Karvy Computershare is the largest registrar and a market leader, servicing over 70 million investor accounts spread over 1300 issuers including banks, PSUs and mutual funds. With a work force of around 4000 experienced professionals drawn from various disciplines. Karvy Computershare has emerged as a market leader in Investor Servicing in the country by offering its services through its network of 203 Branches + 200 locations spread across the country. Karvy Computershare has set new benchmarks in Investor Servicing by establishing performance standards for its Service Delivery. The company has developed and enhanced its Service Delivery through structured and custom built training and development initiatives.
Karvy Computershare is the first organization, in its line of business, to achieve the distinction of receiving an ISO 9002 certification and have now migrated to ISO 9001:2008 standards, for quality management systems, certified by DNV. We have also been awarded ISO 27001:2013 certification by DNV, for our high standards with respect to information security and management system. Head quartered in Hyderabad, India, Karvy Computershare Pvt. Ltd. is a 50:50 Joint Venture between Karvy and Australia-based Computershare - the world's largest Transfer Agent. The joint venture with Computershare Limited helps us adopt international practices in client and investor servicing.
Founded in 1978 and listed on the Australian Securities Exchange since 1994, Computershare, a market leader in financial solutions, has offices in more than 20 countries, serving more than 16,000 clients through over 15,000 Professionals across the globe.
Investor services is the largest business line Computershare works with public companies, including many of the world's largest, to track and deliver their shareholder's entitlements. Services range from keeping the definitive record of legal ownership of securities to paying dividends to shareholders on our client's behalf; from administering meetings and tabulating voting (whether directly or by proxy) to advising on and executing capital raisings; and from capital Re-organisations to merger and acquisition transactions.
Our equity compensation plan administration business, supports our clients in managing their employee share plans and other equity compensation programs.
For 75 years, our Georgeson proxy solicitation business has assisted companies in communicating with and gaining shareholder response in relation to the issues being considered at shareholder meetings, corporate restructuring and merger transactions, as well as capital raisings.
Our communications services business provides tailored and individually customized outbound and inbound communications solutions across a range of business needs, with particular expertise in communications between public companies and their shareholders. We offer a range of technology solutions to support our clients, including wireless voting and audience participation devices and software solutions to support company secretaries in their governance of complex group structures.
In addition to these services relating to the public equities markets, our expertise and our high-integrity secured infrastructure enables our various offices around the world to deliver a wide range of services. These include trust, escrow and debt management services ; independent custody of tenancy deposits; childcare tax voucher schemes; bankruptcy and class action claims administration; mutual fund record-keeping and proxy solicitation; and back office services for utility companies and mortgage loan servicing.
Computershare is the largest provider globally of many of the services we offer. The unparalleled expertise of our people, our continued investment in technology (we spend over USD 150 million each year), our excellent customer service and our geographical spread mean that we have market leading offerings across the diverse range of our businesses.
We offer our clients three key qualities:
Certainty, precision and reliability in the complex tasks we undertake
Ingenuity a continued focus on finding new and better ways to meet their needs and solve their challenges
Advantage through the certainty of our services and the ingenuity of our solutions, we deliver meaningful advantages in all that we do.
Karvy Group was formed in 1983 at Hyderabad, India. India’s largest Registrar and Transfer Agent servicing over 500 + corporate and managing over 70,000,000 accounts making it the market leader. Ranked among the top five stock brokers in India, Karvy Stock Broking is known for its high standards and excellent service delivery. Karvy Stock Broking Limited is a member of the National Stock Exchange of India and the Bombay Stock Exchange,With over 6,00,000 active accounts, it ranks among the top five Depositary Participant in India, registered with NSDL and CDSL. Karvy Comtrade, a member of NCDEX and MCX ranks among the top three commodity brokers in the country. Registered with AMFI as a corporate Agent, Karvy is also among the top Mutual Fund mobilizer with over Rs. 5,000 crores under management. Karvy Realty Services, which started in 2006, has quickly established itself as a broker who adds value, in the realty sector. Karvy Global offers niche off shoring services to its US clients. Karvy has 575 offices over 375 locations across India and overseas at Dubai and New York. Over 10,000 highly qualified people work for Karvy.
