Religare Enterprises Ltd (REL) today said it has appointed former bureaucrat Sushil Chandra Tripathi as non-executive independent director to its board. Tripathi was the CEO of Noida Authority.
He has served nearly 20 years in the finance and industry sectors, including as Managing Director of UP Industrial & Investment Cooperation and Advisor as well as Principal Secretary Finance to the Uttar Pradesh government, the company said in a regulatory filing.
At the Centre, he served as Joint Secretary Banking, Secretary BIFR and Joint Secretary, Economic Affairs, among other positions, including CMD of Balco and Nalco. He also held the position of secretary to the Centre in various ministries for four years.
“Tripathi brings a width of experience across state and central governments and across ministries and public sector units. The board of the company is being continually strengthened with renowned individuals having varied expertise, and looks forward to benefit from Tripathi’s vast experience in governance,” Religare said.
REL said the company is strengthening the board and the management teams in the organisation. The stock of the company traded 2.29 per cent down at Rs 44.90 on BSE.