Meet Board of Directors

Mr. Samir Mehta, 61, is the Director of ₹ 45,000 Crore Torrent Group.

Under his leadership, Torrent Pharma took several strategic initiatives, including forays into new therapies and geographies, large investments in product development infrastructure and capabilities, building state-of-the-art manufacturing facilities and acquisitions, thus establishing Torrent as one of India’s fast growing and well respected Pharma majors. His emphasis on professional organisational design, precise execution and operational efficiencies has built a strong and globally competitive generic business platform in Torrent Pharma.

Samir Mehta has also guided the Group’s entry and growth in the Power sector. Torrent Power has systematically improved its performance on all efficiency parameters and ranks amongst the best run power utilities in the country. His emphasis on efficiency and reliability has led the Company to demonstrate exemplary operational capabilities and high customer orientation thus, setting new benchmarks in the sector and attracting many accolades.

In a move to expand its business presence, Samir Mehta mentored the Group’s entry in the emerging City Gas Distribution sector by participating in bidding rounds for new areas and acquiring existing CGD entities. In short span, Torrent Gas has developed robust infrastructure across all 17 Geographical Areas. Torrent Gas will continue to expand the infrastructure and will achieve the Investment plan of ₹ 10,000 Crores.

Much before the current emphasis on CSR, he always conducted the businesses in a socially responsible way, giving a new dimension to the traditional meaning of CSR. He has emphasized environmental responsibility in industrial operations and creation of local livelihoods in the influence areas of Torrent establishments. His belief that improving community health and school education of the underprivileged class are powerful instruments for social empowerment and upliftment, has driven much of the Group’s investments in CSR activities.

A fine blend of business acumen and cautious entrepreneurial optimism, Samir Mehta has positively influenced all aspects of the Group culture with his contemporary outlook and innovative ideas. Torrent Group has established a reputation for being employee-centric, and above all fair and humane in all its dealings.

Jinal Mehta, 42, has done his Bachelor of Business Studies (BBS) and Master of Business Administration (MBA) from University of Technology Sydney (UTS), Sydney, Australia.

Jinal Mehta has been associated with Torrent Power Limited (“Torrent Power”)as a Director since 2011. He was appointed as Managing Director of Torrent Power w.e.f. April 01, 2018 and subsequently elevated as Vice-Chairman and Managing Director of Torrent Power w.e.f. June 01, 2024. He leads Torrent Power’s efforts at continuous operational improvement and delivering growth.

He has more than 18 years of experience across all facets of the power sector – generation, transmission and distribution. He was involved during the project and operations phases of 1,530 MW SUGEN Mega Power Project of Torrent Power. Subsequently, he was responsible for the implementation of the 1,200 MW DGEN Mega Power Project. Thereafter, he took charge of the distribution business of Torrent Power in April, 2014 and led significant operational improvements in both the licensed and franchised distribution businesses, in terms of network modernisation, reduction in AT&C losses, improved customer services and timely regulatory approvals for recovery of costs.

Under his leadership, Torrent Power grew its Distribution business further by obtaining a distribution license for Dholera Special Industrial Region (SIR), Mandal Bechraji SIR and the Union Territory of Diu, Daman, Dadra Nagar Haveli (DDDNH), and being appointed as the Distribution Franchisee by MSEDCL for Shil, Mumbra & Kalwa (SMK) in Thane District. During his leadership, Torrent Power has strengthened its leadership position in the Power Distribution business and distributes nearly 31 billion units of power per annum and caters to over 4.20 million customers across 12 cities and one Union Territory. Apart from conventional generation, transmission and distribution, his contribution in growing renewable capacity; both Solar and Wind Power, has resulted into renewable energy becoming significant part of Torrent Power’s generation portfolio today with plans for significant further growth. Torrent Power has an aggregate installed generation capacity of ~4.9 GWp, which consists largely of clean generation sources such as gas (2.7 GW) and renewables (~1.8 GWp).

Varun Mehta,is a BSc (with honors) in Management from University of Warwick, UK and an MBA from INSEAD, France. During his tenure with Torrent Power Limited, he has worked across different business segments of the company – namely Renewables, Thermal Generation and Distribution. He started his career in the Renewables business, where he made an important contribution in formulating the entry strategy of the Group in the area of renewable energy and setting up the initial set of renewable energy projects. Later when he moved to the Thermal Generation business, he spearheaded a strategic initiative on importing LNG directly from the international markets, making Torrent Power the first Indian power company to successfully do so. This initiative led to significant benefits for Torrent Power in terms of revenue enhancement and cost savings.

Under his leadership, Torrent’s distribution business has widened its lead over competition and strengthened its position as a benchmark utility. Some of his key contributions have been take-over of operations at Diu, Daman, Dadra, Nagar Haveli, Dholera and Mandal Bechraji and improving AT&C losses further. His efforts in the area of operational excellence led to Torrent Power being recognized as one of only 5 companies in the world to be simultaneously awarded the prestigious Sword of Honour and Globe of Honour from British Safety Council in 2021. Currently, he is spearheading the Group’s foray into the Electricals, Diagnostics and Hospital business.

