Loading
Loading
Investor Relationship

Corporate Governance

Introduction

The Company complies with the requirements of the applicable regulations, including the listing agreement with the Stock Exchanges and the SEBI Guidelines, in respect of corporate governance, including constitution of the Board and Committees thereof. Our corporate governance framework is based on an effective independent Board, separation of the Board's supervisory role from the executive management and constitution of the Board Committees, majority of them comprising of independent directors and chaired by an independent director to oversee critical areas.
The Company has a broad based Board of Directors constituted in compliance with the Companies Act and the listing agreement with Stock Exchanges and in accordance with best practices in corporate governance. The Board of Directors functions either as a full Board or through various committees constituted to oversee specific operational areas. Our management provides the Board of Directors detailed report on its performance on a quarterly basis.

Board of Directors

Name of the Directors Designation
Mr.Pradeep Jaipuria   Chairman, Independent Director
Mr. Sunder Genomal   Managing Director
Mr. Pius Thomas   Executive Director – Finance
Mr. Shamir Genomal   Executive Director – Chief Strategy Officer
Mr. Ramesh Genomal   Non Executive Director
Mr V Sivadas   Alternate Director to Mr. Ramesh Genomal
Mr. Nari Genomal   Non Executive Director
Mr P V Menon   Alternate Director to Mr. Nari Genomal
Mr.Timothy Ralph Wheeler   Non Executive Director
Mr. B C Prabhakar   Independent Director
Mr. G.P Albal   Independent Director
Mrs. Rukmani Menon         Independent Director
Mr. Sandeep Kumar Maini   
  Independent Director
Mr. Vikram Gamanlal Shah   Independent Director

The Board of Directors of Page Industries Limited comprises of the following persons:
 

Mr. Pradeep Jaipuria, is the Independent Director cum Chairman of our Company. He is a B. Tech in Chemical Engineering from IIT –Mumbai. Mr.Jaipuria started his own business in 1973 by promoting Agro Extracts Limited which is today the largest processor of neem in the country. Subsequently, in 1990 he promoted PJ Margo Private Limited to manufacture neem based bio pesticides.

Mr. Sunder Genomal, Managing Director, is one of the founders of our Company and has spent over three decades in various facets of the textile industry. He is a postgraduate in Industrial Management Engineering, DeLaSalle University, Manila, Philippines where he was ranked among the top 3 students. Mr. Genomal is a member of the Young President's Organisation and the World Presidents Organisation. He received an award during the 125th anniversary of Jockey International in 2001 for his dedicated association with Jockey International. Mr. Sunder Genomal laid the foundation of Page Industries Limited in 1994 and has been the key inspiration for the company's personnel and his leadership has established strong foundation for our company's future. As Managing Director, he oversees the entire working and affairs of our Company's management. 

Mr. Pius Thomas, is the Executive Director-Finance of our Company. Mr Pius Thomas had secured first rank in B.Com., M.Com., and ICWAI. He did his MBA from The University of Texas at Arlington, USA in 1981.He joined the organisation as Senior Manager in the year 1995 and subsequently got promoted to General Manager-Finance and further to Vice President –Finance. He has over three decades of experience in the field of finance, accounts, costing taxation and purchase. He has also worked with Syndicate Bank, Tata Oil Mills Company Limited, Keltron Limited and BPL Ltd.
 
Mr. Shamir Genomal, is the Executive Director- Chief Strategy Officer of our Company. He is a graduate of Bachelors in the Business Administration from Babson College, Massachusetts. He joined the Company in 2008 as Operations-in-charge and later got elevated to GM-Operations and subsequently to Senior Vice President. He carry out strategy planning for entire affairs of the Company, product development, outsourcing and all functions relating to brand “Speedo”. 
 
Mr. Ramesh Genomal, Non Executive Director, is one of the founders of our Company and has over three decades experience in the textile and garmenting industry. Mr. Ramesh Genomal is a postgraduate in Business Administration from the Hofstra University, New York. Mr.Ramesh Genomal has been elected as the Director of the Philippine- Indian Chamber of Commerce. In the year 2001 which was the 125th anniversary of Jockey International Inc., he received an award for his dedicated work and association with Jockey International Inc. He is responsible for the production process innovations in our company.
 
