Board of Directors

Lakshmi Venkatachalam

Independent Director

Ms. Lakshmi Venkatachalam, has over three decades of experience in the public sector and in development banking. She joined the Indian Administrative Service (IAS) in 1978 and held many senior management positions in the areas of District Administration, Public Works, Agriculture (Commodities) Urban Development, Industry and Commerce, Planning and Program Implementation and Shipping. Some of the important senior positions she held in the State Government of Karnataka included, Commissioner of the Bangalore Development Authority, Principal Secretary in the departments of Industry, Urban Development, Planning and Program Implementation. Her assignments in the Government of India were in the capacity of Director, Ministry of Steel, Chairperson Coffee Board of India, and Director General of Shipping and ex-officio Additional Secretary to the Government of India. From 2010 to 2015, Ms. Venkatachalam served in the Asian Development Bank (ADB), Manila, as the first Vice President for Private Sector and Co-financing Operations. In this capacity, she was entrusted with overall responsibility to lead and manage ADB’s private sector operations in the Asia Pacific region. She was also responsible for building and strengthening co-financing partnerships with various official and commercial co-financiers, with a view to mobilising investment capital for public and private sector projects. After her retirement from public service, Ms. Venkatachalam is engaged in various capacities, including being an independent director on boards of companies. She holds a Master of Arts Degree in Economics and a Master of Business Administration Degree from Boston University, USA. She also holds a Master of Arts Degree in English Literature from Jadavpur University, Calcutta, India.