A marquee Road platform set up by institutional investors, Maple Highways strives for excellence in assets managed by us. In line with the strategy of our principals, we have a long-term outlook to asset ownership, deep rooted in our vision for transformation, value creation and care.
Our uniqueness is in the establishment of a full setup which directly sources assets from the market offering highest degree of governance and transparency. This framework provides investors a robust and secure avenue for stable returns and sustainable growth with India's dynamic and growing infrastructure landscape. It augurs well that Roads is and continues to be a thrust area of growth for the Government, offering us a steady pipeline of assets.
Built from scratch and at its core, Maple Highways has a well networked and highly proficient management team, guiding the organization with unwavering commitment, professionalism & vision.
Supported by an Independent board, our team is devoted to upholding the highest standards of governance, safety, and operational efficiency, ensuring the enduring success of all our ventures.
Maple Highways has a proven track record of onboarding, integrating and managing large assets and several assets are in the advanced stages of acquisition. Ever since inception, team at Maple Highways has undertaken several large and challenging projects, setup systems and processes and maneuvered complex environments, thereby readying the platform for its near-term growth.
Navigating the extensive highway network of India, Maple Highways is set to emerge as a beacon of success, offering investors and stakeholders a reliable and visionary partner in the journey towards a well-connected and prosperous future.
Vision, Mission & Values
Vision, Mission & Values
Vision
We transform roads.
We create value.
We care.
We are Maple Highways.
We make a difference.
We create value.
We care.
We are Maple Highways.
We make a difference.
Johnson Robert
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Mission
To responsibly create a long-term roads platform focusing on sustainability, operational excellence and user experience.
Martin Miller
Values
Integrity
Respect
Safety
Teamwork
Professionalism
Empowerment and Accountability
Respect
Safety
Teamwork
Professionalism
Empowerment and Accountability
Janette Smith
Vision
We transform roads.
We create value.
We care.
We are Maple Highways.
We make a difference.
Mission
To responsibly create a long-term roads platform focusing on sustainability, operational excellence and user experience.
Values
Integrity
Respect
Safety
Teamwork
Professionalism
Empowerment and Accountability
We empower teams. We believe in leadership at all levels.
Team empowerment is not a policy; it's a deeply ingrained belief that everyone's voice matters.
We take pride that we have diverse set of people - both in terms of background and thoughts.
We don't just celebrate differences; we see them as the threads that make us stronger.
We believe in staying humble, celebrating milestones and learn from our failures too!
Milestones are not just markers; they are moments of humble celebration, acknowledging the collective efforts that brought us here. Equally, our approach to failures is not just resilience but a shared commitment to learning. Each success and setback is a stepping stone for collective growth.
We are committed to fostering a workplace where each person can-
Be their best and thrive to take larger roles & listen to and support each other.
Our Structure
Vision
We transform roads.
We create value.
We care.
We are Maple Highways.
We make a difference.
Mission
To responsibly create a long-term roads platform focusing on sustainability, operational excellence and user experience.
Values
Integrity
Respect
Safety
Teamwork
Professionalism
Empowerment and Accountability
Our Structure
Our Sponsor
Investment Manager (IM)
Project Manager (PM)
Trustee
Board of Directors - IM
Management
Credit Ratings
DATE
TITLE
2024-10-14
2024-10-18
2024-10-18
2024-11-05
2024-11-08
2024-11-12
2024-11-12
2024-11-12
2024-11-12
2025-01-16
2025-01-16
2023-06-22
2023-07-14
2023-07-20
2023-07-20
2023-07-20
2023-07-21
2023-07-28
2023-09-30
2023-10-20
2023-10-20
2023-10-20
2023-10-20
2023-10-26
2023-10-29
2023-11-03
2023-11-10
2023-11-10
2023-11-10
2024-01-19
2024-01-19
2024-01-19
2024-01-19
2024-02-27
2024-04-17
2024-04-17
2024-04-17
2024-04-20
2024-04-30
2024-04-30
2024-05-15
2024-05-28
2024-05-28
2024-05-28
2024-05-29
2024-07-16
2024-07-19
2024-07-20
2024-07-20
2024-08-14
2024-09-30
2024-10-09
Sponsor
The Sponsor of the Trust is Maple Highways Pte Ltd (“Sponsor”), a private company incorporated in Singapore.
2023.07.05
2023.07.05
2023.07.05
Maple Infra Invit Investment Manager Pvt. Ltd.
Maple Infra InvIT Investment Manager Private Limited (Formerly known as CLP Power India Private Limited), a private limited company incorporated under the provisions of Companies Act, 1956, bearing Corporate Identification Number U74110GJ1995PTC042939, is the investment manager of the Maple Infrastructure Trust (formerly known as Indian Highway Concessions Trust).
Project Manager
Maple Highway Project Management Private Limited, a private limited company incorporated under the provisions of Companies Act, 1956, bearing Corporate Identification Number U74110GJ2010PTC059351, is the project manager of the Maple Infrastructure Trust (formerly known as Indian Highway Concessions Trust)
DATE
TITLE
2023.07.05
2023.07.05
2023.07.05
2023.07.05
2023.07.05
2023.07.05
2023.07.05
2023.07.05
2023.07.05
2023.07.05
2023.07.05
Trustee
Axis Trustee Services Limited is the Trustee of the Trust. The Trustee is a wholly-owned subsidiary of Axis Bank Limited and is a registered intermediary with SEBI under the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993, as a debenture trustee having registration number IND000000494 and is valid until suspended or cancelled.
