A former chairman of ICICI Bank Limited, the second largest Commercial bank in the country, Mr. Vaghul is widely recognised in India for his role in pioneering the Universal Banking Model concept that laid the foundation for a new era in Indian Banking. He served ICICI Bank as the Chairman & CEO, for 24 long years.
Starting the first Venture Capital Company in India that is today among the industry leaders, Mr. Vaghul was also instrumental in setting up ICICI Securities, an Investment Banking company. He also pioneered the concept of Credit Rating in India by setting up CRISIL. He was the founder Chairman of CRISIL for close to ten years and helped in developing the best credit rating practices in the country.
A recipient of numerous awards and honours. Mr. Vaghul was chosen as the Businessman of the Year by Business India in 1992, received a Lifetime Achievement Award, by Economic Times in 2006, and by Ernst & Young in 2009 and by the Bombay Management Association in March 2013. Recognised for his contribution to Corporate Governance by the Institute of Company Secretaries, Mr. Vaghul was also awarded the Padma Bhushan by the Government of India, in 2009.
Chairman, Piramal Group
Vice Chairperson, Piramal Group
Executive Director, Piramal Enterprises Ltd.
Former Vice Chairman, Tata Consultancy Services
Non-Executive Director, Piramal Enterprises Ltd.
Executive Director, Piramal Group
Executive Director, Financial Services, Piramal Enterprises Ltd.
Managing Director, PHL Fininvest Private Ltd.
Non-Executive, Non-Independent Director