Management Team | Rain Industries Limited (2024)

Brian Jude McNamara

Chairman - Independent Director

Mr. Brian McNamara (57 years) is a former banker with a 30 year career in project finance, corporate finance and investment management. Mr. McNamara worked in investment operations at International Finance Corporation (IFC) in Washington D.C. from 1991 to 2015 with responsibility for investment strategy, business development and project financing for a range of sectors across emerging markets including chemicals, textiles, general manufacturing and mining. Mr. McNamara has extensive investment experience in project evaluation, financial structuring and investment management across the chemicals, fertilizers, carbon black, plastics, fibers, specialty chemicals and primary metals industries.

Mr. McNamara is an independent Director and Chairman of the Audit Committee of the company’s wholly owned subsidiary Rain Carbon Inc. Prior to joining IFC Mr.McNamara worked in the corporate finance division of Solvay Chemicals (Belgium) and in banking and investment management in Brussels, Belgium and Dublin, Ireland.

Mr. McNamara holds a bachelor’s degree in economics and philosophy from Bristol University in England, and a master’s degree in finance and banking from University College Dublin in Ireland.

He is not holding any equity shares of the Company and he is not related to any Director of the Company.

N. Radhakrishna Reddy

Managing Director

Mr. N. Radhakrishna Reddy is the Managing Director of Rain Industries Limited.

He has more than 50 years of experience in the construction and cement industries. He has been a Director of the company since 1984. Mr. Reddy also is on the boards of Rain Cements Limited, Renuka Cement Limited, PCL Financial Services Private Limited, Arunachala Holdings Private Limited, PR Cement Holdings Limited, Apeetha Enterprises Private Limited, Lakshmi Sea Foods Limited, Rain Entertainments Private Limited and the Pragnya Priya Foundation.

Jagan Mohan Reddy Nellore

Vice Chairman (Non-Executive Director)

Mr. Jagan Mohan Reddy Nellore brings to the Company 25 years of experience in the finance, commercial and operations areas. Mr. Nellore is currently the Director and Vice Chairman of Rain Industries Limited and CEO of Rain Carbon, Inc., USA.

Mr. Nellore was the founder of Rain CII Carbon (Vizag) Limited, which had originally been incorporated as Rain Calcining Limited and which had commenced production of calcined petroleum co*ke (CPC) and electricity in 1998 in India. He spearheaded the vision, strategy and execution of the globalization of the Indian entity’s business model through the acquisition of Rain CII Carbon, LLC of the United States. (formerly CII Carbon, LLC) and by combining the U.S. and Indian CPC business strategies in 2007 and subsequently in 2013 through the acquisition of RÜTGERS N.V., a coal tar pitch (CTP) and chemicals producer. Mr. Nellore has successfully integrated the acquired entities to create the world’s leading industrial carbon producer. Mr. Nellore holds a bachelor of science degree in industrial engineering from Purdue University, USA.

Mr. Nellore is a member of the boards of Rain CII Carbon (Vizag) Limited, Rain Cements Limited, Renuka Cement Limited, Sujala Investments Private Limited, Rain Enterprises Private Limited, Rain Entertainments Private Limited, Pragnya Priya Foundation, Rain Commodities (USA) Inc., Rain CII Carbon LLC, USA, Rain Carbon Inc., Handy Chemicals (USA) Ltd and CII Carbon Corp.

N. Sujith Kumar Reddy

Non-Executive Director

Mr. N. Sujith Kumar Reddy has more than 24 years of experience in the manufacturing and construction industries. He is the Managing Director of Rain Cements Limited, which manufactures and sells cement under the brand name “Priya Cement”. He is also Director of Renuka Cement Limited, PCL Financial Services Private Limited, Arunachala Holdings Private Limited, Apeetha Enterprises Private Limited, Nivee Holdings Private Limited, Nivee Property Developers Private Limited, Rain Entertainments Private Limited and Pragnya Priya Foundation. Mr. Reddy holds a bachelor’s degree in commerce.

B. Shanti Sree

Independent Director

Ms. B. Shanti Sree is a fellow member of the Institute of Chartered Accountants of India and a Practicing Chartered Accountant. She is a designated Partner of M/s. Tukaram & Co LLP., Chartered Accountants, Hyderabad. She is also a registered Insolvency Professional with Insolvency and Bankruptcy Board of India.

She served as a Nominee Director on the Board of State Bank of Hyderabad from March 21, 2015 to March 31, 2017 i.e., till the date of merger with SBI.

She served as a Governing council member from 2008 to 2012 and as a President for the year 2010-11 of “The AP Tax Bar Association”.

She is currently serving as an Independent Director of Nava Limited, Nava Bharat Energy India Limited, B.N. Rathi Securities Limited, Rain Cements Limited, Rain CII Carbon(Vizag) Limited and Trustee on the Board of M/s. Pullela Gopichand Badminton Foundation.

She is also an External member, Board of studies, Department of Commerce, Osmania University College for Women (Autonomous University), Koti, Hyderabad.

Varun Batra

Independent Director

Mr. Varun Batra is a Senior finance professional with more than 25 years of experience in the fields of Private Equity, Special Situations, Corporate Finance & Capital Markets, Credit & Relationship management across various Corporate & Financial Institutional customers. He has relevant experience in Relationship, Risk & Product Management and Debt & Equity investing across the Capital Structure.

