VISA Steel Limited Annual Report 2007-08

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0103 05 07 09 11PROFILE OF THEBOARD OF DIRECTORS02 04 06 0810010203Vishambhar Saran, ChairmanMr. Saran has an enriched experience ofover 38 years in the iron & steel industry, withover 25 years with Tata Steel in the areas ofdevelopment & operations of mines, mineralbeneficiation plants and ferro alloy plants, portoperations and international trading of rawmaterials for the iron & steel industry.A mining engineer from BHU, he rose to thelevel of Director (Raw Materials) in Tata Steelbefore taking over as Chairman of the VISAGroup in 1994. In a short span of time, he builtthe VISA Group into a minerals and metalsconglomerate with a strong global presencein seven countries, namely, Australia, China,India, Indonesia, Singapore, Switzerland andU.K. He is the Chairman of the InternationalTrade Committee of the CII-Eastern RegionCouncil and the Vice President of the IndianChamber of Commerce.Maya Shanker Verma, Chairman,Finance & Banking and SelectionCommitteesMr. Verma is a career banker with a multileveland wide ranging experience of over 45years, encompassing an understanding of thecommercial, developmental and investmentbanking as well as asset management andcapital market operations.A Master of Arts and Certified Associate ofthe Indian Institute of Bankers, Mr. Vermahas held senior-most and critical positionsin India’s financial system and regulatoryregimes like Chairman, State Bank of India,IDBI Bank and Telecom Regulatory Authorityof India.Arvind Pande, Chairman, ShareTransfer & Investor Grievance &Remuneration CommitteesMr. Pande has over 40 years of experiencein the Indian Administrative Services andthe corporate public sector. He was also0405Joint Secretary to the Prime Minister forhis expertise in Economics, Science andTechnology. As Director of the Department ofEconomic Affairs in the Ministry of Finance,Government of India, he has been involvedwith many World Bank aided projects.A Bachelor of Science and Master of Arts inEconomics from Cambridge University, Mr.Pande is the former Chairman of the SteelAuthority of India Limited and brings to theCompany his in-depth knowledge of the iron& steel industry.Debi Prasad Bagchi, Chairman,Audit CommitteeMr. Bagchi brings to the Board his deepknowledge of the administrative services andthe state of Orissa, especially in the steel& mining sector. He has held prestigiouspositions of authority like AdditionalSecretary, Commerce - Government of India,Secretary, Ministry of Small Scale Industry- Government of India, Chief Secretary -Government of Orissa, etc.A Master of Arts in Economics and anM.Phil in Public Administration, Mr. Bagchiwas also the Chairman cum ManagingDirector of Orissa Lift Irrigation Corporationand Managing Director of Orissa MiningCorporation Limited.Pradip Kumar KhaitanMr. Khaitan is a legal luminary and hasextensive experience in the fields ofcommercial & corporate laws, tax laws,arbitration, foreign collaborations, mergers &acquisitions and corporate restructuring.Mr. Khaitan is a Bachelor of Commerce, anLL.B and an Attorney-at-Law (Bells Chamber,Gold Medalist). He is the Senior Partner ofKhaitan & Co., a leading Indian law firm andalso member of the Bar Council of India, theBar Council of West Bengal and the IndianCouncil of Arbitration06070809Shanti NarainMr. Narain brings with him his expertise instrategic management of transport systems,especially the Railways in the areas ofplanning, marketing, monitoring and controlof operational & commercial activities anddevelopment of transport infrastructure.He holds a Masters degree in Science(Mathematics) and had been the Member(Traffic) Railway Board for 4 years tillFebruary 2001. He is a member of severalcommittees set up by the Government ofIndia and professional societies.Saroj AgarwalMrs. Agarwal laid the foundation of the VISAGroup during the mid-eighties. She guidesthe organisation along its growth chart whileupholding its values and spirit.A Bachelor of Arts from BHU, she takesactive part in philanthropic activities andcontributes to the community through theVISA Charitable Trust where she is a trustee.She is currently the Managing Director ofVISA International Limited.Vikas AgarwalMr. Agarwal is responsible for developingand nurturing the global coal and cokebusiness of the VISA Group and has beeninstrumental in securing investments inthe Group’s coking coal mining venture inAustralia.He holds a Masters degree in ManufacturingEngineering from Trinity College, CambridgeUniversity and is currently the ManagingDirector of VISA Power Limited and VISACoal Pty Ltd.Vivek AgarwalMr. Agarwal is Managing Director of VISAComtrade Asia Ltd and is responsible fordeveloping the minerals, metals and shippingbusiness of the VISA Group and has beeninstrumental in the Group’s joint venture withBaosteel.1011Mr. Agarwal has worked as SeniorConsultant with Booz Allen Hamilton,London, a global strategy consulting firmfor 2 years till 2004, before joining theVISA Group. He holds a Masters degreein Manufacturing Engineering from TrinityCollege, Cambridge University.Vishal Agarwal, Managing DirectorMr. Agarwal has in-depth experience ofcommissioning of greenfield projects ofthe Company by successfully establishingthe plants at Golagaon and Kalinganagar.As Managing Director of the Company, heis responsible for overall management ofoperations and implementation of