| Mr Narayanan Vaghul is the Chairman of ICICI Bank Limited. He joined ICICI in 1985 as Chairman and CEO, and relinquished his position as CEO in 1996 but continues to remain Chairman since then. During his 11-year tenure as CEO, ICICI was transformed from a small long-term credit bank to a diversified financial conglomerate. He was instrumental in starting an investment bank, a commercial bank, a venture capital company and an asset management company, as part of the ICICI group. He was also responsible for the promotion of India 's first credit rating company (CRISIL). In recognition of his pioneering efforts, Mr Vaghul was selected as the "Business Man of the Year" in 1992 by Business India and has been conferred the “Lifetime Achievement Award” by Economic Times in 2006.
Mr Vaghul currently sits on the boards of Arcelor Mittal, WIPRO Limited, Mahindra & Mahindra Limited, Nicholas Piramal, Apollo Hospitals and Air India. He is the Chairman of Asset Reconstruction Company of India Limited, Mahindra World City and ICICI Knowledge Park. He is involved in several NGOs such as Pratham India, IFMR and LNM IIT all in the field of education. He was also a visiting professor of Stern Business School, New York University for four years from 1997 - 2000.
Mr Vaghul joined State Bank of India in 1957 as a career banker and held several positions in the bank before joining the Board of the Central Bank of India in 1978. He became Chairman of Bank of India in 1981 and was the youngest Chairman in a state-owned bank.
Mr Vaghul graduated from the Madras University in 1956.
|
