Investors

Board of Directors and Committees

Mr. Deepak Seth

Group Chairman (Non-Executive and Non Independent)

Mr. Deepak Seth is the Founder and Group Chairman of four renowned apparel manufacturing, sourcing and training groups operating in over 20 countries: PDS Limited, Pearl Global Industries Limited, PDS Limited, Lerros Moden GmbH and Pearl Academy of Fashions. Regarded as one of the pioneers of apparel manufacturing in India, he has also created many philanthropic organizations dedicated to community service. An active member of the ‘Apparel Export Promotion Council’ (AEPC) of India, he held the post of ‘Vice Chairman’ of the Eastern Region of AEPC for 2 years. He is also an executive member of the ‘Apparel Exporters and Manufacturers Association’ (AEMA) and was awarded ‘Udyog Ratna’ Award by the Haryana Government in 2006 for his entrepreneurial skills.
He is an Economics graduate from St. Stephens College, Delhi University and holds a MBA degree from Jamnalal Bajaj Institute of Management Studies, Mumbai, India.
  • 1
  • 2
  • 4

Mr. Pallak Seth

Vice Chairman (Non-Executive and Non Independent)

An alumni of Harvard Business School, Mr. Pallak Seth is a serial entrepreneur. At the age of 21, he started his entrepreneurial journey by setting up an apparel sourcing business in Hong Kong. In 1999, he established Norwest Industries, which has today diversified as PDS Limited. He supports ambitious founders to solve market frictions, leveraging technology as an angel investor alongside trusted partner. He had co-invested alongside many investors such as Sequoia Capital, Social Capital, Sherpa Ventures, Storm Ventures, Sierra Ventures and helped entrepreneurs through customers, co-investors, and partner introductions.
He is also Executive Director on the Board of Lerros GmBH, Germany and External Advisor to Bain Advisor Network, Bain since 2019.
He has Bachelor of Arts Degree in Economics and International Business with Magna Cum Laude distinction from Northwestern University, USA.
  • 4
  • 5

Mrs. Payel Seth

Non-Executive and Non Independent Director

An alumnus of the Pearl Academy of Fashion, Mrs. Payel Seth has been associated with the PDS Group as Promoter Director since incorporation. She has rich experience in the design and retailing of Indian and Western clothing, jewellery and accessories. Her entrepreneurial nature helped in establishing PDS's retail presence across India.She has led the education and Corporate Social Responsibility initiatives of the Group.

Ms. Yael Gairola

Independent Director

Ms. Yael Gairola is a C-Suite Executive with a track record of scaling, acquiring, and integrating Technology Companies and Start-Ups. Her expertise is in Strategy, Change Management, Turnarounds, Scale-ups, Operations, Commercial, Digital Transformation, Acquisitions, and Post-Merger Integrations.

She is currently the Chief Operating Officer in PANGAIA Materials Science, an impact-driven direct-to-consumer company bringing breakthrough innovations and patents into the world through lifestyle products.

Previously, Yael was associated with Coats Digital as Managing Director, Coats PLC as Group Director of Strategy and M&A, and The Boston Consulting Group as Consultant.

Born in Israel, she holds a Bachelor of Laws from Hebrew University Law School (Israel) and Master of Laws from Columbia Law School (New York), and an MBA from INSEAD (Singapore/France)

  • 1
  • 3

Mr. Mungo Park

Independent Director

Mr. Mungo Park has forty-five years’ experience in investment banking/advisory, industry specialization, technology innovation in health, sustainability and information and communication technology. He is presently, the Founder and Chair of Innovator Capital Limited (“ICL”). It is a London based specialist investment bank, founded by him in 2003. From 2001 – 03, he worked with Columbus Asset Management and Navigator Asset Management (Chair) to develop novel - in the UK - corporate finance models. He also set up Portfin.com Limited (1999 – 2001). It was an internet company to provide “white label” platform for small to medium sized brokers and investment managers to offer to their customers. Prior to this, he has worked across Institutional Equity Sales and Research, Investment Banking (Biotech, Pharma, ICT), London Stock Exchange and as an Independent Advisor wherein he invested in and advised several companies.
  • 1
  • 5

Mr. Robert Sinclair

Independent Director

Mr. Robert Sinclair was President Supply Chain of Global Brands Group (Part of Fung Holdings Limited Group). It is one of the world’s leading branded fashion accessories, footwear, and apparel companies with wholesales of $2.2 billion.
Prior to joining GBG, January 2016 until September of 2018, he was responsible for overseeing one of four business units within the newly restructured entity of Li & Fung Trading i.e., LFS SCS3 - a US$4.9 billion (FOB) business with 40 plus customers located in Asia, Latin America, North America, and Europe.
Before taking on the role as President of LFS SCS3, he was the Chief Operating Officer for Li & Fung Sourcing from April 2013 to April 2016 where he oversaw Sourcing Operations (Offshore Sourcing offices globally), Business Development and Strategy for Li & Fung’s agency business concerning apparel, footwear, and hard/soft goods. In July of 2011, he joined Li & Fung Sourcing as an Executive VP responsible for the Sports and Lifestyle business unit, overseeing key customers such as Tommy Hilfiger, Calvin Klein Jeans, Timberland, DKNY Jeans, and several other accounts, totalling US$1.4 billion at FOB.
Prior to this, he worked overseeing Sourcing responsibilities at VF Corporation and Global VP - Product Development at Ralph Lauren. He also founded a Hong Kong-based agency KOMPASS in 2002. It provides a design driven, value-added services to clients.
He is a founding member and current Chairman of GAFTI (Global Apparel and Footwear Initiative). He is also an active member of the American Chamber of Commerce in Hong Kong and served as an advisor to the Asia Industry Advisory Network for the College of Textiles, North Carolina State University.
Born and raised in Canada, Ottawa, Robert holds a Bachelor of Arts Degree in Political Science from the University of Carleton, Ottawa, Canada and has lived and worked in Hong Kong, Singapore, and New York.
  • 2
  • 3

