Executive Directors

1. Anil Agarwal

Executive Chairman, aged 54

Mr Agarwal, who founded the Group in 1976, is also Chairman of Sterlite and is a Director of BALCO, HZL, and Vedanta Alumina Ltd. Since 1976 the Group has grown under his leadership, vision and strategy. Mr Agarwal has over 30 years’ experience as an industrialist.

2. Navin Agarwal

Deputy Executive Chairman, aged 47

Mr Agarwal is also Executive Vice-Chairman and Director of Sterlite, Chairman of KCM and MALCO and a Director of each of BALCO, MALCO and HZL. He joined Sterlite at its inception and the Board of Vedanta in November 2004.

Mr Agarwal is the Chairman of the Executive Committee of Vedanta. In this capacity, he is responsible for overall delivery of the Group’s strategy, including the overall development of the new green and brown field projects, in organic growth opportunities including joint ventures and alliances, the strategic treasury and fund raising initiative and global investor relations, as well as augmenting and managing the top talent of the Group.

Mr Agarwal has also been instrumental in globalising Vedanta’s business and operations. He was actively involved in the internal growth and expansion of the Group’s business in Australia and Zambia. He actively led Vedanta’s successful listing on the London Stock Exchange in 2003.

Mr Agarwal has over 20 years’ experience in strategic and operational management. He received a degree in Commerce from Sydenham College, Mumbai, India and has participated in the Owner/President Management Programme at Harvard University, USA.

3. Kuldip Kaura

Chief Executive, aged 61

Mr Kaura is also Managing Director of Sterlite and Deputy Chairman of KCM. Mr Kaura, who joined Sterlite in 2002, was Managing Director of HZL and became the Chief Operating Officer of Vedanta Resources plc at its inception. He is also a director of HZL, Vedanta Alumina and CMT and has held various positions in operations and business management for 18 years at ABB India. Mr Kaura was a member of the board of directors of ABB India from 1996 and was the Managing Director and Country Manager of ABB from 1998 to 2001. Mr Kaura has a Bachelor’s degree in Mechanical Engineering (Honours) from the Birla Institute of Technology & Sciences in Pilani and Executive education at London Business School and IFL, Sweden.

Non-Executive Directors

4. Naresh Chandra

Aged 73

Mr Chandra joined the Board in May 2004. Mr Chandra was Home Secretary in India in 1990, Cabinet Secretary from 1990 to 1992, Senior Adviser to the Prime Minister of India from 1992 to 1995 and the Indian Ambassador to United States of America from 1996 to 2001. He was Chairman of the Indian Government Committee on Corporate Governance & Audit from 2002 to 2003 and was Chairman of the Committee on Civil Aviation Policy in 2004–2005. He was awarded the prestigious award of Padma Vibhushan by the Honourable President of India this year. Mr Chandra has a Master’s degree in Mathematics from Allahabad University.

5. Aman Mehta

Aged 61

Mr Mehta, a senior banker, joined the Board in November 2004 following his retirement from HSBC where he had a career spanning 36 years. He held numerous positions, including Chairman and Chief Executive Officer of HSBC USA Inc (the New York based arm of HSBC Holdings plc), and as Deputy Chairman of HSBC Bank Middle East, based in Dubai with responsibility for the HSBC Group’s operations in the Middle East. In 1999, Mr Mehta was appointed Chief Executive Officer of the Hong Kong and Shanghai Banking Corporation, a position he held until his retirement. Mr Mehta has a degree in Economics from Delhi University. He now resides in Delhi and is a member of a number of Corporate and Institutional Boards in India as well as overseas.

6. Shailendra Kumar Tamotia

Aged 69

Dr Tamotia, an aluminium specialist, joined the Board in November 2004. He started his career in 1962 with an initial appointment at Bhilai Steel Plant in Chhattisgarh. Dr Tamotia held numerous positions at NALCO from 1984 until 1996, including Chairman and Managing Director in 1993. He was also President and Chief Executive Officer of Indian Aluminium Company Ltd from 2000 until 2004. Dr Tamotia has a Bachelor of Engineering (Honours) degree in Civil Engineering, a Master’s degree in Engineering, Soil Mechanics and Foundation Engineering.

7. Euan Macdonald

Aged 68

Mr Macdonald spent over 20 years with SG Warburg, specialising in emerging market finance. From 1995 to 1999, Mr Macdonald was Chairman of SBC Warburg India, responsible for all the bank’s activities in India, and from 1999 to 2001, he was Executive Vice Chairman of HSBC Securities and Capital Markets, India. Mr Macdonald has a degree in Economics from Cambridge University and a Master’s degree in Finance and International Business from Columbia Business School.