Management of TIML

The Board of TRIF Investment Management Ltd (TIML) comprises a minimum of 4 members including at least 2 independent directors. All directors of the Investment Manager will subsequently be appointed by the Board either to fill any vacancy or as additional directors and shall hold office until they or any of them are removed by the Board or by an ordinary resolution of the Investment Manager in general meeting or until they vacate office.

The majority of members of the Board of the Investment Manager are resident outside India.

Biographies for each of the current directors of the board of the Investment Manager are as follows:

Farroakh Homi Parekh, Independent Director - Investment Manager

Farroakh Homi Parekh, Company Secretary of Tata Limited, London, holds a Bachelor of Commerce (B.Com) from the University of Mumbai. He is a Chartered Accountant from the Institute of Chartered Accountants of India and a Chartered Management Accountant from the Chartered Institute of Management Accounts. Prior to joining Tata Limited in July 2005, Mr. Parekh occupied the post of Finance Manager and Company Secretary of TKM Overseas Transport Ltd, part of the Tata group, from June 1994.

Sunil K Doorga, Director - Investment Manager

Sunil K Doorga has been appointed as Director as from April 2010. He has more than twenty years experience in the financial services sector. He worked with the regulatory bodies in Mauritius in different capacities. He headed the Capital Markets at the Financial Services Commission, the regulatory body for the non-bank financial services sector in Mauritius, and prior to that he was the Deputy Chief Executive of the Stock Exchange Commission of Mauritius where he started his career in 1990 in Mauritius as Financial Analyst. He was Secretary of the Listing Committee of The Stock Exchange for five years. He holds a Bachelor of Arts (Economics) and a Bachelor of Commerce (Finance), both degrees from Canada and a Master of Business Administration (Finance), from the United Kingdom.

Fareed Soreefan, Independent Director - Investment Manager

Fareed Soreefan, Director (Compliance and Controls), is a Chartered Secretary from the UK Institute of Chartered Secretaries and Administrators and holds a Masters in Business Administration (Finance), UK. He has 11 years experience as a Court Officer with the Mauritius Judicial Department and worked for about a year with the secretarial arm of KPMG as Deputy Manager being in charge of its secretarial and insolvency departments. He joined IFS on 1st August 1995 and is involved in fund set up/administration and oversees compliance/corporate secretarial matters. He serves as a director of global business companies and investment funds.

Sangeeta Bissessur, Independent Director - Investment Manager

Sangeeta Bissessur is a Fellow of the Association of Chartered Certified Accountants, UK. She graduated with a BSc (Hons) in Economics at the University of Mauritius. She is currently a Senior Manager at International Financial Services Limited and has been with the Firm for 15+ years. She has secured in depth knowledge of the financial services sector, with extensive practical know-how in the operating, regulatory and compliance aspects for global business entities. She currently leads a team of 15+ people in the operation unit and service a portfolio of over 150+ financial and non-financial services entities, including collective investment schemes, closed-end funds and investment holding companies. She is also involved in company structuring and set-ups on need arising basis and has been exposed to the main areas of the industry including legal, tax, accounting, administration, due diligence, compliance and corporate secretarial fields. She also sits on the Board of a number of global business companies.