Corporate Governance at CleanMax

At CleanMax, governance is more than compliance - it’s a core pillar of how we operate. We’re committed to ethical leadership, risk management, and stakeholder trust.
Governance Framework

Board Committees at a Glance

Kuldeep Jain
Founder and Managing Director

Mr. Jain is the Founder and Managing Director of CleanMax, and a leading force in Asia’s clean energy transition. An alumnus of IIM Ahmedabad, a Chartered Accountant, and a former Global Partner at McKinsey and Company, he brings deep expertise in energy and finance. Under his leadership, CleanMax has grown into a market leader across India, the Middle East, and Southeast Asia, accelerating net-zero journeys for global corporates. Recognised by ET, Forbes, and IIM for his contributions, Kuldeep continues to shape the future of sustainable business with clarity, scale, and impact.

Pratap Jain
Director

Pratap Jain brings rich operational experience from the apparel and textile sector. As a former senior leader at the Raymond Group, he has led large teams and scaled business operations. A Chartered Accountant by qualification, Pratap contributes financial clarity and operational foresight to the CleanMax board.

Santosh Janakiram Iyer
Head of Carbon Investments and Trading

Mr. Santosh Janakiram is a Senior Partner & Member of the Partnership Council at Cyril Amarchand Mangaldas (“CAM”) and previously was a partner in Amarchand & Mangaldas & Suresh A. Shroff & Co. (AMSS), India’s largest and foremost law firm. Mr. Janakiram was admitted to the Bar after receiving his B.A. LLB (Hons.) degree from the National Law School of India University in Bangalore, and has worked with AMSS/CAM’s Mumbai office since 2001. Mr. Janakiram has rich and in depth experience in construction, projects, project financing, structured financing, acquisition financing, banking, debt capital markets and private equity. He represents developers, sponsors, lenders and is involved in various infrastructure sectors, including renewable energy, construction, transportation and mining. He has spearheaded the development of the renewable energy practice at the Firm and has been involved in the development of the transition and sustainable energy practice.

Dhruv Jain
Head of Business Development

Ms. Shilpa is an accomplished professional with over 29 years of experience, beginning her career in consulting and successfully transitioning to leadership roles in the dynamic agribusiness and food sectors. She has worked for prestigious organizations including Arthur Andersen, KPMG, Bunge Agribusiness, Monsanto, and Bayer CropScience, steadily advancing through roles of increasing responsibility. At Bayer CropScience, Ms. Shilpa led Strategy and Commercial Excellence for the Asia-Pacific region and co-led the Global Smallholder Strategy. She has also served as the CEO and Managing Director of Monsanto India driving key business initiatives and overseeing operations. Ms. Shilpa was the Head of Strategy & Business Development at Bunge India a leading US-based multinational in the oilseeds, commodity trading, and food sectors. 

Ms. Shilpa currently serves as an Independent Director on the boards of AstraZeneca Pharma India Limited and GMM Pfaudler India Limited, and as a Non-Executive Director at Grow Indigo Private Limited. 

She is also the Co-founder of AGVAYA LLP, a consulting firm focused on the agriculture and food value chain. She holds a postgraduate degree in Commerce and is a qualified Chartered Accountant, Cost Accountant, and MBA.

Pooja Aggarwal
Nominee Director

Ms. Pooja Aggarwal is a Chartered accountant by profession with 25+ years of diversified experience across industries such as Power and energy, infrastructure, IT, ITES across various countries and cultures (US, Latin America, UK, Japan, India, and Australia).

Her experience includes managing Board relationships, fund raising, equity raise, mergers and acquisitions, business partnering, finance, accounting, reporting, procurement and legal and secretarial.

Deepali Bahl
Nominee Director

Deepali Bahl is a Managing Director at Augment Infrastructure, bringing over two decades of global private equity and infrastructure investing experience. Her past leadership roles at IFC, PineBridge, and AIG—spanning Washington, D.C., Hong Kong, and Singapore — add a global perspective to CleanMax’s board. She is an alumna of IIM Bangalore.

Nawal Saini
Nominee Director

As Managing Director at Brookfield India, Nawal Saini oversees all renewable power investments across the region. With nearly two decades in investing, he has led transactions at CDPQ, JP Morgan’s Asian Infrastructure Fund, and Jacob Ballas. Nawal’s academic background includes a degree in Mathematics from the University of Delhi and an MBA from MDI Gurgaon.