projectsand is the driving force behind many of theCompany’s strategic and human resourceinitiatives. He is also actively involvedin various philanthropic activities in thebackward districts of Orissa and WestBengal.He is a Bachelor in Economics fromLondon School of Economics and alsoholds a Masters degree in Economics fordevelopment from Oxford University.Basudeo Prasad Modi, DeputyManaging DirectorMr. Modi has over 35 years of enrichingexperience in the field of operations andprojects. He holds a degree in BusinessManagement and a Diploma in IndustrialEngineering and is a Council Member ofthe Indian Institute of Metals. Prior to joiningthe Company as Deputy Managing Director,he was Managing Director of NeelachalIspat Nigam Ltd. Mr. Modi is responsible foroverall operations in Kalinganagar, Orissa.Annual Report 2007-0823
MANAGEMENTPROFILESKrishna Murari Lai, ExecutiveDirector (Raw Materials)Mr. Lal, former CGM, Southern EasternCoalfields Ltd. at Gevra (the largest coalmine in Asia) brings his extensive industryexperience to the procurement of rawmaterials and the development of captivemines for iron ore, chrome ore and steamcoal for the Company.Vinod Kumar, President (Projects)Mr. Kumar has over 30 years of experience inproject execution, operation and maintenanceof DRI, SMS & Rolling Mill. He is responsiblefor the implementation of the DRI, SMS &Rolling Mill projects at Kalinganagar.Manoj Kumar Digga, ChiefFinancial OfficerMr. Digga has been a core member of theGroup’s Finance and Accounts team since1995 and is responsible for the Company’sfinancial strategy. He oversees the financeand accounting functions. He has alsoplayed a vital role in mobilising funds for theexpansion projects of VISA Steel.Ranjan Mishra, Vice President(Ferro Chrome)Mr. Mishra, a metallurgical engineer, hasabout 20 years of experience in operationsof ferro chrome plants and in procurementof raw materials, which includes workingwith the ferro chrome plant of Tata Steel atBamnipal. He is currently responsible forsetting up operations of the Ferro ChromePlant at Kalinganagar.Manoj Kumar, Vice President(Purchase)A mechanical engineer, Mr. Kumarpossesses rich experience in the domesticand international procurements for the ironand steel industry, having honed it in TataSteel and Jindal Steel & Power beforejoining the Company. Currently, he headsthe procurement function of the Company’sprojects and operations.P. R. Bose, Vice President (Coke Oven)Mr. Bose is Bachelor of Science in the fieldof chemical engineering and brings withhim over 30 years of rich experience. Hewas previously associated with SISCOL asGeneral Manager and is responsible for theoperations of the coke oven plant.K. Bhaskar Rao, Vice President(Blast Furnace)Mr. Rao holds a degree in metallurgy fromthe Indian Institute of Metals and has over 24years expertise in commissioning & operationof Foundry, DRI, Blast Furnace and hasimplemented ISO & TPM in various plants inhis previous assignment with Mid West Iron& Steel. He is currently responsible for theoverall Blast Furnace operations.Manish Jaiswal, Vice President(Marketing)A mechanical engineer, Mr. Jaiswal iscurrently in charge of marketing pig iron,coke and ferro chrome. His rich sectoralexperience and knowledge enables him tomarket the product in a very effective manner.Bhawna Agarwal, Vice President(Corporate Communications)A Master’s Degree holder in Economics,Mrs. Agarwal has been spearheading theCorporate Communication strategy of theCompany. She is responsible for creatingand managing the internal and externalcommunication process and extends this tocorporate brand building. She was previouslyassociated with one of India’s leadingnewspapers, Dainik Bhaskar.K. K. Singh, Vice President (RawMaterials)Mr. Singh, a graduate in chemicalengineering, holds a post graduate diplomain Mineral Engineering from ISM, Dhanbadand a masters in Business Administration.He brings with him 31 years of experience inthe field of Marketing, Business Development& Project Management. He is currentlyresponsible for procurement of raw materialscoordination and development of captivemines for the Company.Ashok Agarwal, Vice President(Commercial)Mr. Agarwal has more than 25 years ofexperience in marketing and commercialmatters. Prior to his joining VISA Steel,he worked and gained experience forover 20 years in Sales and Marketing andCommercial matters in Tata Steel. He iscurrently responsible for overseeing thecommercial aspects of the Company’soperations at Kalinganagar.Maninath Sahoo, Vice President(Finance and Accounts)Mr. Sahoo was working as Division Head ofAccounts Department of Ferro Alloys andMineral Division; profits centre of Tata SteelLtd. and brings with him over 27 years of richexperience. He is looking after the financeand accounts of the Company.Annual Report 2007-0825
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Page 12 and 13: CHAIRMAN’SSTATEMENTWe shall conti
Page 16 and 17: CORPORATESOCIAL RESPONSIBILITYCOMMI
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Page 32 and 33: ShareholdersInformationThe Company
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Page 41 and 42: VISA Steel LimitedSchedulesto the a
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Page 62 and 63: Ghotaringa Minerals LimitedSCHEDULE
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VISA Steel Limited Annual Report 2007-08

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