While the registry business is a 50:50 Joint Venture with Computershare of Australia, we have equity participation by ICICI Ventures Limited and Barings Asia Limited, in Karvy Stock Broking Limited.
Karvy, as a market leader, has always believed in adding value to the services it offers to clients. A top-notch research team based in Mumbai and Hyderabad advise clients on their investment needs. With the information overload today, Karvy’s team of analysts, help investors make the right calls, be it equities, Mutual Funds.
On a typical working day Karvy:
Mr. Stuart Irving
Stuart Irving was appointed President & Chief Executive Officer of the Computershare Group in July 2014.
Prior to this, Stuart was Computershare’s Chief Information Officer where he had responsibility for leading all aspects of Computershare's global information technology infrastructure and line-of-business application management, including the Information Security function.
Before joining Computershare in 1998, Stuart held a number of roles at the Royal Bank of Scotland.
Mr. C. Parthasarathy
Mr. C. Parthasarathy is the Chairman and Managing Director of the diversified financial services Karvy group. C Parthasarathy (CP as he is better known in the Industry), has the uncanny knack of staying ahead of the curve and the foresight to spot opportunities that seem invisible on the horizon for the others. Karvy’s entire history is a case study of turning adversity into opportunity. CP is a Chartered Accountant by qualification, whose entrepreneurial energy drove him to co-found Karvy in 1983 with a less-than-modest capital of Rs 150,000.
Over the years CP’s vision and leadership skills have helped the group navigate through the turbulent times with a strong sense of purpose and clarity of thought.
CP is one of the pioneers of financial inclusion. Under his leadership Karvy has won numerous industry awards and accolades. He also is an independent Director in many listed companies.
Mr. M. Yugandhar
Mr. M Yugandhar, Managing Director is a founder member of the KARVY Group. He is a Fellow Member of the Institute of Chartered Accountants of India and has varied experience in the field of financial services spanning over 30 odd years.
Yugandhar has helped position and build a strong brand for the group in the registry and other financial services businesses. The registry business of Karvy is one of its flagship businesses and with the collaboration with Computershare has grown to become the largest registrar in India for over two decades. Yugandhar has played a key role in building strong relationships with public sector banks and other PSUs which has helped Karvy win some important mandates from some of India’s renowned companies.
Karvy under his guidance has helped create the equity cult and substantially built retail investor wealth. He is an Independent Director on the board of several reputed companies.
Mr. James Wong
Mr. James Wong heads up the North Asia business of Computershare, and is also the Chief Executive Officer of Computershare Hong Kong Investor Services Limited ("CHIS"), the largest provider of share registration and other related shareholder services in Hong Kong.
Prior to joining Computershare, Mr. James was HSBC's senior executive in charge of securities services business in Hong Kong and China. He is a Certified Public Accountant, and was with HSBC for 25 years working in corporate and retail banking businesses.
He is currently a member of the Hang Seng Index Advisory Committee, member of the Disciplinary Subcommittee of the Treasury Markets Association and Vice Chairman of the Hong Kong Federation of Share Registrars.
Mr. Chandramouli Balaraman
Mr. Chandramouli Balaraman represents Computershare, a global Australian financial services company, in their joint venture in India. He is a Director on the board of KCPL, as a nominee of Computershare Ltd. Chandra is also an entrepreneur. He is currently building a new venture Cherrypick technologies. His earlier ventures are Indigo TX software, eSPACE technologies and Indigo technologies.
Chief Executive Officer
V Ganesh is a Chartered and Cost Accountant by profession and has over 2.5 decades of experience in the financial services space and is part of Karvy Group’s leadership team. Before joining KARVY, he was associated with ITC’s risk management and financial audit services department. Earlier, he was associated with Proctor and Gamble and was responsible for product pricing and financial support functions for P&G’s soaps and health care businesses.
He was instrumental in setting up the Mutual Fund registry business for Karvy. At KARVY, for over 2 decades, Ganesh has been instrumental in building a strong techno-commercial base with emphasis on establishing a pan India branch network, back office processing, call center, web initiatives, online trading, B2B interfaces etc., in the transfer agency and BPO businesses.
