Management

The general superintendence and management of the affairs of the Corporation vests with the Board of Directors assisted by an Executive Committee, Management Committee, Default review Committee and the Managing Director who is appointed by the State Govt. The Chairman of the Board of Directors is one of the senior most Directors nominated by the State Government. However under the amended Act, the Small Industries Development Bank of India(SIDBI) in consultation with the State Government Nominates a Director as Chairman for the Board whose term of office does not exceed three years and is eligible for re-appointment as Chairman. The Board of Directors ,as per SFC Act ,comprise the following:

    • A Director to be nominated as Chairman
    • Two Directors nominated by State Government of whom one Director shall be a person who has special knowledge of or experience in Small Scale Industries
    • Two Directors nominated by SIDBI
    • Two Directors nominated by Public Sector Banks, LIC and Insurance Companies
    • Two Directors from the individual share holders other than the mentioned above
    • Managing Director appointed by State Government in consultation with SIDBI



    Present constitutions of Board of Directors:

    1.

    Jenab Abdul Rahim Rather
    Hon’ble Finance Minister

    Chairman

    2.

    Shri Jalil Ahmad Khan,
    Economic Advisor to J&K

    Director

    3.

    Shri B. B. Vyas, IAS
    Commissioner/Secretary to Govt.
    Finance Department.

    Director

    4.

    Shri Anuj Jain,
    Assistant General Manager,
    SIDBI, Jammu

    Director

    5.

    Shri D.C. Thakur,
    Sr. Divisional Manager,
    Life Insurance Corporation, Jammu/Srinagar.

    Director

    6.

    Shri A.K.Gupta,
    Dy.General Manager,
    PNB, Jammu

    Director

    7.

    Dr. Nissar Ali,
    Ex-Head Department of Economics,
    Kashmir University.

    Director

    8.

    Shri Tafasal Hussain,
    Ex-Executive President.
    J&K Bank Ltd.

    Director

    9.

    Shri Zahoor Ahmed Bhat (Shareholder)

    Director

    10.

    Shri Akhil Chopra (Shareholder)

    Director

    11.

    Shri A.R.Makroo

    Managing Director