Mr. Ashok Kumar Goel, age 47 years, has been associated with the Company since incorporation as a Director and is the Chairman of the Board of Directors. Mr. Goel is the Vice Chairman and Managing Director of Essel Propack Ltd. He is an experienced businessman who also oversees the management of the Essel Group's existing leisure properties; viz. EsselWorld and Water Kingdom.

He has led the turnaround of an engineering tools company in the Essel Group and achieved manufacturing efficiencies. In July 2005, the renowned publication The 'Smart Manager', after in-depth research spread over three years, rated Mr. Ashok Kumar Goel as "one of the 25 truly world class managers from India".

He was the President and is the Founder Member of the Indian Association of Amusement Parks & Industries and was also the President of the Organisation of Plastic Processors of India.

Mr. Goel is on the Boards of Essel Infraprojects Ltd., Solid Containers Ltd., East India Company (Trading) Ltd., ITX Trade Exchange Ltd., Itz Online Payments Ltd. and SME Asset Reconstruction Company Ltd.

Mr. Vinod Sethi pioneered international investing in India. He joined Morgan Stanley straight out of Business School in 1989. He founded the India business for Morgan Stanley and was its Chief Investment Officer for 12 years. During his tenure, the India business grew to exceed Rs. 10,000 crore in assets under management, at its peak, making Morgan Stanley one of the largest investors in India. He was appointed as the Chief Investment Officer for all of Asia ex-Japan in 1997-98.

Mr. Sethi has met over 200 managements a year since 1989 and has been one of the early entrants in some landmark investments, such as Infosys Technology, Zee Television, Hero Honda, HDFC, among others. He has in-depth experience in secondary investing, IPO's, pre-IPO's, private equity and early stage financing.

Currently, Mr. Sethi runs his own investment firm. He is on the board of several Indian Corporates: United Phosphorus Ltd, Geodesic Ltd, GTL Ltd, Axsys Health Tech Ltd, Advanta India Ltd, among others. He is also the Chairman of KCP Sugar and Industries Corporation Ltd.

Mr. Vinod Sethi holds a Bachelor's degree in Chemical Engineering from IIT Bombay, and has done his Masters in Business Administration - Finance from New York University - Stern Graduate School of Business. Mr. Sethi has also graduated with honors (Beta Gamma Sigma) New York, USA.

Mr. Bibek Debroy, a professional economist is educated at Ramakrishna Mission School, Narendrapur, Presidency College, Calcutta, Delhi School of Economics and the Trinity College (Cambridge).

Beginning his career as an academician, Mr. Debroy taught at his alma mater, the Presidency College, and later at the Gokhale Institute of Politics and Economics (Pune), Indian Institute of Foreign Trade (Delhi), National Council of Applied Economic Research (Delhi) and Director of the Rajiv Gandhi Institute for Contemporary Studies, Rajiv Gandhi Foundation, New Delhi. Shri Debroy was Consultant to the Department of Economic Affairs, Ministry of Finance, Govt. of India. He served as the Secretary General of PHDCCI. He has also worked as Director for a project "LARGE"(Legal Adjustments and Reforms for Globalising the Economy), set up by the Finance Ministry and UNDP for examining legal reforms in the country. Between December 2006 and July 2007, he was the rapporteur for implementation in the Commission on Legal Empowerment of the Poor. Mr. Debroy has also authored several books, papers and popular articles, and continues to be the Consulting Editor of some of the most prominent financial newspapers in the country. He is now Contributing Editor with Indian Express. He is a member of the National Manufacturing Competitive Council. He is also a member of the Mont Pelerin Society.

He is currently a Professor at Centre for Policy Research and International Management Institute, New Delhi. He is also Visiting Senior Research Fellow, Institute for South Asian Studies, National University of Singapore.

Mr. M. M. Chitale, a fellow member of the Institute of the Chartered Accountants of India is a renowned professional having standing of more than 35 years and is a partner of Mukund. M. Chitale & Co., an ISO 9001-2000 certified firm. The said firm provides services in the area of auditing, tax consultancy and management consultancy to various banking, insurance and manufacturing firms.

Mr. Chitale is holding directorship in many renowned Companies viz. Larsen & Toubro Limited, Shriram Transport Finance Co Ltd., ONGC Mangalore Petrochemicals Ltd., etc. Mr. Chitale is also associated as the Chairman of Governing Council of Banking Codes and Standards Board of India. He is also the Chairman of the Ethics Committee of the Stock Exchange, Mumbai. He is a member of Advisory Board on Bank, Commercial and Financial Frauds, of the group for Amalgamation of Urban Co-operative Banks and also of Supervision of NABARD.

In the past, Mr. Chitale has also served on Boards of ONGC, IDBI Bank Ltd, LIC Housing Finance Ltd., SBI Mutual Funds Trustee Co. Pvt. Ltd., etc. Mr. Chitale has held various positions in professional bodies such as President of The Institute of Chartered Accountants of India in the year 1997-98, member of The International Auditing Practices Committee of The International Federation of Accountants from January 1998 to June 2000, etc.

In addition to the above, Mr. Chitale has served in various committees such as Member of The Committee for Collective Investment Schemes appointed by SEBI (Dr. S.A. Dave Committee), Member of Working Group on Restructuring of Weak Public Sector Banks appointed by RBI (Verma Committee), Member of Committee on Procedures and Performance Audit of Public Services appointed by RBI (Dr. Tarapore Committee).

Mr. Chitale, an avid reader was associated with M.M. Kundnani College of Commerce & Economics & Sydenham College of Commerce & Economics as part time faculty. He has presented papers on subjects such as accounting, auditing, Corporate Governance, banking, Quality Controls at various seminars and conferences held at national and international levels.

Mr. M. R. Umarji is the Chief Advisor-Legal to the Indian Banks' Association. He is associated with banking industry for past 35 years and he represents a unique combination of rich experience as legal advisor, operational banker and a central banker (Retired Executive Director, Reserve Bank of India). He is associated with the process of legislative reforms for the financial sector and was a member of many committees and working groups set up by the Ministry of Finance and the Reserve Bank of India such as Andhyarujina Committee for banking sector reforms and J.J. Irani Committee for Simplification of Company Law.

Mr. M. R. Umarji is included in the Indian Delegation to the United Nations Commission on International Trade Law (UNCITRAL) for preparation of legislative guide on Model Law for Secured Transition. He has regularly contributed articles to Economic Times and other journals and has published a book on "Secured Transactions Law in India".

Mr. Naveen Surya is a graduate in Commerce & Law and a qualified Company Secretary by profession. He also holds a Post Graduate Degree of Mumbai University in Management (MMS) with specialization in Finance. He brings with him over 14 years of corporate experience. He has gathered global exposure from his stint with several domestic and international firms, and is well versed with the contemporary managerial skills and business practices.

He has rich experience in the field of Information Technology in India and abroad through his services at Tata Consultancy Service (TCS) where he served in the capacity of a project leader and consultant. At TCS, he undertook several projects for organizations and institutions including Director General Shipping (India), ACC, GE Capital (UK) and UBS (Japan) and several other Government and Public Limited Companies.

Mr. Surya has been one of the guiding forces in the foundation of Intrex India Limited: An Essel Group enterprise launched in 2000 with the vision of "Converging Economy". With his business acumen, insight and expertise, he significantly contributed in formulating and establishing the business module of India's first ever Cashless and Cash Trade Exchange that offers Indian businesses an integrated platform for their finance, marketing and sourcing requirements. He recognized that with the rapidly changing business landscape and evolving economies, this innovative business would play a revolutionary role in the Indian financial service industry. He currently holds directorship on the Boards of Intrex India Limited and ITX Trade Exchange Limited and he is the Managing Director of Itz Cash Card Limited.

He has been instrumental in the launch of ItzCash Cards: India's first ever "Multi Purpose Prepaid Cash Card", with a conviction that ItzCash would innovate the entire paradigm of payment solutions across the web, mobile, phone and retail. He believes that a novel financial instrument as ItzCash card would offer a safe and easy payment option to every customer for seamless transaction across physical and digital domains, enabling the Company to offer a portfolio of customized e-commerce and m-commerce solutions in the B2B and B2C space. Under his valuable guidance, the Company has witnessed a rapid, quantum jump in its business of selling prepaid stored value cards within a short span of time.

He is a distinguished name in the Electronic and Retail Payment Systems in the country and is also an active member of industry forums like Internet and Mobile Association of India (IAMAI). Under his leadership, Itz Cash Card Limited has won various awards including "Innovative Use of Technology" award and Global Industry Awards in US from Paybefore Award-2007 held by Network Branded Prepaid Card Association (NBPCA), USA, for the "Best General Purpose Spending Card Program". The Paybefore Committee also awarded "the Most Innovative Prepaid Program" of the year 2008 for the "Octroi Automation Program" of Itz Cash Card Ltd. This innovative Octroi Silver Card provides convenience to truckers to pay octroi without any hassles and in minutes which has resulted in remarkable hike in octroi collection for the Municipal Corporation of Greater Mumbai. ItzCash Card has been ranked as the Second largest payment gateway on IRCTC (online railway ticket booking in India) amongst 30 odd payment gateways. ItzCash is also the largest retail electronic payment for various Utility Bill Payments online and on mobile.

Mr. Avnish Bajaj is the co-founder and Managing Director of Matrix Partners India, a $450MM Venture and Private Equity firm. Previously he was the co-founder, Chairman and CEO of India's Largest Online Marketplace - Baazee.com - which was acquired by eBay and currently serves on the Advisory Board of eBay India. Prior to Baazee, Mr. Bajaj was an Investment Banker with the Hi-Tech group at Goldman Sachs in New York and San Francisco. He was also a management consultant at McKinsey & Co. and started his career with Apple Computer in the Bay Area.

Mr. Bajaj currently serves on the Board of Matrix India portfolio companies Yo! China (Chinese fast food chain), Itz Cash Card Ltd. (pre-paid cash card business) and Quikr (online local classifieds site). He is also an investor and advisor to Cleartrip (online Indian travel agent), Pangea3 (Legal Process Outsourcing business), Pinstorm (Search Marketing company) and Indus Biotech (Biotech Products Company). He is also an active member of various industry forums with a particular focus on Entrepreneurship and also serves on Advisory Boards of the incubator cells at various IIT's and IIM's.

Mr. Bajaj is a Baker Scholar from Harvard Business School, WARF Fellow from University of Wisconsin - Madison and a Top Ranked Graduate in Computer Science from the Indian Institute of Technology, Kanpur.

Bejul Somaia leads the India investment activity for Lightspeed Venture Partners, a leading global venture capital and growth equity firm with $2B under management. He has fifteen years of operating, entrepreneurial and investment experience in both the US and India and his investment interests encompass technology and technology-enabled businesses. Prior to Lightspeed, Bejul was Joint Managing Director of Twiga Fiberglass, a building materials company in India and a partner of Saint Gobain, one of the largest building materials companies worldwide. Previously Bejul founded Open List, a U.S.-based vertical web-search company which was acquired by Marchex Inc. He was also a management consultant with Bain & Company and started his career as an investment banker with Salomon Brothers in London.

He currently serves on the boards of Four Interactive and the Great Indian Restaurant Company.

Bejul holds a BSc (First Class) in Economics from the London School of Economics and an MBA from Harvard Business School.

Naveen Surya, 34 years, is a Graduate and qualified Company Secretary. He also holds Post Graduate Management Degree in Finance. He has rich experience in Information Technology in India and abroad. Before joining Intrex India Limited he was working with Tata Consultancy Service in the capacity of project leader and consultant. With his visionary power, guidance and significant contribution towards formulating and establishing two business module which is pioneer in India viz. Cashless Trade Exchange and Multipurpose Cash Card (Itz Cash Card).

A qualified Chartered Accountant having 22 years of professional experience in the companies like Ital Thai development CEM Ltd and Hindustan Dorr Oliver Ltd.

Bachelor of Engineering and Master of Business administration with more than 18 years of experience in the companies like Jet Airways and Times of India. 

Masters Diploma in Business Administration (Marketing) having 18 years experience in the field of marketing. He has worked with organizations like Mercedes-Benz  and Fiat.  

Masters in Business Administration having 18 years of professional experience in FMCG industry. He had been associated with companies such as Colgate, Pedilite and PNG.