Mr. Uday S. Kotak, 52 years, is a graduate in Commerce and a post-graduate in Business Administration from Jamnalal Bajaj Institute of Management Studies of Mumbai University. Mr. Kotak is the Vice Chairman and Managing Director of the Sponsor, Kotak Mahindra Bank Ltd., and the chairman of various other companies, and has over 25 years of experience in the Financial Services industry. He is associated with the sponsor.

Mr. Romesh. C. Khanna, 85 years, is a Graduate in Commerce from London University, a Fellow of the Institute of Chartered Accountants of England & Wales, a Fellow of the Institute of Chartered Accountants of India, an Associate of the Chartered Institute of Management Accountants, London and an Associate of the Institute of Cost and Works Accountants of India. He was a partner till 31st March 1998 in A. F. Ferguson & Co.,a firm of Chartered Accountants. Mr. Khanna has over 57 years of experience in Audit, Taxation, Finance and other related areas. He was a partner in A.F. Ferguson & Co., a firm of Chartered Accountants till March 31st, 1998. Mr. Khanna has over 58 years of experience in Audit, Taxation, Finance and other related areas.

Mr. Sukant S. Kelkar, 72 years, is a post-graduate in commerce. He has about 45 years of experience in finance, capital markets, and related areas. Mr. Kelkar has over 12 years experience in the Bank of India, and has even been a foreign exchange dealer in London for 3 years during this tenure. Following this, Mr. Kelkar worked with Bombay Dyeing Manufacturing Company Limited for 31 years, finally retiring as Executive Director in July 2001. He is on the Board of major Wadia Group Companies as a Non- Executive Director.

Mr. Chengalath Jayaram, 55 years, holds a postgraduate diploma in Management from IIMC, Calcutta, Mr. Jayaram is the Joint Managing Director of Kotak Mahindra Bank Ltd. and a member of the Management Committee of the Kotak Mahindra Group. He currently heads the wealth management business for the group including its international operations. Mr. Jayaram joined Kotak in 1990 and since then has been keenly involved in creating innovative business directions for the group where he used his in-depth understanding of the finance sector and his educational background in management effectively. He played a crucial role in the setting up of the car finance business and was the Managing Director of Kotak Securities for a span of four years. Prior to joining Kotak, Mr. Jayaram had worked with ICICI and the consultancy division of A.F. Ferguson. He is associated with the sponsor.

Mr. Bipin R. Shah, 78 years, a member of the Institute of Chartered Accountants of India, holds a Bachelor's Degree in Commerce from Bombay University. He has 51 years of work experience. Mr. Shah began his career in 1956, with Hindustan Lever Limited, where he held various Senior Commercial Assignments, including the post of Commercial Manager at its largest soaps, detergents and foods factory in Bombay, Chief Buyer, Raw Materials and Head of Foods Business. He became a Director of the company in 1979, assuming responsibility for Foods, Animal Feeds, Agri Products and Exports Business, and managed a commendable turnaround of the company's dairy business. In 1981, Mr. Shah also became Chairman of another Unilever subsidiary, Lipton India Limited, which was facing losses and financial crisis. Mr. Shah was responsible for turning the company around, and for reviving employee and investor confidence. Mr. Shah was also Chairman of Export Business of four Unilever Companies in India viz. Hindustan Lever Ltd., Lipton India Ltd., Brooke Bond India Ltd. and Ponds India Ltd. On his retirement from the Lever Group of Companies in 1992, Mr. Shah joined Indus Venture Management Ltd., where he he was the Vice Chairman until May 2006. Mr. Shah is also a non Executive Director on the Board of several companies.