Exhibit 1: Pundit Family
Pundit had eleven children, eight sons and three daughters. In 2014, the family grew very large in size with more than 160 members. Out of 160 members, 60 resided in India and close to 100 were abroad.
The family had a rich human capital with many qualified professionals doing extremely well in diverse fields of work like 15 Engineers, 10 MBAs/Entrepreneurs, 10 Ph.D. researchers, 6 Doctors, 2 Professors/Lecturers, 2 Economists, 1 Ayurveda Doctor, 1 Mathematician, 1 Financial Analyst and 1 Journalist. (Refer to Family Genogram)
Generation |
No. of Bloodline Relatives |
Spouses |
Remarks |
Second Generation |
4 |
3 |
3 sons, 1 daughter and 3 daughters-in-law |
Third Generation |
32 |
25 |
|
Fourth Generation |
52 |
21 |
|
Fifth Generation |
22 |
|
All are minors/school going |
Total |
110 |
49 |
159 |
SVL’s Board of Directors
SVL was a private limited company and its Board of Directors were all family membersThe Board of Directors as on 2014 comprised of 8 family members across 2nd & 3rd generation.
Name |
Position/Role |
Relationship |
Multi-Generational Ownership |
Padmabhushan Dr. B.V. Sreekantan |
Chairman |
4th Son of Founder |
Ayurveda Bhishak B.V. Venkatesha Murthy |
Director and Technical Advisor |
7th Son of Founder |
Dr. B. V. Rajagopal |
Director |
8th Son of Founder |
Mr. Shankar Prasad |
Director |
Grandson of Founder |
Mr. B.S. Jayant |
Managing Director |
Grandson of Founder |
Mr. N. B. Ramagopal |
Director Operations |
Grandson of Founder |
Dr. Rajesh Sreenivasan |
Director Production and Secretary |
Grandson of Founder |
Mr. C. Sitaram |
Director |
Grandson of Founder |
When the new management (3rd Generation) took over in 1992, there was a fresh issue of shares resulting in regrouping of the ownership. In 2014, there were 39 shareholders in the company that were all held by family members.
SVL – Family Members working in the Business
The family members who consisted of the management team of SVL as on 2014 comprised of 3 family members working full-time at the factory and 2 members playing a supporting role. Mr. Jayant, though being full-time involved in the management of the organization, was located at Asansol.
Name |
Educational & Professional Background |
Role in the Business |
Mr. B.S. Jayant
(Grandson of Founder) |
An Entrepreneur. MBA (Symbiosis Institute Pune). Established his own company in Asansol, West Bengal. |
Managing Director of SVL |
Mr. N. B. Ramagopal
(Grandson of Founder) |
Mechanical Engineering and MBA |
Director Operations
In-charge of overall administration Finance and Marketing |
Dr. Rajesh Sreenivasan
(Grandson of Founder) |
Ph.D. in Biophysics (NIMHANS) |
Director Production & Secretary
In-charge of production, research and secretarial functions |
Mr. B. V. Venkatesha Murthy
(6th Son of Founder) |
B.Sc. Statistics.
Studied Ayurveda. |
Actively involved in several issues of governance, both at SVL and Arogyashram |
Dr. Prabha Mokshagundum
(Grand Daughter of Founder) |
Gold medalist in M.A (Philosophy), Mysore University. Doctorate, Bangalore University |
Involved in management of Dhanvantari Arogyshram |
Mr. Sudheesh Venkatesh
(Grandson of Founder) |
Electronics Engineer & M.B.A from IIM Kolkata |
He was on the Company Board for a few years between 1993-1997 as Director
Later, as a Shareholder continued to be an active participant/contributor in some of the crucial decision making of the company |
Dr. Sriranjini Jaideep Rao
(Great Grand Daughter of Founder) |
Graduate in Ayurveda Medicine and Surgery. MD from NIMHANS. |
Has played an important role in the Company’s R&D initiatives.
Planned to join SVL on full-time basis at a later date. |