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Board of Directors

Mr. Sanjay D Palve, Managing Director

Sanjay holds total post qualification experience of 21 years in Financial Services business such as Corporate Banking, Corporate Finance, Structured Finance, Financial Restructuring, Investment Banking, Retail Asset Lending and Loan Syndication with an excellent track record in building and leading large financial businesses. He has worked with reputed organizations such as Yes Bank Ltd., ICICI Bank Ltd, L&T etc. He joined Yes Bank in 2004, when the bank just started commercial operations, and over his Tenure of 13+ years, he handled various businesses such as corporate finance, corporate banking, structured finance, priority sector lending and loan syndication. He was part of the core team that steered bank’s growth over the years since its inception. In his last assignment with Yes Bank, he was the Global Business Head - corporate banking, Infrastructure Banking and MNC Banking (multinational clients). He was also nominated as the whole time Director on the board of the bank. At ICICI Bank, he worked in the area of project finance, mainly handling transportation sector. He was a member of various industry associations, including Infrastructure Sector and Energy Sector Committees of Bombay Chamber of Commerce & Industry (BCCI), Infrastructure Committee of Confederation of Indian Industry (CII) for Southern Chapter, Sub-committee of Indian Bank’s Association (IBA) on Infrastructure and CII National Committee on Bio & Wind Energy 2017-18. He holds an engineering degree from VJTI, University of Mumbai and a Masters in Management (Finance) degree from Jamanalal Bajaj Institute of Management, University of Mumbai. He firmly believes in the philosophy of working hard, team work and creating work-life balance culture. He likes reading, adventure sports and travelling to remote places.

Mr. Malay Kumar Sinha, Non-Executive, Independent Director

Mr. Malay Kumar Sinha has done his B.A. (Hons) and M.A. from Delhi University in Humanities and M.Phil from Madras University in Strategic Studies.
He started his career as an Executive in TISCO, Jamshedpur and in 1981 joined the Indian Police Service. After serving in UP Police and IB, MHA, in different capacities, both in India and abroad, he worked as Joint Secretary in the MEA and finally as Secretary Security, Cabinet Secretariat, Rashtrapati Bhawan, from where he superannuated in September 2016.
He is an alumnus of FBI National Academy, Quantico, Virginia, USA and National Defence College, New Delhi. As Joint Secretary in the MEA he had led the evacuation of Indians in Bengazi area from the sea during the war in Libya in 2011. He has been a keen sportsperson and was Secretary of All India Police Sports Control Board for several years. He is a recipient of Police Medal for Meritorious Service and President’s Police Medal for Distinguished Service.

Dr. Rashmi Saluja, Non-Executive Independent Director

Dr. Rashmi Saluja is a Doctor cum Entrepreneur. She is an MBBS, MD & MBA (Finance) by qualification. She has been in the professional field for about 20 years; having worked in Jessa Ram Hospital. She started Chandiwala Medical Institute in Delhi. Presently, she is a medical advisor to reach out programme of Sir Ganga Ram Hospital and Kolmet Ganga Ram Hospital, Delhi. She is also an advisor to Ram Krishna Dharmarth Foundation (RKDF) University, Madhya Pradesh. She is also a promoter of Yogeshwar Dutt Wrestling Academy, Haryana and founder Trustee of Citizens Development foundation, which is involved in social and charitable activities especially in slum rehabilitation.

Mr. Ashok Mehta, Non-Executive, Non-Independent Director

Mr. Ashok Mehta has more than three decades of diversified experience across Legal, Finance, Real Estate & Infrastructure sectors. He has executed an array of Infrastructure & Construction Projects across India and has received awards for Excellence in Leadership for Construction and Design from All India Achievers Foundation, New Delhi. He is avidly interested in Politics, Environment, Education, Music, Sports and Social Causes and has travelled extensively worldwide. He graduated in Law with Distinction from Lucknow University, Lucknow after having graduated in Commerce from RKSD College, Kaithal, Kurukshetra University, Haryana.

Mr. Siddharth Mehta, Non-Executive, Non-Independent Director

Mr. Siddharth Mehta is the founder of Bay Capital with a career spanning over 15 years in asset management. Bay Capital has a highly successful track record of investments in India. Siddharth holds a bachelor’s degree in Business Management and Finance from King’s College, University of London. He currently serves on the Board of Directors of IL&FS Energy Development Company Ltd and several other private businesses.