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The BAPL Board

Arvind Pande


Mr. Pande joined the Indian Administrative Services in 1965 and was Advisor to The Executive Director for India, Bangladesh and Sri Lanka at the World Bank, Washington DC from 1971 to 1974. He held the office of Joint Secretary to the Prime Minister of India from 1981 to 1986. He moved to the Corporate Public Sector in 1986, joining the board of Steel Authority of India Limited (SAIL) and went on to become the Chairman and Chief Executive Officer in January 1997.

Mr Pande has been a Director on BAPL's board since 2007 and the Chairman of the company since 2008.

Lim Liang Song


Mr Lim is the Chief Executive Officer of Changi Airports International (CAI). He is also the Chairman of Changi Airport Planners and Engineers (CAPE), a wholly-owned subsidiary of CAI, which provides consultancy and professional engineering services to airports worldwide.

Mr Lim is also a director on the Boards of Rio de Janeiro Aeroporto (RJA), Concessionaria Aeroporto Rio de Janeiro (CARJ), Basel Aero and Transport AMD-2. RJA is a holding company formed by CAI and Odebrecht TransPort that holds CARJ, the entity that operates and manages Tom Jobim International Airport in Rio De Janeiro, Brazil. Transport AMD-2, an investee company of CAI, owns Basel Aero and a cluster of four airports at Krasnodar, Sochi, Gelendzhik, and Anapa in southern Russia (Airports of the South). Basel Aero is the operating company for the Airports of the South.

Mr Lim also had extensive experience in Indigo Partners, a US-headquartered venture capital firm which focused on the air transportation industry. His portfolio saw him identifying, reviewing and evaluating investment opportunities as well as designing, structuring, managing and supervising the transactions.

Prior to this, Mr Lim held various management appointments in Singapore Airlines (SIA) in corporate planning, passenger and cargo marketing, pricing, distribution and overseas in North Asia, Southern India, Scandinavia and the Baltic States.

Ram Ratan Modi


Mr. Modi is the Chairman and Promoter of Citystar Infrastructure Ltd, the flagship company of the Kolkata-based Citystar Group. The Group, through its various companies, is engaged in the development of myriad projects across residential and commercial realty asset classes in and around Kolkata.

Mr. Modi is a leading entrepreneur with over 31 years' experience in finance, investments and real estate. His maiden project, City High, is one of the finest examples of residential design and development and has played a significant role in establishing Citystar's preeminent credentials in Kolkata's real estate market.

Mr Modi's clarity of vision and his nuanced reading of future business and economic trends have enabled the group to make giant strides.

Low Beng Lan


Ms. Low joined Changi Airports International (CAI) in February 2013 and is now the Chief Financial Officer, supervising areas including corporate finance, finance reporting and controls and tax planning and compliance. As a member of CAI's senior management team, Ms. Low plays an essential role in the development, evaluation and execution of M&A opportunities and the management of CAI's investments.

Ms. Low brings with her a wealth of experience in accounting, finance and banking. Before joining CAI, she worked in London for more than 4 years with Millennium & Copthorne Hotels Plc, an LSE-listed global hotel chain. As the Senior Vice President, Finance, she supervised the full spectrum of finance and was involved in M&A. Before that, as the Director of Finance in Datacraft Asia Ltd, a then-SGX-listed regional IT services company, her responsibilities included regional M&A, treasury, tax, commercial contracts, and SGX compliance requirements. She spent many years as an investment banker and fund manager with DBS Bank after an initial audit career.

Ms. Low is an accountancy graduate from the National University of Singapore. She also holds a law degree from the University of London. She is a Singapore-certified Public Accountant and a US Chartered Financial Analyst.

Arun Banerjee


Mr. Banerjee has an academic background in engineering, finance and economics.

He worked with the World Bank from 1975 to 2005 on infrastructure, energy and environment sector projects in more than 30 countries in Asia, Africa, Europe, Middle East and Latin America. He also served in two World Bank field offices in Kenya and Bangladesh.

The main focus of Mr. Banerjee’s work has been to financially and institutionally develop the organizations he has worked with and enhance private sector's role in energy and infrastructure in developing countries. In recent years, he has used his operational experience to provide guidance in various aspects of business development and implementation in the US and India.

