Individual Members

Arun Duggal

Mr. Arun Duggal is a Senior Advisor to TPG Capital, a major Private Equity firm headquartered in San Francisco. He is an experienced international Banker and has advised companies and financial institutions on Financial Strategy, M&A and Capital Raising. He is Chairman of Board of Directors of Shriram Transport Finance Company, Shriram Properties Ltd, Shriram City Union Finance Ltd., and Shriram EPC Limited. He is the Vice Chairman of International Asset Reconstruction Company. He is on the Board of Directors of Jubilant Energy Ltd., Patni Computers (Chairman, Audit Committee), Fidelity Fund Management, Manipal Acunova Limited, Zuari Industries, Info Edge (India), Dish TV India Ltd., Mundra Port & SEZ Ltd., and IMA (formerly Economist Intelligence Unit, India), Hertz (India) and Mortice Limited (Singapore). He is a member of the Investment Committee of Axis Private Equity. He is Vice Chairman of Indian Venture Capital Association. He is a Board Member and erstwhile Chairman of the American Chamber of Commerce, India He was on the Board of Governors of the National Institute of Bank Management. Mr. Duggal is involved in several initiatives in social sector. He is a founder Director of Bellwether Microfinance Fund which provides equity capital to promising Micro Finance organizations and helps them in capacity building. He is a Trustee of Centre for Civil Society, New Delhi, which focuses on improving the quality and access of education to students especially for the poor. He is Senior Advisor (Asia Pacific) to Transparency International Berlin. Mr. Duggal had a 26 years career with Bank of America, mostly in the U.S., Hong Kong and Japan. His last assignment was as Chief Executive of Bank of America in India from 1998 to 2001. He spent ten years (1981-1990) with the New York Corporate Office of Bank of America handling multinational relationships. From 1991-’94 as Chief Executive of BA Asia Limited, Hong Kong he looked after Investment Banking activities for the Bank in Asia. In 1995, he moved to Tokyo as the Regional Executive, managing Bank of America’s business in Japan, Australia and Korea. From 2001 to 2003 he was Chief Financial Officer of HCL Technologies, India.

A Mechanical Engineer from the prestigious Indian Institute of Technology, Delhi, Mr. Duggal holds an MBA from the Indian Institute of Management, Ahmedabad. He teaches Banking & Finance at the Indian Institute of Management, Ahmedabad as a visiting Professor. He has dual citizenship of India as well as of the U.S. A theatre enthusiast, he also plays tennis and enjoys trekking in the Himalayas. He is married to Dr. Rita Duggal and they have two daughters. They live primarily in New Delhi, but also spend some time in their homes in Kasauli (Himachal Pradesh) and New York.