Board of Directors

Makrand Appalwar a first generation entrepreneur was instrumental in envisioning, and transforming Emmbi from a trading company, to a large-scale manufacturer. He has over two decades of experience in the polymer industry, and is the recipient of many awards.

He lays great emphasis on teamwork, mentors the sales team, drives product development, and is continually seeking ways to enhance sustainability, in the ecosystem around Emmbi.

Makrand is a graduate Mechanical Engineer, from Maharashtra Institute of Technology, Pune, (India) and an alumnus of MIT Sloan School of Management, Boston (US).

Rinku Appalwar, the cofounder oversees the finance, purchase, logistics, and administrative functions of the company. She is a firm believer in setting high standards and this has translated to her being felicitated as the leading lady in manufacturing for three years in a row.

Rinku was instrumental in taking the company public, and ensuring it’s five-fold growth in five years from the time Emmbi became a publicly traded company.

Rinku is a graduate in Chemistry from Mumbai University, and an alumnus of IIM Bangalore.

Mr. Krishnan has a combined experience of over 25 years in the fields of Strategic Planning, Risk Management, Private Equity and M&As. He holds a key influencer role at a family office, which has interests in India’s largest privately held logistics entity with supra-national ownership. He is also an active investor in the start-up space in India, Singapore and the US, and sits on the Advisory Board of a Microsoft ISV. He has been engaged with and overseen multiple fund raises of over $600 million, and M&As of over over $5 billion.

His professional career has been associated with the Banking, Private Equity, Information Technology, Manufacturing, and Services verticals, and given him the rich exposure of working with 60 different nationalities. Mr. Krishnan is a graduate of the Birla Institute of Technology & Science (BITS), Pilani, India and a post-graduate alumnus of MIT–Sloan School of Management. He also holds an Accounting Diploma and is a certified IFRS specialist.

Mr. Lalit Shah, Founder & CEO, Smartech Global Solutions Ltd. with over 30 years of experience spanning manufacturing and IT, Mr. Lalit Shah is a seasoned professional with expertise in establishing quality systems, modular manufacturing concepts, business process reengineering (BPR), e-commerce, database and logic design, particularly within the IT and plastics industries. Mr. Lalit holds an M.S. degree from Cornell University, USA, and a B.Tech degree from IIT Bombay. He was also honored with the prestigious President of India Gold Medal from IIT.

His career includes 13 years of experience in the manufacturing sector, having served as the CEO of Shah Concabs Pvt. Ltd., a Tier-I supplier to the automotive industry. Additionally, Lalit has over 25 years of experience in the B2B marketplace for the plastics industry, notably through his platform, plastemart.com.

Mr. Lalit’s vast expertise also extends to recruitment, where he has contributed to the hiring process for the plastics industry through jobsforplastics.com. Furthermore, he has significant experience in software development, particularly in creating plast ERP, a custom-designed ERP software tailored for the plastic manufacturing industry.

Nitin Alshi is distinguished professional with experience of 27 years. He is A Practicing Chartered Accountant and specialized in the areas of Strategies, Risk Management, Process improvements, Cost Transformations, Value Enhancements and Value based Internal Audits. His unique business consulting experience across industries is valuable to many Corporates.

Mr. Nitin Alshi is highly educated individual with qualifications as FCA, ACMA, PGD-ERM, DISA (ICA), Certified M&A (IIM-Ahmedabad) and he is a knowledge contributor to many Institutions including ICAI, ICMAI, C&AG, National Academy of Direct Taxes, etc. He has served as a member to prestigious forums like Internal Audit Standard Board of ICAI - Delhi, various Committees of WIRC of ICAI - Mumbai, President of Nagpur Chapter of IIA - USA, Managing Committee Member and Professional Development Committee Chairman of Nagpur Chapter of ICMAI and Core Committee Member of Chamber of Small Industries Association of Vidarbha, etc.

He has also disseminated knowledge through his inscriptions in journals of ICAI - Nagpur, WIRC - Mumbai of ICMAI, Vidarbha Industries Association and leading newspapers.

