Lalita D. Gupte


Age: 66.

Nationality: Indian.

Professional address: Mhaskar Building, 153 C Matunga, Sir Bhalchandra Road – Mumbai 400019, India.

Principal function: Non-Executive Chairman, ICICI Venture Funds Management Company Limited.

End of current mandate: AGM 2018

First mandate: 22 June 2010 – 1 July 2014.

Independent Director.

Member of the Audit Committee.

Holds 500 shares.

Other current directorships and positions:

In France:


Non-Executive Director of the Board of Bharat Forge Ltd (*), Pune (India);

Non-Executive Director of the Board of Kirloskar Brothers Ltd (*), Pune (India);

Non-Executive Director of the Board of Godrej Properties Ltd (*), Mumbai (India);

Non-Executive Director of Vedanta Limited (*), Mumbai (India); 

Chairperson and Non-Executive Director of India Infradebt Limited, Mumbai (India)

She is also a Member of the CAPP (Center for Asia Pacific Policy) Board of RAND.


Ms. Lalita D. Gupte is currently Chairperson of ICICI Venture Funds Management Company Limited.

She retired at the end of October 2006 as Joint Managing Director and Member of the Board of ICICI Bank Limited. Ms. Lalita D. Gupte was responsible for setting up the International business of ICICI Bank since 2001.

Beginning her career with ICICI Limited in 1971 in the project appraisal division, Ms. Lalita D. Gupte has held various leadership positions in areas of Corporate and Retail Banking, Strategy, Human Resources, and International Banking and other areas.

She was instrumental in transforming ICICI Bank from a primarily term lending institution into a technology led diversified financial services group. Ms. Lalita D. Gupte was at the helm of ICICI Bank’s global foray, which includes operations in over seventeen countries. 

Ms. Lalita D. Gupte joined the Board of ICICI Ltd in 1994 as Executive Director and remained on the Board including as Joint Managing Director until 2002 when it merged with ICICI Bank and she became Joint Managing Director of ICICI Bank from 2002-2006. 

Ms. Lalita D. Gupte has received numerous awards and recognitions. Ms. Lalita D. Gupte holds a Bachelor’s Degree in Economics (Hons) and a Master’s degree in Management Studies. She attended the Advanced Management Programme (AMP) at Insead.


(*) Listed company.