Mr. V Sivadas, Alternate Director to Mr. Ramesh Genomal, is a Practising Chartered Accountant and Partner of the firm P V Menon & Associates. Mr. Sivadas started his career as Accounts Officer in Triveni Engineering Industries Limited in 1976 and worked in several other firms before joining as a partner in P V Menon & Associates in 1990.
 
Mr. Nari Genomal, Non-Executive Director , has over 40 years experience in various facets of the textile industry. Mr. Nari Genomal is a post graduate in Commerce from the Letran College, Manila, Philippines. In the year 2001 which was the 125th anniversary of Jockey International Inc, he received an award for his dedicated work and association with Jockey International Inc. He has been the chief mentor and key builder of our company's culture and values.
 
Mr. P V Menon, Alternate Director to Mr. Nari Genomal, is a Practicing Chartered Accountant and Partner of the firm P V Menon & Associates. Mr. Menon started his career as Audit Officer in Apollo Tyres Limited in 1975 and worked in several other firms before starting his own practice in 1987.
 
Mr. Timothy Ralph Wheeler, is a Non-Executive Director on the board of our Company nominated by Jockey International Inc. He is a Certified Public Accountant in the USA. He has 3 decades of business experience and experience in textiles and apparels. He is a postgraduate majoring in accountancy and political science. He is presently one of the Directors of Jockey International, Inc. He has been associated with Price Waterhouse & Co. as a senior auditor, Lacoste, Dawson International PLC and VF Corporation. 
 
Mr. B C Prabhakar, is an Independent Director to the Board of our Company. He is a practising lawyer since 1970 and holds a B.A and B.L degree from the Mysore University. He has represented before the National and International Forums including International Labour organisation both In India and Abroad. He is legal advisor for over 100 blue chip companies which include top MNCs covering almost all industry segments. He is also a Director of Wipro Limited, 3M India Limited and Automotive Axels Limited.
 
Mr. G. P. Albal, is an independent director on the Board of our Company. Mr. Albal is a graduate in textile technology from Bangalore University, 1975 and has completed project management from Tata Management Training Centre, Pune. He has over 3 decades of experience in the textile field. He has been associated with Mafatlal, Arvind Mills and Orkay Mills, Voltas. He is also a member of the Association of Export Oriented Mills, Kolhapur and Indo-Italian Chamber of Commerce, Mumbai.
 
Mrs. Rukmani Menon, is an independent director on the Board of our Company. Mrs. Rukmani Menon is a graduate in BA LLB. She has been a practicing lawyer for more than 30 years and expertise in indirect taxation.
 
Mr. Sandeep Kumar Maini is the Chairman of the Maini Group of Companies since 2007. The Group consists of companies that have Domestic and International Operations in the fields of Automotive & Aerospace, Plastics & Composites, Material Handling Equipments, Storage Systems, Electric Vehicles and All Terrain Vehicles.
 
The Maini Group is also the founder promoter of REVA, the largest selling Electric Car in the world. He was the Chairman of Reva from 2007- 2010 and now serves as a Director on the Board of Mahindra Reva Electric Vehicles.
 
Major initiatives in his career included the setting up of design and development centres in all the companies as early as 1995, introduction of the concept of Total Solutions and Complete Customer Care in Material Handling, the first company to launch and produce Dock Levellers in India. In addition the Maini Group has several Joint Ventures and Strategic Alliances with Global Leaders in various sectors.
 
Mr. Vikram Gamanlal Shah was the President and Director of NetApp operations in India, based at Bangalore, Vikram’s key focus is on organizational expansion. He has been instrumental in delivering business value to global functions in NetApp including software engineering, product management, IT, global support, strategic marketing, web and media services, global procurement, global network operations centre and collaborative sourcing.
 