2023.06.22
2023.06.22
2023.06.22
2023.06.22
2023.06.22
2023.06.22
2023.06.22
2023.06.22
2023.06.22
2023.06.22
2023.06.22
2023.06.22
Audit Committee
Mr. Romesh Sobti
Chairman & Non-Executive Director
Romesh Sobti holds a bachelor’s degree (honours) in electrical engineering and a diploma in corporate laws and secretarial practice.
Mr. Sobti is the former Managing Director and Chief Executive Officer of IndusInd Bank, with tenure of over 12 years. He is a career banker with 46 years of experience in three sectors of banking, namely, public, foreign, and private. He was the Executive Vice President – Country Executive, India and Head, UAE, and Sub-Continent, at ABN AMRO Bank N.V. In his previous banking career, he has also been associated with ANZ Grindlays Bank Plc (currently known as Standard Chartered Bank) and State Bank of India.
Mr. Sobti is the former Managing Director and Chief Executive Officer of IndusInd Bank, with tenure of over 12 years. He is a career banker with 46 years of experience in three sectors of banking, namely, public, foreign, and private. He was the Executive Vice President – Country Executive, India and Head, UAE, and Sub-Continent, at ABN AMRO Bank N.V. In his previous banking career, he has also been associated with ANZ Grindlays Bank Plc (currently known as Standard Chartered Bank) and State Bank of India.
Mr. Anil Aggarwal
Non-Executive Independent Director
Anil Aggarwal is a Chartered Accountant and holds a master’s degree in business administration from the Faculty of Management Studies, University of Delhi, New Delhi.
Mr. Aggarwal has over 30 years of expertise in the field. He has pursued a career in accounting and finance from 1985 to 2012 with several corporates including Indian Oil Corporation, Unit Trust of India, Reliance Capital, RPG Enterprises, and Punj Lloyd. Since 2013, he has worked on advisory assignments and as consultants to large companies including Godrej Fund Advisors, Caparo Group, and Trident Limited. Finance, accounting, strategy, and mergers & acquisitions are among his specialties. He also serves on the board of directors of Snowman Logistics Limited as an independent director.
Mr. Aggarwal has over 30 years of expertise in the field. He has pursued a career in accounting and finance from 1985 to 2012 with several corporates including Indian Oil Corporation, Unit Trust of India, Reliance Capital, RPG Enterprises, and Punj Lloyd. Since 2013, he has worked on advisory assignments and as consultants to large companies including Godrej Fund Advisors, Caparo Group, and Trident Limited. Finance, accounting, strategy, and mergers & acquisitions are among his specialties. He also serves on the board of directors of Snowman Logistics Limited as an independent director.
Mr. Louis-Marie St-Maurice
Non-Executive Director
Mr. Louis-Marie St-Maurice joined CDPQ in April 2015 as Infrastructure VP Asset Management. Since August 2022, he acts as senior consultant within the CDPQ Infrastructure team where he focuses on road assets and platforms (mostly in Mexico and India). Over his career, which he has pursued in Canada and the United States, Mr. St-Maurice has acquired more than 40 years of experience in infrastructure project development & in asset management activities. Before joining CDPQ, he was a senior executive of large companies involved in transportation & energy infrastructure. In particular, he was Chief Financial Officer at 407 International and Astoria Energy, Vice-President, Investment at SNC-Lavalin, President and Chief Executive Officer at Bucksport Energy and Vice-President, Development at MEG Energy. He also exercised management functions at Novergaz, GazPlus and Gaz Métro. He has held, and continues to hold Board seats on numerous companies.
Mr. Louis-Marie St-Maurice holds a degree in civil engineering from University of Ottawa, and obtained an MBA specialized in project management as well as a graduate diploma in oil company management from HEC Montréal.
Mr. Louis-Marie St-Maurice holds a degree in civil engineering from University of Ottawa, and obtained an MBA specialized in project management as well as a graduate diploma in oil company management from HEC Montréal.
Ms. Seema Gupta
Non-Executive Independent Director
Ms. Gupta is a leading power transmission expert with 40 years of experience in varied facets of the Power sector, from concept to delivery, in premier PSUs such as Power Grid and NTPC. She has worked at Power Grid, retiring as the COO in May 2022. Her roles at Power Grid span Corporate Governance, Technical Operations, Finance, Marketing and Project Management. She has been a member of CIGRE (the International Council on Large Electric Systems) since 2014, having held the positions of Chairperson and Vice President. She has also been a member of the IEEE (Institute of Electrical and Electronics Engineers).
Ms. Seema Gupta holds a Post Graduate Diploma in Management, the Institute of Management Technology, Ghaziabad and Bachelor of Engineering, Delhi College of Engineering.
Ms. Seema Gupta holds a Post Graduate Diploma in Management, the Institute of Management Technology, Ghaziabad and Bachelor of Engineering, Delhi College of Engineering.