Darius Lilaoonwala
Nominee Director

Darius Lilaoonwala is a Founding Partner at Augment Infrastructure.

He has 20+ years of investing in infrastructure globally and was the Co-head, US$1.2 billion IFC Global Infrastructure Fund (2012- 2019). He was the Co-author of IFC’s ESG guidelines for power (2007-2008) and is a Member of EMPEA’s Infrastructure and Energy Council.

He is an alumnus of St. Xavier’s College, Kolkata and has an MBA from Wharton.

Krishna Iyer
Nominee Director

Krishna Iyer is the Senior Vice President within BAM India Group responsible for investment for Renewable Power and Transition investments in India.

Krishna Iyer joined Brookfield in 2018 and has around 13 years of experience working in the Renewables sector. Prior to joining Brookfield, Krishna worked previously with SunEdison and TerraForm Global where he was responsible for Corporate Development and Project Financing across multiple markets in India, South East Asia and Australia.

He holds a B. Tech in Electrical and Electronics Engineering from National Institute of Technology, Trichy and completed his Post Graduate Diploma in Management from Indian Institute of Management, Ahmedabad.

Tanya Mehta
Nominee Director

A legal expert with a transactional edge, Tanya Mehta has over 15 years of experience across various sectors, including energy, real estate, and infrastructure. Before Brookfield, she spent eight years with Trilegal, Delhi, focusing on M&A and corporate law. Tanya holds degrees from Lady Shri Ram College and the Campus Law Centre of the University of Delhi.

Sridhar Rengan
Nominee Director

Sridhar Rengan is a Senior Vice President within BAM India Group responsible for Corporate Finance activities including financing requirements for investments across platforms.

Sridhar Rengan joined Brookfield India in 2014, and has held various positions within the Company and its affiliates. Prior to joining Brookfield, Mr. Rengan has held various senior level positions over the last two decades in various business groups spanning from Real estate, infrastructure to consumer goods products.

He is a Commerce graduate from the University of Calcutta and is also completed his post-graduation in Law from the same University. He is also a Member of the Institute of Cost Accountants of India and the Institute of Company Secretaries of India.

Murzash Manekshana
Nominee Director

Murzash Manekshana leads asset management for Brookfield’s renewable and transition platforms in India. Since 2021, he has driven performance and value across multiple verticals. With over 25 years of experience in leadership and entrepreneurship, he has built and scaled businesses across various industries. He is a Chartered Accountant and a Commerce graduate from the University of Mumbai.

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Committee of Independent Directors

