Nava Bharat Ventures Limited

Executive Team

The Board of Directors of the Company consist of professionals with expertise in functions like finance, operations, business development, corporate planning, strategic management, etc. With a rich background in diverse sectors like power, ferro alloys, steel, sugar and banking, the Board spearheads the Company's growth and all round performance.

The Board is assisted by a team of well experienced senior management executives.

  • Board of Directors
  • Senior Management Team
  • D. Ashok Chairman
  • P. T. Vikrama Prasad Managing Director
  • G. R. K. Prasad Executive Director
  • C. V. Durga Prasad Director - Business Development
  • Dr. C. V. Madhavi Director
  • K. Balarama Reddi Director
  • Dr. E. R. C. Shekar Director
  • Dr. M. V. G. Rao Director
  • Dr. D. Nageswara Rao Director
  • Ashwin Devineni Director
  • K. Durga Prasad, IPS (Retd.) Additional Director
  • G. P. Kundargi Additional Director
D. Ashok (Chairman)

An MBA from University of Wisconsin, USA with 35 years of top management experience in all facets of project management and manufacturing. Oversaw the growth of the Company into a diversified conglomerate with business interests in power generation, mining, ferro alloys and agri-business in India and Africa.

P.T.Vikrama Prasad (Managing Director)

An MBA from USA with 35 years of top management experience in sugar industry in policy formulation, corporate planning and overall management control with special emphasis on Financial Management. Steers the funding of Company's expansion schemes and on-going operations through optimal mix of financial instruments.

G.R.K.Prasad (Executive Director)

A Fellow Member of Institute of Chartered Accountants and Institute of Company Secretaries of India with 36 years of experience in Finance and Accounts function in various capacities and organizations. An expert in Project Financing and M & A activities.

C.V.Durga Prasad (Director - Business Development)

A Graduate in Commerce with over 44 years of industrial experience covering a wide spectrum of commercial functions comprising global marketing of ferro alloys and sourcing of vital raw materials from indigenous and international suppliers with long term tie-ups.

Dr. C.V.Madhavi (Director)

Dr. C.V. Madhavi, brings 25 years of professional experience as trainer, researcher and consultant in the field of Organization Development and Change Management. Formerly, a Senior Professor & Director at Centre for Organization Development (COD) and also, Head - Capacity Building division, at National Institute for Smart Government (NISG), Hyderabad.

Madhavi has PhD in Business Management with specialization in Change Management. Her PhD work was published as a book titled “Change and Turbulence in SAIL: A Story of Fluctuating Fortunes” (2002, Sage). She is invited speaker in academic and industry forums.

K.Balarama Reddi (Director)

An Electrical Engineer with 40 years of experience in various senior positions including Chairman of Andhra Pradesh State Electricity Board. Possesses vast Accounting and Financial Management expertise. A Senior Consultant of Administrative Staff College of India for about 10 years. Held special positions like President, Central Board of Irrigation and Power, New Delhi. Recipient of several honours and awards.

Dr. E.R.C.Shekar (Director)

A Ph.D. from Moscow Institute of Metallurgy, Russia, with over 40 years of experience in Iron and Steel Industry and over 20 years in the Chief Executive Cadre. Held top management positions including Managing Director of Bhilai Steel Plant and Vice Chairman of Steel Authority of India Limited.

Dr. M.V.G.Rao (Director)

A Chemical Engineer with 40 years of industrial experience. Held very senior positions including Chairman and Managing Director of Vera Laboratories, Managing Director of A.P Paper Mills, Executive Director (Operations) of Tamilnadu Newsprint and Papers Limited, etc. Recipient of prestigious Honorary Doctorate - HONORIS CAUSA from Rohilkhand University, Bareilly and several other awards and honours.

Dr. D.Nageswara Rao (Director)

A Post Graduate in Electronic Engineering and a Doctorate from University of Strathclyde, U.K. Promoted Duke Arnics which gained global recognition in Electricity Metering, Monitoring and Management Systems. A patron of educational and research institutions and a visiting faculty member at Engineering Staff College of India and Rural Electricity Institute.

