Arun Duggal


Mr. Arun Duggal is Non-Executive Chairman of ICRA (A Subsidiary of Moody’s USA). He is also Non- Executive Chairman of J. B. Chemicals & Pharmaceuticals Limited. He is on the Board of Directors of ITC Limited (Chair of the Audit Committee), Lead - Independent Director of Dr. Lal PathLabs Ltd (Chair, the Nomination & Remuneration Committee) and ASK Automotive Limited (Chair- the Audit Committee). Mr. Duggal has also been Chairman and on the Board of other companies in India, Korea, Australia, Taiwan, Singapore, London and South Africa. Mr. Duggal had a 26-year career with Bank of America, mostly in New York, San Francisco, Hong Kong and Japan.

His last assignment was as Chief Executive of Bank of America in India. He is an experienced international Banker and has advised companies and financial institutions on Financial Strategy, M&A and Capital Raising. Mr Duggal is the Founder of ‘Arun Duggal Centre of Excellence for Research in Climate Change and Air Pollution (CERCA- https://cerca.iitd.ac.in) at the Indian Institute of Technology, Delhi, India. He is also the Co-Founder of the Yardi School of Artificial Intelligence (ScAI) at IIT Delhi. Mr Duggal is the Founder of the Centre of ESG Research Centre (CESGR) at IIM, Ahmedabad (https://www.iima.ac.in/esgcri). Mr. Duggal was also the Co-Chairman of the Indian Institute of Technology Endowment Fund. IITD Endowment Fund is India’s first alumni endowment fund by an educational institute. Mr. Duggal is a Trustee of Chennai Mathematical Institute (CMI). CMI is a Centre of Excellence for Teaching and Research in Mathematical Sciences. He is the Founder of the Women on Corporate Boards program in India. Women from this program are serving in over 250 corporate Board positions. A Mechanical Engineer from the prestigious Indian Institute of Technology, Delhi (recipient of the Distinguished Alumni Service Award), Mr Duggal holds an MBA from the Indian Institute of Management, Ahmedabad (recipient of Distinguished Alumni Award). Mr Duggal is a US national and a resident of India. A theatre enthusiast, he also plays tennis and enjoys trekking in the Himalayas. Mr. Duggal and his wife, Dr. Rita Duggal live in DLF Camellias, Gurugram and in Kasauli, Himachal Pradesh, India.