Ownership and Management
The Government of India owns about 86% of SAIL's equity and retains voting control of the Company. However, SAIL, by virtue of its Maharatna status, enjoys significant operational and financial autonomy.
Mr. Chandra Shekar Verma is the current chairman of SAIL, taking charge of the office on June 11, 2010. Prior to this, he was the director of Bharat Heavy electricals Limited (BHEL). Mr. Verma is a fellow member of the Institute of Company Secretaries of India (FCS) and of the Institute of Cost & Works Accountants of India (FICWA). He is a Commerce post-graduate with a Master's degree in Business Administration and Bachelor's degree in Law & Legislatures. Awards received by him during his career are plenty, some of wihhc include 'Best CFO Award' of CNBC-TV 18 in the infrastructure sector for the year 2008-09 and 'Top Rankers Excellence Award for Best Professional' for the year 2008.
Other Board members include Shri S Machendranathan (Additional Secretary & Financial Adviser to the Government of India), Prof. Deepak Nayyar, Shri AK Goswami, Dr. Jagdish Khattar, Prof. Subrata Chaudhuri, Shri Shuman Mukherjee, Shri PC Jha, Shri PK Sengupta, Shri Upendra Prasad Singh, Shri Anil Kumar Chaudhary, Dr. Isher Judge Ahluwalia, Shri Sujit Banerjee, Shri Arun Kumar Srivastava, Shri SS Mohanty, Shri HS Pati and Shri TS Suresh (as on May, 2012).
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