Management

Mr. Pradeep Mahalik

Managing Director

M. Tech (IIT Kgp), MBA, PGDSCM, LSSMBB (USA)

pradeep.mahalik@prazastinav.com

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There is no greater resource than our people, with their extraordinary collective talent, vision and experience.

Our seasoned and dynamic leadership team has a proven strategy to empower our engaged and motivated employees

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Mr Pradeep Mahhalik has a Bachelor’s Degree in “Electrical Engineering” and a Master’s Degree in “Quality & Reliability Engineering” from the Indian Institute of Technology,

Kharagpur, and is an MBA in Operations Management. He is also a Post Graduate Diploma in Supply Chain Management. Mr. Mahhalik is a Lean Six Sigma Master Black Belt from the USA with more than 25 Years of Industry Experience in Operational/Process Excellence, Lean/Six Sigma/Lean Six Sigma, Business Process Excellence, Quality Assurance, Reliability Engineering and Management, TQM and QMS from reputed Fortune 200 MNCs (DENSO, Saint-Gobain) and as well as Indian Conglomerates (Kirloskars, TATAs, SUZLON) of International Repute, wherein in his last industry assignment, was the Operational Excellence Head for 8 plants of Suzlon Energy Limited (India, USA, China). Prior to taking over the responsibility of Prazastinav Compositech Pvt Limited, Vadodara, Mr. Mahhalik founded a world-class composites industry which was one of the fastest-growing composites industries in India. He has extensive experience in the implementation of Business Excellence models such as the Tata Business Excellence Model – TBEM, based on the Malcolm Baldrige National Quality Award of the USA.
Mr. Mahhalik was also one of the Editorial Board Members of iSixSigma International Journal from the USA. Previously in his career, he served in a number of senior positions, including Chief Quality Officer (CQO) in most of occasions. With several International publications to his credit and extensive Industry experience, Mr. Mahhalik offers a winning combination of profound academic theory and proven practical solutions. Mr. Mahhalik would be responsible for Business Development, Complete Supply Chain, and Operations and would be responsible for the company’s product groups, corporate development, national and global sales, Joint Ventures including International alliances and associations and services, P&L, as well as marketing and product realization.

Responsibilities of the Board of Directors

The Board represents and is accountable to the shareholders of the company. The Board’s responsibilities are active, not passive, and include the responsibility regularly to evaluate the strategic direction of the company, management policies and the effectiveness with which management implements them.

The Board’s responsibilities also include overseeing the structure and composition of the company’s top management and monitoring legal compliance and the management of risks related to the company’s operations. In doing so, the Board may set annual ranges and/or individual limits for capital expenditures, investments and divestitures and financial commitments not to be exceeded without Board approval.

In risk management policies and processes the Board’s role includes risk analysis and assessment in connection with each financial and business review, update and decision-making proposal. Risk oversight is an integral part of all Board deliberations.

It is the responsibility of the members of the Board to act in good faith and with due care so as to exercise their business judgment on an informed basis in what they reasonably and honestly believe to be in the best interests of the company and its shareholders. In discharging that obligation, the directors must inform themselves of all relevant information reasonably available to them.

In line with Prazastinav Compositech Pvt Limited’s Corporate Governance Guidelines, the Board conducts annual performance evaluations, which also include evaluations of the Board Committees’ work, the results of which are discussed by the Board.

Management

The operations of the company are managed under the direction of the Board of Directors, within the framework set by the Indian Companies Act and our Articles of Association as well as any complementary rules of procedure as defined by the Board, such as the Corporate Governance Guidelines and related Board Committee charters.