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Board of Directors

Mr. Nimir Mehta Non-Executive Chairman

Mr. Mehta is the Promoter of the Wilson Group and the controlling shareholder of DFLTD via Truvalue Agro Ventures Pvt. Limited. which is the holding company of the Group. Mr. Mehta has diverse business experience across a range of sectors including retail and wholesale lending, real estate investments, agro commodities and investing in sustainable infrastructure projects. He has also served as an Operating Partner in the US$ 1 billion+ CLSA Asia PE fund.

Mr. Mehta is an Investor / Director in companies including the CLSA backed Earth Water Group, Wilson Financial Services Limited. and Wilson Ventures Pte. Ltd.

Mr. Karan DesaiManaging Director and CEO

Mr. Desai serves as the Managing Director of DFLTD and brings significant financing and operational experience to the company. He has previously worked with reputed financial institutions including Bank of America, PwC and lastly as head of Corporate Finance at Centrum Capital Limited. He also served as the Chief Operating Officer of a PE fund backed healthcare services company prior to joining DFLTD.

Mr. Desai is a Master’s degree holder in International Business & Management from Westminster Business School, London and a commerce graduate from Narsee Monjee College, Mumbai.

Mr. Ashish DalalNon Executive Director

Mr. Dalal was the founder and Managing Partner of Dalal & Shah, Chartered Accountants which was widely regarded as one of the country’s top accounting and auditing firms prior to it being merged into the PwC network. Mr. Dalal’s areas of expertise includes corporate accounting, finance, audit, business evaluations, mergers, acquisitions, strategic alliances and other fields of corporate consultancy.

He is on the Advisory Board of the Piramal Group Company – Indiareit Fund Advisors Pvt. Limited. Mr. Dalal holds a Bachelor’s Degree in Commerce and is a Fellow Member of the Institute of Chartered Accountants of India since 1982.

Mr. Nirmal Momaya Independent Director

Mr. Momaya is an Entrepreneur with over 30 years of experience in various industries including Specialty chemicals, FMCG, quick service Restaurants, Engineering and Retail. He sits on the Boards of multiple reputed companies including Camlin Fine Sciences Limited. and Capital Foods Limited.

Mr. Momaya cleared his B.Com with honours in the year 1986 and completed his Chartered Accountancy degree in 1987.

Mr. K.P RaghuvanshiIndependent Director

A 1980 Batch IPS Officer with varied experience of over 35 years in leadership roles across Administration, Collection of Intelligence Investigations, Security Management (Valued Assets, General & VIP), Prevention & Detection of Crime, Vigilance, Anti-Corruption, Maintenance of Law & Order, Counter Terrorism measures and Anti Naxal Operations.

Mr. Raghuvanshi has previously served as Additional Director General of Police (Law & Order) for the State of Maharashtra, as Commissioner of Police (Thane) from 2011 to 2014 and currently acts as a Strategic Security Advisor to the Reserve Bank of India.

Mrs. Manjari KackerIndependent Director

Mrs. Manjari Kacker, holds a master’s degree in Chemistry and a diploma in Business Administration. She has over 40 years of experience in taxation, finance, administration and vigilance. She was a Member of Indian Revenue Services batch of 1974 and retired as a Member of Central Board of Direct Taxes, in the rank of Special Secretary to the Government of India. She held various assignments during her tenure in the tax department and was also a member of the Central Board of Direct Taxes. She has also served as the Functional Director (Vigilance and Security) in Air India and has also represented India in international conferences. She is presently on the Boards of Reliance Communication, EGK Foods, Hindustan Gum & Chemicals and Zaffiro Learning.

Mr. Surendra KumarIndependent Director

Mr. Surendra Kumar Behera holds a bachelor’s degree in Agriculture and Diploma in Banking and Finance. In addition to this, he is a Certificated Associate of the Indian Institute of Bankers (CAIIB). He started his professional career as Banker in 1983 with Bank of India as an officer and rose to become Dy. General Manager. He was last associated as Deputy Managing Director of STCI Finance Limited, an NBFC for about two (2) years till March 2018. During his career spanning 36 years in the Banking Industry, Mr. Behera held the top and significant decision-making positions in Banks, Financial Institutions & NBFCs in India viz., Bank of India, STCI Finance Limited, STCI Commodities Limited and Gramin Bank of Aryabrat.

Corporate Governance

  • 2018-19
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