The Board of Directors of Firstsource Solutions Limited has approved key changes to its governance structure following recommendations from the Nomination and Remuneration Committee. This includes the re-appointment of Dr. Rajiv Kumar for a second three-year term starting May 3, 2027. Additionally, the Board appointed Mr. Paras Kumar Chowdhary as an Additional Director for a three-year term, effective March 1, 2026. Both appointments will allow the directors to hold office beyond the age of 75 years.
Key Board Approvals Announced
Firstsource Solutions Limited has formally disclosed several significant decisions made by its Board of Directors, following the recommendation of the Nomination and Remuneration Committee. These approvals pertain to the tenure and continuation of two Non-executive, Independent Directors.
Dr. Rajiv Kumar Re-appointment
The Board approved the re-appointment of Dr. Rajiv Kumar (DIN: 02385076) as a Non-executive, Independent Director.
- Second Term Commencement: Effective from May 3, 2027.
- Duration: For a second term of three (3) consecutive years.
- Tenure Condition: He is permitted to continue holding office beyond the age of 75 years until the expiry of this proposed term.
New Director Appointment
The Board also sanctioned the appointment of Mr. Paras Kumar Chowdhary (DIN: 00076807) as an Additional Director, designated as Non-Executive and Independent.
- Term Commencement: Effective from March 1, 2026.
- Duration: For a term of three (3) consecutive years.
- Tenure Condition: He will also continue to hold office beyond the age of 75 years until the expiry of his term.
Approval Process Confirmation
It is noted that these appointments and re-appointments are subject to obtaining the necessary approvals from members via a postal ballot, which was previously communicated on February 3, 2026, and is now being modified to include these finalized terms.
Director Profiles Summary
Dr. Rajiv Kumar is recognized for his extensive background in academia, government, and industry, notably serving as the Chairman of the Pahle India Foundation and formerly as Vice Chairman of NITI Aayog. He holds a Ph.D. in Economics.
Mr. Paras Kumar Chowdhary, aged 74, brings over 45 years of experience in strategies, finance, sales, and marketing. His significant past roles include Managing Director at CEAT Limited and President & Whole-time Director at Apollo Tyres Limited.
Both directors are confirmed to have no direct relationship with other Directors of the Company and are not debarred from holding office by any regulatory authority.
Source: BSE
