Naushad Forbes, born on 13 May 1960, is a Non-Executive and Independent Director of our Company. He is the Co-chairman of Forbes Marshall, India's leading process and energy efficiency company. He was an occasional lecturer and consulting professor at Stanford University from 1987 to 2004, where he developed courses on technology in newly industrialising countries. He received his Bachelor, Masters and PhD degrees from Stanford University.

He is on the board of several educational institutions and public companies and Chairman of the Centre for Technology, Innovation and Economic Research, Pune. He has long been an active member of CII and has, at various times, chaired the National Committees on Higher Education, Innovation, Technology and International Business. He was President of CII for 2016–17. He is a founding member of Nayanta University, a full service university opening in 2024, spearheaded by CII.

His book, The Struggle and the Promise: Restoring India’s Potential, was published by HarperCollins in 2022.

His directorships and other full-time positions in bodies corporates are as follows:

1. Bajaj Finserv Limited
2. Bajaj Holdings & Investment Limited
3. Bajaj Auto Limited
4. Zodiac Clothing Company Limited
5. Forbes Marshall Private Limited
6. Krohne Marshall Pvt Limited
7. Forbes Marshall Arca Private Limited
8. J N Marshall Private Limited
9. Forbesvyncke Private Limited
10. Forbes Marshall (Hyd) Private Limited
11. Forbes Marshall Holding PTE Ltd.
12. Codel International Inc. UK
13. Forbes Marshall Husni
14. Forbes Marshall Inc.
15. Forbes Marshall Private Ltd, Bangladesh
16. Forbes Marshall International PTE Ltd, Singapore
17. Ralson Tyres Limited
18. Forbes Marshall (Thailand) Company Limited
19. Centre for Technology Innovation and Economic Research
20. CTIER Impact Forum
21. CSEP Research Foundation
22. Nayanta Education Foundation
23. Singapore India Partnership Foundation (India)