi Sati Rani & Shri Shivji Maharaj Trust having Temple and Guest House
at Kanpur
- Chairman
. Nawalgarh Vidyalaya Committee having School and
College at Nawalgarh, Rajasthan.
- Senior Member

Jugal Kishore Bhagat

Mr. Lalit G. Toolsidas

Shri Lalit G Toolsidass is an alumnus of St. Xaviers College, Calcutta. He is a senior partner of M/s. Toolsidass Jewraj, 103 years old merchant jute goods exporting firm which was recognized as an EXPORT HOUSE by Government of India. He is also a partner of M/s. Ved Sons & Co. reputable dealers of jute goods.

He was member of the Governing Council of Jute Manufactures Development Council (JMDC) and National Center for Jute Diversification (NCJD) from its inception for 12 continuous years. Was the Chairman of Calcutta Jute Fabrics Shippers Association (CJFSA) and Eastern India Shippers Association (EISA) from 1977 to 1996 and President of East India Jute and Hessian Exchange for Six terms. He was a member of the Committee for Jute of National Commodity and Derivatives Exchange (NCDEX). He also served as Chairman of Indo American Chamber of Commerce, Calcutta. He has been a member of 10 Jute Delegations sent abroad by the Textile Ministry for Export Promotion. He was a member of the JUTE TASK FORCE on Textiles constituted by the Government of India under the Chairmanship of the late Shri P.K. Kaul, the then Textile Secretary. The report was submitted in February 1981.

He has been a Executive Committee member of the Federation of Indian Chamber of Commerce and Industry and Indian Chamber of Commerce, Calcutta for 10 years each. He has been on the Board of several large corporates.

Jugal Kishore Bhagat

Mr. R.V. Kanoria

Mr. R.V. Kanoria,MBA (Hons.) from IMD, Switzerland, and Advance Management Programme from Wharton, USA, has over four decades of experience in the chemicals, textiles and jute industries.

He currently holds the following offices:

. Kanoria Chemicals & Industries Limited - Chairman and Managing Director
. APAG Holding AG, Switzerland - Chairman
. APAG Elektronik AG, Switzerland - Chairman
. J K Paper Limited - Director
. Nestle India Limited - Director
. National Skill Development Corporation - Director
. Ludlow Jute & Specialities Limited - Director
. R V Investment & Dealers Limited - Director
. Kirtivardhan Finvest Services Limited - Director
. Vardhan Limited - Director
. KPL International Limited - Director

He has experience in industry associations as follows :

. Past President of the Federation of Indian Chambers of Commerce & Industry (FICCI)
. Past Chair of the Commission on International Trade and Investment Policy of the International Chamber of Commerce (ICC), Paris
. Past President of International Chamber of Commerce (ICC) (India)
. Past Chairman of Indian Jute Mills' Association
. Past Chairman of Confederation of Indian Textile Industry
. Managing Committee Member, PHD Chamber of Commerce & Industry
. Has been a part of many leading international business delegations, including the official Government delegation for the WTO Inter-Ministerial meetings in Seattle and Hong Kong

His experience with social organizations are as follows:

. Vice Chairman, Population Foundation of India
. Trustee, Sambhava Foundation, an NGO working in the area of skill development among women
. Past Trustee, Operational Smile in India (NGO with headquarters in the State of Virginia, USA, rendering corrective surgeries for disfigured children with special focus on facial deformities)

satish kapur

Mr. Satish Kapur

Present Positions:

. On the Committee of the Indian Chamber of Commerce and Bharat Chamber of Commerce, the two leading Chambers of Commerce in Eastern India.
. Hony. Consul, Consulate of Finland, Kolkata
. Hony. Director & Treasurer of the Consular Corps of Kolkata

Positions held :

. Past President of the Saturday Club and the Rotary Club of Calcutta
. Served on the committee of the Tollygunge Club Ltd. and the Royal Calcutta Turf Club
. Past President of the Federation of Corrugated Box Manufacturers Association of India and now a Permanent Invitee to the Committee
. Served as Director of International Corrugated Case Association with Head Quarters, in Paris
. Has been honored with the KNIGHT, FIRST CLASS, OF THE ORDER OF THE LION OF FINLAND by the President of Finland

Present Composition of Board Of Directors:

S.No Name of the Directors Designation
1 Mr. R. V. Kanoria  Non-Executive Chairman
2 Mr. Ajay Todi  Managing Director
3 Mr. A. C. Mukherji Independent Director
4 Mr. J. K. Bhagat Independent Director
5 Mr. I. P. Poddar Independent Director
6 Mr. B. Choudhuri Independent Director
7 Mr. L. G. Toolsidass Independent Director
8 Mr. S. Kapur  Independent Director
9 Ms. Nayantara Palchoudhuri  Independent Director

Present Composition of Audit Committee:

S.No Name of Directors Position  Category
1 Mr. A. C. Mukherji Chairman Independent Director
2 Mr. B. Choudhuri Member Independent Director
3 Mr.  L. G. Toolsidass Member Independent Director
4 Mr. I. P. Poddar Member Independent Director

Present Composition of Nomination & Remuneration Committee:

S.No Name of Directors Position  Category
1 Mr. B. Choudhuri Chairman Independent Director
2 Mr. L. G. Toolsidass Member Independent Director
3 Mr. I. P. Poddar Member Independent Director

Present Composition of Stakeholder Relationship Committee:

S.No Name of Directors Position  Category
1  Mr. J. K. Bhagat Chairman Independent Director
2 Mr. L. G. Toolsidass Member Independent Director
3 Mr. I. P. Poddar Member Independent Director
4 Mr. Ajay Todi  Member Managing Director

Present Composition of Corporate Social Responsibility Committee:

S.No Name of Directors Position  Category
1  Mr. J. K. Bhagat Chairman Independent Director
2 Mr. R. V. Kanoria  Member Non-Executive Chairman
3 Mr. Ajay Todi  Member Managing Director

Present Composition of Risk Management Committee:

S.No Name of Directors Position  Category
1 Mr. L. G. Toolsidass Chairman Independent Director
2 Mr. Ajay Todi  Member Managing Director
3 Mr. R.K.Gupta Member Chief Financial Officer

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Head Office


Ludlow Jute & Specialities Ltd
KCI Plaza, 4th Floor
23C Ashutosh Chowdhury Avenue
Kolkata 700 019

p +91 33 4050 6300/6330/6331/6332
f +91 33 4050 6333 / 6334

Ludlow Jute Mills Chengail
Howrah 711 308 (W.B.)

p +91 33 2642 8366 / 8820 / 9821
f +91 33 2642 8367

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