Academic Qualifications Chartered Accountant, Graduate in Law, Company
Secretary and Graduate in Commerce
(Included in the Merit List at all levels including all
India First rank)
Certificate course in Alternate Dispute Resolution
(ADR) by the Institute of Chartered Accountants of
India (ICAI)
Certificate course in Insolvency & Bankruptcy Code
by ICAI and Pravin Gandhi College of Law
Work Experience
Summary
• Forty Three (43) years of management experience in different business and
professional areas like Manufacturing, Private Equity, Venture Capital, Investment
Banking and Alternate Dispute Resolution.
• Last Twenty (20) years as CEO & Director of Grauer & Weil (India) Ltd., a listed
Company with multi-division, multi-location and global operations.
• In the 20 years of tenure as CEO of Grauer & Weil, its business divisions grew
from 2 to 5, Annual Revenues multiplied 10 times; PAT grew 30 times and Market
Capitalisation multiplied 225 times.
• In manufacturing area - have worked in several business verticals - chemicals,
engineering, paints, industrial oils, development and management of malls, organic
herbal products, tyres, pesticides, steel wires & wire rods and textile processing.
• In Private Equity and Venture Capital areas – have experience of full cycle from
putting together a team, raising funds, investing, managing, divesting and return of
investor capial.
• Have resolved 23 commercial disputes by acting as Sole Arbitrator
Detailed Work Experience
From May 1998 till September 2022 (with a break between 2008-11)
• Chief Executive Officer & Director of Grauer & Weil (India) Ltd. (G&W), a
65 year old, listed Company with sale turnover of Rs. 8 billion. G&W has an
unbroken record of dividends for last 45 years, is debt-free, has cash-surplus,
enjoys a market capitalization of Rs. 22 billion and employs about 1400
people.
• G&W has five business verticals viz. surface finishing chemicals; surface
finishing and effluent treatments plants; industrial paints; industrial lubricants
and shoppertainement Mall (4.5 lakh sq. ft. built-up area). All business
divisions are profitable.
• In the first two segments viz. chemicals and plants, G&W is an undisputed
market leader in India for over four decades in the face of competition from
Indian operations of all the global leaders. Apart from the strong hold over
domestic market, it is also an exporter with market presence in over 40
countries and offices in two.
• The Paints and Mall divisions were loss making till 2015. Both have been
turnaround so that the Mall is now contributing 25% of the profits of the
Company and the Paints business is growing at the rate of 35% CAGR. Both
divisions are undergoing large expansions in capacity.
• Responsibilities included strategic and policy direction, overall supervision of
the business of the group, strategic planning and development of new
businesses and investments and providing leadership to a very competent and
experienced team of professional managers.
• In my 20 years of tenure as CEO of Grauer & Weil, its business divisions grew
from 2 to 5, Annual Revenues multiplied 10 times; PAT grew 30 times and
Market Capitalisation multiplied 225 times. Have steered the Group’s foray
into shoppertainment and lubricants businesses; turnaround of the Paints
business; acquisition of an engineering business, and divestment of softdrink
bottling business and hydel power project.
From May 1991 to May 1998
• Co-founder and Senior Vice President (Venture Capital) of Pathfinder
Investment Company P. Ltd (formerly IL&FS Venture Corporation).
Pathfinder was the Indian advisor to India Private Equity Fund (IPEF)
Mauritius, a $ 140 Mn. Private Equity Fund sponsored by Oppenheimer & Co,
Inc., USA and Chase Manhattan Bank, USA and guaranteed by OPIC, USA.
• Pathfinder was also the Manager of IL&FS Venture Fund (IVF), a Rupees 405
Million fund sponsored by IL&FS, HDFC, IDBI, UTI and World Bank.
• Responsibilites included setting up of Pathfinder, negotiating of strategic
investment in Pathfinder by an Oppenheimer & Co., recruitment and training
of team members, fund raising of both Funds, formulating of investment and
divestment strategies, sourcing investment opportunities, screening of over 500
business proposals covering several industry segments, detailed "Due-
diligence" of over 100 business proposals, presentations to the Investment
Committees of both the Funds for approval, investment in twenty ventures,
structuring of deals, monitoring of the investments, served on the Board of 12
investee companies, divestment of eight investments, all at a profit - IRR
ranging from 18% to 54%. Weighted Average Return - 31% p.a.,
From May 1984 to May 1991
• Financial Controller, CEAT Ltd., then the second largest manufacturer of
automotive tyres, glass fiber and nylon. The flagship of "RPG Enterprises", a
Rupees 40 billion conglomerate comprising 20 companies.