Mr. Nishant Parikh

Independent Director

Mr. Nishant Parikh is the Joint Managing Partner, Corporate M&A, Private Equity, and Restructuring at Trilegal. He also serves on the Trilegal’s management committee and has extensive experience in the areas of corporate mergers and acquisitions, restructuring, and equity and mezzanine investments.

Mr. Parikh has advised several leading corporations, banks, funds, and financial institutions on a broad range of matters and is highly regarded as a trusted and strategic advisor in complex situations including contentious assignments. Additionally, His experience also entails advising boards and senior management on corporate governance issues and best practices.

Mr. Parikh holds the degree of BA LLB (Hons.) from the National Law School of India University.

  • 1
  • 4

Mr. Parth Gandhi

Non-Executive Non-Independent Director

Mr. Parth Gandhi is a senior investment professional with significant experience in India for over two decades. Previously, Mr. Gandhi was a Senior Partner and Managing Director at Apollo Global Managements, India joint venture with ICICI - AION. Mr. Gandhi serves on the International Advisory Board for Michigan State University, is a charter member of TiE Global (The Indus Entrepreneurs) and an active member of The Explorers Club and ASSOCHAM (The Associated Chambers of Commerce and Industry of India). In his previous roles, Mr. Gandhi was a Managing Director at Navigator Capital Advisors Limited and prior to that was a Consultant with Ernst and Young.
  • 1
  • 4

Sl. No. Name of the Committee Members of Committee
1 Audit Committee 1. Ms. Yael Gairola – Chairperson
2. Mr. Deepak Seth
3. Mr. Nishant Parikh
4. Mr. Mungo Park
2 Stakeholders’ Relationship Committee 1. Mr. Parth Gandhi – Chairman
2. Mr. Robert Sinclair
3. Mr. Deepak Seth
3 Nomination and Remuneration Committee 1. Mr. Robert Sinclair – Chairman
2. Ms. Yael Gairola
3. Mr. Parth Gandhi
4 Risk Management Committee 1. Mr. Nishant Parikh – Chairman
2. Mr. Parth Gandhi
3. Mr. Deepak Seth
4. Mr. Pallak Seth
5. Mr. Sanjay Jain – CEO
6. Mr. Ashish Gupta – CFO
7. Mr. Suresh Punjabi – Internal Auditor
5 Corporate Social Responsibility Committee 1. Mr. Mungo Park – Chairman
2. Mr. Pallak Seth
3. Mr. Parth Gandhi

Advisory Board

Mr. Tarun Khanna

Tarun Khanna is the Jorge Paulo Lemann Professor at the Harvard Business School. For over two decades, he has studied entrepreneurship as a means to social and economic development in emerging markets. At HBS since 1993, after obtaining degrees from Princeton and Harvard, he has taught courses on strategy, corporate governance and international business to MBA and Ph.D. students and senior executives.

Mrs. Faiza Seth

Faiza Seth, along with her husband, Pallak Seth in 1998, co-founded PDS Multinational, a global supply chain management conglomerate managing the supply chain of major retailers and brands around the world in various consumer goods including apparel, home and beauty products.

She began her career co-founding the international apparel manufacturing and trading business, Norwest Industries Ltd., the first PDS Multinational business. From there she worked in the Equity Capital Markets group at Lehman Brothers in Hong Kong. In 2007 Faiza founded Casa Forma Limited, a London-based architectural and interior design company specialising in creating bespoke luxury turnkey interior design. Faiza founded Soham For Kids in 2010, an international charitable foundation focused on educational initiatives in India and Bangladesh. Faiza’s most recent venture is Avantguard, a smart fashion start up that designs and manufactures uber luxe sustainable apparel/accessories.

Faiza received her bachelor’s degree in economics from the Weinberg College of Arts and Sciences and her MBA in 2006 from the Graduate School of Business at Stanford University.

Faiza holds various board and trustee positions including Vice Chairperson of the Northwestern University's International Campaign Committee (ICC), Board of Directors Member Northwestern Alumni Association (NAA), Board of Directors Member Northwestern College of Arts and Sciences Board of Visitors, Trustee on the Northwestern UK Foundation, Co Chair of the Committee for External Relations Stanford University Graduate School of Business.