Ms. Shalini Kamath
Non-Executive Independent Director
Ms Shalini Kamath has close to three decades of work experience in three distinct fields – Human Resources, Business Development and Social & Community Development and across two continents – India and Africa. She is a certified and practicing ‘CEO & Leadership Coach‘.
Ms Kamath’s Human Resources (HR) career spans close to a decade and half with Group HR Head positions for Chevron Texaco India, Star India, KPMG India and Ambit Holdings. She was a key member of the Executive Leadership Team in each of her assignments. She was a ‘Strategic Partner’ to the businesses in providing business linked people solutions through change, renewal and transformation. In addition, her role in managing the corporate communications function at Ambit Holdings has given her the experience in building a strong corporate brand, both externally and internally.
Prior to her roles in HR, Ms Kamath was the Deputy Marketing Director at Raytheon India. She began her working career in Zambia and Botswana. Over a decade, she worked with the Governments of both the countries on several educational and social & community development projects. She acquired extensive experience in tripartite partnership projects related to community-oriented income generation programs.
Ms Kamath is an MBA graduate from Edinburgh Business School, UK. She has been trained at Harvard Business School in change and transformation. She is an alumnus of CSC Global leadership program and a certified Zenger Folkman Leadership4you trainer & facilitator.
Ms Kamath’s Human Resources (HR) career spans close to a decade and half with Group HR Head positions for Chevron Texaco India, Star India, KPMG India and Ambit Holdings. She was a key member of the Executive Leadership Team in each of her assignments. She was a ‘Strategic Partner’ to the businesses in providing business linked people solutions through change, renewal and transformation. In addition, her role in managing the corporate communications function at Ambit Holdings has given her the experience in building a strong corporate brand, both externally and internally.
Prior to her roles in HR, Ms Kamath was the Deputy Marketing Director at Raytheon India. She began her working career in Zambia and Botswana. Over a decade, she worked with the Governments of both the countries on several educational and social & community development projects. She acquired extensive experience in tripartite partnership projects related to community-oriented income generation programs.
Ms Kamath is an MBA graduate from Edinburgh Business School, UK. She has been trained at Harvard Business School in change and transformation. She is an alumnus of CSC Global leadership program and a certified Zenger Folkman Leadership4you trainer & facilitator.
Mr. Anil Chaudhry
Non-Executive Independent Director
Mr. Chaudhry is a transformative business leader with over four decades of experience. He has been a strong votary of Sustainability, Energy Efficiency, Diversity and Inclusion.
Mr. Chaudhry was the Founding CEO & Managing Director of Schneider Electric India Pvt. Ltd (SEIPL), an entity formed through the merger of Schneider Electric India’s Low Voltage and Industry Automation business with L&T’s Electrical and Automation business. From 2013 to 2023, he held the position of Managing Director and Zone President of Schneider Electric, Greater India. Prior to this, he was the Senior Vice President, Global Sales Organization, Infrastructure Business and a member of the Leadership Team in Paris. In his over 40 years of experience, Mr. Chaudhry has held leadership positions in management, operations, sales, strategy and business development with Global responsibility based out of Europe and India.
Mr. Chaudhry champions the cause of energy efficient and green technologies and has done substantial work worldwide with a focus on infrastructure development, sustainability & climate change, access to energy and skill development. Mr. Chaudhry is extremely passionate towards promoting diversity & inclusion and has championed initiatives throughout his career towards this. Mr. Chaudhry also serves on the Board of Crompton Greaves Consumer Electricals Ltd and Titan Company Limited as an independent director and as a non-executive non-independent director of Schneider Electric Infrastructure Ltd.
Mr. Chaudhry is an engineering graduate from Thapar Institute of Engineering and Technology, Patiala. He further pursued Executive Management Programs from Harvard Business School, Stanford Business School and INSEAD.
Mr. Chaudhry was the Founding CEO & Managing Director of Schneider Electric India Pvt. Ltd (SEIPL), an entity formed through the merger of Schneider Electric India’s Low Voltage and Industry Automation business with L&T’s Electrical and Automation business. From 2013 to 2023, he held the position of Managing Director and Zone President of Schneider Electric, Greater India. Prior to this, he was the Senior Vice President, Global Sales Organization, Infrastructure Business and a member of the Leadership Team in Paris. In his over 40 years of experience, Mr. Chaudhry has held leadership positions in management, operations, sales, strategy and business development with Global responsibility based out of Europe and India.
Mr. Chaudhry champions the cause of energy efficient and green technologies and has done substantial work worldwide with a focus on infrastructure development, sustainability & climate change, access to energy and skill development. Mr. Chaudhry is extremely passionate towards promoting diversity & inclusion and has championed initiatives throughout his career towards this. Mr. Chaudhry also serves on the Board of Crompton Greaves Consumer Electricals Ltd and Titan Company Limited as an independent director and as a non-executive non-independent director of Schneider Electric Infrastructure Ltd.
Mr. Chaudhry is an engineering graduate from Thapar Institute of Engineering and Technology, Patiala. He further pursued Executive Management Programs from Harvard Business School, Stanford Business School and INSEAD.