CEO - Middle East
A Management Graduate and an Engineer, Avneesh has over 2.5 decades of experience in Financial Services Sector in India & Middle East. He brings on board significant competencies in Investment Banking, Equity Analysis and above all setting up new businesses. Before joining Karvy, Avneesh was working with Mashreq Bank PSC, in Dubai for 13 years and his last assignment was as a Director - Investment Banking & Head of Facility Agency & Investment Services. Prior to that, he worked with CitiCorp Securities & Investments Ltd., Apple Mutual Fund, Kilachand Group & Business Consulting Group.
Quah Meng Kee (MK)
Country Head - Malaysia and Philippines
Quah Meng Kee (MK) is the Country Head for Malaysia and Philippines and would be responsible to lead KCPL in these countries. MK has done his Diploma in Business Administration from Stamford College in Kuala Lumpur and has over a decade & half of experience in the financial services industry. In his last assignment, he was with AIA Pension & Asset Management Sdn Bhd, Kuala Lumpur. Prior to that, he has worked at Deutsche Bank Bhd, 3i-Infotech Sdh Bhd and Public Mutual Bhd.
Chief Finance Officer & Company Secretary
A Chartered Accountant and Company Secretary by profession, Rakesh has over 16 years of professional experience in diversified sectors such as IT, BPO, Telecom and Oil & Gas, where he handled finance and accounts as well as other allied functions. He brings on board significant competencies in business decision support, financial modeling, process control, cost optimization and financial risk assessment. Prior to joining Karvy, he worked with Nokia Siemens Networks.
Chief Business Development Officer
G. Giridhar is a graduate in Economics. He comes with an experience of over 25 years in the Financial Sector - Mutual Funds, Banking and Insurance. His last 15 years have been in the area of Mutual Funds. He has been with Karvy for the past eight years handling Registry/TA Operations, Business development and Client Relationship. Prior to that, he was with GIC Asset Management Co. Ltd., for over seven years, handling various portfolios including Operations, Investor Services & Legal.
Ganesh Ram (Ram G)
General Manager & Head Operations– UTI MF
Ram G has done his PGDBA from Symbiosis Institute of Management Studies & is a Six Sigma Green Belt certified. He comes with an experience of more than 18 years’ across functions in Finance & Accounting Services, BFSI and Commercial Lending. He has an extensive experience in multicultural operations, business development and Six Sigma implementation. Prior to joining us he was associated with Bank of America Continuum India and GE Capital, across various business units.
General Manager – Operations (Reliance Mutual Fund Unit)
Nagesh is an MBA in Finance from Nagarjuna University and has over 20 years of experience in financial services industry. Prior to joining us he was associated with Franklin Templeton where he had worked in the capacity of Asst. Vice President – US Transfer agency. He has also worked with Reliance Mutual Fund, Sun F & C Mutual fund & Informatics Computer Systems.
Chief Operating Officer - Global Business Services
Rajeev is a graduate from Wharton Advanced Management Program, University of Pennsylvania has done MBA from M.J.P. Rohilkhand University, Executive Masters in “International Trade” ( EMIT) from Indian Institute of Foreign Trade. He is also a Six Sigma Black Belt certified by the Indian Statistical Institute (ISI Chennai). He has approx. 24 years of experience across US Finance & Accounting Services, BFSI and Healthcare - Third party players, Global In-house Centers. As a leader he had been handling P&L responsibility and comes with extensive experience in handling multicultural workforce across different geographies, business development & Mergers & Acquisitions keeping US and Europe as the focus market. Prior to joining us he was associated with Wells Fargo as VP & India Head - Mortgage Operations. He has also worked with Accenture (Erstwhile Zenta) and Nydox Services Limited.
Chief Operating Officer - MFS (RMF, BCP, Asia projects)
Muthuraman brings over 19 years of experience in Mutual Fund Industry, where he has handled the entire spectrum of activities spanning Operations, Accounts, Sales and Marketing and Client Relationship Management. He joins us from L&T Mutual Fund, where he was AVP - Regional Head - South (Retail & Banking) based at Hyderabad. Prior to this, he was with Religare Securities Limited (PMS Division) as Vice President (Regional Head - South). He started his career with UTI Asset Management Company Pvt. Ltd., in 1992 and served in various capacities during his 16 year stint with UTI AMC; the last being as the Regional Sales Head (North) for Postal Channel.
