Corporate Governance at CleanMax

Mr. Kuldeep Jain, a visionary leader and the driving force behind CleanMax, has fundamentally transformed the sustainability landscape in Asia, accelerating the decarbonization journey for progressive industries. He founded CleanMax with a vision to lead the transition to clean energy in the commercial and industrial sector and under his leadership, the company has grown exponentially. With a distinguished background as an IIM Ahmedabad alumnus, Chartered Accountant, and a former Global Partner at McKinsey & Company, where he headed the energy and corporate finance division, Kuldeep's expertise has been instrumental in driving CleanMax's extraordinary growth. His strategic acumen, environmental stewardship, and dynamic leadership have propelled the company to a leading position, across India, the Middle East, and South-East Asia. Under his guidance, CleanMax has become the preferred partner for corporations pursuing sustainability and Net-Zero goals. His ability to attract key investors and foster stakeholder confidence underscores his thought leadership, further solidifying CleanMax as an industry pioneer. His achievements have been awarded & recognized by ET (Star of Industry), Forbes (Green Warrior Award), IIM (Young Alumni Achiever) amongst others

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Pratap Jain brings rich operational experience from the apparel and textile sector. As a former senior leader at the Raymond Group, he has led large teams and scaled business operations. A Chartered Accountant by qualification, Pratap contributes financial clarity and operational foresight to the CleanMax board.

Mr. Santosh Janakiram is a Senior Partner & Member of the Partnership Council at Cyril Amarchand Mangaldas (“CAM”) and previously was a partner in Amarchand & Mangaldas & Suresh A. Shroff & Co. (AMSS), India’s largest and foremost law firm. Mr. Janakiram was admitted to the Bar after receiving his B.A. LLB (Hons.) degree from the National Law School of India University in Bangalore, and has worked with AMSS/CAM’s Mumbai office since 2001. Mr. Janakiram has rich and in depth experience in construction, projects, project financing, structured financing, acquisition financing, banking, debt capital markets and private equity. He represents developers, sponsors, lenders and is involved in various infrastructure sectors, including renewable energy, construction, transportation and mining. He has spearheaded the development of the renewable energy practice at the Firm and has been involved in the development of the transition and sustainable energy practice.

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Ms. Shilpa is an accomplished professional with over 29 years of experience, beginning her career in consulting and successfully transitioning to leadership roles in the dynamic agribusiness and food sectors. She has worked for prestigious organizations including Arthur Andersen, KPMG, Bunge Agribusiness, Monsanto, and Bayer CropScience, steadily advancing through roles of increasing responsibility. At Bayer CropScience, Ms. Shilpa led Strategy and Commercial Excellence for the Asia-Pacific region and co-led the Global Smallholder Strategy. She has also served as the CEO and Managing Director of Monsanto India driving key business initiatives and overseeing operations. Ms. Shilpa was the Head of Strategy & Business Development at Bunge India a leading US-based multinational in the oilseeds, commodity trading, and food sectors. 

Ms. Shilpa currently serves as an Independent Director on the boards of AstraZeneca Pharma India Limited and GMM Pfaudler India Limited, and as a Non-Executive Director at Grow Indigo Private Limited. 

She is also the Co-founder of AGVAYA LLP, a consulting firm focused on the agriculture and food value chain. She holds a postgraduate degree in Commerce and is a qualified Chartered Accountant, Cost Accountant, and MBA.

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Murzash Manekshana is a Non-Executive Nominee Director on the Board of our Company. He holds a bachelor’s degree in commerce from the University of Bombay. He is an associate member of the Institute of Chartered Accountants of India. He has over 28 years of experience in the renewable energy, finance and road infrastructure sectors. Presently, he is a managing director at Brookfield Advisors India Private Limited. His career includes notable roles such as deputy managing director at MEP Infrastructure Developers Limited, managing director with Altamount Capital Management Private Limited where he was responsible for overall operations and specifically managing the investment banking and private equity. He has also served as a director – operations with Halycon Resources and Management Private Limited, director – finance and risk management with Prudential Process Management Services India Private Limited, senior manager in the risk and business solutions practice with Ernst & Young LLP, and experienced Manager with Arthur Andersen and Associates where he was part of the financial services industry and the business fraud & investigation services group.

Nawal Saini is a Non-Executive Nominee Director on the Board of our Company. He holds a bachelor’s degree in science from University of Delhi, and a post-graduate diploma in business management from Management Development Institute, Gurgaon. He has over 19 years of experience in the finance and renewable energy sector. He was previously associated with project advisory and structured finance of SBI Capital Markets Limited, Jacob Ballas Capital India Private Limited, J.P. Morgan India Private Limited and CDPQ India Private Limited. Presently, he is a managing partner at Brookfield Advisors India Private Limited. In this role, he is responsible for developing and scaling Brookfield’s renewable energy operations across India and the Middle East.

Arijit Basu is an Independent Director on the Board of the Company. He holds a master’s degree in arts from the University of Delhi and has completed the course of Certified Associate of Indian Institute of Bankers. He has over 40 years of experience in the field of banking and financial services and was the managing director and whole-time director of State Bank of India (“SBI”). His career with the SBI group spanned 37 years from December 1983 to October 2020. He was deputed by SBI as the managing director and chief executive officer of SBI Life Insurance Company Limited from July 2014 to March 2018. After retirement from the SBI, he has been serving on the board of various companies and in advisory roles. Presently, he is a director on the board of Prudential plc, HDB Financial Services Limited and Peerless Hospitex and Hospital Research Centre Limited. He was appointed as a member of the advisory board of Razorpay Inc. and as a senior advisor to Ares SSG Capital Management (India) Private Limited and Ares Management Asia (Singapore) Pte. Limited, AZB & Partners and Deloitte Shared Services India LLP. He also serves as the chairman of the academic council of the college of supervisors of the Reserve Bank of India and is a member of the insurance advisory committee of the Insurance Regulatory and Development Authority of India.

Ajay Kaul is an Independent Director on the Board of our Company. He holds a bachelor’s degree from Indian Institute of Technology, Delhi and post graduate diploma in management from XLRI, Jamshedpur. He has previously served as a chief executive officer and whole-time director of Jubilant FoodWorks Limited (Formerly known as Domino’s Pizza India Limited) and as a senior advisor of F&B Asia Management Pte. Ltd. (an entity controlled by Everstone group). He has several years of experience in the food and beverage industry. He is currently associated with Restaurants Brands Asia Limited as a director.