Alok Pande

Non-Executive Director

Alok Pande (52) was appointed as a Non-Executive Director on the Board of ITC effective July 27, 2024, as a representative of the Specified Undertaking of the Unit Trust of India ('SUUTI').

Pande, a senior Civil Servant specialised in Finance, is presently Additional Secretary, Department of Investment and Public Asset Management ('DIPAM'), Ministry of Finance, Government of India. He holds a Bachelor Degree in Engineering (Mechanical) from the Motilal Nehru National Institute of Technology, Allahabad, and has also completed Fellow Programme in Management (Doctorate) from the Indian Institute of Management, Bangalore, in the area of capital markets.

Pande joined the Indian Postal Service in 1994. In his career spanning over 29 years, he has held various positions in the Government of India, including Joint Secretary - DIPAM, and Director - Department of Financial Services ('DFS') in the Ministry of Finance. As Joint Secretary, he handled the IPO of the Life Insurance Corporation of India and played a key role in listing of three Government companies viz., Mazagon Dock Shipbuilders Limited, Indian Railway Finance Corporation Limited and RailTel Corporation of India Limited. As Director - DFS, he was instrumental in the launch and execution of the Pradhan Mantri Jan Dhan Yojana. Pande has also handled the IT Project of the Department of Posts, Ministry of Communications, as Deputy Director General.

Presently, Pande is on the Board of Advisors of SUUTI and a Director on the Boards of Indian Bank, AI Assets Holding Limited, AI Engineering Services Limited and AI Airport Services Limited. He was earlier on the Board of Indian Overseas Bank from 2011 to 2016.