Krishnava Dutt


Mr. Dutt’s experience encompasses the entire repertoire of corporate practice including M&A, private equity, banking and finance, projects and project finance.

Highly regarded for his pragmatic approach and keen commercial sense, RSG Consulting (London) has identified Mr. Dutt amongst the leading second generation of Indian corporate lawyers, describing him as “a sharp, distinctive individual who has made the most of the booming Indian infrastructure market”.

He has closely worked with several venture capital and private equity funds and renowned banks and financial institutions. Mr. Dutt has also worked with the Government of West Bengal in several transactions including its recent disinvestments of PSUs. He has been appointed as the legal advisor to the Public Enterprises Department of Government of Orissa for its restructuring initiative of Government of Orissa undertakings.

Chambers and Partners have identified him as one of the ‘Leaders in their Field’ for the Chambers Asia-Pacific editions.

Mr. Dutt serves as an independent director on boards of various listed companies.

Mr. Dutt began his career at the Calcutta High Court practicing civil law. He later joined ICICI Bank in Mumbai, where he gained several years of experience in handling complicated banking and finance transactions in the stressed assets space and international banking sector. He joined Amarchand Mangaldas in 2005 and became a partner in charge of the eastern operations in 2007.

He established Argus Partners in 2009, which was recognized by the International Financial Law Review and Asia Law as one of the most notable Indian law firms in the corporate and M&A space. Argus Partners also won an award at the ACQ Global Awards in 2010 and also an award for the Best Newcomer at the India Business Law Journal’s 2010 India Law Firm Awards.

Effective April 1, 2012, Argus Partners and Udwadia & Udeshi have merged to form Udwadia Udeshi and Argus Partners. Mr. Dutt has assumed responsibility as Managing Partner of the merged firm.

Partha Ghosh

Vice-Chairman and Managing Director

Mr. Ghosh is the Founder-Chairman of Pragati, which is engaged in providing infrastructural solutions to a wide spectrum of industries, and has more than twenty years of experience in the infrastructure and real estate sector.

He has implemented industrial infrastructure, residential township and core infrastructure projects nationally for such illustrious clients as Mistubishi Chemicals, Haldia Petrochemicals and the Jaypee Group. He has also executed two World Bank-assisted projects in Bengal. In 1998, he became the Co-Promoter and Managing Director of Shristi Infrastructure Development Corporation Ltd. Under his stewardship, Shristi successfully delivered many major highway, dam and trench-less pipeline projects. He was also instrumental in forming a JVC — Bengal Shristi Infrastructure Development Limited — with the Government of West Bengal.

Mr. Ghosh founded Pragati in 2003, where, as the Chairman and Principal Promoter, he has envisioned several new business initiatives, creating robust infrastructural facilities across the urban-rural landscape. In April 2007, Och-Ziff, one of the largest hedge funds in the US, made a significant contribution to equity of Pragati 47.

He has played a key role in the formation of the following JVCs:

Pragati Social Infrastructure Development Limited, a JVC with Housing and Urban Development Corporation Limited, was created to implement large integrated township and infrastructure projects in non-metro cities

Bengal Pragati Infrastructure Development Limited, a JVC with West Bengal Industrial Development Corporation Limited, was formed to implement PPP-based infrastructure projects in rural and semi-urban areas in Bengal

Utsav Parekh


A renowned pioneer in the investment banking space from Eastern India, Utsav Parekh advises top business houses such as the Birlas, Goenkas and Bangurs. He was instrumental in setting up SMIFS Capital Markets Ltd, which has grown to become one of the foremost investment banking companies in Kolkata. He is now the Chairman of the Company.

He is also among the first private equity investors in the country, with investments in a host of companies across sectors as diverse as IT, Real Estate, Entertainment and Telecommunications. He is a Director, in his personal capacity, of several reputed Indian companies such as Mcleod Russel (India) Ltd and Xpro India Ltd and is also a veteran board member of The Indian Chamber of Commerce.

Not being confined to business and commerce, Mr Parekh is also the Honorary Consul to The Czech Republic. A keen sportsperson, who once represented his alma mater and his state in table tennis, he's a member of several illustrious sporting and social clubs such as Royal Calcutta Football Club, The Calcutta Cricket & Football Club, The Tollygunge Club, Cosmopolitan Club and The Saturday Club.