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Mr. V.S. Parthasarathy
Non-Executive Independent Director
“Mr. V.S. Parthasarathy has over 35 years of rich experience wherein he has successfully led businesses, functions, organization transformations and over 125 M&A transactions. He is on the board of several listed and unlisted companies. He is an Independent Director on Life Insurance Corporation (LIC), NIIT and Cloudnine Hospitals to mention a few. He carries out a number of philanthropic activities for women’s empowerment through education, employment and entrepreneurship initiatives of SEWA (Self Employed Women’s Association). He has rich experience in the areas of Organizational Transformation, Leadership, Strategic Planning, Finance, International Operations.
Mr. V. S. Parthasarathy has received Lifetime Achievement Awards for his CFO and CIO roles, as also the Business World - Yes Bank Hall of Fame Award; Best CFO of India Award by IMA Corporate Excellence Awards; Digital Icon of India Award by HPE; and CIO 100 – Hall of Fame by CIO after winning the awards for four consecutive years.
He is a fellow member of the Institute of Chartered Accountants of India and had qualified from the Institute of Chartered Accountants in England and Wales. Mr. Parthasarathy holds a bachelor’s degree in commerce from Gujarat University has done Advance Management Program from Havard Business School and did doctorate in Management Studies from University of Mumbai in 2022.”
Mr. V. S. Parthasarathy has received Lifetime Achievement Awards for his CFO and CIO roles, as also the Business World - Yes Bank Hall of Fame Award; Best CFO of India Award by IMA Corporate Excellence Awards; Digital Icon of India Award by HPE; and CIO 100 – Hall of Fame by CIO after winning the awards for four consecutive years.
He is a fellow member of the Institute of Chartered Accountants of India and had qualified from the Institute of Chartered Accountants in England and Wales. Mr. Parthasarathy holds a bachelor’s degree in commerce from Gujarat University has done Advance Management Program from Havard Business School and did doctorate in Management Studies from University of Mumbai in 2022.”
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Mr. Niraj Kumar Murarka
Unitholder Nominee Director (Non-Executive)
Mr. Niraj Kumar Murarka is Chief Investment Officer (Real Assets) of 360 ONE Alternates Asset Manager, a wholly-owned subsidiary of 360 ONE Wealth, earlier known as IIFL Wealth. He possesses more than two decades of experience in structured finance, corporate finance, project finance, treasury, M&A, credit risk underwriting & management.
He joined the firm in 2016 and set up the credit underwriting & monitoring process, operations and treasury for the NBFC business under 360 ONE Wealth. Prior to 360 ONE Wealth, Mr. Niraj Kumar Murarka was associated with HCL Tech in various leadership roles and Indian Oil Corporation in the project finance division.
Mr. Niraj Kumar Murarka is a rank-holder Chartered Accountant, Company Secretary and MBA in Finance from Faculty of Management Studies, Delhi University
He joined the firm in 2016 and set up the credit underwriting & monitoring process, operations and treasury for the NBFC business under 360 ONE Wealth. Prior to 360 ONE Wealth, Mr. Niraj Kumar Murarka was associated with HCL Tech in various leadership roles and Indian Oil Corporation in the project finance division.
Mr. Niraj Kumar Murarka is a rank-holder Chartered Accountant, Company Secretary and MBA in Finance from Faculty of Management Studies, Delhi University
Mr. Chirdeep Bagga
Non-Executive Director
Mr. Chirdeep Bagga is a Managing Director in CDPQ’s Delhi office is responsible for CDPQ’s infrastructure activities in India. In his role, he oversees a team of investment professionals, manages a diversified investment portfolio that includes renewable energy, transmission lines, toll roads and leads new investment activities.
He has over 18 years of infrastructure experience in investing and corporate finance. Before joining CDPQ in 2024, he worked at ADIA from 2022 to 2024, where he was responsible for leading investments and asset management across the Asian transport, energy and digital infrastructure sectors, with a primary focus on India. He worked as a Senior Director at CDPQ from 2018 to 2022, and prior to that spent time working at JP Morgan and IDFC in India, and Macquarie in Singapore.
Mr. Bagga holds an MBA from the Indian Institute of Management (IIM) Ahmedabad and completed his undergraduate degree in business studies from Delhi University.
He has over 18 years of infrastructure experience in investing and corporate finance. Before joining CDPQ in 2024, he worked at ADIA from 2022 to 2024, where he was responsible for leading investments and asset management across the Asian transport, energy and digital infrastructure sectors, with a primary focus on India. He worked as a Senior Director at CDPQ from 2018 to 2022, and prior to that spent time working at JP Morgan and IDFC in India, and Macquarie in Singapore.
Mr. Bagga holds an MBA from the Indian Institute of Management (IIM) Ahmedabad and completed his undergraduate degree in business studies from Delhi University.
Mr. Nishchal Jain
Non-Executive Director
Nishchal Jain has around 12 years of experience across investing, asset management and investment banking with ~9 yrs of experience in infrastructure investment.
He is currently Director, Infrastructure at CDPQ India. Prior to joining CDPQ in 2017, he worked with JP Morgan’s Asian Infrastructure Fund. He holds PGDM (Finance) degree from MDI Gurgaon and B.Tech degree from IIT Roorkee.
