Preeti Malhotra

Last updated
Preeti Malhotra
Preeti Malhotra - Partner & ED Smart Group.jpg
Occupation(s)Chairman, Smart Bharat Group
Known forFirst Ever woman President of the Institute of Company Secretaries of India (2007) and first ever woman to lead any premier national body in India www.icsi.edu

Preeti Malhotra has been the Chairman of the Smart Bharat Group, a diversified conglomerate, with interests in reality, hospitality, entertainment, preventive healthcare, finance and also venturing into new age projects. This is a part of Smart Group which has its footprint across India, China, ASEAN, Middle-East, USA, UK and Africa. Preeti also serves as a director on the board of several group of companies.

Contents

An Accomplished global professional, Preeti has over 30 years of experience in top leadership positions. She specialises in Business Strategy, Corporate Affairs, Corporate Governance, Policy Development, strategic alliances, JV's and new projects, collaborations, investor relations, mergers, Acquisitions, takeovers, IPOs, shareholding divestments, fund raising and project management.

She is the first ever woman President of the Institute of the company secretaries of India (ICSI) and also the first ever woman to lead any premier national professional body of India. She has been active in the field of corporate governance and has been a member of various expert committees including JJ Irani Committee in 2005 constituted by the Ministry of Corporate Affairs, Government of India, to advise the government on the Company Law. She was a member of the Board of Governors of the Indian Institute of Corporate Affairs, a body of the Ministry of Corporate Affairs, Government of India. Further, she was also a member of the Committee to review Offences & Penalties and member of the Appellate Authority constituted by the Ministry of Corporate Affairs, Government of India.

She has been chairing the ASSOCHAM National Council on Corporate Affairs, Corporate Governance and CSR for several years. Previously, she was also the Chair of the ASSOCHAM Audit Committee. Preeti is a member of the Company Law Standing Committee, constituted by the Ministry of Corporate Affairs Government of India since 2019.

Early life and education

After completing her schooling at the Convent of Jesus of Mary, New Delhi, Preeti graduated with honours (Bachelor’s in Commerce) from Delhi University in 1985. She obtained her law degree from Faculty of Law, Delhi University in 1988 and a degree in Company Secretary from ICSI in 1991. [1] More recently in 2019, she also completed the Executive Program on Exponential Technologies offered by Singularity University in Silicon Valley (California), USA.

Career

Preeti Malhotra started her professional career in 1990 as a company secretary with Modi Xerox/Xerox Modicorp Limited - this company was a joint venture between Xerox Corporation and Dr. BK Modi led Smart Group. Preeti was also the Company Secretary of Modi Telstra Limited - a joint venture between the Dr. BK Modi group and Australia's Telstra corporation which orchestrated India's first mobile call. At the group level, she oversaw the legal, corporate affairs and corporate governance for Modi International Paper and Spice Communications - a telecom joint venture between the Dr. Modi group and the Malaysia's Axiata (formerly Telekom Malaysia) etc. In 2002, she was also appointed as the Director & company secretary of Spice Limited, Executive Director in Spice Mobility Ltd. (now DigiSpice) and then Executive Director with Smart Ventures P.Ltd. She was also on the board of Si2i Limited (now Digilife Technologies Limited), a Singapore listed entity.

Preeti became the Executive Director of Smart Global Corporate Holdings Limited which is a corporate arm and holding company of the Dr. Modi led Smart Group. She continued to serve on the board of Smart Bharat Private Limited, Fountain Life New York LLC (a joint venture between Fountain Life Holdings LLC, USA & Beyond 100 New York Inc,) and Modi Fountain Life ( an Indian JV between Fountain Life Holding LLC, USA and Smart Health City Pte. Limited).

She has been a member of the Company Law Standing Committee instituted by the Ministry of Corporate Affairs and also chairs the ASSOCHAM National Council on Corporate Affairs, Corporate Governance and CSR.

Preeti has been an active contributor to various policy initiatives of the Govt. Of India. When she was a member of the JJ Irani Committee in 2005, constituted by the Ministry of Corporate Affairs, Government of India, her suggestions on issues related to incorporation and registration of companies, as well as management and board governance, were taken on board. [2] She also gave inputs to the government in the drafting of the Limited Liability Partnership Law. She was invited by OECD to speak at the Asian round Table Discussions on Corporate Governance in 2005 and 2006.

