Who We Are...

Mr. Jitin Makkar is the non-Independent Director of ICRA ESG Ratings Limited.

Mr. Jitin Makkar is the non-executive, non-Independent Chairman of ICRA ESG Ratings Limited. He has been associated with Group ICRA since 2008 and over the years has been involved in executing rating assignments and carrying out research activities across diverse sectors. He was also a member of the Rating Committee of ICRA for around three years before assuming the role of Head-Credit Policy at ICRA in 2015, a role that he continues to perform. In this role, Jitin provides leadership on the development of ICRA’s rating methodologies and models with the ultimate objective of enhancing rating accuracy and stability. He is also involved in maintaining oversight on the material developments occurring in the macro-environment and the individual sectors and augmenting ICRA’s ability to identify emerging risks that could impact the rated portfolio.

Prior to joining ICRA, Jitin was an Assistant Vice President with Maruti Suzuki India Limited. He holds a B.E degree in Electrical Engineering from the Delhi College of Engineering and has a Masters in Business Administration (Finance and Marketing) from the Management Development Institute, Gurugram.

Mr. L Shivakumar, Chief Executive Officer, ICRA ESG Ratings Limited.

Mr. L Shivakumar is the Chief Executive Officer of ICRA ESG Ratings Limited. He is responsible for generating business in the ESG rating sector, overseeing the company's overall growth, thought leadership and outreach. Additionally, Mr. Shivakumar holds the position of EVP of Business Development and Chief Business Officer of ICRA Limited. In this role, he has a countrywide responsibility for originating new business and serving existing clientele for ICRA's ratings and research products.
Mr Shivakumar joined ICRA in June 1994 as an analyst and has led analytical teams for over a decade, demonstrating his commitment and capability. Before joining ICRA, he worked as a management consultant at A F Ferguson & Co. Before his post-graduation, Mr. Shivakumar worked as an assistant construction engineer with MECON Limited. He holds a Bachelor of Technology degree in Civil Engineering from the Indian Institute of Technology, Delhi, and a Postgraduate Diploma in Management (equivalent to an MBA) from the Indian Institute of Management, Bangalore.

Ms.Sheetal Sharad, Chief Ratings Officer, ICRA ESG Ratings Limited.

Ms.Sheetal Sharad is the Chief Ratings Officer of ICRA ESG Ratings Limited. She has been associated with Group ICRA since 2008 and over the years has been involved in executing rating assignments and carrying out research activities across various sectors. She was also a member of the Rating Committee of ICRA for Corporate Ratings and IPO Monitoring.

Prior to joining ICRA, Sheetal was a Corporate Banker at ICICI Bank, New Delhi. She earned a Masters in Business Administration from IIT Madras and also holds the Institute's gold medal for exceptional academic performance. She holds a Bachelor of Engineering in Electronics and Telecommunication from Rajiv Gandhi Technical University. Sheetal is currently pursuing a PhD (EFPM) in Green and Sustainable Finance from IIM Lucknow.

Ms. Chitralekha Vaidya is an Independent Director on the board of ICRA ESG Ratings Limited.

A change-maker, and innovative entrepreneur with a passion for creating a cleaner, healthier world, Ms. Chitralekha brings an immense experience for sustainability to the organisation. Having almost two decades of experience in creating a unique platform for all industrial needs on the sustainability front focusing on water conservation projects, carbon footprint & Sustainability audits, propellants and explosive waste management, solid waste management, solar energy and waste-to-energy EPC solutions, she has successfully directed and led several initiatives pertaining to environmental development in industrial, commercial and institutional projects. Women empowerment in science and technology sector has been her conscious effort always.

She is currently the CEO & Founder of Varshasookt Private Limited since June 2004. It is a single window solution for all environmental and sustainable solutions focusing customised solutions for Indian Army, Indian Navy and other defence PSUs & defence establishments. Ms. Chitralekha has received numerous awards such as ParyavaranShree Award by the World Environmental Council and Ideal Entrepreneur by leading newspaper Lokmat in 2018. She was also the Chairperson of VABCIDE Power Group of Saturday Club (Entrepreneur’s Business Club) and was felicitated as Innovative Start-up by Maharashtra Times (Times of India Group).

Her work was appreciated by Ex. President Shri. Ramnath Kovind, late Chief of Defence Gen. Bipin Rawat and also by earlier Army Chief Gen. Mukund Naravane.

During her journey as an entrepreneur and a sustainable environmentalist, she has acquired 50+ industrial clients and has delivered 150+ projects successfully. She has also completed 30+ Indian Armed Forces projects including Solid waste Management projects at farthest defence location of India for Indian Navy and sustainable solid waste management projects in high altitude regions for Indian Army. Ms. Chitralekha holds a B.E. degree in Civil Engineering and a Master of Engineering (M.E.) Postgraduate degree in environment and public health engineering from the University of Mumbai.

Ms. Rebecca Tan is a Non-Executive Director on the board of ICRA ESG Ratings Limited.

Ms. Rebecca is the Vice President of Strategy & Business Management for Moody’s Ratings (MR), based in Singapore. In her role, Ms. Rebecca works closely with MR senior management to formulate strategic initiatives and facilitate the execution of MR’s global strategy across Asia Pacific.

Ms. Rebecca has more than 8 years of experience in rating and research of Asian Financial Institutions. Prior to joining the Regional Organization team, Ms. Rebecca was a Vice President and Senior Analyst at MR’s Financial Institutions Group (FIG).

In FIG, Ms. Rebecca’s role as lead analyst for banks and finance companies spanned across most of the key South and Southeast Asian economies. During her tenure in FIG, she authored numerous high-profile research reports and participated in media broadcast interviews and investor conferences across various South and Southeast Asian markets. She also established strong relationships with issuers, regulators, and investors across the region.

Prior to joining Moody’s, Ms. Rebecca worked as a banking regulator at the Monetary Authority of Singapore.

Ms. Rebecca holds a Bachelor in Accountancy (Hons) from Nanyang Technological University.

Mr. Venkatakrishnan Srinivasan is an Independent Director on the board of ICRA ESG Ratings Limited.

An accomplished professional with an entrepreneurial bent of mind, Mr. Srinivasan brings a wealth of experience to the organisation. With over three decades of experience in the debt capital market, he has successfully directed and led several initiatives pertaining to business development, debt fundraising, resource mobilisation, treasury management, along with other strategic advisory roles and consultancy.

He is currently an advisor at Axis Trustee Services Limited since July 2023. Mr. Srinivasan is also the managing partner at Rockfort Fincap LLP since September 2021. He has held a senior position at ICICI Securities Primary Dealership Limited (I-Sec PD) till June 2021 and served clients across India.

He was also one of the recipients of the ICICI Group Spirit of Leadership Award as DNA Exemplar in the year 2021 for Nurturing Talent and in 2014 for Managing Change. Mr. Srinivasan holds a graduate degree in commerce from St. Joseph’s College, Trichy, and a post-graduate diploma from the FORE School of Management, New Delhi.