He is currently Director, Infrastructure at CDPQ India. Prior to joining CDPQ in 2017, he worked with JP Morgan’s Asian Infrastructure Fund. He holds PGDM (Finance) degree from MDI Gurgaon and B.Tech degree from IIT Roorkee.
Mr. Amar Merani
Unitholder Nominee Director (Non-Executive)
Amar Merani is the Chief Investment Officer (CIO) and Head of Real Assets at 360 ONE Asset, earlier known as IIFL Asset Management. Amar is responsible for the strategy, AUM growth and investments of the Real Assets business.
He leads all new fund raises, handles investor interactions, leads the team on deal selection, asset monitoring and exit strategy of Real Assets. Recently, he has also led the launch and successful fund raise of 360 ONE’s first equity fund for Infrastructure platform investments, with InvITs and infrastructure investments as the underlying theme.
Prior to joining 360 ONE Asset in 2021, Amar was the CEO of Xander Finance, which made over 55 investments in Real Estate and Private Credit in his 9-year tenure.
Prior to joining Xander, Amar spent 11 years at Kotak Investment Banking where, as Executive Director and Real Estate Head, he raised over USD $1 billion of equity for several of India’s topmost real estate developers as well as advised them successfully on M&A and restructuring mandates.
Amar is an active member in several infrastructure and real estate industry associations including APREA, GRI, IVCA and Naredco. He is an alumnus of VJTI, BE Electrical (Hons) and is an MBA from NMIMS Mumbai.
He leads all new fund raises, handles investor interactions, leads the team on deal selection, asset monitoring and exit strategy of Real Assets. Recently, he has also led the launch and successful fund raise of 360 ONE’s first equity fund for Infrastructure platform investments, with InvITs and infrastructure investments as the underlying theme.
Prior to joining 360 ONE Asset in 2021, Amar was the CEO of Xander Finance, which made over 55 investments in Real Estate and Private Credit in his 9-year tenure.
Prior to joining Xander, Amar spent 11 years at Kotak Investment Banking where, as Executive Director and Real Estate Head, he raised over USD $1 billion of equity for several of India’s topmost real estate developers as well as advised them successfully on M&A and restructuring mandates.
Amar is an active member in several infrastructure and real estate industry associations including APREA, GRI, IVCA and Naredco. He is an alumnus of VJTI, BE Electrical (Hons) and is an MBA from NMIMS Mumbai.
Audit Committee
Mr. Romesh Sobti
Chairman & Non-Executive Director
Romesh Sobti holds a bachelor’s degree (honours) in electrical engineering and a diploma in corporate laws and secretarial practice.
Mr. Sobti is the former Managing Director and Chief Executive Officer of IndusInd Bank, with tenure of over 12 years. He is a career banker with 46 years of experience in three sectors of banking, namely, public, foreign, and private. He was the Executive Vice President – Country Executive, India and Head, UAE, and Sub-Continent, at ABN AMRO Bank N.V. In his previous banking career, he has also been associated with ANZ Grindlays Bank Plc (currently known as Standard Chartered Bank) and State Bank of India.
Mr. Sobti is the former Managing Director and Chief Executive Officer of IndusInd Bank, with tenure of over 12 years. He is a career banker with 46 years of experience in three sectors of banking, namely, public, foreign, and private. He was the Executive Vice President – Country Executive, India and Head, UAE, and Sub-Continent, at ABN AMRO Bank N.V. In his previous banking career, he has also been associated with ANZ Grindlays Bank Plc (currently known as Standard Chartered Bank) and State Bank of India.
Mr. Anil Aggarwal
Non-Executive Independent Director
Anil Aggarwal is a Chartered Accountant and holds a master’s degree in business administration from the Faculty of Management Studies, University of Delhi, New Delhi.
Mr. Aggarwal has over 30 years of expertise in the field. He has pursued a career in accounting and finance from 1985 to 2012 with several corporates including Indian Oil Corporation, Unit Trust of India, Reliance Capital, RPG Enterprises, and Punj Lloyd. Since 2013, he has worked on advisory assignments and as consultants to large companies including Godrej Fund Advisors, Caparo Group, and Trident Limited. Finance, accounting, strategy, and mergers & acquisitions are among his specialties. He also serves on the board of directors of Snowman Logistics Limited as an independent director.
Mr. Aggarwal has over 30 years of expertise in the field. He has pursued a career in accounting and finance from 1985 to 2012 with several corporates including Indian Oil Corporation, Unit Trust of India, Reliance Capital, RPG Enterprises, and Punj Lloyd. Since 2013, he has worked on advisory assignments and as consultants to large companies including Godrej Fund Advisors, Caparo Group, and Trident Limited. Finance, accounting, strategy, and mergers & acquisitions are among his specialties. He also serves on the board of directors of Snowman Logistics Limited as an independent director.