• Tasks handled included managing of treasury and corporate finance functions,
raising and managing the requisite financial resources for growth in turnover of
the company from Rupees 1.5 billion to Rupees 6 billion over seven years,
raising Rupees 3 billion from shareholders by issue of shares and convertible
debentures, raising US$ 25 million as loan syndicated by Sanwa Bank, Hong
Kong, transforming finance function from a service center to a profit center,
led the negotiation for acquisition of 800 Mw Thermal Power generating plant
from Government of India, negotiated and finalized joint ventures and
collaborations with foreign firms for engineering products, petro-chemicals,
industrial electronics and telecommunication products, designed and helped
implement the turnaround strategy for a sick electronics company belonging to
the Group and its merger with CEAT Ltd.
From August 1981 to May 1984
• Company Secretary, Special Steels Ltd., the largest manufacturer of steel
billets, wire rods and wires. Jobs handled included all corporate and legal
affairs of the company, managed issue of capital to shareholder, raised long
term debt for backward integration of the company's business into manufacture
of wire rods and steel billets, designed and negotiated a financial package for turn-around of the operations of the company comprising raising of long term
financial resources, re-negotiation of terms with lenders and roll-over of long
term debt.
From December 1979 to August 1981
• Financial Controller-cum-Company Secretary, New Shakti Dye Works Pvt
Ltd. The responsibilities included management of all financial, legal, corporate
and commercial affairs of three companies in the Group
Other Interests
• Trained teacher of Yoga
• Student of Ayurveda
• Student of Vedanta
• Keen observer of nature and wildlife
VINOD HARITWAL
ARBITRATION – Empanelment & Memberships
Memberships:
- Fellow Member of the Institute of Chartered Accountants of India
- Fellow Member of the Indian Dispute Resolution Council (IDRC)
- International Council of Online Dispute Resolution, USA (ICODR)
- New York International Arbitration Center, USA (NYIAC)
- The Grain and Feed Trade Association, UK (GAFTA)
Registered as Arbitrator with:
- London Court of International Arbitration (LCIA)
- Singapore International Arbitration Centre (SIAC)
- The Arbitration and Dispute Resolution Institute of Oslo Chamber of Commerce
- Arbitration Institute of the Stockholm Chamber of Commerce (SCC)
- WIPO Arbitration and Mediation Center, Switzerland
- Thai Arbitration Institute (TAI)
- Delos Dispute Resolutions, France
- Centre for Alternate Dispute Resolution Excellence, India (CADRE)
- Presolve360, India
- Indian Dispute Resolution Centre, India (IDRC)
- Centre for Resolution of Disputes, India (CORD)
Registration as Arbitration under process with:
- Chartered Institute of Arbitrators (CIArb), UK
- Belgrade Arbitration Center, Serbia (BAC)
- Vienna International Arbitration Centre, Austria (VIAC)
- Saudi Center for Commercial Arbitration, Saudi Arabia (SCCA)
- Madrid International Arbitration Center, Spain (MIAC)
- Arbitration Court attached to the Economic Chamber of the Czech Republic and Agricultural
Chamber of the Czech Republic (CAC)
- The Exchange Court of Arbitration at Prague Stock Exchange, Czech Republic (PSEAC)
- Chamber of Conciliation, Mediation and Arbitration, Brazil (CIESP)
- Arbitration & Mediation Centre at World Intellectual Property Organization
- Beijing Arbitration Commission – Beijing International Arbitration Center, China (BJAC)
- Centro de Arbitraje de la Cámara de Comercio de Lima, Peru (CCL)
- Court of Arbitration at the Polish Chamber of Commerce in Warsaw, Poland (SAKIG)
- Nepal International ADR Centre
- Maldives International Arbitration Centre (MIAC)
- Câmara de Mediação e Arbitragem Empresarial – Brasil (CAMARB)
- Qatar International Center for Conciliation and Arbitration (QICCA)
- The Chamber of Commerce Brazil-Canada (CAM-CCBC)
- International Court of Arbitration Foundation of South Africa (AFSA)
- Court of Arbitration for Sport, Switzerland
- International Arbitration Centre (IAC)
- Indian Council of Arbitration, India
- Indian Merchants Chamber, India
- Cotton Association of India (CAI)
- Construction Industry Arbitration Council, India (CIAC)
- Kanara Chamber of Commerce & Industry, India (KCCI)