UTI Mutual Fund has announced the appointment of four new Independent Directors: Atul Dhawan, P. V. Bharathi, Philip Mathew, and Vishakha R M. Additionally, Linsley Carruth has been appointed as an Additional Director (Non-Executive Nominee Category). These appointments were approved on October 30, 2025, and aim to further strengthen the board’s expertise and governance.
Board Expansion
UTI Mutual Fund has expanded its Board of Directors with the appointment of several new members, effective October 30, 2025. The appointments reflect the organization’s commitment to strong governance and diverse expertise.
Independent Director Appointments
The newly appointed Independent Directors are:
- Atul Dhawan
- P. V. Bharathi
- Philip Mathew
- Vishakha R M
These directors will serve for a term of three years, until October 29, 2028. They are classified as Non-Executive Independent Directors and are not subject to retirement by rotation.
Additional Director Appointment
Linsley Carruth has been appointed as an Additional Director in the Non-Executive Nominee Category. Her appointment is subject to shareholder approval, and she is liable to retire by rotation. Her term will last until the next general meeting, or three months, whichever is earlier.
Expertise of Appointees
Each appointee brings a wealth of experience to UTI Mutual Fund:
- Atul Dhawan: Chartered Accountant with over four decades of experience in Finance, Risk Management, and Corporate Governance.
- P. V. Bharathi: Extensive experience in Banking, Corporate & Retail Credit, and Risk Management.
- Philip Mathew: Over two decades of experience in Human Resources, Business Transformation, and Corporate Strategy.
- Vishakha R M: Experience in Marketing, Sales, Insurance, and Business Strategy.
- Linsley Carruth: Expertise in stockholder engagement, corporate strategy, and global distribution.
Source: BSE