Mr. Louis-Marie St-Maurice
Non-Executive Director
Mr. Louis-Marie St-Maurice joined CDPQ in April 2015 as Infrastructure VP Asset Management. Since August 2022, he acts as senior consultant within the CDPQ Infrastructure team where he focuses on road assets and platforms (mostly in Mexico and India). Over his career, which he has pursued in Canada and the United States, Mr. St-Maurice has acquired more than 40 years of experience in infrastructure project development & in asset management activities. Before joining CDPQ, he was a senior executive of large companies involved in transportation & energy infrastructure. In particular, he was Chief Financial Officer at 407 International and Astoria Energy, Vice-President, Investment at SNC-Lavalin, President and Chief Executive Officer at Bucksport Energy and Vice-President, Development at MEG Energy. He also exercised management functions at Novergaz, GazPlus and Gaz Métro. He has held, and continues to hold Board seats on numerous companies.
Mr. Louis-Marie St-Maurice holds a degree in civil engineering from University of Ottawa, and obtained an MBA specialized in project management as well as a graduate diploma in oil company management from HEC Montréal.
Mr. Louis-Marie St-Maurice holds a degree in civil engineering from University of Ottawa, and obtained an MBA specialized in project management as well as a graduate diploma in oil company management from HEC Montréal.
Ms. Seema Gupta
Non-Executive Independent Director
Ms. Gupta is a leading power transmission expert with 40 years of experience in varied facets of the Power sector, from concept to delivery, in premier PSUs such as Power Grid and NTPC. She has worked at Power Grid, retiring as the COO in May 2022. Her roles at Power Grid span Corporate Governance, Technical Operations, Finance, Marketing and Project Management. She has been a member of CIGRE (the International Council on Large Electric Systems) since 2014, having held the positions of Chairperson and Vice President. She has also been a member of the IEEE (Institute of Electrical and Electronics Engineers).
Ms. Seema Gupta holds a Post Graduate Diploma in Management, the Institute of Management Technology, Ghaziabad and Bachelor of Engineering, Delhi College of Engineering.
Ms. Seema Gupta holds a Post Graduate Diploma in Management, the Institute of Management Technology, Ghaziabad and Bachelor of Engineering, Delhi College of Engineering.
Ms. Shalini Kamath
Non-Executive Independent Director
Ms Shalini Kamath has close to three decades of work experience in three distinct fields – Human Resources, Business Development and Social & Community Development and across two continents – India and Africa. She is a certified and practicing ‘CEO & Leadership Coach‘.
Ms Kamath’s Human Resources (HR) career spans close to a decade and half with Group HR Head positions for Chevron Texaco India, Star India, KPMG India and Ambit Holdings. She was a key member of the Executive Leadership Team in each of her assignments. She was a ‘Strategic Partner’ to the businesses in providing business linked people solutions through change, renewal and transformation. In addition, her role in managing the corporate communications function at Ambit Holdings has given her the experience in building a strong corporate brand, both externally and internally.
Prior to her roles in HR, Ms Kamath was the Deputy Marketing Director at Raytheon India. She began her working career in Zambia and Botswana. Over a decade, she worked with the Governments of both the countries on several educational and social & community development projects. She acquired extensive experience in tripartite partnership projects related to community-oriented income generation programs.
Ms Kamath is an MBA graduate from Edinburgh Business School, UK. She has been trained at Harvard Business School in change and transformation. She is an alumnus of CSC Global leadership program and a certified Zenger Folkman Leadership4you trainer & facilitator.
Ms Kamath’s Human Resources (HR) career spans close to a decade and half with Group HR Head positions for Chevron Texaco India, Star India, KPMG India and Ambit Holdings. She was a key member of the Executive Leadership Team in each of her assignments. She was a ‘Strategic Partner’ to the businesses in providing business linked people solutions through change, renewal and transformation. In addition, her role in managing the corporate communications function at Ambit Holdings has given her the experience in building a strong corporate brand, both externally and internally.
Prior to her roles in HR, Ms Kamath was the Deputy Marketing Director at Raytheon India. She began her working career in Zambia and Botswana. Over a decade, she worked with the Governments of both the countries on several educational and social & community development projects. She acquired extensive experience in tripartite partnership projects related to community-oriented income generation programs.
Ms Kamath is an MBA graduate from Edinburgh Business School, UK. She has been trained at Harvard Business School in change and transformation. She is an alumnus of CSC Global leadership program and a certified Zenger Folkman Leadership4you trainer & facilitator.
Mr. Anil Chaudhry
Non-Executive Independent Director
Mr. Chaudhry is a transformative business leader with over four decades of experience. He has been a strong votary of Sustainability, Energy Efficiency, Diversity and Inclusion.
Mr. Chaudhry was the Founding CEO & Managing Director of Schneider Electric India Pvt. Ltd (SEIPL), an entity formed through the merger of Schneider Electric India’s Low Voltage and Industry Automation business with L&T’s Electrical and Automation business. From 2013 to 2023, he held the position of Managing Director and Zone President of Schneider Electric, Greater India. Prior to this, he was the Senior Vice President, Global Sales Organization, Infrastructure Business and a member of the Leadership Team in Paris. In his over 40 years of experience, Mr. Chaudhry has held leadership positions in management, operations, sales, strategy and business development with Global responsibility based out of Europe and India.
