Board of Directors and Committees

haji-abdul-razak-j-allana
Late Haji Abdul Razak J Allana

Visionary & Path Setter

IVP Limited (IVP) is a publicly listed company founded in 1929. The company is recognized as a pioneer of Foundry Chemicals in India since 1965 and supplies a full range of Polymer Binders and Coatings to leading foundries in India. In addition to Foundry Chemicals, the company also produces Polymer Resins for various applications such as insulation, composites, refractory lining, footwear, and lamination adhesives, etc.


Board of Directors

Mr. T. K. Gowrishankar
Chairman- Non-Executive Non-Independent Director

Mr. T. K. Gowrishankar, a Commerce Graduate and a qualified Chartered Accountant, embarked on his career as a Consultant with M/s. A. F. Ferguson & Co., Chartered Accountants. His corporate journey includes roles such as Management Accountant at the Swedish multinational Sandvik Asia Limited, Corporate VP - Finance and Planning at Wipro Limited, Executive Director at Emirates Industrial and Trading Co. Limited, UAE, and subsequently as Group Director in the multinational Allana Group. With over 48 years of Corporate Management experience and expertise in India and abroad, Mr. Gowrishankar brings a wealth of knowledge to his role.

Mr. Mandar Joshi
Whole Time Director and CEO

Mr. Mandar Joshi assumed the role of Chief Executive Officer at the Company on 11th August 2015 and was subsequently appointed as Whole Time Director & Chief Executive Officer on 1st August 2016. He holds a B. Tech in Chemical Engineering from IIT Mumbai and an MMM (Marketing) from JBIMS, Mumbai University. With over 27 years of experience in the Chemical Industry, Mr. Joshi's journey began as a management trainee at Gharda Chemicals in 1995. He later joined the BASF Group in Ludwigshafen, Germany, in 1996, where he contributed for 5 years. Upon returning to India, he held various roles in different BASF group companies, showcasing his expertise in technical, commercial, and leadership functions, including positions such as Site Manufacturing Director and Business Director Polyurethanes.

Mr. Ranjeev Lodha
Non Executive Independent Director

Mr. Ranjeev Lodha, a Member of the Institute of Chartered Accountants of India and The Institute of Certified Management Accountants, Australia, holds a Post Graduate Diploma in Management of Business Finance (MBF) from the Indian Institute of Finance, Delhi. With a wealth of over 32 years of experience in Corporate Finance, his expertise spans Mergers and Divestments, Financial Reporting and Consolidation, Treasury, Controlling, ERP system implementation, strategic finance, and investor relations. Mr. Lodha has held diverse roles at prominent entities, including Tata Chemicals Limited, Mahindra and Mahindra Limited, and Huhtamaki India Limited.

Mr. Amin Manekia
Non-Executive Independent Director

With over 38 years of diverse experience spanning marketing, finance, health, co-operation, and banking, Mr. Amin Manekia brings a rich depth of expertise to the board. He has dedicated more than three decades to various roles within the Aga Khan Development Network, making significant contributions to institutions locally and globally. Serving on the Boards of numerous listed financial institutions for over a decade, Mr. Manekia currently holds the positions of President at Prince Aly Khan Hospital in South Mumbai and Chairman of Aga Khan Health Services, India.

Mrs. Mala Todarwal
Non-Executive Independent Director

Mrs. Mala Todarwal is a fellow member of the Institute of Chartered Accountants of India and has been a practising Chartered Accountant since 2009. Additionally, she is a member of the Bombay Chartered Accountants Society. Commencing her career at Deloitte, Mrs. Todarwal currently serves as an active partner at M/s. Arun Todarwal & Associates LLP.

Mr. Anwar Husain Chauhan
Non-Executive and Non-Independent Director

Mr. Anwar Husain Chauhan is a Commerce Graduate from Mumbai University and a qualified Chartered Accountant from the Institute of Chartered Accountants of India. His professional journey commenced as an Audit Manager with N.M. Raiji, after which he dedicated over 32 years to the Multinational Allana Group.

Audit Committee

Mr. Amin Manekia (Chairman)
Mrs. Mala Todarwal
Mr. Ranjeev Lodha

Nomination and Remuneration Committee

Mr. Amin Manekia (Chairman)
Mr. T. K. Gowrishankar
Mrs. Mala Todarwal

CSR Committee

Mr. Amin Manekia (Chairman)
Mr. T. K. Gowrishankar
Mr. Mandar Joshi

Stakeholders Relationship Committee

Mrs. Mala Todarwal (Chairperson)
Mr. T. K. Gowrishankar
Mr. Mandar Joshi