Board of Directors

Mr. Sevantilal Jivanlal Parekh

CHAIRMAN AND MANAGING DIRECTOR

Mr. Sevantilal Jivanlal Parekh graduated from Sydenham College of Commerce & Economics, Bombay (Mumbai University) in the year 1952. He has over 50 years of experience across industries including shipping, construction, manufacturing, investment and finance. He held the post of Executive Chairman of the Company and took on the additional responsibility of Managing Director after the tragic demise of Mr. Sunil S. Parekh, who was previously Managing Director of the Company.

Mrs. Sujata Parekh Kumar

JT. MANAGING DIRECTOR

Mrs. Sujata Parekh Kumar graduated with B.Com degree from Mumbai University, followed by MBA from Fairleigh Dickinson University, USA. She has over 30 years experience as a working partner in associated group companies and firms. She has strong skills in financial accounting and MIS development. She actively manages the investment portfolio in equities and debt for the group.

She was appointed a Dealer on the OTC Exchange of India in October, 1991 and co-promoted Practical Financial Services Pvt. Ltd., a corporate member of the National Stock Exchange of India Ltd. and Bombay Stock Exchange.

She has also co-founded Virtual Insurance Broking Entity Pvt. Ltd., an IRDA licenced Insurance Broking Company in 2006.

Mr. Suhrid Somani

DIRECTOR

Mr. Suhrid Somani, a B.Com graduate from Mumbai University is an expert in marketing and Finance. He is an Executive Director at Claridge Moulded Fibre Ltd.

Capt. Dinyar Karai

DIRECTOR & CEO

Capt. Dinyar Karai, inter Commerce, served in the Indian Army and retired as Captain. He has over 25 years experience in the field of Shipping and Maritime Logistics.

Mr. Paras Dakalia

DIRECTOR – FINANCE

Mr. Paras Dakalia graduated with Master’s degrees in Commerce from the University of Jodhpur, India. He qualified for C.A. from the Institute of Chartered Accountants of India in 1975 and completed his Articleship from a reputed C.A. firm M/s C. C. Chokshi & Co. in Ahmedabad. He served in various organizations, including IFFCO, and provided his valuable advise on taxation and audit matters, appraisal of business proposals, arranging working capital and term loans from Banks and Financial Institutions.

Before joining the Board as Director – Finance, he rendered his service to USL as a Consultant for 12 years. His assignments involved arranging required working capital through consortium banks, long terms funds through Financial Institutions, compliance of Income Tax and Service Tax laws, compliance of Foreign Exchange Management Act, etc. He was instrumental in reducing the cost of borrowings through ECB borrowings and the issuance of Commercials Papers.

Mr. Krishnagopal B. Gupta

INDEPENDENT DIRECTOR

Mr. Krishnagopal B. Gupta is a quailed Company Secretary, an Educationist by profession and is a Chairman of a school. He has vast experience in corporate governance.

Mr. Manish Holani

Director Commercial & Ops.

Manish Holani holds a PGDBA and MICS (London) and has been working with USL since 1999. He has over 15 years experience in major business aspects of Accounts, MIS, Ship-chartering, Operations and Key accounts management. He has strong numeracy skills & understanding of commercials and has been actively involved in providing critical commercial analyses for new business opportunities as well as for existing business. He is also involved in providing Operational Cost Analysis for decision making and control.

Mr. Balkrishna Saboo

Director – Technical

Mr. Balkrishna Saboo, a commerce graduate with a Diploma in Export Marketing has expertise in Ship repairs, Marine projects, Logistics and Maintenance of various types of machineries.

He has over 40 years of experience in the field of Ship repairs, Technical advisory and support for various Industrial and Marine projects on the Western Coast of India and was appointed as a country representative of IIAAT, Russia (International Institute for Advanced Aerospace Technologies) for their high speed Amphibious Aeroboats.

Dr. Suresh Parikh

Independent Director

Dr. Suresh Parikh is a MBBS & Doctor by profession.

Mr. Sevantilal Jivanlal Parekh

CHAIRMAN AND MANAGING DIRECTOR

Mr. Sevantilal Jivanlal Parekh graduated from Sydenham College of Commerce & Economics, Bombay (Mumbai University) in the year 1952. He has over 50 years of experience across industries including shipping, construction, manufacturing, investment and finance. He held the post of Executive Chairman of the Company and took on the additional responsibility of Managing Director after the tragic demise of Mr. Sunil S. Parekh, who was previously Managing Director of the Company.

Mrs. Sujata Parekh Kumar

JT. MANAGING DIRECTOR

Mrs. Sujata Parekh Kumar graduated with B.Com degree from Mumbai University, followed by MBA from Fairleigh Dickinson University, USA. She has over 30 years experience as a working partner in associated group companies and firms. She has strong skills in financial accounting and MIS development. She actively manages the investment portfolio in equities and debt for the group.

She was appointed a Dealer on the OTC Exchange of India in October, 1991 and co-promoted Practical Financial Services Pvt. Ltd., a corporate member of the National Stock Exchange of India Ltd. and Bombay Stock Exchange.

She has also co-founded Virtual Insurance Broking Entity Pvt. Ltd., an IRDA licenced Insurance Broking Company in 2006.

Mr. Suhrid Somani

DIRECTOR

Mr. Suhrid Somani, a B.Com graduate from Mumbai University is an expert in marketing and Finance. He is an Executive Director at Claridge Moulded Fibre Ltd.

Capt. Dinyar Karai

DIRECTOR & CEO

Capt. Dinyar Karai, inter Commerce, served in the Indian Army and retired as Captain. He has over 25 years experience in the field of Shipping and Maritime Logistics.

Mr. Paras Dakalia

DIRECTOR – FINANCE

Mr. Paras Dakalia graduated with Master’s degrees in Commerce from the University of Jodhpur, India. He qualified for C.A. from the Institute of Chartered Accountants of India in 1975 and completed his Articleship from a reputed C.A. firm M/s C. C. Chokshi & Co. in Ahmedabad. He served in various organizations, including IFFCO, and provided his valuable advise on taxation and audit matters, appraisal of business proposals, arranging working capital and term loans from Banks and Financial Institutions.

Before joining the Board as Director – Finance, he rendered his service to USL as a Consultant for 12 years. His assignments involved arranging required working capital through consortium banks, long terms funds through Financial Institutions, compliance of Income Tax and Service Tax laws, compliance of Foreign Exchange Management Act, etc. He was instrumental in reducing the cost of borrowings through ECB borrowings and the issuance of Commercials Papers.

Mr. Krishnagopal B. Gupta

INDEPENDENT DIRECTOR

Mr. Krishnagopal B. Gupta is a quailed Company Secretary, an Educationist by profession and is a Chairman of a school. He has vast experience in corporate governance.

Mr. Manish Holani

Director Commercial & Ops.

Manish Holani holds a PGDBA and MICS (London) and has been working with USL since 1999. He has over 15 years experience in major business aspects of Accounts, MIS, Ship-chartering, Operations and Key accounts management. He has strong numeracy skills & understanding of commercials and has been actively involved in providing critical commercial analyses for new business opportunities as well as for existing business. He is also involved in providing Operational Cost Analysis for decision making and control.

Mr. Balkrishna Saboo

Director – Technical

Mr. Balkrishna Saboo, a commerce graduate with a Diploma in Export Marketing has expertise in Ship repairs, Marine projects, Logistics and Maintenance of various types of machineries.

He has over 40 years of experience in the field of Ship repairs, Technical advisory and support for various Industrial and Marine projects on the Western Coast of India and was appointed as a country representative of IIAAT, Russia (International Institute for Advanced Aerospace Technologies) for their high speed Amphibious Aeroboats.

Dr. Suresh Parikh

Independent Director

Dr. Suresh Parikh is a MBBS & Doctor by profession.