Ashwin Devineni (Director)

A graduate in Industrial Engineering from University of Washington, USA with senior management experience in business development. Played crucial roles in corporate acquisitions across North America, Europe, Middle East, Africa and Asia. Responsible for developing and managing Nava Bharat’s international ventures in coal mining, power and agriculture as well as healthcare enabled services in Asia and Africa. Resident Director of Maamba Collieries Ltd., a subsidiary operating the largest coal mine and the first Coal Fired Power Plant of Zambia

K. Durga Prasad, IPS (Retd.) (Additional Director)

An Indian Police Service Officer of 1981 batch, served in several Government Departments including Law and Order, State Intelligence, Anti Naxal operations, Training and Administration, vigilance and State Electricity Transmission Corporation in Andhra Pradesh and in Special Protection Group and Central Reserve Police Force at the Centre. He is presently serving as Advisor, Home, Government of Andhra Pradesh for laying roads in interior Naxal affected agency areas

G. P. Kundargi (Additional Director)

A Master of Technology/Applied Science – Mineral Processing . He held key positions in various capacities in Manganese Ore India Limited (MOIL) and retired as CMD of MOIL Limited, Govt of India, after serving for more than three and half decades

  • P. J. V. Sarma Senior Executive Vice President - Strategy & Planning
  • J. Ramesh Executive Vice President - Odisha Unit
  • Y. Sreenivasa Murthy Vice President - Paloncha Works
  • Y. Pattanaik Vice President - Odisha Works
  • N. Prabhakar Vice President - Sugar Division
  • T. Hari Babu Chief Financial Officer
  • VSN Raju Company Secretary & Vice President
P. J. V. Sarma Senior Executive Vice President - Strategy & Planning

A qualified Chemical Engineer, Cost Accountant and Post graduate in Financial Management with 36 years of experience in Corporate and Project Finance, Banking, Risk Management and Corporate Strategy. Served on the Boards of many large companies.

J. Ramesh Executive Vice President - Odisha Unit

A Graduate in Commerce and a Post Graduate in Marketing Management from Golden State University, USA, with 34 years of industrial experience in marketing, raw materials, coordination with government, logistics and administration. Heads the overall management of the Company's Ferro Alloy Plant and Power Plant in the State of Odisha.

Y. Sreenivasa Murthy Vice President - Paloncha Works

A Graduate in Mechanical Engineering and a Master of Business Administration in Finance and Marketing, with 22 years of rich experience in leadership roles in diverse industries. Heads the Company’s Ferro Alloy Plant and Power Plants at Paloncha in Telangana.

Y. Pattanaik Vice President - Odisha Works

A Graduate in Mechanical Engineering and a Master of Business Administration, with 26 years of rich industrial experience in various aspects of plant operations. Heads the Company’s Ferro Alloy Plant and Power Plants at Kharagprasad in the State of Odisha.

N. Prabhakar Vice President - Sugar Division

A Graduate in Science and qualified Sugar Technologist (Associate of National Sugar Institute) with 36 years of experience in operation, expansion and modernization of sugar plants. Heads the Company's Sugar Division with operations at Samalkot and Dharmavaram in the State of Andhra Pradesh.

T. Hari Babu Chief Financial Officer

An Associate Member of Institute of Chartered Accountants of India , with more than 29 years of experience in Finance, Accounts and Taxation. Heads the Finance and Accounts function of the Company.

VSN Raju Company Secretary & Vice President

An Associate Member of The Institute of Company Secretaries of India, with over two decades of experience in compliance function and all connected areas. He is the Chief Investor Relations and Compliance Officer and heads the Secretarial and Legal functions.

Board Committees
  • Audit Committee
  • Nomination and Remuneration Committee
  • CSR Committee
  • Stakeholders Relationship Committee
  • K. Balarama Reddi Chairman
  • Dr. M. V. G. Rao Member
  • Dr. D. Nageswara Rao Member

  • K. Balarama Reddi Chairman
  • Dr. M. V. G. Rao Member
  • Dr. D. Nageswara Rao Member

  • D. Ashok Chairman
  • Dr. D. Nageswara Rao Member
  • Dr. C.V. Madhavi Member

  • K. Balarama Reddi Chairman
  • P. Trivikrama Prasad Member
  • Dr. M. V. G. Rao Member

  • Nava Bharat (Singapore) Pte. Limited
  • Ashwin Devineni Managing Director
Ashwin Devineni Managing Director

A graduate in Industrial Engineering from University of Washington, USA with senior management experience in business development. Played crucial roles in corporate acquisitions across North America, Europe, Middle East, Africa and Asia. Responsible for developing and managing Nava Bharat’s international ventures in coal mining, power and agriculture as well as healthcare enabled services in Asia and Africa. Resident Director of Maamba Collieries Ltd., a subsidiary operating the largest coal mine and the first Coal Fired Power Plant of Zambia