Chief Information Officer
Sridhar Kakarala joined Karvy Computershare Pvt. Ltd., as Head (IT & Product Development). He possesses a rich and varied experience of over 24 years in Software Development, Project Management, Product Development, Re-engineering, Business Intelligence, including over 7 years of international experience.
He has played a key role in architecting and implementing large data warehouse and business intelligence solutions for major international clients in the BFSI domain. In addition to this, he had earlier led large teams in the successful delivery of IT solutions in the Banking and Insurance sectors.
He is a certified Knowledge Manager from International Knowledge Management Institute, USA, and has a passion for creating and nurturing a knowledge-sharing environment.
Chief Human Resources Officer
Pradipta possesses rich and varied experience of over two decades in the Human Resources (HR) functions spanning across all the aspects of HR from Talent Acquisition, Performance Management, Talent Management, IR and cultural realignment. He has been heading the HR function in BFSI and Retail Industries for the last six years. He had joined the previous three companies in Insurance and Retail industry during their start up phase and has successfully set up their HR policies, processes and philosophy while building their manpower base including the leadership team. At Karvy Computershare, he is heading HR function and is responsible for bringing in the industry's best practices and new HR initiatives. Prior to Karvy Computershare, he worked as VP - HR for Bharti AXA General Insurance Co. Ltd.
VP & Head - Audit & Surveillance
Prabhakar is a Chartered Accountant with over 25 years experience in Audit profession, during which he worked with Domestic Corporate houses as well as with MNC Audit firms. In his present stint with Karvy Computershare, he is responsible for Audit, Surveillance and allied functions. His responsibilities are targeted towards making Karvy Computershare a fully regulatory-compliant organization. Prior to joining Karvy Computershare, Prabhakar was with Price Waterhouse Coopers (PWC).
VP - Branch Operations
Udayshankar is an Honors Graduate in Mathematics and has over 3 decades of experience in Insurance and Mutual Fund industries.
He has experience in branch administration at senior level and has worked in various parts of the country in the areas of Accounting, Marketing and Fund Management in his earlier role. He is currently responsible for the branch operations for both Mutual Fund and Corporate Registry Services.
General Manager & Head - Operations, MFS
Jagdish is a Commerce Graduate from Osmania University and has completed his PGDBA from Bhartiya Vidya Bhavan. He also holds a Six Sigma Black Belt Certification from GAQM (Global Association for Quality Management).
He is a seasoned professional with an overall experience of more than a decade across Banking and Healthcare services. Prior joining us he was associated with HSBC bank & C3i Support Services.
Kalyan Chakravarthy P.V.
Chief Information Security Officer
Kalyan has done his Engineering in Mechanical stream and also holds various professional certifications like honors diploma in computer sciences from APTECH, ITIL (IT Service Operations), ISO 27001 certified Lead Auditor, Certified Ethical Hacker (CEH) and a certification on Governance Risk Compliance (GRC) tools to stay ahead with the business needs from time to time. He has more than a decade and half years of experience in infrastructure and security operations, enterprise GRC requirements, IT & security audits, enterprise risk analysis and project management.
Section 135 of Companies Act, 2013 mandates every company having a net worth of Rs. 500 Crore or more or revenue of Rs. 1,000 Crore or more or net profit of Rs. 5 Crore or more shall constitute a Corporate Social Responsibility (CSR) Committee and the CSR Committee is responsible for formulating Company’s CSR policy and monitoring the CSR programs and their performance.
It is the Company's philosophy, firm belief and intent to effectively implement CSR and make a positive difference to society. It recognizes that it cannot do it all; so that if there are choices to be made, bias will be towards doing fewer projects with better outcomes and good impact and will focus initiatives on communities in which the Company lives, operates and particularly forming community whose development is the basic mission of the Company.
