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India Affiliate Governance Team

The Governance Team is the highest governing authority of the India Affiliate of Institute of Risk Management, vested with the responsibility of working towards IRM's global vision, mission, and strategy. The Governance Team works in conjunction with the global team and other executives who manage the IRM qualifications and examinations. Promoting accountability and integrity in enterprise risk management education, is of paramount importance for the Governance Team.

Hersh Shah, SIRM
Chief Executive Officer, IRM India Affiliate

Youngest and Leading Enterprise Risk Expert in India



Hersh Shah, a Commerce Graduate from Mumbai University (H.R. College of Commerce & Economics), is a member of the Institute of Chartered Accountants of India (ICAI) and an alumnus of IIM-Bangalore. He is the Youngest and Leading Enterprise Risk Expert in India who has earned the Technical Specialist in Enterprise Risk Management from Institute of Risk Management, UK. He started advocating the need for 360 degree risk management at a young age of 21 and has addressed over 12,000 students and professionals. He has over 14 years of experience in audit and assurance, risk management, consulting and corporate finance including structuring of strategic alliances & partnerships.

He started his career with KPMG in the Governance, Risk and Compliance (Risk Advisory) services, where he worked on many enterprise risk consulting assignments across South Africa, USA, UK, China and the Middle East. He was also selected amongst the 'Top 6' of the firm as part of the Ideas for Innovation Initiative by the CEO's Office at KPMG India. Prior to setting up IRM to India, Shah set up and managed a microfinance NBFC within a financial services group where he scaled up the portfolio to over USD 15 mn leading a team of 250+ people across India across Maharashtra, Karnataka, Bihar, West Bengal and Assam. He also has a 12-month experience of setting up a business school ground up with expertise in financial planning, budgeting, strategy, project management, fundraising and more. Hersh was also one of the 450 people to be selected in 2014 for a social entrepreneurship train journey across India which helped him decipher rural and semi-urban India.

He is a member of the National Education Committee of FICCI, Vice Chancellors Council of All India Management Association (AIMA), Audit and Risk Management Committee of ASSOCHAM, Risk Committee of Della Leaders Club, Internal Audit Committee of Bombay Chartered Accountancy Society, Life Member of Institute of Directors (IOD) and is a frequent speaker on risk-related topics at various conferences and author for newspapers and magazines. He has also been a Jury Member of the India Risk Management Awards for CNBCTV18. Hersh has also been selected as a Mentor in Turner MIINT ESG competition to support teams from Wharton Business School and Dartmouth College. He is also an Agenda Contributor for World Economic Forum and Forbes Advisor.

In his free time, Hersh enjoys reading, nurturing and scaling new ideas, singing and watching lawn tennis.
Sanjay Himatsingani
Director, Training & Business Development, Institute of Risk Management, UK

Strategic Advisory Board Member – IRM India Affiliate

Sanjay Himatsingani works with clients to ensure that everyone from the CEO to the front-line team have the knowledge and skills necessary for the organisation to improve their Risk Maturity and embed risk management. Through programmes of individual workshops and long-term learning and development plans, organisations become more proactive in managing risks, employees become more engaged, and teams become more productive. Sanjay has extensive experience working with a number of national and multi-national businesses within the public, private and not-for-profit sectors.

As a seasoned learning and development consultant, he combines his years in the business and training worlds into developing bespoke and tailored programmes for organisations globally. Clients include Barclays Bank, UBS, Saudi Aramco, BP, Network Rail, General Medical Council, NHS, Ministry of Defence, National Grid, Prudential and Ecclesiastical.
Kosha Parekh, IRMCert
Head of Academics & Operations

IRM India Affiliate

Kosha is the Head of Academics & Operations at the IRM India Affiliate. She has completed IRM's Level 1 Examination and Level 2 Qualification in Enterprise Risk Management. Prior to this she completed her law degree from Government Law College, Mumbai, the oldest law school in Asia, is an Advocate registered with the Bar Council of India, and has practised in the field of Real Estate law at IC Universal Legal for about 5 years.

