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
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
Non-Executive 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
Non-Executive Independent Director

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.

Shilpa Divekar Nirula
Non-Executive Independent Director

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.

Murzash Manekshana
Non-Executive 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.

Nawal Saini
Non-Executive Director

Nawal Saini is the Managing Director within Brookfield Asset Management India Group. In this role he is responsible for all Renewable Power investments in the region.

Mr. Saini has over 18 years of investing and financial services experience. Prior to joining Brookfield, Mr. Saini worked briefly with CDPQ and with JP Morgan’s Asian Infrastructure Fund for over 6 years, overseeing investments and asset management in the infrastructure, and power space. Prior to JP Morgan, he was part of Jacob Ballas, A New York Life sponsored sector agnostic private equity fund. Mr. Saini started his career as a banker with SBI Capital Markets and ABN Amro Bank.

Mr. Saini holds a BSc (H) Mathematics degree from University of Delhi, and completed his MBA from Management Development Institute, Gurgaon

Arijit Basu
Non-Executive Independent Director

Arijit Basu is an Independent Director on the Board of the Company. He holds a master’s degree in arts from the University of Delhi and has completed the course of Certified Associate of Indian Institute of Bankers. He has over 40 years of experience in the field of banking and financial services and was the managing director and whole-time director of State Bank of India (“SBI”). His career with the SBI group spanned 37 years from December 1983 to October 2020. He was deputed by SBI as the managing director and chief executive officer of SBI Life Insurance Company Limited from July 2014 to March 2018. After retirement from the SBI, he has been serving on the board of various companies and in advisory roles. Presently, he is a director on the board of Prudential plc, HDB Financial Services Limited and Peerless Hospitex and Hospital Research Centre Limited. He was appointed as a member of the advisory board of Razorpay Inc. and as a senior advisor to Ares SSG Capital Management (India) Private Limited and Ares Management Asia (Singapore) Pte. Limited, AZB & Partners and Deloitte Shared Services India LLP. He also serves as the chairman of the academic council of the college of supervisors of the Reserve Bank of India and is a member of the insurance advisory committee of the Insurance Regulatory and Development Authority of India.

Ajay Kaul
Non-Executive Independent Director

Ajay Kaul is an Independent Director on the Board of our Company. He holds a bachelor’s degree from Indian Institute of Technology, Delhi and post graduate diploma in management from XLRI, Jamshedpur. He has previously served as a chief executive officer and whole-time director of Jubilant FoodWorks Limited (Formerly known as Domino’s Pizza India Limited) and as a senior advisor of F&B Asia Management Pte. Ltd. (an entity controlled by Everstone group). He has several years of experience in the food and beverage industry. He is currently associated with Restaurants Brands Asia Limited as a director.

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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