New Head for FICCI

FICCI PresidentPankaj R. Patel took over as the President of the Federation of Indian Chambers of Commerce and Industry (FICCI) for 2016-17 at the recently-concluded 89th annual general meeting of the chamber.

“Patel will take over from Harshavardhan Neotia, Chairman of Ambuja Neotia Group, during the Ficci Annual General Meeting to be held on 16 and 17 December,” Ficci said

Patel is the Chairman and Managing Director, Zydus Cadila – Cadila Healthcare Ltd. He brings with him over 35 years of professional experience and spearheads the affairs of Zydus Cadila.

He is the Chairperson of the Board of Governors of the Indian Institute of Science Education and Research, IISER, Kolkata; a Member of the Board of Governors and also the Chairman of the Finance Committee of the Indian Institute of Management, Ahmedabad; Member, Governing Board of The Ahmedabad University, Chairman of School of Life Sciences, Ahmedabad University; Member of the Board of Management of the Narsee Monjee Institute of Management Studies and Executive Chairman, Vice President and Trustee of the Gujarat Cancer Society and Chairman of the Gujarat Cancer and Research Institute.

Rashesh Shah was elected Senior Vice-President and Malvinder Mohan Singh, Vice President.

Rashesh Shah is Chairman and CEO, Edelweiss Group. He has spent over 25 years in the corporate and financial markets, sector and is one of the leading spokespersons for the industry.

Shah started Edelweiss in 1996 that has since grown into one of India’s leading diversified financial services conglomerates. The Rs 270 billion (nearly Rs 40584.7-crore) Edelweiss Group is present across all significant areas of financial services including Credit, Housing Finance, Financial Markets, Commodities, Asset Management and Life Insurance. The group has 240 offices in 125 cities, including eight international offices in New York, Canada, Dubai, Hong Kong, Singapore, Mauritius, Nigeria and Chad with headquarters in Mumbai, India. Finance Asia, Hong Kong ranked Edelweiss as India’s Best Managed mid-cap company in 2013 and 2014.

Shah serves on the boards of various companies and public institutions. He has previously been on the Executive Committee of the National Stock Exchange and also on the Sebi (Stock Exchange Board of India) committee to review Insider Trading Regulations. An MBA from the Indian Institute of Management, Ahmedabad, Mr. Shah also holds a Diploma in International Trade from the Indian Institute of Foreign Trade, New Delhi.

Malvinder Mohan Singh is Executive Chairman at Fortis Healthcare Limited and SRL Diagnostics Limited. He has laid the foundation for a world-class healthcare ecosystem in India. He is also the Chairman at Religare Enterprises Limited, one of India’s leading diversified financial services groups.

As Executive Chairman, Fortis Healthcare Limited, he has strengthened the fabric of the organisation, and enabled it to move ahead in realising its purpose of saving and enriching lives and expanding access to high quality healthcare at Indian price points.

He remains a strong believer in the India growth story, and under his leadership both Fortis and SRL are committed to transforming the Indian healthcare landscape by taking the next leap in clinical excellence and patient-centric care. An intrinsic risk-taker and an optimistic entrepreneur,

Mr. Singh is well known for his ability to build businesses with an impeccable focus on value creation and positive outcomes.

A Doon School alumnus, Mr. Singh graduated in Economics Honors from St. Stephen’s College, Delhi University. Later, he went on to earn an MBA degree from Fuqua School of Business, Duke University in USA.

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