Retirement Solutions

Board of Directors

Board of Directors of UTI RSL comprises of eminent personalities from different fields viz. Financial Industry, Audit & Accounts, Human Resource Development, Capital Market etc. The Present composition of Board of Directors is as under. Their brief Profiles can be viewed by clicking on their photographs:

Mr. Imtaiyazur Rahman - Chairman and Director

Educational Qualification: B.Sc., FCWA, FCS, CPA (USA), GAMP (ISB-Kellog).

He is Chief Executive Officer and Whole Time Director of UTI Asset Management Company Ltd.

He has been with the UTI Group since 1998 and with UTI AMC Ltd. since 2003. In his earlier role as Group President & Chief Finance Officer-UTI AMC Ltd., he headed the functions of Finance, Accounts, Taxation, Information & Technology and Board related matters of Trustee Company. He was also in-charge of the Global operations, PMS and Private Equity functions.

Prior to UTI, he has worked with Bells Controls Ltd., Leasing Finance India Ltd. and Sumeet Machines Ltd.

He has nearly three decades of experience in management, business leadership, leading change and forming strategic alliances.

Mr. Rahman is also on the Board of UTI International (Singapore), UTI Capital Ltd., IOT Infrastructure & Energy Services Ltd., UTI Pharma Fund, UTI India Fund & UTI Rainbow Fund.

In the past, he was a Director on the Board of Association of Mutual Funds in India (AMFI) and the Convener of the AMFI Committee on Foreign Investment. He was also on the Investment Committee & Capital Market Committee of IMC, and National Committee on Finance of Confederation of Indian Industry(CII).

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Mr. Puneet Gupta - Independent Director

Educational Qualification: Bachelors' in Technology (B.Tech), Mangalore University; Master of Business Administration (MBA), Kellogg Graduate School, Northwestern University, 2002; Manufacturing Strategic Operations Certificate, Northwestern University, 1998;

Mr. Gupta has close to 25 years of professional and academic experience in North America, Europe, & Asia. He has been an entrepreneur in North America with experience of scaling and selling businesses (>US$1 billion) and active investor in global markets (>$250m).

Mr. Gupta is the founding director of Kentrus Investment Advisors based out of New Delhi, India. Previously, he has worked with Crystal Decisions (now SAP AG), a silver lake portfolio company, that was sold for US$1.2 billion to Business Objects during his tenure. Prior to Crystal Decisions, he worked with Sun Microsystems in Palo Alto and Ernst & Young in Chicago.

Mr. Gupta serves as independent director with UTI Retirement Solutions (~$20 billion pension fund manager for Indian government), NCDEX eMarkets (largest spot agricultural commodity exchange), and MarketLinc India (marketing AI technology company in Canada).

Mr. Gupta has been a visiting faculty member at various academic institutions in India & North America. By way of educational background, he has a master’s in business from the J. L. Kellogg School of Management (Northwestern University) and bachelor’s degree in computer engineering. His primary areas of interest are entrepreneurship, venture capital, and technology strategy.

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Mr. Balram P. Bhagat - CEO & Whole Time Director

Educational Qualification: B.Com (Hons)- University of Delhi, CAIIB, MBA (Marketing)

Mr. Bhagat has a vast experience of over 29 years in financial sector. He started his career in erstwhile Unit Trust of India as Staff Officer Gr “A” in March 1992. He has served UTI and UTI AMC in various capacities and has handled multiple responsibilities from time to time with main focus on marketing. He was posted to Corporate Office as Head Product Sales in 2007-08 with the core responsibility of marketing Socially Oriented Schemes of UTI viz UTI Retirement Benefit Pension Fund (UTI RBPF), UTI Children Career Plan (UTI CCP), UTI Unit Linked Insurance Plan (UTI ULIP) and UTI Mahila Unit Scheme (UTI MUS). He also headed the Micro Pension initiatives of UTI Mutual Fund which met with big success.

Mr. Bhagat is also a member of Pension Advisory Committee (PAC) of PFRDA, Government of India.

He is serving as CEO & Whole Time Director of UTI RSL w.e.f. March 2008.

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Mr. Chetan Desai - Independent Director

Educational Qualification: Chartered Accountant

Mr. Chetan Desai is a Chartered Accountant. He retired in 2018 as Joint Managing Partner from M/s. Haribhakti & Co. LLP, a leading CA Firm in lndia. Earlier for over 30 years he was heading the audit & assurance practice of the Firm.

ln his professional experience of 45 years, he has dealt with multinationals, public sector enterprises, large corporates, sectors such as banking and finance, insurance, mutual funds, pension funds, manufacturing, services, real estate, hospitality, engineering, energy, infrastructure, pharma, health care, not for profit entities etc.,.

He has a wide knowledge and exposure in the fields of corporate governance, compliance, accounting, auditing, Corporate Laws and related areas.

He is on the Board of UTI Retirement Solutions Limited since October, 2019. He is also on the Board of a few other Companies.

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Mrs. Sangeeta Sharma - Independent Director

Educational Qualification: Masters in Economics, Post Graduate Diploma in Financial Management, Certified Associate of Indian Institute of Bankers, Certified Assessor for CII- Exim Bank award for Excellence.

Mrs. Sangeeta Sharma, banker with a distinguished experience in the financial sector for over 35 years. She has versatile experience heading various departments at Export Import Bank of India viz. Internal Audit Group, Stressed Assets Group, Corporate Debt Restructuring Group, Textile Cell, Human Resources Group, Head of the Western Regional Office of the Bank. Besides this, she has extensive experience having worked in various areas such as project exports, treasury and accounts, corporate banking including project finance and overseas investment finance. She has received the Woman Leader of 2019 Award in the banking sector, she is a visiting faculty at management schools, NIBM and director on Boards of companies. She is also a qualified assessor for CII-EXIM Bank Award for Business Excellence, which is instituted with the aim of enhancing the competitiveness of companies.

Her areas of interest include international project finance, human resource management, resolution and reconstruction of special situations accounts.

She is on the Board of UTI Retirement Solutions Limited since October, 2020.

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