Mr. Nimesh Mehta is a rank-holder Chartered Accountant and a Cost Accountant with over 30 years of rich experience in the field of Finance, Accounts, Treasury, Taxation, Investor Relations, Secretarial and Legal, and Compliance functions in Companies engaged in Cement, Viscose Staple Fibre, Real Estate, Retail and Manufacturing Sectors. As a CFO, his last assignment was with Lake Shore India Management Private Limited (Asset Manager to Lake Shore India Retail Venture Fund, CAT II AIF, backed by one of the top three largest sovereign fund in the world). He was also on the board of joint venture companies representing AIF and contributed significantly to rolling out ERPs, SOPs, Internal Financial Controls, setting up teams and managing the relationship with investors & JV partners. In his previous roles, he worked with Oberoi Realty Limited as Financial Controller and was a key member of the IPO team. He has also worked with Future Group as CFO of its wholly-owned subsidiary, housing retail formats, such as Ezone & Home Town. He started his career with Aditya Birla Group’s flagship company Grasim Industries Limited and has handled Treasury, Investor Relations and was part of M&A Team.

He also served as independent member on the Investment Committee and Risk Committee of CAT III AIF and Fund Management entity providing Portfolio Management Services.

An entrepreneur and business leader, Maithili Appalwar is Vice President at Emmbi Industries Limited (since 2024), where she leads the Company's Avana business unit and drives the growth of Emmbi's international sales.

Maithili founded Avana and grew it from a start-up into one of India's leading agri-input distribution platforms, operating across six states through a network of over 800 channel partners and serving more than 20,000 customers. Her leadership has been instrumental in expanding the business through product innovation, channel development and customer-centric initiatives.

Maithili holds a Bachelor of Science in Industrial Engineering from the Georgia Institute of Technology, a Master of Arts from The Lauder Institute, University of Pennsylvania, and an MBA from The Wharton School.

Mr. Yash Ravi Punjabi is presently serving as Vice President – Operations at Emmbi Industries Limited since 2024, where he is responsible for Information Technology, European operations, and key customer engagements. Since joining the Company, he has demonstrated strong product expertise and has contributed significantly to sales growth and operational efficiencies across markets.

Prior to this role, Mr. Yash Punjabi served as Chief Operating Officer at Avana, the Company’s agri-products division, where he successfully scaled nationwide operations, launched new product lines, and implemented enterprise-wide systems. He began his professional career as a Software Engineer and Team Lead at Microsoft.

Mr. Yash Punjabi holds an MBA in Finance and Operations from The Wharton School and a Bachelor of Science in Computer Science from Georgia Institute of Technology, where he graduated with a perfect GPA. He brings a unique combination of technical depth, operational leadership, and customer-centric strategy.

Mr. Anuj Choksey is a distinguished capital markets professional with over 45 years of experience in institutional equities, securities markets, corporate finance, wealth management, and strategic business advisory. He has held senior leadership positions with reputed organizations, including KR Choksey Shares & Securities Pvt. Ltd., where he served as Senior Vice President & Head – Institutional Broking for nearly two decades, and the Adani Group, contributing to capital market operations, institutional investor relations, banking partnerships, and corporate finance initiatives.

He possesses extensive expertise in corporate governance, strategy, risk management, regulatory compliance, stakeholder engagement, investor relations, and business development. Throughout his career, he has successfully built and managed relationships with leading domestic and international institutional investors, banks, corporates, and regulators, while leading high-performing teams and driving sustainable business growth.

Mr. Anuj Choksey also brings entrepreneurial experience as the Founder & Managing Director of Chatturrbhuj Enterprise and has served as Partner at R.D. Choksey & Co. His broad industry perspective, strategic insight, independent judgment, and commitment to ethical governance make him a valuable contributor to the Board's deliberations.

He is also actively involved in social initiatives as Promoter Director of the Krisna Ganesh Foundation, supporting wellness, education, and healthcare through community-focused programs.