Her expertise lies in maintaining overall governance on academics and operations, developing new academic programmes, automating processes, conducting research, developing case studies and supporting organisations with their talent needs.

During her career, Kosha also assisted a Senior Professor in preparation and revision of three core law textbooks, used by students across India for law study preparation. Kosha has also completed all 8 grades of the Trinity School of London’s Speech and Drama examination.
Bheru Choudhary
Independent Director

IRM India Affiliate


Senior Partner


IC Universal Legal

He is a graduate in Commerce and received his Bachelor’s degree in Law in 1990 and qualified as a Solicitor (stood first in the exam) from the Bombay Incorporated Law Society in 1992. Thereafter, he qualified as a Solicitor from the Law Society of England & Wales in 1994 to practice law in the Supreme Court of England & Wales and Supreme Court of Hong Kong.

His expertise lies in real estate (including Slum Redevelopment Project), Media and Entertainment, Corporate and Commercial laws, Litigation, and Arbitration. He advises several film producers and distributors on issues arising in the entertainment industry as also leading film celebrities in India on diverse contractual documentation and agreements and advising on issues such as defamation. He advises project developers on raising funds from reputed financial institutions and banks including by way of undertaking projects in joint ventures.
Sunder Natarajan, CFIRM
Independent Director

IRM India Affiliate


Chief Human Resources Officer


IndiaFirst Life Insurance

Sunder Natarajan is the Chief Compliance & Risk Officer of IndiaFirst Life Insurance. In his five-year long association with IndiaFirst Life Insurance, Natarajan has led the Bancassurance distribution strategy for the company and helped build an integrated Bancassurance model with the partner banks. In a career spanning 25 years, Sunder has worked in the Insurance industry for two decades. He has proven excellence across diverse functions including Sales, Customer Service, Strategy, Bancassurance, Customer Retention, Operations, Quality, Business planning, Training, Communication & Governance.

Sunder holds a Bachelor of Commerce degree from the University of Madras and a Post Graduate Diploma in Business Administration from Narsee Monjee Institute of Management Studies, Mumbai. He completed an Accelerated Leadership Programme from Indian Institute of Management, Ahmedabad and is a Certified Fellow of the Institute of Risk Management (CFIRM).

Mehul Shah
Managing Director

Encube Ethicals Private Limited

Mehul Shah has over 35+ years of entrepreneurial experience in technical and business leadership, building Encube into a global leader in topical formulations. His passion and expertise in topical formulations have defined growth and strategy for the company. Encube Ethicals was valued at $800 million in 2021 and it has 3 business segments: (a) contract manufacturing for domestic and export markets; (b) generic products under own brand for US market; and (c) branded products for the India consumer market. The manufacturing facility in Madkaim - Goa, is the largest single-site topical manufacturing facility in the world, and it is approved by leading global regulatory agencies including the US FDA.

He also serves on the board of 3 companies in US - Intact Therapeutics Inc., Tioga Research Inc., and Enzen Therapeutics Inc. He was awarded Emerging Entrepreneur of the Year at Indian Pharma Awards 2015. He is also Honorary General Sectary at The Indian Drug Manufacturers' Association (IDMA), the preeminent industry association of India-based pharmaceutical companies.
Dhanpal Jhaveri

Everstone Group

Dhanpal Jhaveri is Vice Chairman at Everstone Group, a premier investment group focused on India and South East Asia with assets in excess of US$6 billion across private equity, real estate, green infrastructure and venture capital. The firm has a unique investment strategy focused on investing as well as building businesses. It employs more than 350 professionals across India, Singapore, Mauritius, London and New York. He is also the CEO for EverSource Capital, which is a joint venture between Lightsource BP and Everstone Capital to make green and sustainable investments in India.