Mr. Varun has built and led teams in both large & small organizations with direct Frontline and Profit Centre responsibility. He is currently a Senior Partner and heads the Mumbai office for Baring Private Equity Partners India Pvt. Ltd.

He was a Managing Director at Citibank N.A where he worked during the period 1997 – 2010. During his tenure at Citibank, he built and led Citigroup’s Special Situations proprietary investments in India. Prior to that he headed the Corporate Finance & Capital Markets business and was earlier responsible for relationships with Non-Bank Financial Institutions customers.

He worked in ANZ Grindlays Bank, Mumbai during the period from 1991 to 1996.

He is a Member of the Boards of RMZ Infotech Private Limited, RMZ Ecoworld Infrastructure Private Limited, RMZ Infratech Private Limited, Starkarma Realty Holdings India Private Limited and RMZ Consultancy Services Private Limited.

He is a Graduate in Mathematics from St. Xavier’s College, Mumbai and Post Graduate in Management from the Indian Institute of Management (IIM), Ahmedabad.

Robert Thomas Tonti

Independent Director

Mr. Robert Thomas Tonti (63 Years) has over 40 years’ experience primarily centered on the calcining of petroleum co*ke and energy production with experience in Oil refining and Aluminum Smelting. He holds a Bachelor of Science degree in Chemical Engineering from Rensselaer Polytechnic Institute, Troy, New York, United States of America and MBA from International Institute for Management Development, Lausanne, Switzerland.

Early engineering experience in aluminum smelting and petrochemicals led to Mr. Tonti becoming a start-up manager of then Calciner Industries Inc., for the 1988 acquisition of their calcining plants by private investors. His production technical experience included the optimization of supply chains, logistics and freight movements, raw material quality control, customer service and the design of control systems for calciners. Executive procurement experience included the purchase and transport of bulk materials (petroleum co*ke) worldwide. Executive operations experience included environmental affairs, negotiation and administration of union labor contracts, and the management of the predecessor company’s salaried and hourly personnel at five US facilities. Executive business development experience included creation of steam and power generation projects, their commercial contracts and governmental and investor-owned utility relations. Executive M&A work included acquisition, staffing and restart of facilities.

He is an Independent Director on the Board of Rain Carbon Inc, a wholly owned subsidiary of the Company and member of Audit Committee of Rain Carbon Inc.

He is not holding any equity shares of the Company and he is not related to any Director or Manager or the Key Managerial Personnel of the Company.

T. Srinivasa Rao

Chief Financial Officer

Mr. T. Srinivasa Rao is a first-class graduate in commerce from Andhra University and Fellow Member of the Institute of Chartered Accountants of India. He has more than 30 years of experience spanning finance and accounts, audit and taxation, and mergers and acquisitions. Mr. Rao joined RAIN Group in 2006, and has contributed the financial support for all strategic initiatives of expansions, acquisitions, divestments, corporate restructuring and fund raising. He also is responsible for financial reporting, investor relations management, shared services and group tax planning. Prior to joining RAIN, Mr. Rao worked in the member firms of PricewaterhouseCoopers and Ernst & Young in their Assurance and M&A Advisory divisions for about 13 years and assisted several large Indian and multi-national companies in their acquisition plans.

Balasubramanian Ramaswamy

Chief Internal Audit Officer

Mr. Balasubramanian Ramaswamy is a CMA-qualified finance professional with an enterprising career spanning more than 30 years, covering internal audit, controls and compliance activities holding various leadership roles for reputed multi-national companies such as Metro Cash & Carry, Visteon, Coca-Cola, ExxonMobil and others with extensive experience in handling multiple industry verticals across Asia-Pacific and other geographies. Key differentiators include setting up audit functions and devising unique and innovative review models, strengthening the controls and compliance environment and contributing strategically through business excellence initiatives, delivering tangible results.

Rupankar Chakrabarti

General Manager – Human Resources

Mr. Chakrabarti heads the human resources department of Rain Industries Limited, with responsibility for corporate-level IT-, Internal Audit- and Shared Services-related matters as well as all HR-related issues at its Indian subsidiary companies. He has more than two decades of HR management experience across a range of diversified and multicultural businesses.

Mr. Chakrabarti holds master’s degrees in human resources management from the Indian Institute of Technology – Kharagpur and in biochemistry from Scottish Church College as well as a bachelor’s degree in chemistry from the University of Calcutta.

S. Venkat Ramana Reddy

Company Secretary

Mr. S. Venkat Ramana Reddy is a post-graduate in commerce, graduate in law from Osmania University and an associate member of Institute of Company Secretaries of India, New Delhi. Mr. Reddy was the recipient of Gold Medal from Pragathi Mahavidyalaya PG College in Hyderabad and National Merit Scholarship from Ministry of HRD, Government of India, for outstanding performance in graduation and post-graduation.

Mr. Reddy has more than 15 years of experience in handling matters relating to company law, FEMA, SEBI and other corporate laws. He has gained practical knowledge in corporate restructuring, documentation for acquisitions, buyback of shares, issuance of shares and debentures, security creation and corporate governance.

Mr. Reddy is a voracious reader and a regular contributor of articles on corporate laws in Chartered Secretary and Corporate Secretary, journals published by ICSI, New Delhi and ICSI, Hyderabad chapter respectively and known for maintaining highest standards of professionalism, fairness and integrity.

Mr. Reddy is presently heading the secretarial department of Rain Industries Limited and its subsidiary companies in India.