JAMSHEDPUR CONTINUOUS ANNEALING & PROCESSING COMPANY PRIVATE LIMITED
CIN: U27310WB2011PTC160845

BOARD OF DIRECTORS

Mr. Hiroshi Ebina
Additional Director and Chairman

Mr. Anand Sen
Non- Executive Director

Mr. Dibyendu Dutta
Non- Executive Director

Personal History

Name : Hiroshi Ebina

Title : Managing Director of Nippon Steel & Sumitomo Metal India Pvt. Ltd.

Date of birth :  March 11, 1970

Education : Mar. 1992 Department of Economics, Faculty of Economics, Kyoto University

Career

Apr. 1992 Employed by Nippon Steel Corporation.
Jun. 1992 Finance Dept., Finance Division.
Apr. 1995 General Administration Dept., Muroran Works.
Apr. 1999 Manager, Automotive Steel Products Marketing Dept., Nagoya Marketing Branch
Jan. 2005 Manager, Automotive Flat Products Global Marketing Dept., Automotive Flat Products Sales Div.
Aug. 2008 (Seconded to) USIMINAS*(in Brazil)*Usinas Siderurgicas de Minas Gerais S.A.
Nov. 2013 Head of Global Business Development Dept., Automotive Flat Products Sales Div.
(concurrently)
- Director, Member of the board of NIPPON STEEL & SUMITOMO METASL GALVANIZING THAILAND
- Commissioner of P.T KRAKATAU NIPPON STEEL & SUMIKIN, Indonesia
- Audit & Supervisory Board Member of NIPPON STEEL & SUMIKIN SALES VIETNAM COMPANY LIMITED, Vietnam.
Apr. 2016 General Manager, Head of Automotive Flat Products Global Marketing Dept., Automotive Flat Products Sales Div.
Jul. 2018 Managing Director of Nippon Steel & Sumitomo Metal India Pvt. Ltd.

Mr. Anand Sen is responsible for the Steel Business including Marketing & Sales and for the promotion of TQM across Tata Steel India. He graduated from IIT Kharagpur (B Tech, Hons) as a Metallurgical Engineer and joined Tata Steel as a Graduate Trainee in the year 1981. Subsequently, he completed his PGDBM (Marketing) from IIM, Kolkata and also has an Executive MBA from CEDEP at INSEAD, France.

Professional Journey

Mr. Sen has worked across Marketing and Sales, Strategy and Business Leadership, Operations, Maintenance, Supply Chain and Projects, in his more than three decade long career. He led the companys foray into branded steel from Indias first dedicated Steel Distribution Channel and the development of specialized steel for the automotive industry.

Under his leadership Tata Steel has :

>>  Successfully challenged the Deming Grand Prize and witnessed major first-of-its-kind technological developments for example Graphene as Coating Material.
>>  Set up TSAMRC (Tata Steel Advance Materials Research Centre) with renowned Indian universities for R&D of advance materials.
>>  He is spearheading Tata Steel digital transformation initiative by setting up the Digital Value Acceleration Team (D-VAT) with an aim to strengthen internal digital culture & capabilities.

Mr. Sen is on the board of 5 companies: Tata Steel Processing and Distribution Ltd. (Chairman), Tata BlueScope Ltd. The Tinplate Company of India Ltd., JCAPCPL and NatSteel Holdings Pvt. Ltd. He is also board member of Xavier Institute of Management, Bhubaneswar.

Mr. Sen is the Vice President of the Indian Institute of Metals and the Chairman of its Ferrous division. He is the Managing Trustee of the Association for Iron & Steel Technology, India Chapter. He is a member of the advisory committee of the Centre of Excellence in Steel Technology, IIT Bombay. He is also a member of the Working Group of the Manufacturing Committee of the BRICS Business Council.

Mr. Sen is an elected Corporate Member of the All India Management Association (AIMA) and Chairman of CIIs Logistics & Supply Chain Taskforce for the Eastern Region.

Accolades and Awards

He was awarded the Essar Gold Medal of the Indian Institute of Metals in 2004 and the IIM Tata Gold Medal in 2012. Indian Institute of Technology, Kharagpur has recently conferred him the Distinguished Alumnus Award 2017 for his exceptional professional achievements in the industry.

