Brief profile of our Directors

Mr. Sanjaya Kulkarni

Mr. Sanjaya Kulkarni is the Chairman and an independent Director of our Company. He holds a bachelor of technology degree from Indian Institute of Technology, Mumbai and masters of business administration from Indian Institute of Management, Ahmedabad. Mr. Kulkarni has approximately 30 years of experience in the financial services and consumer durables industry. He has worked for Citibank, India from 1973-1980 and was involved in investment banking and managing corporate relationships. He was also the Chairman of the Equipment Leasing Association from 1993-1995. Mr. Kulkarni previously managed Century Direct Fund, one of the earliest private equity funds for investment in growth companies in India and also promoted 20th Century Finance Corporation Limited.

Mr. Rajesh Bhatia

Mr. Rajesh Bhatia is the Managing Director of our Company. He holds a bachelor of engineering degree in computer science from MS University, Baroda and masters of business administration in marketing management from Pune University. Mr. Bhatia has approximately seven years of experience in the education industry. He has been associated with our Company since its inception. He oversees the day to day operations of our Company.

Mr. Vishal Shah

Mr. Vishal Shah is an executive Director of our Company. He holds bachelor of commerce degree from Mumbai University and masters of business administration in finance from Narsee Monjee Institute of Management Studies, Mumbai. Mr. Shah has approximately six years of experience in the education industry. He worked with Apple Finance Limited as trainee in 1994-1996. In 1996, he joined Indsec Securities and Finance Limited as an assistant vice president. He has been associated with our Company since its inception in 2007. He oversees the marketing and administration department of our Company. His responsibilities include marketing, setting up of new centers, identifying properties for expansion, appointing franchisees and procurement.

Mrs. Geeta Bhatia

Mrs. Geeta Bhatia is a non-executive Director of our Company. She holds a bachelor of commerce degree from Mumbai University. Mrs. Bhatia has approximately seven years of experience in the education industry. She has been awarded order of merit for montessori education and has been honored by the Indian Council of Management Executives, Mumbai as a samajshri in recognition of services rendered to the public.

Mr. T.S. Sarangpani

Mr. T.S. Sarangpani is an independent Director of our Company. He holds a bachelor of engineering degree and masters of business administration from the University of Madras. Mr. Sarangpani has approximately 32 years of experience in the financial services industry. He started his career with ICICI Bank Limited. After spending seven years with them in the project finance area, he moved to the manufacturing industry where he worked at International Instruments, Bangalore and Nuchem Plastics, New Delhi. Since 1990, Mr. Sarangpani was associated with the financial services industry in areas such as venture capital, setting funds for international investors and investing in India, and investment banking with emphasis in corporate finance. During this period, he was associated with the 20th Century Venture Capital, TAIB Bank in Bahrain, West Merchant Bank at London, and WestLB, a Germany based commercial bank.

Mr. Parantap Dave

Mr. Parantap Dave is an independent Director of our Company. He holds a bachelor of commerce degree and is a chartered accountant. Mr. Dave has 25 years of experience in the field of finance, banking, accounts, audit, taxation, legal, project and general management and commercial matters. Mr. Dave started his career on guiding individuals and corporates on managing their investible surplus on the capital market. This endeavor was further extended to include transacting for placement of commercial paper, advising clients on the initial public offering process, and wealth management. The resultant exposure to various business segments metamorphosed into a bouquet consulting firm, Argent Advisors, which provides corporate advisory to small and medium enterprises on strategy from incubation to initial public offering, from concept to capital, from vision to valuation. Mr. Dave enables business entities in securing funds, both in form of venture capital/ private equity and public equity.

Mr. Ashu Garg

Mr. Ashu Garg is a nominee Director on our Board. He holds a bachelor of technology degree from Indian Institute of Technology, Delhi and masters of business administration from Indian Institute of Management, Bangalore. Mr. Garg is a venture partner at Foundation Capital, and is the nominee Director on behalf of FC VI India Venture (Mauritius) Limited. Most recently, he was a general manager with Microsoft’s on-line services business, where he was responsible for strategy and business management for the Digital Advertising Solutions Business Group. Prior to his work with Microsoft, Mr. Garg worked with McKinsey & Company in Palo Alto and India, where he served early and growth stage companies in digital media, software/software services, healthcare, and consumer services on a range of growth-related issues. He also co-founded Aptech Internet, an Indian online services startup, in partnership with Aptech Limited. Mr. Garg has also worked with Hindustan Unilever in India. He is a TiE Charter Member, and a member of the Indian Angel Network.

Mr. Rishi Navani

Mr. Rishi Navani is a nominee Director on our Board. He holds a bachelor of arts degree from Northwestern University and masters of business administration from Wharton School at the University of Pennsylvania, where he graduated as a palmer scholar. Mr. Navani has over 10 years of experience investing in the Indian market. He is the co-founder and managing director at Matrix India Asset Advisors Private Limited, and is the nominee Director on behalf of Matrix Partners India Investment Holdings, LLC. Previously, he was the managing director at WestBridge Capital Partners. Mr. Navani was a member of the investment team at Apax Partners and Indocean Ventures, an affiliate of Soros Fund Management and Chase Capital Partners. He has also worked in management consulting at A.T. Kearney and McKinsey & Company.

Mr. Jayant Sinha

Jayant Sinha is managing director of Omidyar Network India Advisors, where he leads overall investment strategy and operations in India. In his role, Jayant helps Omidyar Network manage and develop the India-based portfolio across our Access to Capital and Media, Markets & Transparency initiatives. Jayant brings more than 20 years of experience in investing and strategy consulting to his role as managing director, as well as a deep understanding of managing investments and advising businesses in India.

Prior to joining Omidyar Network, Jayant was managing director of Courage Capital Management, where he led technology and India-related investing for a global special situations hedge fund. Prior to joining Courage Capital in 2006, Jayant spent 12 years with McKinsey & Company as a partner in the Boston and Delhi offices.

Jayant has an MBA with distinction from the Harvard Business School, an MS in energy management and policy from the University of Pennsylvania, and a Bachelor of Technology with distinction from the Indian Institute of Technology, Delhi.