New Delhi: Vipul Bansal has been appointed as Government Nominee Director on the Board of MMTC Limited, a Miniratna PSU under the Ministry of Commerce and Industry. According to an order issued from the Department of Commerce dated December 17, Bansal has been appointed to the MMTC Board in place of Shyamal Mishra, who was relieved on December 7, 2021, from the Department of Commerce, said MMTC in a regulatory filing to the stock exchanges on Tuesday.
Bansal is a 2005-batch Indian Administrative Service (IAS) officer of the Karnataka cadre. He is presently holding the post of Joint Secretary in the Department of Commerce, Ministry of Commerce and Industry.
Vipul Bansal holds a B Com (Hons) degree and is a CA. Prior to joining as Joint Secretary in the Ministry of Commerce and Industry, he held the portfolio of Personal Secretary to Minister of Commerce & Industry from February 2017 to August 2017 and Personal Secretary to Minister of Defence from September 2017 to March 2019. He has also held the position of Personal Secretary to Finance Minister from June 2019 to October 2021. He also held various positions with the state government of Karnataka, the last one being Commissioner (Rural Development), Rural Development & Panchayati Raj Department, Govt of Karnataka.
Bansal is not related to any other Director on the Board of the Company on the date of his appointment in MMTC Limited and is not debarred from holding the office of Director pursuant to any SEBI order or order of any other such authority, said MMTC.
MMTC Limited is a leading international trading company in India and has been in existence for close to six decades. MMTC Limited was formerly known as Metals and Minerals Trading Corporation of India. It is one of the two highest earners of foreign exchange for India and India’s largest public-sector trading body.
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