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board of directors

V. Arun Roy

Secretary, MSME Department and Additional charge, Secretary (Expenditure) to Government, Finance Department

Mr. Arun Vasu

CMD of TT Group companies, part of the TTK family

Mr. Balachadran M

Former Chairman & MD, Bank of India., Chairman, National Payments Corporation of India (NPCI), Director (Chief Executive): Instt. of Banking Personnel Selection (IBPS).

T. Udhaychandran

Principal Secretary to Government (Finance Department)

Mr. Vineet Singhal

General Manager, National Housing Bank

T. Udhaychandran

Principal Secretary to Government (Finance Department)

Thiru. T. Udhayachandran, IAS aged 51 years, holding an B.E.(ECE); and belongs to 1995 batch of Indian Administrative Service. Thiru. T Udhayachandran, IAS has over 20 years of service in various departments of Government of Tamil Nadu. Currently, Thiru. T. Udhayachandran IAS holds the position of Principal Secretary to Finance Department.

Thiru. T. Udhayachandran IAS was working as Principal Secretary to Chief Minister since 2021. He has handled various portfolios in Government organization. He was Commissioner for Department of Archaeology and Secretary to School Education Department and Tamil Development & Information Dept. He was Secretary (Expenditure), Finance Dept. and has served as Collector in Erode and Madurai Districts. He was the Managing Director of INDCOSERVE, Coonoor and ELCOT, Chennai; Director, RD & Panchayat Raj, Chennai. He has successfully conducted local body elections after ten years to ensure social justice in three rebel village panchayats.

Academic Background

  • He secured all India 38th rank in the Civil Service Examination in 1995 and he was one of the youngest officers of his batch
  • Post graduated in Master of Business Administration in University of Madras; - Graduation in Bachelor of Engineering (Electronics & Communication Engineering) from Institute of Road and Transport Technology, Erode in Bharathiar University;

V. Arun Roy

Secretary, MSME Department and Additional charge, Secretary (Expenditure) to Government, Finance Department

Thiru. V. Arun Roy IAS., aged 44 years, is an Officer of Indian Administrative Service (IAS) belonging to 2003 batch. He is currently the Secretary, MSME Department and holding full additional charge of the post of Secretary (Expenditure) to Government, Finance Department. He was the Chief Executive Officer of Tamil Nadu Infrastructure Fund Management Corporation Ltd (TNIFMC). He has served in various capacities including Under Secretary, Deputy Secretary to Government Finance Department and Joint Secretary in Finance Department, Collector of Krishnagiri and Ramnad Districts, Managing Director of Chennai Metropolitan Water Supply and Sewerage Board, Vice Chancellor incharge/Registrar of Tamil Nadu Law University, Managing Director of Poompuhar Shipping Corporation, Commissioner for Welfare of Differently Abled Persons, and Special Secretary of Industries Department.

He holds B.A., LLB (Hons) degrees.

Mr. Balachandran M

Former Chairman & MD, Bank of India., Chairman, National Payments Corporation of India (NPCI), Director (Chief Executive): Instt. of Banking Personnel Selection (IBPS).

Balachandran Muthusamy, has been a career banker for 37 years. He worked in India and abroad for over 33 years in Bank of Baroda, lastly as Chief Executive for the bank’s American operations at New York.

Thereafter, he headed Bank of India and superannuated as its Chairman and Managing Director in 2007 and subsequently Institute of Banking Personnel Selection and retired in 2012. He specialised in Agriculture and SME, Corporate and International Banking and Human Resource Management.

He was instrumental in founding the Star Union Dai Ichi Life Insurance Co., a joint venture between Bank of India, Union Bank and Dai Ichi life insurance Co of Japan and was its founder Chairman for 3 years till 2011.