Mukund Gajanan Sapre


Mr. Sapre has been associated with the IL&FS Group since 1992. He is the Executive Director of IL&FS Transportation Networks Ltd since August 13, 2008. Mr. Sapre has over 28 years of industry experience.

Before joining IL&FS, he was involved with international projects in the Philippines, Indonesia, Mexico and Spain and played a vital role in implementing the High-Speed Rail Project and evaluating the Cargo Airport Project in Mexico. He was also associated with Engineers India Ltd and Gammon India Ltd.

Mr. Sapre holds a Bachelor’s degree in Civil Engineering and diplomas in Systems Management and Financial Management.

Sundeep Malik


Mr. Sundeep Malik is the General Manager, India, at Changi Airports International (CAI). He joined CAI with five years of experience in the Indian civil aviation sector.

He has been actively involved in the Indian airport market to pursue business opportunities and is the focal point of contact for all CAI's activities in India. Projects Mr. Malik has been involved in include Nagpur Technical Consultancy and BOT projects in Amritsar and Udaipur.

Mr. Malik began his career at Siemens India as a Project Engineer before he moved to Tata Consultancy Services (TCS) as a Management Consultant. At TCS, Mr. Malik had firsthand experience in ADB-funded projects on public finance and institutional strengthening of Madhya Pradesh, including core infrastructure development. Working closely with the Indian Civil Aviation Authority, Mr. Malik was involved in the implementation of polices in aviation security.

Mr. Malik holds a Bachelor's degree in Electrical Engineering from National Institute of Technology, Allahabad, and a Master's degree in Finance and Control from the University of Delhi. He went on to obtain a Master’s degree in Public Policy from National University of Singapore under the Lee Kuan Yew School of Public Policy Graduate Scholarship.

Kishor Shah


Mr. Shah is the Managing Director of SMIFS Capital Markets Ltd and looks after investment banking operations that include mergers and acquisitions, takeovers, mobilisation of resources through equity placements, underwriting, loan syndication and advisory functions. Previously, he held senior positions at Bata India Ltd, Shaw Wallace & Company Ltd, Assam Brook Ltd and CD Capital Markets Ltd. He has more than 33 years of professional experience.

Mr. Shah, an ACA and ACS, secured first class in BCom (Hons) and stood 4th in the University of Calcutta. He stood third in India and first in Eastern India in the CA Final examination and received AF Ferguson's prize for the best paper in auditing in India. He has also cleared every examination at The Institute of Cost and Management Accountants, UK and is a member of The Institute of Company Secretaries of India.

He has co-authored four books and is a frequent speaker at seminars.

Anju Madeka

President & Chief Financial Officer

Mrs. Madeka has had an illustrious career in leadership positions with reputed firms such as Dunlop India, Haldia Petrochemicals and Tata Tea before her stint with BAPL. Her primary focus area is resource mobilization and treasury management activities.

In Dunlop India, Mrs. Madeka worked closely with the senior management team to evolve, innovate and find new ways to raise funds from financial institutions and private placements during a time when the company was finding it difficult to raise funds because of then-prevalent RBI guidelines and various regulatory and legal issues. Her contribution to the process also included strict cash budgeting and monitoring.

At Haldia Petrochemicals, Mr. Madeka raised a funding amounting to more than Rs 500 crore for township and infrastructure projects. She also worked closely with the finance director to mobilize funds for HPL.

At Tata Tea, Mrs. Madeka spearheaded a demerger exercise of the plantation business, with equity participation from reputed institutions such as IFC and IL&FS.

Mrs. Madeka has had a formidable impact on the operations of BAPL. Since 2010-11, she has secured fund tie-ups worth more than Rs 1500 crore in the backdrop of the State‘s economic scenario and land policies. She has also been involved in every activity related to the project and has played a significant role in resolving obstacles for airport commissioning. Mrs. Madeka has also been the primary influence in acquiring equity infusions worth more than Rs 250 crore from Changi, IL&FS and the Government of West Bengal.

Mrs. Madeka commanders close coordination with all the Government agencies to ensure project implementation, resolve land issues, boosting infrastructure and securing funding. She works with various P/E funds for investments related to residential logistics, development and infrastructure. Mrs. Madeka is also the single-point manager of relations with all the banks and lenders.

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Interested in booking a plot at India's first airport city? Please fill in your details below, and we will callyou back: