Shyam Metalics Onboards Chandra Shekhar Verma As Independent Director

Shyam Metalics, appoints Chandra Shekhar Verma as an Independent Director of Shyam Metalics and Energy Limited w.e.f.  4th July, 2024. He is a reputed professional and has profound knowledge and experience of more than four decades in the Public Sector undertakings, particularly in the steel sector.

His professional journey certifies him as a true techno-commercial professional and a distinguished leader who has held significant roles in numerous prestigious organizations of the country.

Chandra Shekhar Verma will join the strategic advisory board and participate in all key decision-making processes related to the company's growth and development.

Commenting on his appointment, Mr. Chandra Shekhar Verma, Independent Director of Shyam Metalics and Energy Limited stated, " I am honored to join the esteemed board of Shyam Metalics. With their impressive track record as a market leader, I am eager to contribute to the critical decision-making processes that drive the company's business development. I look forward to playing a role in the company's continued growth."

On this recent development of the leadership team, Mr. B. Bhushan, Vice-Chairman & Managing Director, Shyam Metalics and Energy Limited comments “We are proud to welcome Chandra Shekhar Verma to our team. At Shyam Metalics, we consistently strive for excellence, making strong leadership essential to guiding our growth journey. I am confident that Mr. Verma’s experience, leadership, and guidance will contribute significantly to the company's continued success.”

Prior to joining Shyam Metalics, Verma served as the Chairman & Managing Director of Steel Authority of India Limited (SAIL) from June 2010 to June 2015. Under his leadership, SAIL achieved significant milestones including substantial capacity expansion, strategic partnerships, and international recognition. He also held additional charges such as CMD of National Mineral Development Corporation (NMDC) and Chairman of International Coal Ventures Limited (ICVL).

Throughout his career, Mr. Verma has been recognized for his exceptional contributions to the industry, receiving prestigious awards such as the 'CEO of the Year' Platts Global Metals Awards and the IIM-JRD Tata Award for Excellence in Corporate Leadership in Metallurgical Industries.

Verma was the First President of the Indian Steel Association, the apex body of the Indian Steel Industry. He was the Chairman of the ‘National Committee of Steel’ of Confederation of Indian Industries (CII). He was member of the Council of Scientific and Industrial Research Society (CSIR) headed by the Hon’ble Prime Minister of India. He was also Board Member, World steel Association and Council Member of Indian Institute of Metals. He was the Member of the Board of Governors and Society of Indian Institute of Management (IIM), Raipur.

Verma holds a Master of Commerce (M. Com), Master of Business Administration (MBA), Fellow member of the Institute of Cost Accountants of India (FICMA), Fellow member of the Institute of Company Secretaries of India (FCS), and Bachelor of Law & Legislatures (LLB).

Verma's appointment is anticipated to bolster Shyam Metalics' market position and propel the company's strategic development into its next phase of growth.