Board of Directors

Mr. Imtaiyazur Rahman is the Chief Executive Officer and Whole-Time Director of UTI Asset Management Company Limited. He has more than 30 years of experience in management, business leadership, leading change and forming strategic alliances. He joined the UTI Group in 1998 as part of UTI Investor Technology Services Ltd. and joined UTI AMC Ltd. in 2003. He was also the CFO of UTI Asset Management Company Limited from 2005. In his role as Group President & Chief Finance Officer in UTI AMC Ltd., he headed the functions of Finance, Accounts, Taxation, Information Technology, Board related matters, Offshore funds, Alternate Investments and Portfolio Management Services.

He is a Science graduate, Fellow member of Institute of Cost Accountants of India and Institute of Company Secretaries of India, Certified Public Accountant (USA) and GAMP from Indian School of Business and Kellogg School of Management. He has been conferred a Honorary doctorate degree, D.Litt, by the ITM University, Raipur.

Mr. Rahman is on the Board of UTI International (Singapore), UTI International Ltd. Guernsey, UTI Venture Funds Management Co. Pvt. Ltd., UTI Capital Ltd. and IOT Infrastructure & Energy Services Limited. He is a member of the CII National Committee on Financial Markets as well as the Banking & Finance Committee of IMC Chamber of Commerce & Industry. He was on the Board of Association of Mutual Funds in India (AMF) and is presently a permanent invitee to the AMFI Board Meetings.

Prior to joining the Company, he was associated with Sumeet Machines Ltd, Leasing Finance India Ltd, Bells Controls Ltd, New India Rubber Works (P) Ltd. and S. Gupta & Co.

Mr. Chetan Desai is a Chartered Accountant. He retired in 2018 as Joint Managing Partner from M/s. Haribhakti & Co. LLP, a leading CA Firm in lndia. Earlier for over 30 years he was heading the audit & assurance practice of the Firm.

ln his professional experience of 45 years, he has dealt with multinationals, public sector enterprises, large corporates, sectors such as banking and finance, insurance, mutual funds, pension funds, manufacturing, services, real estate, hospitality, engineering, energy, infrastructure, pharma, health care, not for profit entities etc.,.

He has a wide knowledge and exposure in the fields of corporate governance, compliance, accounting, auditing, Corporate Laws and related areas.

He is on the Board of UTI Pension Fund Limited since October, 2019. He is also on the Board of a few other Companies.

Mr. Gupta has close to 25 years of professional and academic experience in North America, Europe, & Asia. He has been an entrepreneur in North America with experience of scaling and selling businesses (>US$1 billion) and active investor in global markets (>$250m).

Mr. Gupta is the founding director of Kentrus Investment Advisors based out of New Delhi, India. Previously, he has worked with Crystal Decisions (now SAP AG), a silver lake portfolio company, that was sold for US$1.2 billion to Business Objects during his tenure. Prior to Crystal Decisions, he worked with Sun Microsystems in Palo Alto and Ernst & Young in Chicago.

Mr. Gupta serves as independent director with UTI Pension Fund (~$20 billion pension fund manager for Indian government), NCDEX eMarkets (largest spot agricultural commodity exchange), and MarketLinc India (marketing AI technology company in Canada).

Mr. Gupta has been a visiting faculty member at various academic institutions in India & North America. By way of educational background, he has a master’s in business from the J. L. Kellogg School of Management (Northwestern University) and bachelor’s degree in computer engineering. His primary areas of interest are entrepreneurship, venture capital, and technology strategy.

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.