Mr. Aman Mehta, Aman Mehta holds a bachelor’s degree in economics from Boston University and an MBA from Columbia University, New York. He brings with him a dynamic blend of academic excellence and practical leadership experience across diverse business sectors.

During his 10+ year tenure with Torrent, He has held key leadership positions in both the Power and Pharma verticals of the Group. As a Managing Director at Torrent Pharmaceuticals Limited (“Torrent Pharma”), Aman has primarily been involved in the India business, Torrent’s largest revenue contributor. He played an instrumental role in the seamless integration of the Unichem acquisition and the strategic identification and integration of Curatio Healthcare, both of which delivered substantial value and synergies to Torrent Pharma.

Since his appointment as Director in Torrent Pharmaceuticals Limited, He has continued to make a significant impact on Torrent Pharma’s growth and transformation journey. His contributions include:

• Leading several organic growth initiatives that have begun delivering measurable market share expansion. His efforts have focused on the launch of new products and broadening market presence in focus therapies.
• Driving strategic evaluation and execution of inorganic opportunities, with a strong emphasis on long-term value creation for the India business.
• Bringing a renewed focus on innovation, empowerment, and sustainability by fostering a high-performance culture rooted in Torrent Pharma’s core values and philosophies.

A firm believer in Torrent’s values and philosophies, he lays emphasis on creating a culture of innovation, empowerment and possess a commitment to creating a long-term sustainable business.

Dharmishta N. Raval, 69, is a Science graduate and master in Commercial Laws..

She is an eminent lawyer and enrolled as an Advocate of the Gujarat Bar Association in 1980. She has worked extensively with late Mr. Kirit N. Raval, former Solicitor General of India. She has exposure in the matters of various laws, such as Service Laws, Banking Laws, Company Law, Labour Laws, Income Tax Laws and SEBI Laws. She has also worked as an Executive Director - Legal in SEBI till May, 2003 and thereafter she started her practice as an Advocate at Gujarat High Court. She was a Senior Standing Counsel for the Central Government for the Gujarat High Court till June, 2004. She was a member of the High-Powered Advisory Committee of SEBI and is presently on the Mutual Fund Advisory Committee of SEBI. She is presently practising at the Gujarat High Court and at National Company Law Tribunal, Ahmedabad. She is empanelled as Panel Advocate with institutions like – UTI, SBI, SEBI, GPCB and IRDA.

Dharmishta N. Raval, 58, is a Practicing Advocate. He is also a Chartered Accountant by qualification. He has more than 30 years of experience in advising clients on taxation, exchange control, Insolvency and Corporate Laws.

He has been extensively involved in advising Indian corporate and multinationals on issues relating to double tax treaties (PE exposures, optimizing tax credits etc), due diligence, transfer pricing, foreign tax systems implications, corporate tax and accounting standards including IFRS, Insolvency Professional. He is a former Partner with EY.

He is an Executive Committee Member of International Fiscal Association. He was a Central Council Member of The Institute of Chartered Accountants of India, Director of IPA and RVO formed by ICAI, Chairman of Direct Tax Committee of Gujarat Chamber of Commerce and Industries and was Secretary of ITAT Bar Association, Ahmedabad. He is visiting faculty at IIM on Professional topics.

He has also addressed and presented papers at various seminars and conferences on international taxation, non-resident taxation, transfer pricing, domestic taxation, Accounting Standards, Insolvency and Bankruptcy Code, Valuation Standards etc. He is also a regular contributor of articles to Institute and other professional journals. He has also co-authored book.

Gaurav Shah, 66 years, is a seasoned Chartered Accountant with over four decades of expertise in Audit & Assurance, Taxation and Financial Advisory Services. His deep knowledge spans US GAAP reporting, IFRS audits, due diligence, IPO advisory, statutory audits, mergers & acquisitions, System study and Re-engineering, Management and Internal Audit and business advisory. Having been associated with Deloitte for more than 40 years, He has played a key role in advising and guiding leading corporates across diverse industries, including Energy, Manufacturing, Infrastructure, Pharmaceuticals, Chemicals, Automobiles and Financial Services.

As an active contributor to the Institute of Chartered Accountants of India (ICAI), he has also served as Chairman of its Ahmedabad Branch in 2000.

Yogesh Shah, 62, started his professional career with Deloitte/legacy firm and worked his entire career with Deloitte for more than 40 years. He was Partner based at Ahmedabad leading Deloitte Tax practice in state of Gujarat for more than 20 years.

Yogesh Shah has serviced a number of listed government and non-government companies as well as domestic companies in the private and public sector and MNCs.

Yogesh Shah has over 40 years’ experience in International, domestic tax and Transfer pricing including structuring cross-border transactions besides handling compliance and regulatory matters. Special assignments handled include corporate tax planning and compliance, representation before various departmental authorities, representation before appellate authorities and various Benches of Income Tax Appellate Tribunal.

He is practicing as Chartered Accountant after retirement from Deloitte in the filed of taxation for advisory and litigation and also in succession planning.

Memberships / special competences:

• He is actively associated in professional activities by contributing column, articles in professional journal and lectures in seminar.
• He is also associated with professional bodies and served at various levels.
• He is member of executive committee of ITAT Bar Ahmedabad.
• He is recognised as Gem of profession by Ahmedabad branch of ICAI.