Ms. Shilpa Divekar Nirula

Member

Mr. Santosh Janakiram Iyer

Member

Mr. Ajay Kaul 

Member

Mr. Arijit Basu 

Member

Risk Management Committee

Mr. Arijit Basu 

Member

Mr. Kuldeep Jain 

Member

Mr. Murzash Manekshana 

Member 

Initial Public Offering Committee

Mr. Kuldeep Jain 

Member

Mr. Nawal Saini 

Member

Corporate Social Responsibility Committee

Mr. Kuldeep Jain 

Member

Mr. Pratap Jain 

Member

Mr. Ajay Kaul 

Member

Mr. Arijit Basu 

Member

Audit Committee

Ms. Shilpa Divekar Nirula

Chairperson 

Mr. Santosh Janakiram Iyer

Member

Mr. Kuldeep Jain 

Member

Nomination and Remuneration Committee 

Mr. Ajay Kaul 

Chairperson 

Mr. Murzash Manekshana 

Member 

Mr. Arijit Basu 

Member

Stakeholder Relationship Committee

Mr. Santosh Janakiram Iyer 

Chairperson

Mr. Kuldeep Jain 

Member

Mr. Nawal Saini 

Member

Committee of Independent Directors

Ms. Shilpa Divekar Nirula

Member

Mr. Santosh Janakiram Iyer

Member

Mr. Ajay Kaul 

Member

Mr. Arijit Basu 

Member

Risk Management Committee

Mr. Arijit Basu 

Member

Mr. Kuldeep Jain 

Member

Mr. Murzash Manekshana 

Member 

Initial Public Offering Committee

Mr. Kuldeep Jain 

Member

Mr. Nawal Saini 

Member

Corporate Social Responsibility Committee

Mr. Kuldeep Jain 

Member

Mr. Pratap Jain 

Member

Mr. Ajay Kaul 

Member

Mr. Arijit Basu 

Member

Audit Committee

Ms. Shilpa Divekar Nirula

Chairperson 

Mr. Santosh Janakiram Iyer

Member

Mr. Kuldeep Jain 

Member

Nomination and Remuneration Committee 

Mr. Ajay Kaul 

Chairperson 

Mr. Murzash Manekshana 

Member 

Mr. Arijit Basu 

Member

Stakeholder Relationship Committee

Mr. Santosh Janakiram Iyer 

Chairperson

Mr. Kuldeep Jain 

Member

Mr. Nawal Saini 

Member
committe member pfp
Kuldeep Jain
Managing Director

Mr. Kuldeep Jain, a visionary leader and the driving force behind CleanMax, has fundamentally transformed the sustainability landscape in Asia, accelerating the decarbonization journey for progressive industries. He founded CleanMax with a vision to lead the transition to clean energy in the commercial and industrial sector and under his leadership, the company has grown exponentially. With a distinguished background as an IIM Ahmedabad alumnus, Chartered Accountant, and a former Global Partner at McKinsey & Company, where he headed the energy and corporate finance division, Kuldeep's expertise has been instrumental in driving CleanMax's extraordinary growth.

His strategic acumen, environmental stewardship, and dynamic leadership have propelled the company to a leading position, across India, the Middle East, and South-East Asia. Under his guidance, CleanMax has become the preferred partner for corporations pursuing sustainability and Net-Zero goals. His ab

Mr. Kuldeep Jain, a visionary leader and the driving force behind CleanMax, has fundamentally transformed the sustainability landscape in Asia, accelerating the decarbonization journey for progressive industries. He founded CleanMax with a vision to lead the transition to clean energy in the commercial and industrial sector and under his leadership, the company has grown exponentially. With a distinguished background as an IIM Ahmedabad alumnus, Chartered Accountant, and a former Global Partner at McKinsey & Company, where he headed the energy and corporate finance division, Kuldeep's expertise has been instrumental in driving CleanMax's extraordinary growth.

His strategic acumen, environmental stewardship, and dynamic leadership have propelled the company to a leading position, across India, the Middle East, and South-East Asia. Under his guidance, CleanMax has become the preferred partner for corporations pursuing sustainability and Net-Zero goals. His ab

Mr. Kuldeep Jain, a visionary leader and the driving force behind CleanMax, has fundamentally transformed the sustainability landscape in Asia, accelerating the decarbonization journey for progressive industries. He founded CleanMax with a vision to lead the transition to clean energy in the commercial and industrial sector and under his leadership, the company has grown exponentially. With a distinguished background as an IIM Ahmedabad alumnus, Chartered Accountant, and a former Global Partner at McKinsey & Company, where he headed the energy and corporate finance division, Kuldeep's expertise has been instrumental in driving CleanMax's extraordinary growth.

His strategic acumen, environmental stewardship, and dynamic leadership have propelled the company to a leading position, across India, the Middle East, and South-East Asia. Under his guidance, CleanMax has become the preferred partner for corporations pursuing sustainability and Net-Zero goals. His ab

Corporate Governance policies disclosure
Audit Committee
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CSR Committee
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NRC Committee
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Project Monitoring and Finance Committee
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CleanMax Enviro Energy Solutions Limited

CleanMax
Registered Office

CIN - U93090MH2010PLC208425

Queries or Investor Grievances

Mr. Ullash Parida

Vistra ITCL (India) Limited - 6th Floor, The IL&FS Financial Centre, Plot No. C–22, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051

Company Secretary and Compliance Officer

Mr. Ullash Parida

Vistra ITCL (India) Limited - 6th Floor, The IL&FS Financial Centre, Plot No. C–22, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051

Debenture trustees

Mr. Krunal Shah
Vistra ITCL (India) Limited - 6th Floor, The IL&FS Financial Centre, Plot No. C–22, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051