DCM Shriram Industries Limited at its board meeting held on February 12, 2024, the Board has taken on record the very valuable contribution of Shri S.B. Mathur (Chairman), Shri P.R. Khanna, Shri Ravinder Narain and Shri S.C. Kumar whose tenures as Independent Directors would come to an end on March 31, 2024 on completion of 2 consecutive terms of 5 years each. Shri S.B. Mathur is a qualified fellow Chartered Accountant and ICWA (Part I & II), London. He was the Chairman of LIC of India and Non-Executive Chairman of NSE Stock Exchange of India.

Under his leadership, LIC successfully rose to the challenges of a competitive environment by enhancing product offerings. He held various positions in LIC including Senior Divisional Manager of Gwalior Division, Chief of Corporate Planning, General Manager of LIC (International) E.C., Zonal Manager in-charge of Western Zone and Executive Director. He was appointed by the Government of India as an Administrator of Specified Undertaking of the Unit Trust of India (SUUTI) which managed funds of over 40 billion Dollars.

He is presently a Director on the Board of Ultratech Cement Limited, Thomas Cook (India) Limited, QRG Investments and Holdings Limited and Travel Corporation (India) Limited and non-executive Independent Chairman of the Board of DCM Shriram Industries Ltd.