Our Team

Mr. K. M. Sheth

Born in 1932, a student of the Sydenham College of Commerce, Bombay, he joined the company in 1952; became the Deputy Chairman and Managing Director in 1975 and rose to become the Chairman and Managing Director in 1992. After guiding the company in its strategic and decision making policies as the Executive Chairman for more than 20 years he ceased to be whole time Director of the Company in September 2014. He continues to be the Chairman of the Board of Directors of the Company. He is also on the board of Britannia Steamship Insurance Association Limited, London.

Previously, he held the post of President of the Indian National Shipowners Association (INSA) and was the employers’ group Chairman in the International Labour Organization (ILO) plenary session in Geneva. He continues to be Chairman of the South Asia Advisory Committee of Lloyds Register of Shipping and also Chairman of the South Asia Committee of Det Norske Veritas. He is Chairman of the Indian Committee of Nippon Kaiji Kyokai, Japan , member of ABS ( American Bureau of Shipping.) and a member of Indian Committee of ABS.

Mr. Bharat K. Sheth
Dy. Chairman and Managing Director

Born in 1958, Mr. Bharat Sheth joined the Company in 1981, just after obtaining his Bachelor of Science (Economics) with honours from St Andrews University, Scotland. In the initial years of his career he worked very closely with his colleagues and gained expertise in chartering and Sale & Purchase activities, the most intricate part of the shipping business. He was inducted onto the Company’s Board as an Executive Director on July 1, 1989 and became Managing Director of the Company on April 1, 1999. On August 12, 2005, he was appointed as the Deputy Chairman and Managing Director of the Company.

He is also the Chairman of Greatship (India) Ltd and a Director on Board of The Great Eastern Shipping Company (London) Ltd, Sea Change Maritime LLC, North of England P&I Association Ltd, Steamship Mutual Underwriting Association, Indian National Shipowners Association & International Tankers Owners Pollution Federation Ltd

Mr. Ravi K. Sheth

Born in 1961, Mr. Ravi K. Sheth graduated with a Master of Business Administration from Babson College, Wellesley, U.S.A. He joined The Great Eastern Shipping Co. Ltd. in 1989.

He was appointed as a Whole Time Director on January 30, 2006. He is currently designated as a Director of the Company, Managing Director of Greatship (India) Limited and also a director on board of A.H.Bhiwandiwalla Investments Pvt Ltd & Greatship Subsea Solutions Singapore Pte. Ltd

Mr.Tapas Icot
Executive Director & President – Shipping

Mr. Icot is a Commerce graduate with a post graduation in Management studies. He joined the company in 1991, as a Manager in the Claims department and thereafter has been instrumental in key roles including creating a Strategic Planning Cell and heading the Commercial function of the company. He is now the Executive Director and Head of Shipping Business. He started his career with United India Insurance Co. Ltd. before moving into the shipping industry. He has had stints with India Steamship and Essar Shipping before joining GE Shipping. He is an Associate of the Insurance Institute of India and a Fellow of the Indian Council of Arbitration.He has also completed his Masters in Financial Management from Mumbai University.

Mr. G Shivakumar
Executive Director and CFO

Mr. G Shivakumar is a bachelor of Commerce and a post-graduate in management from IIM Ahmedabad. He joined the Company as a management trainee immediately after completing his management in 1990, and contributed to the company through stints in key functions like Treasury, Corporate Finance, Human Resources, and Strategic Planning, besides being the Chief Financial Officer of our subsidiary Greatship (India) Limited. He is currently designated as CFO.

Mr. Berjis Desai

Inducted on the Board in 2006, Berjis is an eminent professional law practitioner and is currently Managing Partner of J.Sagar Associates. He has extensive experience both as an Arbitrator and Counsel, in International, Commercial and Domestic Arbitrations and has been associated with landmark legal pronouncements and interpretation. He is also on the Board of Greatship (India) Ltd.

