Mr. R. Kannan, was appointed as Director of the Company on 21st July 2011. He is a Post Graduate in Mathematics from Madras University, PGDMS from Bombay University and Certified Associate of Indian Institute of Bankers with Industrial Finance. He has nearly 30 years’ experience in the areas of banking, merchant banking, mutual funds, stock broking and venture capital. He has been member of High Power Committees, appointed by the Government of India, for Stock Transfer Reforms, Bank Finance against stocks, entry norms for private sector mutual funds, Safety Net Mechanism for equity offerings, Bank finance for diamond trade, SEBI Deregulation for recognition of SROs in financial services. He is also on the Board of Orionsayi Consultant Private Limited, Lakecity Ventures Private Limited, Orient Press Limited, Ram Ratna Wires Limited, Real time Techsolutions Private Limited, Pan India Paryatan Pvt. Ltd, R R Kabel Limited, Vizag general Cargo birth Private Limited & Orchid Pharma Limited. He is also a member of the Audit Committee of the Board of Directors of the Company.