Rico Auto Industries Limited announced that Mr. Yogesh Kapur, Chartered Accountant has been appointed as an Additional Director in the category of Independent Director of the Company for a term of five consecutive years with effect from 26th August, 2023. Term of appointment is 5 years. Mr. Yogesh Kapur (66) is Fellow Chartered Accountant (FCA) with over 38 years' experience in financial services sector.

He started his career in 1983 with Housing Development Finance Corporation Ltd. (HDFC). In 1991 he moved to Investment banking with HSBC and then joined Enam Securities Pvt. Ltd. a leading Investment banking/brokerage house in 1994.

In 2012 with Axis Bank taking over the Investment Banking business of Enam, Mr. Kapur moved to Axis Capital Ltd., a wholly owned subsidiary of Axis Bank. In 2014 he took over as Head Strategic Relationship Group - Wholesale banking for north in Axis Bank. Post his superannuation in July 2017, he re-joined Axis Capital on a 2 year contract [renewed in 2019 for another 3 years (2+1)].

During his tenor as investment banker, Mr. Kapur has worked with Companies both in private and public sectors as these companies prepared to list on public markets. In addition he has been engaged in advising companies on strategic initiatives, M&A, reorganization, business/corporate restructuring etc. Mr. Kapur has very closely worked during this period with DIPAM to manage initial listings and further divestments in listed public sector companies in accordance with Government's directives/decisions on the subject.

During his career positions with different organizations Mr. Kapur has worked on number of international assignments including for USAID and World Bank in Sri Lanka and Ghana. He also served on committees set up by SEBI/Government of India - Ministry of Finance to examine ADR/GDRs as well as Bonds regulations. He is currently serving on the board of companies including HDFC Education and Development Services Private Limited (HEADS), a 100% subsidiary of HDFC Bank Limited, Greenlam Industries Ltd., Kirloskar Oil Engines Ltd., Arka Fincap Ltd., Arka Financial Holdings Pvt.

Ltd., ASK AUTOMOTIVES Ltd. and on the Board of SSIPL Retail Limited a multi-brand retailer of footwear and apparel as also contract footwear manufacturer.