Mr. Farrokh K. Kavarana

Mr. Kavarana graduated with a B.Com (Hons.) degree from the University of Bombay and with an MBA from the Wharton School, University of Pennysylvania in 1970. He is a Fellow of the Institute of Chartered Accountants in England & Wales, and a Member of the Institute of Chartered Accountants of India. He has been on the board of several Tata Group Companies. Before joining the Tata Group in 1975, he held key positions with McKinsey & Co. Inc. and The Bowater Corporation. He has advised leading international financial institutions, including the World Bank, as well as industrial companies on strategic and organizational issues.

Ms. Rita Bhagwati

Ms. Rita Bhagwati has more than 35 years of work experience in India and the US in the central bank, in commercial and multilateral banking. Ms. Bhagwati is currently Advisor to the Bower Group Asia (BGA) on Economics and Finance and an independent director on the Board of Indus Towers. Prior to joining BGA, Ms. Bhagwati served as the Regional Economist at the International Finance Corporation (IFC), the private sector arm of the World Bank. She helped guide IFC operations in South Asia by identifying growth sectors, tracking macroeconomic and policy developments and screening potential investments for economic viability. Ms. Bhagwati spent two decades with the IFC, the Institute of International Finance and the World Bank with responsibilities including South Asia, private sector development, project finance, strategic policy, coordination among multilateral agencies, and designing and developing new products to collaborate with the private sector. Ms. Bhagwati began her career as an academic teaching Economics in Delhi University before joining one of India’s largest commercial banks. She then went on to serve for a decade in the central bank, the Reserve Bank of India where she worked on Exchange Control, Bank Supervision and Industrial and Export Credit. She holds an MA in Economics from the prestigious Delhi School of Economics, and MA in International Economics from Tufts University in Boston, and an MBA from George Washington University, Washington DC.”

Mr. Cyrus J. Guzder

Born in 1945, Master in Economics and Oriental Studies from Trinity College, Cambridge, he joined the Board in 2003. He is the Chairman and Managing Director of AFL Group. Mr. Guzder is a Director on the Board of several companies including BP (India) Ltd, Mahindra Holidays & Resorts Ltd and Carlson Wagonlit Travel India Pvt Ltd. He is the Honorary Consul General of the Republic of Ireland for Mumbai and Western India. He is also a Member of the Board of Governors of The Reserve Bank of India’s Board of Banking Codes and Standards of India (BCSBI). He has been closely working with various NGOs and trusts involved in conservation of environment and restoration of art, culture and Indian heritage.

Mr. Vineet Nayyar

He joined the board in 2004. A member of Indian Administrative Service, he held number of assignments with the Indian Government. During his tenure at the World Bank, he took up several projects related to energy, finance and infrastructure. He is currently the Vice Chairman & Managing Director of Tech Mahindra and the Chairman of Mahindra Satyam. Besides being on the board of several companies like Mahindra Logisoft Business Solutions Ltd, Kotak Mahindra Old Mutual Life Insurance Ltd, The Mahindra United World College of India, The Mahindra Holidays and Resorts India Ltd & the Tech Mahindra Foundation, he is also on the Board of Greatship (India) Ltd & Business Standard.

In his previous assignments, he served as the Managing Director of HCL Corporation and as the Vice Chairman of HCL Technologies. He was also the founder & CEO of HCL Perot Systems & the founding Chairman & Managing Director of Gas Authority of India.

Dr. Shankar Acharya

Mr. Dr. Shankar Acharya, B.A. (Hons.) from Oxford University and Ph.D. (Economics) from Harvard University has considerable experience in various fields of economics and finance. He is a Honorary Professor at the Indian Council for Research on International Economic Relations (ICRIER) and a Member of the Court of Governors at the Administrative Staff College of India (ASCI). He was Chief Economic Adviser, Ministry of Finance; Member, Securities and Exchange Board of India (SEBI) and Member, Twelfth Finance Commission. He has held several senior positions in the World Bank, including Director of World Development Report (1979) and Research Adviser.