Management

Mr. Lakshmendra Agarwal, Director
Mr. Lakshmendra Agarwal qualified as a chartered accountant in 1970. He started his career in 1967 by establishing the family business of distribution of spares for heavy earth moving machinery and diesel engines. In 1989, he diversified in the field of vegetable oil extraction by acquiring a sick company from the government - Kanchan Oil Industries Ltd. The company is a rare example of a sick company being turned around by new promoters and having repaid all its institutional loans without any restructuring of debt. With subsequent diversifications into Financial Services, Real Estate & Infrastructure Development, Information Technology, Engineering, Mining and Textiles, Mr. Agarwal has built one of the fastest growing business conglomerates in north east India.

 

Mr. Vivek Agarwal, Director
Mr. Vivek Agarwal, son of Mr. L.K. Agarwal, has been instrumental in setting up of East India Securities Limited which took up membership of the National Stock Exchange of India Limited in 1995. The company grew from strength to strength and today prides in being one of the pioneers of the "demat revolution" by becoming one of the first Depository Participants of National Securities Depository Limited and Central Depository Services Limited. Today, East India has over 30000 clients with assets under custody of over Rs 3500 crores. Vivek has served for 2 years as an invitee to National Stock Exchange's Committee on Settlement Issues and as an arbitrator in its Dispute Resolution Committee. He has also been a member of the Executive Committee of the National Stock Exchange.

 

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