Name : Dibyendu Dutta

Current Designation : Group Head - M&A and Treasury

Age : 51

Education Qualification : Chartered Accountant and Cost Accountant

Brief details of Work Experience :
Started career with Tata Steel in 1993, worked in Jharia, FAMD Synergy Group. Moved to ICRA in 2000 & therafter to the Taj Group of hotels in Corporate Finance M&A and SBU Finance Head. Also was Project Manager for Oracle Financials in Finance & Materials moved back to Tata Steel in 2009 as Chief of M&A and currently Group Head-M&A and Treasury.

Los Angeles

Mr. Soichi Yonezawa
Non Executive Director

Los Angeles

Dr. Pingali Venugopal
Independent Director

Los Angeles

Ms Smita Pandit Chakraborty
Independent Director

Mr. Soichi Yonezawa was born in 1968. He joined NSSMC in April 1991 after graduating from Tokyo University in Law. After joining NSSMC, he has worked as a Manager in various areas including IT, Production Planning, and Labour relations. From 2006, he was in charge of NSSMC's business in India as a Senior Manager of Automotive Flat Products Export Dept. He was a member of the negotiation team for the CAPL joint venture project negotiations between TSL and NSSMC, which later developed into the establishment of JCAPCPL. He played an important role in conclusion the Joint Venture Agreement of JCAPCPL in 2011 and establishment of the Company in 2012. From 2015, he has been serving as a General Manager (Global Business Development), Flat Products Unit and is in charge of various overseas businesses of NSSMC including JCAPCPL.

Pingali Venugopal has teaching, industry, consulting and research experience in the Marketing function in the Indian context for over 35 years.

Venugopal has done his Post Graduate Management Programme and Doctorate from the Indian Institute of Management, Ahmedabad. Currently he is the coordinator of the Center for Global Management and Responsible Leadership at XLRI. He has been a Marketing faculty at XLRI, Jamshedpur since 1994 and the Dean of the institute from 2004 to 2010. He has also been a visiting faculty to leading institutes in India including the Indian Institutes of Management in Ahmedabad, Lucknow, Kolkata, Ranchi, Kashipur, Visakhapatnam and Indore and international institutes including American University of Armenia and Educatis University Switzerland. 

Prior to joining academics, Venugopal worked in the marketing department of Coromandel Fertilisers and Nagarjuna Fertilisers and Chemicals ltd for a period of 10 years. While at Coromandel, he was also involved in the launch of their cement brand. 

Venugopals research and publication cover different marketing topics and he published research papers in leading international and national journals and has authored seven books covering areas of Marketing and Indian Economy. His books; Sales and Distribution Management: An Indian Perspective and Marketing Management: A Decision Making Approach; have been adopted as texts in several business schools including the Indian Institutes of Management.

He is on the Board of Tata Metaliks and Jamshedpur Continuous Annealing and Processing Company Pvt Ltd.; Advisor to Kerzon Consultants and on the Academic Committee of National Institute of Technology, Jamshedpur, National Institute of Agricultural Extension Management, Hyderabad and GITAM University, Vishakapatnam. He has also been involved as a consultant with several projects for both the profit and non-profit sectors. On the invitation of Government of India he prepared the report State of Indian Farmer- A Millennium study wherein he evaluated the impact of the policy measures on inut usage by Indian farmers from Independence to 2000. After the formation of Jharkhand, Venugopal was part of the steering committee of the Jharkhand Development Report prepared for the Planning Commission. He also prepared the agricultural plan for Jharkhand as part of the Jharkhand Development Report.

Annually he conducts several customized training programmes for companies. He has also been inducted as a co-trainer for programme done by Indo- US-Africa Trilateral co-operation on food security for functionaries from Kenya, Malawi and Liberia.

Ms. Smita Pandit Chakraborty aged about 46 years is a Master in English, ranked as 4th from the University of Kolkata, and MBA in Operations & Human Resource from the University of Kolkata. She is a Lead Assessor for Business Excellence and a certified Internal Auditor for ISO 9001: 2008. She is Chairperson of the Manufacturing, Quality & Technology Sub Committee of CII- ER, a Member of Indo German Chamber of Commerce and Kalyani Chamber of Commerce. Currently she is the Managing Director of Phoenix Conveyor Belt India, which is a German Multinational.