He was also ex-officio Chairman of - BOI Shareholding Co. and Bank of Baroda (Guyana) Inc. (South America) and Director on the boards of Indo Zambia Bank Ltd., Nabard Consultancy Services and Agricultural Finance Corporation Ltd., Small Industries Development Bank of India (SIDBI). He conceptualised and founded "Abhay" BOI sponsored Credit counselling Centre, the first of its kind in the country.

During his tenure, BOI expanded its overseas network by adding Beijing and upgrading Schenzen branches in China, Antwerp in Belgium, acquired majority stake in Bank Swadesi in Indonezia and secured licenses for subsidiaries in Tanzania and South Africa.

He was on the special committee set up by Govt. of India for making Mumbai as International Financial Centre, member of High Power Advisory Committee of SEBI on Consents and Compounding., and member of R&D Advisory committee of National Housing Bank (NHB). He was also on the Boards of Chartered Financial Management Ltd. as Independent Director and PNB MetLife Insurance as Nominee Director of Punjab National Bank.

Other committees where Mr. Balachandran was associated are - Chairman, Committee for Review of Depositories System in India (SEBI); Chairman, Expert Group for Merger of Urban Co-op. Banks (RBI); Trustee, DHAN Foundation, Member of External Advisory Committee of RBI for screening of applications for Small Finance Banks.

Mr. Balachandran has actively participated in several National and International seminars and conferences as speaker and panelist.

Born in 1947, he is a Post Graduate in Agricultural Sciences and Certified Associate (I) of Indian Institute of Bankers and lives in Chennai.

Thiru. Arun Vasu

Chairman and Managing Director of TTK Group of Companies,

Thiru. Arun Vasu aged 53 years, son of Thiru. TT Vasu, is the Chairman and Managing Director of TT Group of Companies, a Service Industrial sector of TTK Family. He hails from a family of well recognized businessmen and Philonthrophists in south India. He is the grandson of Thiru. TT Krishnamachary, the First Finance/ Commerce Minister of India in Sri. Jawaharlal Nehru’s Cabinet and the founder of TTK Group of Companies, one of the leading business conglomerates in South India.

He is currently Director of around 12 companies. He is also one of the Trustees of Worth Trust one of the leading NGO’s in Tamil Nadu involved in assisting and training the physically challenged persons in various industrial places like Katpadi, Pondy, Trichy etc.,

He is in business since the age of 22 years assisting his father as a Director of TT Travels Private Limited. He has rich experience of over three decades managing various businesses such as (i) Visa Outsourcing businesses for Embassies/ consulates in India and abroad having various offices in India and abroad (ii) Full Fledged Money Exchange business activity having around 26 branches throughout India (iii) General Sales Agency & Back office support functions for British Airways World Cargo, Etihad Airways Cargo, Singapore Airlines cargo in various locations throughout India (iv) Customs Bonded Trucking and General trucking business having offices throughout India (iv) Hospitality Industry having a boutique hotel, restaurant and a resort in a unique destination in ECR near Marakkanam (v) Ocean & Adventure Water Sports Industry (vi) Insurance Broking office having offices in various locations in South India.

He has been involved in Water sports, Ocean Water and Adventure sports for the past three decades. In addition, he is involved in various CSR activities in Chennai mainly in Kovalam village assisting beach cleaning, training fishermen community youth in Ocean Water & Adventure sports, Women empowerment, village infrastructure development and other activities. He is also the President of the Surfing Federation of India and Honorary Consul of Sweden.

Mr. Vineeth Singhal

General Manager, National Housing Bank

Shri Vineet Singhal is an Associate Member of the Institute of Cost Accountants of India, an Associate Member of the Institute of Company Secretaries of India and holds Masters in Business Administration (Finance). He is also a Certified Associate of the Indian Institute of Bankers with Honours Degree in Commerce from Shri Ram College of Commerce.

He is presently working as General Manager in National Housing Bank, a statutory body under the Govt. of India that supervises and supports the development of a sound and sustainable housing finance system in the country. The Bank is also engaged in financing and promotional activities. He has a post qualification experience of more than 28 years and has worked in various capacities in the Bank.