Dhanpal is also past president of TiE, Mumbai, and serves as a board member of IMC and the Climate change Committee of CII. He's also on the board of the Avasara Leadership Academy, which aims to cultivate India’s next generation of women leaders.

Dhanpal’s previous experience includes Director (Corporate Strategy) with Vedanta Resources Plc, Head of Investment Banking at ICICI Securities and Partner for Corporate Finance at KPMG. Dhanpal has a Bachelor of Commerce from the University of Mumbai and a Master of Business Administration from Babson College.
Rahul Parekh
Agri-Tech and Real Estate Investor
Rahul Parekh is an investor, second-generation real estate entrepreneur, and a part of the Promoter Group of Suraksha Realty. He is also involved in affordable housing projects and a farming venture. He has completed his graduation and Masters from Symbiosis International University and Middlesex University, respectively.

Currently, Rahul is working on a Pradhan Mantri Awas Yojana (PMAY) project at Vasai- Suraksha Smart City.
Shailesh Haribhakti

Shailesh Haribhakti & Associates

A man who has worn many hats in the corporate world & raised standards of various organizations so high, that people consider him as a serial Innovator, Pioneer, Teacher, Speaker, Author, Analyst, Entrepreneur & Citizen of the World (Vasudhaiva Kutumbakam). He is not only a Chartered & Cost Accountant, Certified Internal Auditor, a Certified Financial Planner, Fraud Examiner, but also a Board Chairman, Audit Committee Chairperson, and an Independent Director at some of the country's most pre-eminent organizations. He is a global thought leader in the area of Environment, Social & Governance, and has helped pioneer Impactful concepts like IR & Innovating path to Net Zero. He has
been conferred with the Global Competent Boards Designation (GCB.D) by Competent Boards Inc.. He has been awarded “Vivekananda Sustainability Award – 2022” by Vivekananda Youth Connect Foundation.

Mr. Haribhakti actively promotes shared value creation and a green environment through his own enterprise, and his leadership roles as Chairman of the CSR / ESG / Sustainability committees of some of the Boards that he serves on. He has successfully established the concept of “Innovate to Zero” and technology enabling CSR / ESG / SUSTIANABILTIY which is in alignment with the idea of making the impact of every intervention focused, widespread, co-operative and far-reaching.
Dr. Rabi N. Mishra Ph.D
Senior External Advisor

IRM India Affiliate


Director, College of Supervisors / Former Executive Director, (Supervision & SupTech), Reserve Bank of India.


Harvard Fellow in Economics.

Author of the Book "Systematic Risk & Macroprudential Regulations - The Global Financial Crisis & Thereafter"

A central banker for more than three decades and a half, Dr. Rabi N. Mishra was the Executive Director at RBI, INDIA’s Central bank. In this capacity, he was looking after the areas of Supervision (and SupTech) of Commercial Banks, Urban Cooperative Banks & Non- Banking Financial Companies in India. He had earlier held the positions of the Head of Risk Monitoring, Financial Stability, and the Central Training Institute of RBI. He was also the Administrative Head of RBI in the provincial states of Uttar Pradesh, Uttarakhand, and Jharkhand.

He is currently the Director of “College of Supervisors” a new capacity-building institution established by the Reserve Bank of India for the personnel in the Supervision, Regulation, and Financial Stability space in India and other jurisdictions. The aim of this institution is to create capable functionaries who can help reduce the probability of distress in the financial systems.

He has worked as a member on the Boards of two Commercial Banks in India and a few Committees of the Financial Stability Board. He had the opportunities to work closely with the IMF and the BIS too. He had helped set up of the Macro-Financial Surveillance Architecture for India as well as Oman. He has a Ph.D. in Economics and had a stint as a Post-Doctoral research fellow at the Economics Department of Harvard University. His professional expertise hinges on Macroeconomic Policy issues, Regulation/Supervision, Financial Crisis Resolution, Macro-Financial Surveillance, Risk Management, and Executive Learning Management.