Los Angeles

Mr. J. Ravichandran
Independent Director

Los Angeles

Mr. C. V. Sastry
Managing Director

Profile

Highly experienced and result oriented Senior Level Finance Executive with proven track record of below mentioned core competencies and distinguished accomplishment in Bharat Petroleum Corporation Limited (BPCL), a premier Fortune 500 Downstream Oil Company having a turnover of around Rs. 2000 billion & net worth of around Rs. 280 billion and in its Joint Venture Company Bharat Oman Refineries Limited (BORL) having a turnover of Rs. 183 billion & net worth of Rs. 15 billion.

Business

>>  Strategy and Leadership Management.
>>  Cross Functional Partnership.
>>  Treasury Management.
>>  Pricing Strategy, Cost Reduction & Controls and Improving profitability.
>>  Business Process Re-Engineering/Improvements.
>>  Working with Board of Directors, Bankers, Taxation Authorities, Statutory Auditors & other Stake holders.
>>  Change management.
>>  Negotiations & finalisations of large value of contracts with Vendors towards projects execution and business operations.
>>  Training & Development of Finance and other team members comprising of around 500 number of staff and playing the Mentor Role.

Governance

>>  Institution of a robust Governance structure in the newly implemented ERP Systems encompassing
>>  Business processes & Internal Controls Framework.
>>  Enterprise Risk Management Processes.
>>  Business Continuity and Disaster Recovery Plans.
>>  Institution of cross functional Councils to monitor the effectiveness of implementation of processes and controls.

Internal Audit

>>  Institution of Internal Audit processes in the newly implemented ERP system.
>>  Management of Internal Audit team comprising of around 45 number of staff and monitoring their Audit execution.
>>  Training & Mentoring Internal Audit Staff for execution of Audits in the ERP systems.
>>  Interface with Audit Committee and reporting of Internal Controls evaluation & its adequacy and Significant Audit Observations & status on actions taken   towards Audit Recommendations.

Professional Achievements

1. Chief Finance Officer (CFO) in Bharat Oman Refineries Limited (BORL) from September, 2011 to October, 2014

BORL is a Joint Venture Company between Bharat Petroleum Corporation Limited, the second largest Oil Refining & Marketing Company in India and Oman Oil Company, Muscat. Bharat Petroleum Corporation Limited (BPCL) is one of India's largest PSU companies, with Global Fortune 500 rank of 229. BORL is a grass root refinery, with Refining capacity of 6 million metric tonne & constructed and commissioned by BPCL at the cost of around Rs. 130 billion. The Company commenced its Refinery operations on 30 th June, 2011.

CFO position in BORL was below the Board level. However, as the CFO, BORL I participated, as the permanent invitee, in all the meetings of Audit Committee, Board and other Board Sub-Committees.

In my 3 years of tenure as CFO, BORL, I had the opportunity to handle many challenging assignments including formulation and implementation of strategies towards smooth functioning of the Companys operations, effective management of the Companys treasury, streamlining of the policies & procedures for ensuring operation effectiveness, Governance, Risks and controls.

As CFO, BORL

>>  I was head of BORL Finance function, reporting to Managing Director, BORL.
>>  I was the key member of the Top level Management Team of BORL comprising of Managing Director, Chief Operating Officer and Chief Financial Officer.
>>  I was the principal advisor to the Managing Director in all matters relating to Finance, Accounts, Treasury management and Governance.
>>  I played a key role in promoting growth & viability of the Company and also instituting a robust Governance structure comprised, inter-alia, internal control frame works, risk management process, assessment of implementation of the Governance structures for the Company.
>>  I was responsible for leading a team of 55 members and commendably managed, over-all, Finance, Legal, Company Secretary and ERP functions of the Company.

My significant achievements as CFO, BORL were summarised below:

>>  I had played significant role in the formulation and implementation of strategies towards smooth stabilization of the refinery from project phase to operation phase from October 2011 to September, 2012 and, thereafter, functioning of the Companys operations in line with the designed capacity of 6 million metric tons of crude intake from October, 2012 on a sustained basis, a record for any grass root refinery projects.

>>  Through a team of 15 members streamlined the Companys policies, systems & procedures to align the requirements for operation phase and robust Governance structure.

>>  Successfully managed Treasury for the Company through various innovative and out of box initiatives, which included arrangement of 600 million US Dollar loan as Buyers credit towards crude procurement during 2012-13 and infusion of Shareholders fund of Rs. 650 crores, resulting in saving in interest cost of around Rs. 150 crores.

