Ingersoll Rand Appoints Ajay Shriram Patil as Independent Director; Reconstitutes Board Committees
Ingersoll Rand (India) Limited announced significant changes to its board structure and committee compositions following a meeting held on August 14, 2026. The company approved the appointment of Mr. Ajay Shriram Patil as an Additional NonExecutive Independent Director, effective from August 15, 2026.The appointment was made based on recommendations from the Nomination and Remuneration Committee and is subject to shareholder approval. Mr. Patil will serve for a term of five consecutive years, commencing on August 15, 2026.
Following the appointment and the retirement of Mr. Sekhar Natarajan, the Board of Directors reconstituted all key committees, including the Audit Committee, Nomination and Remuneration Committee (NRC), Stakeholders Relationship Committee (SRC), Risk Management Committee (RMC), and the Corporate Social Responsibility (CSR) Committee.
New Director Profile: Ajay Shriram Patil
Mr. Ajay Shriram Patil has over 36 years of leadership experience in multinational industrial and manufacturing organizations, making him a global business leader. His career progression includes roles with leading diversified technology companies such as Cummins, Honeywell, and Eaton, spanning regional and global operations across the Asia Pacific, Middle East, Africa, the Americas, and globally.Currently, Mr. Patil is the Global Chief Financial Officer of RSB Transmission (India) Ltd., a Bain Capital portfolio company. His expertise spans corporate governance, enterprise transformation, capital allocation, mergers and acquisitions, sustainability, and risk management within listed and private equity-backed businesses. He also serves as an Independent Director and Chairman of the Audit Committee on several boards.
Mr. Patil is a Cost and Management Accountant (CMA) and holds a Master's degree in Commerce. Additionally, he holds independent directorships at KSH International Limited, Alicon Castalloy Limited, Filtrum Fibre Technologies Private Limited, and Fleetguard Filters Private Limited. He confirmed that he is not related to any existing directors of the company, and he holds no shareholding in Ingersoll Rand (India) Limited.
Reconstituted Board Committees
The revised composition of the key board committees effective August 15, 2026, has been detailed below:Audit Committee
| Sl. No. | Name of Members | Position in the Committee | Nature of Directorship |
|---|---|---|---|
| 1. | Mr. Ajay Shriram Patil | Chairman | Independent Director |
| 2. | Mr. Sunil Khanduja | Member | Managing Director |
| 3. | Ms. Vijaya Sampath | Member | Independent Director |
| 4. | Ms. Jayantika Dave | Member | Independent Director |
Nomination and Remuneration Committee (NRC)
| Sl. No. | Name of Members | Position in the Committee | Nature of Directorship |
|---|---|---|---|
| 1. | Ms. Jayantika Dave | Chairperson | Independent Director |
| 2. | Ms. Vijaya Sampath | Member | Independent Director |
| 3. | Mr. Ajay Shriram Patil | Member | Independent Director |
Stakeholders Relationship Committee (SRC)
| Sl. No. | Name of Members | Position in the Committee | Nature of Directorship |
|---|---|---|---|
| 1. | Ms. Jayantika Dave | Chairperson | Independent Director |
| 2. | Mr. Ajay Shriram Patil | Member | Independent Director |
| 3. | Mr. Sunil Khanduja | Member | Managing Director |
Risk Management Committee (RMC)
| Sl. No. | Name of Members | Position in the Committee | Nature of Directorship |
|---|---|---|---|
| 1. | Mr. Sunil Khanduja | Chairman | Managing Director |
| 2. | Mr. Gareth Topping | Member | Non-Executive Director |
| 3. | Mr. P. R. Shubhakar | Member | Executive Director, CFO & Company Secretary |
| 4. | Mr. Ajay Shriram Patil | Member | Independent Director |
| 5. | Mr. Udayan Khastagir | Member | Head - Internal Audit |
Corporate Social Responsibility (CSR) Committee
| Sl. No. | Name of Members | Position in the Committee | Nature of Directorship |
|---|---|---|---|
| 1. | Mr. P. R. Shubhakar | Chairman | Executive Director, CFO & Company Secretary |
| 2. | Mr. Sunil Khanduja | Member | Managing Director |
| 3. | Ms. Jayantika Dave | Member | Independent Director |
| 4. | Ms. Vijaya Sampath | Member | Independent Director |
INGERRAND Stock Price Movement
Shares of Ingersoll Rand (India) Limited edged down 0.14% in post-market trading today, settling at ₹4608.7 after shedding ₹6.40 from its previous close.The stock saw considerable activity with a volume of 127,789 shares, closing the session while remaining well within its range and near its recently established 52-week high of ₹4768.7.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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