Pearl Global Industries Limited at its Meeting held on February 12, 2024, approved the appointment of Dr. Rajiv Kumar, Mr. Sanjay Kapoor and Mr. Ashwlnl Agarwal as Additional Director in the category of Non-Executive, Independent Director of the Company. Dr. Rajiv Kumar, aged about 73 years, holds a PhD in Economics from Lucknow University and D. Phil from Oxford University. Dr. Rajiv Kumar is the Chairman of Pahle India Foundation, a non-profit making research think tank.

He is the former Vice Chairman of NITI Aayog. He is currently a Member of the Global Leadership Council, GASP, New York. He is also a Director on Parley India Foundation.

He also serves as the Chancellor of Gokhale Institute of Politics and Economics, Pune and Chairman of the Board of Governors of the Giri Institute of Development Studies, Lucknow. He has wide experience of having worked in academia, government, industry as well as in multilateral institutions. In the government, he was Economic Advisor with Department of Economic Affairs (DEA), Ministry of Finance& Senior Consultant at the Bureau of Industrial Costs and Prices (BICP), Ministry of Industry.

His experience in the multilateral financial institutions was with Asian Development Bank (ADB), Manila, where he spent 10 years before returning to India in 2004. He was also the Chief Economist of the Confederation of Indian Industries (CII) during 2004-2006 and Secretary General of Federation of Indian Chambers of Commerce and Industry (FICCI) during 2011-2013. He served on the Central Boards of State Bank of India for two terms and was also on the Central Board of Reserve Bank of India (RBI).

Mr. Sanjay Kapoor, aged about 56 years, holds B. Com degree from Shri Ram College of Commerce and MBA from the University of Rochester, New York (USA). A banker turned entrepreneur, Mr. Sanjay entered the Indian fashion Industry in the mid-90s and gets substantial credit for leading to the corporatization of the industry. He expanded his vision of luxury retailing by the introduction of several international luxury brands into India such as Giorgio Armani, Emporio Armani, Armani Exchange, Paul Smith, and many others with the formation of Genesis Luxury which is now a part of Reliance Brands Limited (RBL), a subsidiary of Reliance Industries Limited.

Mr. Sanjay is a member of Young Presidents Organization (YPO) and is a recipient of several awards for his innovative initiatives in fashion retailing. Mr. Ashwini Agarwal, aged about 55 years, holds B.Com degree from Shri Ram College of Commerce and MBA from IIM Bangalore. Mr. Ashwini Agarwal is the founder and partner of Demeter Advisors LLP, a Mumbai-based family office firm.

He is a seasoned equity investor with over 31 years of experience across emerging markets, especially India and South Asia. Prior to setting up Demeter Advisors, Mr. Ashwini worked at Ashmore Group pie (2006-2021), a UK based emerging markets investment manager. At Ashmore, he was a Portfolio Manager and head of the India team.

In addition to broader portfolios, he started and managed funds dedicated to investing in smaller companies in the South Asia region. In this role, he identified and invested in several small companies that have become well followed mid to large-cap names over time. He started his career with SBI Mutual Fund in 1992.

Between 1994 & 2006, he was the Head Institutional Equities at UBS and Kotak Securities, and Head of Equity Research at SSKI.