>>  Through sustained and effective interactions with Internal & Statutory Auditors and the Audit Committee members ensured successful completion of Internal Audits and Statutory Audits for the Company.

>>  Successfully managed the cross functional team of 20 persons comprising of members from projects & procurement cell, finance & project management consultants and ensured closure of around 400 project contracts with in a period of one year from October, 2012. In some cases, through sustained negotiations, issues were resolved amicably between the company and the vendors, there by saved the company around Rs. 150 crores towards additional claims from the vendors.

>>  Contributed significantly in playing the role as mentor and imparted knowledge on a sustained basis to the cross functional team of around 70 members on aspects such as efficient management of business operations, tendering processes & contract management, adherence to policies, procedure & internal controls, cost reduction & cost control, Inventory management and cross functional partnership.

2. Bharat Petroleum Corporation Limited (BPCL) from September, 1979 to September, 2011

In my 32 years of career experience with BPCL, of which more than 8 years in the rank of Executive Director and 6 years in the rank of General Manager, I had the opportunity of handling a wide variety of assignments and challenges, as highlighted below in Finance functions across Refining, Marketing, Project Finance and Corporate Finance and in Internal Audit.

>>  I have contributed significantly in instituting synergies in the system, processes and controls across the Mumbai and Kochi Refineries. I was responsible for managing the entire gamut of the activities of the Finance function of Mumbai and Kochi Refineries with total manpower of around 100 staff. I had also effectively vetted around 80 Refineries Projects contracts proposals for approval by the subcommittee of the Board.

>>  Consequent to the merger of Kochi Refineries Ltd with Bharat Petroleum, I was entrusted with the role of integrating the processes, procedures, practices which I had done successfully. This included finalization of Decision Rights and Authorities, finalization of Business Plan, performance optimization and key performance indicators for Kochi Refinery. I had successfully completed these assignments within the designed time frame of 3 months and through working with a cross functional team of around 40 members

>>  I had the unique opportunity of leading the Internal Audit department, with manpower of 45 staff, and re-oriented the staff regarding audit execution in SAP system and also to face the challenges of the emerging Corporate Governance framework. In particular I had contributed significantly in the interface with the Audit committee to enable them in performing their roles. I had played a key role in reviewing the internal control framework and audit of around 30 systems and processes in the post SAP environment.

>>  I have made a significant contribution during the restructuring of the Corporation. In this regard, I played a major role in carving, with the help of 5 no. dedicated staff, the new structure for the Finance Function. This new structure was from function based structure to the structure with embedded finance in 6 nos. business units and shared services finance for 6 nos. major entities, so as to align the finance structure in line with the philosophy of the companys restructured organisation so as to meet the challenges ahead due to impending business competition.

>>  I had led a large cross functional team, including ERP project implementation team, of around 300 members and, using my proven knowledge on process & controls, appropriately finalised & implemented business processes, procedures & controls in SAP. This had brought clarity and confidence at the users level while handling the new SAP system, thereby, ensuring smooth enrolment of the users in to SAP system and optimum utilisation of the new system. This in turn had immensely benefitted the Company as the new system has been leveraged as business tool for combating business competition and for bringing a robust Governance structure.

Other Assignments

>>  Serving as Independent Director in Jamshedpur Continuous Annealing & Processing Company Private Limited, a Joint Venture Company of Tata Steels Limited from 24-3-2015.

>>  Worked as Senior Audit Manager in V. Sankar Aiyar & co, Chartered Accountants, from March, 2015 to June, 2016 and steered Central Statutory Audits of State Bank of India, Ahmedabad Circle, State Bank of India, CAG Central, State Bank of India, IFB Branch, Andheri, State Bank of India, Diamond Branch & Statutory Audit of Indian Oil Corporation, Western Region.

Education

Chartered Accountancy - 1978
Institute of Chartered Accountants of India

B.A (Economics) - 1974
University of Madras

Personal Accomplishments

>>  I had been placed in 46 th Rank, All India, by The Institute of Chartered Accountants of India based on my performance in the Final Chartered Accountancy examination conducted by the Institute in November, 1978.
>>  BPCL had won the Best presented accounts awarded by the Institute of Chartered Accountants of India during the period when I was responsible for Accounts finalization.

