Board of Directors

Mr. Vetri Subramaniam is the Managing Director and Chief Executive Officer of UTI Asset Management Company Limited. He joined UTI AMC as Head of Equity in January 2017 and assumed the role of Chief Investment Officer from August 2021.

He is Chair of the UTI Management Committee, which also includes subsidiary businesses, since April 2024. Prior to joining UTI, he was Chief Investment Officer at Invesco Asset Management Limited. He was part of the start-up team at Invesco (then Religare Asset Management) in 2008 and helped establish the firm’s proprietary investment process and the team. He started his career at Kotak Mahindra in 1992 after passing out from IIM Bangalore with a PG Diploma in Management. His experience in equity markets and investment roles at various firms from 1994 includes Kotak Mahindra, SSKI and Motilal Oswal. He was also one of the founders of Sharekhan.com (now Mirae Asset Sharekhan) where he led the research and content team. He has also worked as an advisor to a UK Hedge fund on its equity investments in India during 2003-2007.

Mr. Vetri Subramaniam has more than three decades of experience in equity markets, investment strategy, mentorship and financial literacy advocacy. He is a frequent contributor to the media and regularly speaks on investing and markets at various forums - including the media and educational institutions.

He has been appointed as the Chairman of the Board of UTI Pension Fund w.e.f. 01st February, 2026.

Mrs. Sangeeta Sharma, banker with a distinguished experience in the financial sector for over 35 years. She has versatile experience heading various departments at Export Import Bank of India viz. Internal Audit Group, Stressed Assets Group, Corporate Debt Restructuring Group, Textile Cell, Human Resources Group, Head of the Western Regional Office of the Bank. Besides this, she has extensive experience having worked in various areas such as project exports, treasury and accounts, corporate banking including project finance and overseas investment finance. She has received the Woman Leader of 2019 Award in the banking sector, she is a visiting faculty at management schools, NIBM and director on Boards of companies. She is also a qualified assessor for CII-EXIM Bank Award for Business Excellence, which is instituted with the aim of enhancing the competitiveness of companies.

Her areas of interest include international project finance, human resource management, resolution and reconstruction of special situations accounts.

She is on the Board of UTI Pension Fund Limited since October, 2020.

Dipali H Sheth is Non-Executive Director of the Company. She serves as an Independent Director on the Boards of six other companies, where she Chairs/is a member of the NRC, CSR committees. She is a member of many committees including Audit, Risk, Digital, ESG, and Stakeholders Relationship Committees. She has over 30 years of experience in the Corporate Sector. She was associated with RBS in India as the Country Head of Human Resources, Standard Chartered Bank as Head HR South Asia, Procter & Gamble Distribution Company Limited in Sales and Marketing and started her career as a Management Trainee with DCM Limited. She holds a B.A. (Honours) degree in Economics from University of Delhi, passed out from the DCM Management Centre, and is an accredited Coach from ICF and Gallup, USA.

Mr. Syed Mohammad Farooque Shahab is a career banker, with 4 decades of experience across different business verticals in domestic and international banking landscape, besides board level experience. During his tenure with SBI, he has successfully served as Regional Head & CEO for SBI Middle East, West Asia & North Africa. He has also helmed SBI’s Karnataka operation as Chief General Manager when he steered a 4-way smooth merger of around 1200 branches of State Bank of Mysore, State Bank of Hyderabad and State Bank of Travancore with SBI’s Karnataka operation. Having worked as Chief General Manager of SBI’s Internal Audit Department, he has developed special interest in Risk, Compliance and Audit functions of financial institutions.

He is on the Board of UTI Pension Fund Limited since October, 2023.

Mr. Choudhary joined SBI as a Probationary Officer in 1987 and has amassed extensive experience in overseeing business operations and leading large territories. He successfully headed the Human Resources and Finance verticals of the Bank as DMD, ultimately serving as Managing Director.Under his leadership, he spearheaded impactful initiatives in areas such as retail banking, MSME, agriculture, financial inclusion, human resources, finance, and sustainability.

Mr. Choudhary has played a pivotal role in regulatory compliance, risk management, capital planning, investor relations, digital transformation, customer experience enhancement, and stressed asset management strategies for the Bank.

He has served as a Director on various Boards, contributing to strategic planning, financial oversight, stakeholder engagement, and enhancing operational efficiency. Additionally, he is a member of several associations/ board, including QCFI, RMAI, Advisory Board on Banking and Financial Frauds, and he is a Honorary Fellow of IIBF. Mr. Choudhary serves as an Independent External person/professional on the Regulatory Oversight Committee of MCXCCL and has been associated with UTI Pension Fund since July 2025.

Mr. Umesh Kumar Gupta has a strong 24+ years of experience across Life Insurance and Pension domains. He carries more than 22 years of work experience in Life insurance industry all through with HDFC Life where he worked across various roles spanning Agency Sales, Customer Relations and Distribution Strategy. He worked across geographies in North, East, Central and Western regions of the country.

In his last assignment before joining UTI Pension Fund, he was the Chief Business Officer at HDFC Pension Fund for more than 1.5 years where he led Retail NPS channel, Marketing, Product team for Corporate, Retail and Government channel support, POP Operations, Digital strategy and Technology transformations for the company.

He is serving as CEO and Whole time Director of UTI Pension Fund Limited w.e.f. 01st July 2025.