Board of Directors


Mr. Shyam Sunder Mundra

Chairman & Managing Director

Mr. Shyam Sunder Mundra, is the Founder, he is post graduate in Electrical Engineering & Business Administration. Back in 1976, Mr. Mundra started a Proprietary firm in the name of M and B Switchgears. The company turned into a corporate Entity and was listed as a Public Limited Company in 2011.
Mr Mundra’s core competency lies in the field of Electrical Engineering. Before starting his own venture, he worked in the State Electricity Board for 8 years. His vast experience has given the company an operational benefit in various aspects of the business like selection of product matrix, adaptation of sound manufacturing practices and keen focus on quality. He is actively involved in business and looks after, taxation and Strategies.

Mr. Vikalp Mundra

Jt. Managing Director & Promoter

Mr. Vikalp Mundra, a graduate in Electrical Engineering & post graduate in Financial Management. He joined business in 1994. His designing skills enable company to venture into Power Transformer segment. His risk taking capabilities resulted favorably & company ventured into new geographies as well new customers.
His innovative nature & capability of succeeding against the current took business to new heights. He was instrumental in venturing into Solar Power business. He is actively involved in design, selection of technology and keenly supervise project management. He plays a major role in providing strategic directions and effective business planning. He is Vice-Chairman of Renewable committee of IEEMA.


Mr. Anurag Mundra

Jt. Managing Director& Promoter

Mr. Anurag Mundra, is a commerce graduate and a Post Graduation Diploma in Business Administration. He is also a CFA Charter holder certified by the Institute of Chartered Financial Analysts of India. Mr Anurag Mundra joined in 1998. His expertise in financial analysis and corporate finance resulted in to good credit rating to the company which leads to achieve new financial milestones year by year.
His vigilant eyes on financial & material management leads to strict cost control with efficient inventory management. His good negotiating skills & immense knowledge of financial products is instrumental in getting favorable terms with banks & financial institutions.

Mr. Manish Agarwal


Mr. Manish Agarwal has over 19 years of work experience in India at Leadership positions in Global Multinational organizations like Citibank, Dell and Deloitte. His last corporate assignment was as Vice President of Strategy, research and Innovation group at Deloitte where he oversaw a team of 300 people providing business research, Knowledge management and thought leadership services to Deloitte US firm.
Mr. Manish is a B Tech from IIT Kanpur class of 1992 and a Post Graduate from IIM Ahmedabad class of 1995.
He is a speaker at various industry forums like Institute of company secretaries, Institute of chartered accounts and has been quoted in leading business media like economic times, Reuters, Yahoo, Business standard, financial times etc.

He is interested in spirituality and has been practicing meditation for the last 22 years. He is also widely read and is an advocate of application of Indian knowledge systems to solve contemporary management problems. He is currently a visiting faculty at S P Jain institute of Management at Singapore / Dubai wherein he takes courses in Decision Making, leadership, consulting and IT. He is also involved in training and leadership development of mid and senior executives in global companies. Manish is also on the corporate advisory group of IIM Udaipur.


Mr. CA Santosh Mucchal

Independent Director

Mr. CA Santosh Mucchal, is a renowned member of ICAI with a wide experience in his field, he is currently serving as Non Executive Director in “MP Stock Exchange Ltd.”, “Interconnected Stock Exchange of India Ltd.”, “Sam Industries Ltd.,” & “Malwa Apparel Park Ltd.” He is also Vice president of “Indore Management Association”, Hon. Sec. of “Indore Chartered Accountants’ Society”, “RPL Maheshwari Commerce College”, and Zonal Chairperson of “Lions International”.
As a partner of Mucchal & Gupta, he is counted as a leading charted accountant of the region, he is also associated in various capacities with IIM-Indore, Vaishnav Sahayak Trust etc.

Mrs. Aarti Jhaveri

Independent Director

Mrs. Aarti Jhaveri, is the Independent Director of our Company. She is an Electrical Engineer with Innovative & Entrepreneurial skills having extensive experience working of 15 years with corporate, leading diverse functions with a reputed corporate. She is also associated with Samaj Paper Private Limited, as a director.
Her expertise lies in the field of Energy Efficiency, Solar Power, and Sustainability.
She has held Director position responsible for the procurement of resources, projects implementation , strategic and operational HR along with other support functions like ,Imports & CSR and has been involved in major change initiatives including acquisitions/integration; job evaluations and company restructurings.She has led the functions from a start-up of a large solar power generation company, from conception through to launch & growth year over year.
She is passionate about challenging the "status quo" and building high performance teams and striving to unlock the value derived by cross-enterprise collaboration and great business partnerships.


Mr. Rajiva K Srivastava

Independent Director

Mr. Rajiva K Srivastava, worked in Bharat Heavy Electrical Limited (BHEL) for 34 years and retired as ED (Renewable Division) He also served as the Director of SU-Kam Power Systems handling off Grid and On Grid Power Generating Systems. He is a founder Chairman of Renewable Committee of “Indian Electrical and Electronics Manufacturers Association”.
Mr Rajiva K Shrivastava is a member of “FICCI Task Force on Solar Energy”, “Capital Goods Committees of CII”, and CLGRA FRANCE(Forum of Large Electrical Systems). Currently he provides his expert advice on Solar Projects at State Bank of India on Retainer Basis. He received Enertia Award in the year 2011 for innovation in the field of renewable energy.

Mr. Babu Babel

Advisor to the Board

Mr. Babel is a B.Tech – Electrical from Indian Institute of Technology, BHU. He had worked with large organization like Hindalco, Hindustan Zinc, Larsen & Turbo and Usha Martin. He has over 41 years of experience in design, manufacturing, projects, international marketing and general management and 30 years of international experience in the energy and utility space.

He was a part of founding team of Secure Meters which pioneered electronic metering and management technology around the world. As a key member, Mr. Babel helped building a team and launch several high value added products/ systems. Helped Secure Meters limited to become leading organization in the market it operates in.

He has been active in various industry organizations. He was president of Indian Electrical and Electronics Manufacturing Association (IEEMA) till September, 2016. He is also a member of National Council of CII, the apex industry body in India.