2. CSR POLICY
This Policy shall be read in line with Section 135 of the Companies Act 2013, Companies (Corporate Social Responsibility Policy) Rules, 2014 and such other rules, regulations, circulars, and notifications (collectively referred hereinafter as 'Regulations') as may be applicable and as amended from time to time.
Karvy Computershare Private Limited (KCPL or ‘the Company’) believes that the actions of the organization and its community are highly inter-dependent. Both on its own and as part of Karvy Group, through constant and collaborative interactions with our external stakeholders, KCPL strives to become an asset in the communities where it operates. As our Corporate Social Responsibility (CSR) we actively implement projects and initiatives for the betterment of society, communities, and the environment.
3. SCOPE AND APPLICABILITY
This policy shall be applicable to all CSR initiatives and activities undertaken by KCPL either directly or through corporate foundations/trusts/other charitable organizations for the benefit of different segments of the society.
4. OBJECTIVE OF CSR POLICY
The objective of this policy is to continuously and consistently:
The Corporate Social Responsibility Committee (‘CSR Committee’ Board level) is responsible to formulate and recommend to the Board the CSR Policy indicating the activities falling within the purview of Schedule VII to the Companies Act, 2013, to be undertaken by the Company, to recommend the amount to be spent on CSR activities presented by the CSR Council and to monitor the CSR Policy periodically. The CSR Council will be supported by the CSR Secretariat at Head Office made up of cross-functional team, for implementation of the approved projects.
The CSR Committee of the Board of Directors comprises of the following Members:
The following members are represented on the CSR Council:
6. RESPONSIBILITIES OF THE COMMITTEE
The responsibilities of the CSR committee include --
7. MEETING OF THE COMMITTEE
The Committee shall hold meeting as and when required, to discuss various issues on the implementation of the CSR Policy of the Company. The members would thrive to hold atleast two meetings in a financial year.
8. BUDGET AND ALLOCATION
For achieving the CSR objectives through implementation of meaningful and sustainable CSR Projects, the CSR Committee will allocate for its Annual CSR Budget, 2% or more of the average net profits of the Company made during the three immediately preceding financial years, calculated in accordance with the relevant provisions of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014.
The Company may also make contributions to Corporate Foundations / Registered Trusts / other charitable organizations (NGO’s) towards its corpus for projects approved by the Board. The CSR Committee will approve the CSR budget annually on receiving the recommendations from CSR Council.
The Company may build CSR through Institutions with established track records of at least 3 financial years.
9. VOLUNTEERING OF EMPLOYEES FROM THE ORGANIZATION
The Company will encourage and recognize its employees for volunteering with the spirit of serving and sharing with the community.
The Company shall endeavor to increase employee participation at all levels in the Organization, by encouraging employees to participate in the Company’s CSR activities.
10. FOCUS AREAS/GOALS
12. MONITORING PROCESS OF CSR ACTIVITIES
13. CRITERIA FOR IDENTIFYING CSR PROJECTS
While identifying the projects all efforts must be made to the extent possible to define the following:
14. CRITERIA FOR IDENTIFYING THIRD PARTY CSR ORGANIZATIONS
We may also undertake CSR projects through identified external agencies such as corporate foundations/Registered trusts/other charitable organizations (NGOs) who would execute the said Project on our behalf. In case of Project execution by them the following minimum criteria need to be ensured:
The Company may also collaborate with other companies to undertake CSR Projects or Programs, provided the CSR Committees of the respective companies are in a position to report separately on such projects or programs.
15. EFFECTIVE DATE
This policy shall be effective from 1st April 2014
For queries related to CSR policy, please contact
Mr. Rakesh Santhalia
CFO & Company Secretary
Karvy Computershare Private Limited
46, Avenue 4, Street No1, Banjara Hills,
Hyderabad – 500034, India
Tel: 040 3321 5568
“To achieve & sustain market leadership, Karvy shall aim for complete customer satisfaction by combining its human & technological resources to provide world class quality services. In the process Karvy shall strive to meet and exceed customer’s satisfaction and set industry standards.”
As per the Quality Policy, Karvy will :
C PARTHASARATHYChairman & Managing Director