Board of Directors

Mr. K. M. Sheth


Born in 1932, a student of the Sydenham College of Commerce, Bombay, he joined the company in 1952; became the Deputy Chairman and Managing Director in 1975 and rose to become the Chairman and Managing Director in 1992. After guiding the company in its strategic and decision making policies as the Executive Chairman for more than 20 years he ceased to be whole time Director of the Company in September 2014. He continues to be the Chairman of the Board of Directors of the Company.

Previously, he held the post of President of the Indian National Shipowners Association (INSA) and was the employers' group Chairman in the International Labour Organization (ILO) plenary session in Geneva. He continues to be Chairman of the South Asia Advisory Committee of Lloyds Register of Shipping and also Chairman of the South Asia Committee of Det Norske Veritas. He is Chairman of the Indian Committee of Nippon Kaiji Kyokai, Japan , member of ABS ( American Bureau of Shipping.) and a member of Indian Committee of ABS.

Mr. Bharat K. Sheth

Dy. Chairman and
Managing Director

Born in 1958, Mr. Bharat Sheth joined the Company in 1981, just after obtaining his Bachelor of Science (Economics) with honours from St Andrews University, Scotland. In the initial years of his career he worked very closely with his colleagues and gained expertise in chartering and Sale & Purchase activities, the most intricate part of the shipping business. He was inducted onto the Company's Board as an Executive Director on July 1, 1989 and became Managing Director of the Company on April 1, 1999. On August 12, 2005, he was appointed as the Deputy Chairman and Managing Director of the Company.

He is also the Chairman of Greatship (India) Ltd and a Director on Board of North of England P&I Association Ltd, Steamship Mutual Underwriting Association, Indian National Shipowners Association & International Tankers Owners Pollution Federation Ltd.

Mr. Ravi K. Sheth


Born in 1961, Mr. Ravi K. Sheth graduated with a Master of Business Administration from Babson College, Wellesley, U.S.A. He joined The Great Eastern Shipping Co. Ltd. in 1989.

He was appointed as a Whole Time Director on January 30, 2006. He is currently designated as a Director of the Company and Managing Director of Greatship (India) Limited.

Mr.Tapas Icot

Executive Director &
President - Shipping

Mr. Icot is a Commerce graduate with a post graduation in Management studies. He joined the company in 1991, as a Manager in the Claims department and thereafter has been instrumental in key roles including creating a Strategic Planning Cell and heading the Commercial function of the company. He is now the Executive Director and Head of Shipping Business. He started his career with United India Insurance Co. Ltd. before moving into the shipping industry. He has had stints with India Steamship and Essar Shipping before joining GE Shipping. He is an Associate of the Insurance Institute of India and a Fellow of the Indian Council of Arbitration.He has also completed his Masters in Financial Management from Mumbai University.

Mr. G Shivakumar

Executive Director and CFO

Mr. G Shivakumar is a bachelor of Commerce and a post-graduate in management from IIM Ahmedabad. He joined the Company as a management trainee immediately after completing his management in 1990, and contributed to the company through stints in key functions like Treasury, Corporate Finance, Human Resources, and Strategic Planning, besides being the Chief Financial Officer of our subsidiary Greatship (India) Limited. He is currently designated as CFO.

Mr. Berjis Desai

Inducted on the Board in 2006, Berjis is an eminent professional law practitioner. He has extensive experience both as an Arbitrator and Counsel, in International, Commercial and Domestic Arbitrations and has been associated with landmark legal pronouncements and interpretation. He is also on the Board of Greatship (India) Ltd. 

Ms. Rita Bhagwati

Ms. Rita Bhagwati has more than 35 years of work experience in India and the US in the central bank, in commercial and multilateral banking. Ms. Bhagwati is currently Advisor to the Bower Group Asia (BGA) on Economics and Finance and an independent director on the Board of Indus Towers. Prior to joining BGA, Ms. Bhagwati served as the Regional Economist at the International Finance Corporation (IFC), the private sector arm of the World Bank. She helped guide IFC operations in South Asia by identifying growth sectors, tracking macroeconomic and policy developments and screening potential investments for economic viability. Ms. Bhagwati spent two decades with the IFC, the Institute of International Finance and the World Bank with responsibilities including South Asia, private sector development, project finance, strategic policy, coordination among multilateral agencies, and designing and developing new products to collaborate with the private sector. Ms. Bhagwati began her career as an academic teaching Economics in Delhi University before joining one of India's largest commercial banks. She then went on to serve for a decade in the central bank, the Reserve Bank of India where she worked on Exchange Control, Bank Supervision and Industrial and Export Credit. She holds an MA in Economics from the prestigious Delhi School of Economics, and MA in International Economics from Tufts University in Boston, and an MBA from George Washington University, Washington DC."