Mr. Chaudhry champions the cause of energy efficient and green technologies and has done substantial work worldwide with a focus on infrastructure development, sustainability & climate change, access to energy and skill development. Mr. Chaudhry is extremely passionate towards promoting diversity & inclusion and has championed initiatives throughout his career towards this. Mr. Chaudhry also serves on the Board of Crompton Greaves Consumer Electricals Ltd and Titan Company Limited as an independent director and as a non-executive non-independent director of Schneider Electric Infrastructure Ltd.
Mr. Chaudhry is an engineering graduate from Thapar Institute of Engineering and Technology, Patiala. He further pursued Executive Management Programs from Harvard Business School, Stanford Business School and INSEAD.
Mr. Chaudhry was the Founding CEO & Managing Director of Schneider Electric India Pvt. Ltd (SEIPL), an entity formed through the merger of Schneider Electric India’s Low Voltage and Industry Automation business with L&T’s Electrical and Automation business. From 2013 to 2023, he held the position of Managing Director and Zone President of Schneider Electric, Greater India. Prior to this, he was the Senior Vice President, Global Sales Organization, Infrastructure Business and a member of the Leadership Team in Paris. In his over 40 years of experience, Mr. Chaudhry has held leadership positions in management, operations, sales, strategy and business development with Global responsibility based out of Europe and India.
Mr. Chaudhry champions the cause of energy efficient and green technologies and has done substantial work worldwide with a focus on infrastructure development, sustainability & climate change, access to energy and skill development. Mr. Chaudhry is extremely passionate towards promoting diversity & inclusion and has championed initiatives throughout his career towards this. Mr. Chaudhry also serves on the Board of Crompton Greaves Consumer Electricals Ltd and Titan Company Limited as an independent director and as a non-executive non-independent director of Schneider Electric Infrastructure Ltd.
Mr. Chaudhry is an engineering graduate from Thapar Institute of Engineering and Technology, Patiala. He further pursued Executive Management Programs from Harvard Business School, Stanford Business School and INSEAD.
Mr. V.S. Parthasarathy
Non-Executive Independent Director
“Mr. V.S. Parthasarathy has over 35 years of rich experience wherein he has successfully led businesses, functions, organization transformations and over 125 M&A transactions. He is on the board of several listed and unlisted companies. He is an Independent Director on Life Insurance Corporation (LIC), NIIT and Cloudnine Hospitals to mention a few. He carries out a number of philanthropic activities for women’s empowerment through education, employment and entrepreneurship initiatives of SEWA (Self Employed Women’s Association). He has rich experience in the areas of Organizational Transformation, Leadership, Strategic Planning, Finance, International Operations.
Mr. V. S. Parthasarathy has received Lifetime Achievement Awards for his CFO and CIO roles, as also the Business World - Yes Bank Hall of Fame Award; Best CFO of India Award by IMA Corporate Excellence Awards; Digital Icon of India Award by HPE; and CIO 100 – Hall of Fame by CIO after winning the awards for four consecutive years.
He is a fellow member of the Institute of Chartered Accountants of India and had qualified from the Institute of Chartered Accountants in England and Wales. Mr. Parthasarathy holds a bachelor’s degree in commerce from Gujarat University has done Advance Management Program from Havard Business School and did doctorate in Management Studies from University of Mumbai in 2022.”
Mr. V. S. Parthasarathy has received Lifetime Achievement Awards for his CFO and CIO roles, as also the Business World - Yes Bank Hall of Fame Award; Best CFO of India Award by IMA Corporate Excellence Awards; Digital Icon of India Award by HPE; and CIO 100 – Hall of Fame by CIO after winning the awards for four consecutive years.
He is a fellow member of the Institute of Chartered Accountants of India and had qualified from the Institute of Chartered Accountants in England and Wales. Mr. Parthasarathy holds a bachelor’s degree in commerce from Gujarat University has done Advance Management Program from Havard Business School and did doctorate in Management Studies from University of Mumbai in 2022.”
Mr. Niraj Kumar Murarka
Unitholder Nominee Director (Non-Executive)
Mr. Niraj Kumar Murarka is Chief Investment Officer (Real Assets) of 360 ONE Alternates Asset Manager, a wholly-owned subsidiary of 360 ONE Wealth, earlier known as IIFL Wealth. He possesses more than two decades of experience in structured finance, corporate finance, project finance, treasury, M&A, credit risk underwriting & management.
He joined the firm in 2016 and set up the credit underwriting & monitoring process, operations and treasury for the NBFC business under 360 ONE Wealth. Prior to 360 ONE Wealth, Mr. Niraj Kumar Murarka was associated with HCL Tech in various leadership roles and Indian Oil Corporation in the project finance division.
Mr. Niraj Kumar Murarka is a rank-holder Chartered Accountant, Company Secretary and MBA in Finance from Faculty of Management Studies, Delhi University
He joined the firm in 2016 and set up the credit underwriting & monitoring process, operations and treasury for the NBFC business under 360 ONE Wealth. Prior to 360 ONE Wealth, Mr. Niraj Kumar Murarka was associated with HCL Tech in various leadership roles and Indian Oil Corporation in the project finance division.