Professional Programmes Attended

>>  Programme on Leading Corporate Transformation Performance at the cutting edge conducted jointly by Management Development Institute, Gurgaon and Robert H. Smith School of Business, University of Maryland, Washington ( 2005 )
>>  Study tour to China with the delegations from The Institute of Chartered Accoutants of India ( 2004 )
>>  Corporate Governance New Mantra, conducted by SCOPE, Delhi (2003)
>>  Global Leadership Programme conducted by International Management Institute at Delhi, and Europe ( 2001 )
>>  Gas Pricing Course at Dubai conducted by IBC Gulf Conference ( 1997)
>>  Financial Decision Makers Workshop at New York conducted by The World Trade Institute   ( 1993 )

Personal Objective

My objective is to leverage my areas of core competency and handle assignments such as Independent Director, Advisor on matters related to institution of robust Governance structure, business process re-engineering, policies, procedures, authorities & guidelines, change management process, Internal Financial controls & Internal Audits.

References

1.  D. Rajkumar, Chairman & Managing Director, Bharat Petroleum Corporation Limited.
Mobile no. +91 9819357600, Email: rajkumrd2006@gmail.com

2.  Dr. B.K.Das, past Managing Director, Bharat Oman Refineries Limited & Numaligarh Refinery Limited.
Mobile No: +91 9954476931, +91 9669081111, Email: bhupati2010@gmail.com

Mr C V Sastry aged about 54 years is a Graduate in Metallurgical Engineer. He also holds a Post Graduate Diploma in Business Management from XLRI, Jamshedpur, with specialization in Marketing & Finance. He joined Tata Steel in 1985 in the Research & Development Division and up to August 2012 worked in various positions across diverse functions such as Quality Control, Marketing & Sales, Supply Chain, Flat Product Technology & Corporate Quality Assurance.

He has been instrumental in setting of the JCAPCPL JV right from its conceptualisation, thru' implementation of the project, commissioning & its startup. He has been with JCAPCPL since August 2012.

MANAGEMENT TEAM

Mr. CV Sastry
Managing Director

Mr. Kazuo Imanaka
Vice President & GM

Mr. Atish Mangal
Chief Financial Officer

Mr. Keshava Chandra Jha
DGM (Safety, Production & Procurement)

Mr. Ajay Gupta
AGM (M & S and Planning)

Mr. Avik Chatterjee
AGM (HRM & Admin)

Mr. Kirit Daxini
AGM (Electrical & Maintenance)

Mr. Prashant Kumar
Company Secretary & Compliance Officer

CORPORATE INFORMATION

Board of Directors

Chairman
Mr. Hiroshi Ebina

Directors
Mr. Anand Sen
Mr. Soichi Yonezawa
Mr. Dibyendu Dutta
Mr. C. V. Sastry
Ms. Smita Pandit Chakraborty
Mr. J. Ravichandran
Dr. P. Venugopal

Managing Director
Mr. C. V. Sastry

Statutory Auditor
Price Waterhouse & Co Chartered Accountants LLP

Internal Auditor
Ernst & Young LLP, Chartered Accountants

Secretarial Auditor
Subhasis Bosu & Co, Company Secretaries

Cost Auditor
Shome & Banerjee Cost Accountants

Registrar & Share Transfer Agent
TSR Darashaw Limited

Registered Office
Tata Centre, 5th Floor,
43, Jawahar Lal Nehru Road,
Kolkata - 700 071
Email: communication@jcapcpl.com
CIN: U27310WB2011PTC160845

Committee of Directors

Audit Committee
Mr. Dibyendu Dutta, Chairman
Mr. Hiroshi Ebina, Member
Mr. J. Ravichandran, Member
Dr. P. Venugopal, Member
Ms. Smita Pandit Chakraborty, Member

Nomination & Remuneration Committee
Mr. Anand Sen, Chairman
Mr. Soichi Yonezawa, Member
Dr. P Venugopal, Member
Ms. Smita Pandit Chakraborty, Member

Corporate Social Responsibility
Mr. Dibyendu Dutta, Chairman
Dr. P. Venugopal
Mr. Soichi Yonezawa
Mr. C. V. Sastry

Chief Financial Officer
Mr. Atish Mangal

Company Secretary
Mr. Prashant Kumar

Factory & Plant Office
Mailing Box No. W- 251 At Tata Steel Works,
East Singhbhum, Jamshedpur,
Jharkhand- 831 001