Vikram’s illustrious management career exceeds three decades across several countries. He has held senior management positions with NetApp, Novell, Tata Consultancy Services, Tata InfoTech Ltd, Tech Mahindra and Tata-IBM.
 
A past Chairman of the Indo-American Chamber of Commerce and an active member of the American Chamber of Commerce, Vikram is a well respected member of the Indian IT world. He has been an active member of the Karnataka Chief Minister's Task Force on Information Technology and a member of Board for IT Education Standards (BITES). Vikram is the honorary board member of start-up companies, mentoring entrepreneurs.
 
Vikram has an Electric and Electronics engineering degree from Birla Institute of Technology and Science (BITS), Pilani. In 1975, he acquired an M.S. in Computer Science from the University of California, Berkeley, USA.
 
The Company has constituted the following committees of the Board of Directors for compliance with Companies Act and listing agreement requirements: 
 
(a) Audit Committee
(b) Stake holders Relationship Committee
(c) Nomination and Remuneration Committee and
(d) Corporate Social Responsibility Committee 
 
Audit Committee
 
The Audit Committee was constituted in compliance with the Companies Act and the Listing Agreement with the Stock Exchange. The members of the Audit Committee possess sound knowledge of finance, accounts legal and the Garment industry.
The composition of the Audit Committee:

Name

Position

Category

Mr. Pradeep Jaipuria

Chairman

Independent Director

Mr. G P Albal

Member

Independent Director

Mr. Nari Genomal

Member

Non-Executive Director

Mr. B C Prabhakar

Member

Independent Director

 
Stake holders Relationship Committee
The Committee was constituted under the chairmanship of non-executive independent director formed to specifically look into the redressal of shareholder and investor complaints.

Name

 

Position

Category

Mr. G P Albal

 

Chairman

Independent Director

Mr.Ramesh Genomal

 

Member

Non-Executive Director

Mr. Nari Genomal

 

Member

Independent Director

 
Nomination and Remuneration Committee
 
The Nomination and Remuneration Committee was constituted pursuant to Section 178 of the Companies Act, 2013 and clause 49 of the Listing Agreement, the Nomination and Remuneration Committee of the Board consisting of the following Directors as Members:

Name

Position

Category

Mr. G P Albal

Chairman

Independent Director

Mr. Ramesh Genomal

Member

Non-Executive Director

Mr. B C Prabhakar

Member

Independent Director

 
The Committee shall formulate the criteria for determining qualifications, positive attributes and independence of a director and recommend to the Board a policy, relating to the remuneration for the Directors, KMPs and Senior Management
 

Corporate Social Responsibility Committee

The Corporate Social Responsibility Committee was constituted pursuant to section 135 of the Companies Act 2013, the Corporate Social Responsibility Committee of the Board consisting of the following Directors as Members:

Name

Position

Mr. Sunder Genomal

Chairman

Mr. Pius Thomas

Member

Mr. G P Albal

Mr. B C Prabhakar

Mr. Sandeep Maini    

Member

Member

Member 
 
The Committee shall formulate and recommend to the Board, a CSR policy and recommend the amount of expenditure to be incurred on the CSR activities.

Finance Committee

The Finance Committee was constituted pursuant to section 179(3) of the Companies Act 2013, the Finance Committee of the Board consisting of the following Directors as Members:

Name Position
Mr. Sunder Genomal Chairman
Mr. Pius Thomas Member
Mr. Nari Genomal Member

The Committee is authorized to borrow money / avail term loan(s), invest the funds of the Company in Inter-corporate Deposits, give any loan/ guarantee to any person or other body corporate, to open, operate and close Bank accounts including dividend warrant account(s).

Company Secretary & Compliance Officer

Mr. Murugesh C

Page Industries Limited
Corporate & Registered Office: Cessna Business Park,
Tower-1, 7th Floor,Umiya Business Bay, Varthur Hobli,
Outer Ring Road, Bangalore - 560103
Ph: 080- 4945 4545
Email ID: investors@jockeyindia.com