Mr. Niraj Kumar Murarka is a rank-holder Chartered Accountant, Company Secretary and MBA in Finance from Faculty of Management Studies, Delhi University
Mr. Chirdeep Bagga
Non-Executive Director
Mr. Chirdeep Bagga is a Managing Director in CDPQ’s Delhi office is responsible for CDPQ’s infrastructure activities in India. In his role, he oversees a team of investment professionals, manages a diversified investment portfolio that includes renewable energy, transmission lines, toll roads and leads new investment activities.
He has over 18 years of infrastructure experience in investing and corporate finance. Before joining CDPQ in 2024, he worked at ADIA from 2022 to 2024, where he was responsible for leading investments and asset management across the Asian transport, energy and digital infrastructure sectors, with a primary focus on India. He worked as a Senior Director at CDPQ from 2018 to 2022, and prior to that spent time working at JP Morgan and IDFC in India, and Macquarie in Singapore.
Mr. Bagga holds an MBA from the Indian Institute of Management (IIM) Ahmedabad and completed his undergraduate degree in business studies from Delhi University.
He has over 18 years of infrastructure experience in investing and corporate finance. Before joining CDPQ in 2024, he worked at ADIA from 2022 to 2024, where he was responsible for leading investments and asset management across the Asian transport, energy and digital infrastructure sectors, with a primary focus on India. He worked as a Senior Director at CDPQ from 2018 to 2022, and prior to that spent time working at JP Morgan and IDFC in India, and Macquarie in Singapore.
Mr. Bagga holds an MBA from the Indian Institute of Management (IIM) Ahmedabad and completed his undergraduate degree in business studies from Delhi University.
Mr. Nishchal Jain
Non-Executive Director
Nishchal Jain has around 12 years of experience across investing, asset management and investment banking with ~9 yrs of experience in infrastructure investment.
He is currently Director, Infrastructure at CDPQ India. Prior to joining CDPQ in 2017, he worked with JP Morgan’s Asian Infrastructure Fund. He holds PGDM (Finance) degree from MDI Gurgaon and B.Tech degree from IIT Roorkee.
He is currently Director, Infrastructure at CDPQ India. Prior to joining CDPQ in 2017, he worked with JP Morgan’s Asian Infrastructure Fund. He holds PGDM (Finance) degree from MDI Gurgaon and B.Tech degree from IIT Roorkee.
Mr. Amar Merani
Unitholder Nominee Director (Non-Executive)
Amar Merani is the Chief Investment Officer (CIO) and Head of Real Assets at 360 ONE Asset, earlier known as IIFL Asset Management. Amar is responsible for the strategy, AUM growth and investments of the Real Assets business.
He leads all new fund raises, handles investor interactions, leads the team on deal selection, asset monitoring and exit strategy of Real Assets. Recently, he has also led the launch and successful fund raise of 360 ONE’s first equity fund for Infrastructure platform investments, with InvITs and infrastructure investments as the underlying theme.
Prior to joining 360 ONE Asset in 2021, Amar was the CEO of Xander Finance, which made over 55 investments in Real Estate and Private Credit in his 9-year tenure.
Prior to joining Xander, Amar spent 11 years at Kotak Investment Banking where, as Executive Director and Real Estate Head, he raised over USD $1 billion of equity for several of India’s topmost real estate developers as well as advised them successfully on M&A and restructuring mandates.
Amar is an active member in several infrastructure and real estate industry associations including APREA, GRI, IVCA and Naredco. He is an alumnus of VJTI, BE Electrical (Hons) and is an MBA from NMIMS Mumbai.
He leads all new fund raises, handles investor interactions, leads the team on deal selection, asset monitoring and exit strategy of Real Assets. Recently, he has also led the launch and successful fund raise of 360 ONE’s first equity fund for Infrastructure platform investments, with InvITs and infrastructure investments as the underlying theme.
Prior to joining 360 ONE Asset in 2021, Amar was the CEO of Xander Finance, which made over 55 investments in Real Estate and Private Credit in his 9-year tenure.
Prior to joining Xander, Amar spent 11 years at Kotak Investment Banking where, as Executive Director and Real Estate Head, he raised over USD $1 billion of equity for several of India’s topmost real estate developers as well as advised them successfully on M&A and restructuring mandates.
Amar is an active member in several infrastructure and real estate industry associations including APREA, GRI, IVCA and Naredco. He is an alumnus of VJTI, BE Electrical (Hons) and is an MBA from NMIMS Mumbai.
2023-06-15
2022-06-23
2022-10-15
Audit Committee
Mr. Anup Vikal
Chief Executive Officer
Chief Executive Officer
Mr. Muraleemohan M
Independent Director
Chief Operating Officer
Mr. Varun Mehta
Non-Executive Non-Independent Director
Chief Financial Officer
Mr. Abhishek Arora
Independent Director
VP (Business Development & Strategy)
Mrs. Chandrani Sen
Independent Director
Chief Human Resource Officer
2023.06.22
Ethan Patel
Founder and Real Estate Analyst
Ethan Patel
Founder and Real Estate Analyst
Ethan Patel
Founder and Real Estate Analyst
Ethan Patel
Founder and Real Estate Analyst
Ethan Patel
Founder and Real Estate Analyst
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