Mr. Cyrus J. Guzder

Mr. Cyrus Guzder has a Master’s Degree (Honours) from Trinity College, University of Cambridge. He is Chairman and Managing Director of AFL Private Limited and headed the DHL Worldwide Express business for 25 years. He was a Founder Director of The Indian Institute Human Settlements. Mr. Guzder has also served on the boards of Air India Limited, Tata Infomedia Limited, Tata Honeywell Limited, Alfa Laval India Limited and BP (India) Ltd.

He has held the leadership position of CII’s National Council of Civil Aviation and CII’s National Committee on Logistics and also served on the Local Advisory Board of Barclays Bank, India and the Board of Governors of Reserve Bank of India’s Banking Codes and Standard Board of India. He is currently a Member of the Court of Governors of Administrative Staff College and a Trustee of the Asiatic Society of Bombay and The Marg Foundation.

Mr. Vineet Nayyar

He joined the board in 2004. A member of Indian Administrative Service, he held number of assignments with the Indian Government. During his tenure at the World Bank, he took up several projects related to energy, finance and infrastructure. He is on the board of companies like The Mahindra United World College of India & the Tech Mahindra Foundation.

In his previous assignments, he served as the Vice Chairman & Managing Director of Tech Mahindra and the Chairman of Mahindra Satyam. He also served as the Managing Director of HCL Corporation and as the Vice Chairman of HCL Technologies. He was the founder & CEO of HCL Perot Systems & the founding Chairman & Managing Director of Gas Authority of India.

Dr. Shankar Acharya

Mr. Dr. Shankar Acharya, B.A. (Hons.) from Oxford University and Ph.D. (Economics) from Harvard University has considerable experience in various fields of economics and finance. He is a Honorary Professor at the Indian Council for Research on International Economic Relations (ICRIER) and a Member of the Court of Governors at the Administrative Staff College of India (ASCI). He was Chief Economic Adviser, Ministry of Finance; Member, Securities and Exchange Board of India (SEBI) and Member, Twelfth Finance Commission. He has held several senior positions in the World Bank, including Director of World Development Report (1979) and Research Adviser.

Mr. Raju Shukla

Mr. Raju Shukla has a Post Graduate Diploma in Management from IIM Ahmedabad and a Bachelor of Engineering degree from Vivesvaraya Regional College, Nagpur. He is the Executive Chairman and Founder of Cleantech Renewable Assets Pte ltd (Cleantech Solar Group), a Pan Asian Independent Power Producer that owns and operates solar power plants across South East Asia and India for Industrial and Corporate clients. Cleantech is a joint venture company with Shell Eastern Petroleum Pte Ltd which owns 49% stake in the company. Mr Shukla also serves as the Chairman & Founder of Ariana Investment Management. He is also Non-Executive Chairman of Ocean Dial Asset Management that manages USD 500 mn of assets investing in listed Indian equities. Mr. Shukla served as Managing Director at Barclays Bank plc., Singapore for over 10 years. Prior to joining Barclays, he worked for 9 years with Deutsche Bank, SBC Warburg and DSP Merrill Lynch in senior management roles.

Mr. Ranjit Vasant Pandit

Mr. Pandit holds an MBA degree from Wharton School at University of Pennsylvania and a B.E. degree in Electronic Engineering from VJTI, University of Bombay. He served as a Managing Director at General Atlantic, LLC between 2007 and 2012, and later as an Advisory Director in 2013. Prior to joining General Atlantic, he served as a Managing Director and Chairman of McKinsey & Co. in India. He was the Co-Founder of McKinsey’s India practice. Mr Pandit currently serves as a Non-Executive Director in all Consumer Businesses of Reliance Industries Ltd including Reliance Jio Infocomm Ltd, Reliance Retail Ventures Ltd, Genesis Colours Ltd, BKC Mall Management Pvt Ltd. He is also a Non-Executive Director in CEAT Ltd. He is currently an investor and a philanthropist with a controlling interest in several manufacturing businesses.

Mr. Urjit Patel

Mr. Urjit Patel served as Governor of the Reserve Bank of India. Before that he was the Deputy Governor in charge of monetary policy. Mr. Patel has been appointed Chairman of the Governing Body of the National Institute of Public Finance and Policy.He serves on the Investment Advisory Committee of the Army Group Insurance. Prior to public service he had worked in the private sector for about fifteen years, viz.,Reliance Industries and Infrastructure Development Finance Company.

Mr. Patel started his professional career at the International Monetary Fund. He has also been a Consultant to the Ministry of Finance, Govt. of India. He was a Nonresident Senior Fellow at The Brookings Institution, Washington, D.C.Mr. Patel has served on numerous official task forces and high-level committees.