Board of DirectorsQuantum Advisors Pvt. Ltd. (Sponsor)

  • Ajay Nanavati

    Non-executive Chairman

    Mr. Ajay Nanavati is a seasoned global executive with 35+ years of multi-country, cross-functional experience. He started his career with the Tata Group and joined 3M in India in 1988 as its first employee. He was responsible for forming the JV & building the organization from scratch. In the subsequent 28 years with 3M he held positions of increasing responsibility in different parts of the world. In 1993, he relocated to Singapore to manage the APAC region for the telecom business. He moved to divisional Headquarter in Austin, Texas in 1998 where he led the launch of a major new services diversification initiative for the corporation as well as integration of a large French/German acquisition. He spent the subsequent 4 years at corporate HQ in St. Paul, MN in senior strategy & new business development roles including identifying & leading the acquisition & integration of a new-to-the-company technology venture. In 2005, he moved to Israel as Managing Director of 3M Israel. He returned to India in 2008 as the first Indian MD of 3M’s only public company outside the US. During this 5 year stint the company’s revenues doubled, market cap quadrupled, a major R&D center was set up and local manufacturing ramped up. He is currently on the board of Alicon Ltd. Additionally, he is an active innovation evangelist on various forums, mentors start-ups/SME’s and is an angel investor. He is the co-chair of the CII Directors Guild on corporate governance, a member of the CII Start-up council, Advisory Board of International Institute of Information Technology (IIITB) & Advisory Board of Israel Center, IIMB. Mr. Nanavati holds a degree in Chemical Engineering from Virginia Tech., USA.
  • I.V.Subramaniam

    Managing Director and Group Head – Equities

    Mr. I. V. Subramaniam has over 30 years of experience in the investment management and financial services industry. He is presently the Managing Director of Quantum Advisors Private Limited. He Joined Quantum in June 1996 as a Research Analyst and was appointed as a Director in 1998. Since June 2000, Mr. Subramaniam has managed India-dedicated Portfolios for India-based clients and since 2005, he has been managing India dedicated portfolios for international clients. During 1998-2004, under advisory services provided by Quantum Advisors to Hansberger Global Investors, Inc, USA, his responsibilities included research coverage on Indian companies, electric utilities in emerging countries, and building materials companies globally. He has travelled extensively to meet many of these companies in emerging markets and in the developed world. Prior to joining Quantum, he was a Research Analyst with Securities Capital (I) Ltd (1995-1996). Mr. Subramaniam began his career in the Indian financial services industry in 1991, working with Karvy Consultants, a share registrar and retail distribution company, where he focused on new IPO listings and back office functions. He had completed Bachelor’s degree in commerce from Osmania University in 1983 and his Law degree from Osmania University in 1986. He is a CFA Charterholder.
  • William Geoffrey Stein (Geoff)

    Non-executive independent Director

    Mr. Stein has extensive venture investing, transactional and operational experience, having co-founded THINQ Learning Solutions, Inc., a leading provider of learning management systems. Mr. Stein served at various times as Chief Financial Officer, Vice President of Corporate Development and Secretary of THINQ, with responsibilities for finance, administration, operations, corporate strategy and mergers and acquisitions. Prior to THINQ, Mr. Stein served as Vice President and General Counsel of Pure Atria Corporation as Director of Business Development and Counsel for the New Ventures group at Polaroid Corporation, and as Corporate Counsel for Lotus Development Corporation. In these positions, he was responsible for corporate venturing activities, as well as structuring, negotiating and closing a wide range of strategic alliances, partnering relationships and mergers and acquisitions. Mr. Stein began his career as an associate at the law firms of Palmer & Dodge and Hutchins, Wheeler & Ditmar. While in private practice, Mr. Stein specialized in venture capital investments and management-led buy-outs and spin-offs and provided a full range of legal services to high technology companies. Mr. Stein received a B.A. degree from Cornell University and a J.D. degree from the University of Wisconsin Law School.
  • Marsha J. Vande Berg

    Non-executive independent Director

    Ms. Vande Berg has extensive experience in the public and private sectors. In January 2014, she completed a 9-year tenure as Chief Executive Officer of a membership organization in the USA that delivers creative content via programming for public fiduciaries. During her tenure, she grew the organization into an influential and powerful thought leader in three of the most defining themes of the 21st century: the impact of investments in emerging markets, the role of financial institutions in the development of an economy, and the increased role of the Asia Pacific region in the global economy. Ms. Vande Berg holds a Doctor of Philosophy degree from Vanderbilt University and a Masters of Arts degree from Duke University, North Carolina, USA.
  • Hormazdiyaar Vakil

    Non-executive independent Director

    Mr. Hormazdiyaar Vakil is a Partner in Mulla & Mulla & Craigie Blunt & Caroe, Advocate & Solicitor. He enrolled on the roll of solicitors of the Bombay Incorporated Law Society in 1976, and was admitted as a solicitor of the Supreme Court of England in 1985. He was one of the specialist editors of the 11th Edition (1988) of Ramaiya’s Guide to the Companies Act and has also contributed to the first and second editions of the India Investment Manual published by Asia Law and Practice, Hong Kong.

    He is also a Director on the Board of various Companies.
  • Praveen Kadle

    Non-executive Director

    Mr. Praveen P Kadle joined the board of Quantum Advisors Private Limited as an Non-Executive Director with effect from November 26, 2020. Mr. Kadle is currently the non-executive Chairman of Tata Auto-Comp Systems Limited. He has been associated with the Tata Group for close to last three decades. He is on the boards of various Tata and non-Tata companies. Mr. Kadle is recipient of many recognitions and awards such as CFO of the Year Award in the years 2004, 2006, Best CFO in Auto Sector in the year 2007. Praveen was inducted in to “CFO - Hall of Fame” in 2008. He was recognized “Indian Business Leader of the Year” in 2015 by ‘Horasis’, a Global Leadership Institute and Best Indian CEO in Financial Services Sector by Finance Asia in 2017. He has also been associated with CRY (Child Rights and You), the most respected social sector player for last fourteen years as an Honorary Trustee and Treasurer and actively involved with various public charitable institutions. Mr. Kadle holds a bachelor’s degree with Honours in Commerce and Accountancy from Bombay University in 1977. He is also a member of the Institute of Chartered Accountants of India since 1981. Apart from this, he is a qualified Cost Accountant from the Institute of Cost Accountants.



    Note : Quantum being a private limited company, the appointment of independent Directors is not made as per the Companies Act, 2013.