Arun Duggal (72), joined the ITC Board as a Non-Executive Independent Director effective September 15, 2014.
Duggal, a Mechanical Engineer from the Indian Institute of Technology, Delhi, and an MBA from the Indian Institute of Management, Ahmedabad, is an international banker with global experience in financial strategy, M&A and capital raising. His professional career includes 26 years with Bank of America (BoA), primarily in the USA, Hong Kong and Japan, with his last assignment as Chief Executive with BoA, India, from 1998 to 2001. He was the Chief Financial Officer of HCL Technologies Limited, India, from 2001 to 2003. He has also been the Chairman of the American Chamber of Commerce, India, and on the Board of Governors of the National Institute of Bank Management. Duggal is involved in several initiatives in social and educational sectors and is founder of FICCI's 'Women on Corporate Boards' Programme. He is also founder of the 'Centre of Excellence for Research on Clean Air' (CERCA) at the Indian Institute of Technology, Delhi.
Duggal is the Chairman & Non-Executive Director of ICRA Limited, Mangalore Chemicals & Fertilizers Limited and International Asset Reconstruction Company Private Limited. He is also an Independent Director of Info Edge (India) Limited and ReNew Power Limited, amongst others.