Piramal Enterprises Limited (PEL) has appointed Anjali Bansal, Founder and Chairperson, Avaana Group, as Independent Director to its Board with effect from November 19, 2020.
Bansal is the Founder and Chairperson of Avaana Group, which invests in and provides scaling up support to technology and innovation companies to deliver impact at scale. She has a rich knowledge of new economy companies, and has been supporting them to leverage opportunities ahead of them while overcoming the challenges in their path to success. She will bring this understanding to the PEL Board as it continues on its journey and a new phase of its growth, according to a statement.
A former Non-Executive Chairperson of Dena Bank, Anjali Bansal was earlier a Global Partner and Managing Director with TPG Growth Capital. Prior to TPG, she was Global Partner and India CEO with Spencer Stuart and co-led their Asia Boards practice. She began her career as a strategy consultant with McKinsey and Co. in New York.
Bansal also serves as an Independent Non-Executive Director on several leading boards, including Siemens, Tata Power, Voltas, and Delhivery. She has invested in and mentored various startups including Delhivery, UrbanClap, Darwinbox, Nykaa, and Lenskart. She is a member of the Young Presidents' Organization, Charter Member of TiE, and is associated with NITI Aayog’s Women Entrepreneurship Platform, Digital Solutions, and Atal Innovation Mission.
Anjali’s appointment along with the recent two appointments of Independent Directors - Kunal Bahl, CEO & Co-Founder, Snapdeal, and Suhail Nathani, Managing Partner, Economic Law Practice, comes as the PEL Board is aligned to the company’s succession planning of the Independent Directors on its Board. Piramal Enterprises Limited (PEL) has diversified business interests in Financial Services and Pharmaceuticals and its consolidated revenues stood at $1.7 Bn in FY2020.