She was elected as a member of the NIRC and became the First Woman Chairman of the NIRC in 2002. [3] Preeti then went on to be elected as a Central Council Member of the ICSI for two terms and in 2007 she became the first-ever woman president of the Institute of Company Secretaries of India (ICSI). Since then, Preeti has served as a member on several standing committees and boards constituted by the Ministry of Corporate Affairs, Government of India. These include, the Board of Governors of the Indian Institute of Corporate Affairs, The Appellate Authority and the Company Law Standing Committee, Committee to review Offences & Penalties etc.

Honorary positions held

Awards and recognition

Corporate social responsibility

Preeti has been strongly committed to the cause of establishing and building Corporate Social Responsibility amongst the Indian corporates. As Chairperson of the ASSOCHAM National Council for Corporate Affairs, Corporate Governance and CSR she has instituted the

She is strong advocate of inclusive growth & gender parity and is a Founder-Member of the Global Citizen Forum [4] which a not for profit organization working towards creating One interconnected world. Going beyond nationality, gender, religion and boundaries. In addition, she has been a Founder-Director of the Foreign Investors India Forum, a industry body dedicated to promoting FDI in India.

Related Research Articles

<span class="mw-page-title-main">Chartered Governance Institute</span> Professional organization

The Chartered Governance Institute is a qualifying and membership body for company secretaries and governance professionals that operates in some common law jurisdictions.

<span class="mw-page-title-main">Zia Mody</span> Indian lawyer

Zia Mody is an eminent Indian corporate lawyer and businesswoman. She is the oldest daughter of Soli Sorabjee, a former Attorney General of India and has three brothers, Jehangir, Jamshed and Hormazd.

<span class="mw-page-title-main">Confederation of Indian Industry</span> Industry association in India

The Confederation of Indian Industry (CII) is a non-governmental trade association and advocacy group headquartered in New Delhi, India, founded in 1895.

A Company secretary is a senior position in the corporate governance of organizations, playing a crucial role in ensuring adherence to statutory and regulatory requirements. This position is integral to the efficient functioning of corporations, particularly in common law jurisdictions. The Company Secretary serves as a guardian of compliance, a facilitator of communication between the board of directors and other stakeholders, and a custodian of corporate records.

Mahindra Group is an Indian multinational conglomerate, headquartered in Mumbai. The group has operations in over 100 countries, with a presence in aerospace, agribusiness, aftermarket automotive components, construction equipment, defence, energy, farm equipment, finance and insurance, industrial equipment, information technology, leisure and hospitality, logistics, real estate, retail and education. The group's flagship company Mahindra & Mahindra has market leadership in utility vehicles as well as tractors in India.

Bharat Electronics Limited (BEL) is an Indian Government-owned aerospace and defence electronics company. It primarily manufactures advanced electronic products for ground and aerospace applications. BEL is one of sixteen PSUs under the Ministry of Defence of India. It has been granted Navratna status by the Government of India.

<span class="mw-page-title-main">Ministry of Corporate Affairs</span> Indian government ministry

The Ministry of Corporate Affairs is an Indian government ministry primarily concerned with administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008, and the Insolvency and Bankruptcy Code, 2016.

<span class="mw-page-title-main">Chandrajit Banerjee</span>

Chandrajit Banerjee is the Director General of the Confederation of Indian Industry (CII) and member of a number of government advisory bodies at national and international levels. As DG of CII, he is responsible for leading and contributing to many policy level dialogues and discussions to enhance the competitiveness of India Inc and towards the development of India.

The Ministry of Housing and Urban Affairs (MoHUA) is a ministry of the Government of India with executive authority over the formulation and administration of the rules and regulations and laws relating to the housing and urban development in India. The ministry was under the charge of Venkaiah Naidu and was given to Hardeep Singh Puri when Naidu was elected Vice President of India. The Ministry became independent from the Ministry of Housing and Urban Poverty Alleviation in 2004, but was later re-merged with it in 2017.

Renana Jhabvala is an Indian social worker based in Ahmedabad, India, who has been active for decades in organising women into organisations and trade unions in India, and has been extensively involved in policy issues relating to poor women and the informal economy. She is best known for her long association with the Self-Employed Women's Association (SEWA), India, and for her writings on issues of women in the informal economy.

Manju Bharat Ram was an Indian educationist, who was the founder, chairperson of the managing committee and member of the board of trustees of The Shri Ram Schools, New Delhi; ranked as India's No. 1 day school by Education World’s Schools survey in 2008, 2009 and 2011.

<span class="mw-page-title-main">National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business</span>

India's National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs) were released by the Ministry of Corporate Affairs (MCA) in July 2011 by Mr. Murli Deora, the former Honourable Minister for Corporate Affairs. The national framework on Business Responsibility is essentially a set of nine principles that offer businesses an Indian understanding and approach to inculcating responsible business conduct.

<span class="mw-page-title-main">Companies Act 2013</span> Indian company law legislation

The Companies Act 2013 is an Act of the Parliament of India which forms the primary source of Indian company law. It received presidential assent on 29 August 2013, and largely superseded the Companies Act 1956.

<span class="mw-page-title-main">Reliance Foundation</span> Private non-profit organization by Reliance Industries Ltd

Reliance Foundation is an Indian non-profit organisation which was founded in 2010 by Mukesh Ambani. It is wholly owned by Reliance Industries Limited and is one of the largest non-profit foundations in the country.

<span class="mw-page-title-main">Indian Institute of Corporate Affairs</span> Civil Service Institute in India

The Indian Institute of Corporate Affairs (IICA) is a central civil service training institute under the jurisdiction of Ministry of Corporate Affairs, Government of India for the central civil servants of the Indian Corporate Law Service cadre.

S. V. S. Raghavan is an Indian industrialist and the former head of Bharat Business International Limited (BBIL). He headed the Bharat Heavy Electricals Limited in the 1980s after which served Ashok Leyland and Texmaco before taking up the chairmanship of Minerals and Metals Trading Corporation (MMTC). In March 1990, he was appointed as the chairman of BBIL, an apex organization which had MMTC and State Trading Corporation of India (STC) as its subsidiaries. Recipient of National Citizen Award by the President of India-1989, Retired in the rank of Secretary in Ministry of Commerce, Govt.of India, Chairman of the Committee on Competition Law & Policy, Retired Member of the Indian Defence Accounts Services.

National Skill Development Corporation (NSDC) is a not-for-profit public limited company incorporated on July 31, 2008, under section 25 of the Companies Act, 1956 (corresponding to section 8 of the Companies Act, 2013). NSDC was set up by Ministry of Finance as Public Private Partnership (PPP) model. The Government of India through Ministry of Skill Development & Entrepreneurship (MSDE) holds 49% of the share capital of NSDC, while the private sector has the balance 51% of the share capital.

<span class="mw-page-title-main">Parvez Ahmad</span> Indian politician

Parvez Ahmad Nengroo is a Kashmiri politician who was born in 1964 at Kaprin, a village in South Kashmir's Shopian district. Parvez Ahmad was chairman and CEO of Jammu and Kashmir Bank. He was removed by the state government on the charges of "mis-governance". He is the second chairman and CEO of J&K Bank, after Haseeb A Drabu, to be suddenly removed by the J&K state government. On 23 September 2021, Nengroo joined the Jammu and Kashmir People's Conference

<span class="mw-page-title-main">Institute of Company Secretaries of India</span> National professional body

The Institute of Company Secretaries of India (ICSI) is a national professional body in India under the ownership of Ministry of Corporate Affairs, Government of India with the objective of promoting, regulating and developing the profession of company secretaries in India. It is headquartered in New Delhi, has four regional offices at New Delhi, Chennai, Kolkata and Mumbai, and has 70 chapters around the country.

Advanced Weapons and Equipment India Limited (AWE) is an Indian defence Public Sector Undertaking, headquartered in Kanpur, India. AWE primarily manufactures Small arms and artillery guns for the use of the Indian Armed Forces, foreign militaries and domestic civilian use.

References

  1. 1 2 "Stocks".[ dead link ]
  2. Prasad (June 2006). Corporate Governance. Prentice-Hall Of India Pvt. Limited. ISBN   9788120329782.
  3. "Bright prospects for practising company secretaries". 7 February 2007.
  4. 1 2 "Founder". Global Citizen Forum.
  5. "Welcome to IICA".
  6. "Indian Institute Of Corporate Affairs". www.mca.gov.in.
  7. "Bharat Nirman".
  8. 1 2 "S Mobility Ltd (SPCL.BO)". Archived from the original on 30 June 2013 via archive.ph.