Board of Directors

The Pillars of Our Company

Home > Board Of Directors


Mr. Durgesh S. Chandavarkar


With over 35 years of experience across varied industries he is at the helm of many companies. He is the Chairman & Managing Director of Standard Greases & Specialities Private Limited and Geotic Company Limited, Chairman of Royal Castor Products Limited, Director of Astrum Healthcare Private Limited, Standard Oils & Greases Private Limited, Tide Water Oil Co. (India) Ltd. and Veedol Internal Limited based in United Kingdom.

He is also actively involved in various Community Social Responsibility(CSR) projects through Charitable Trusts where he is a Trustee.


Mr. Udaykumar P. Gurkar


On the Board of Directors since 2008-2009, SVC Bank has seen many a shining moments under his able leadership.

A veteran with cross-industry experience (mainly multinationals- Castrol Limited, German Remedies Ltd and Aventis Pharma Ltd since 1979.), he has held key positions - Chief Internal Auditor, Senior Management Accountant, Accounts Controller, General Manager Finance & Company Secretary and General manager- Business Planning and Analysis and General Manager -Finance (FMIS). He has contributed extensively in the areas of Accounting, Operations /Internal Audits, Investigations, Treasury, lnsurance Excise, Corporate Taxation, Systems and Procedures, Budgets and Budget Controls, International Reporting etc.

He is an Independent Director in a listed pharmaceutical company.

He is also a trustee in certain social organisations.


Mr. Raghunandan U Bangalorekar

B. Com., LL.B., CAIIB (I), Auditor / Lead Auditor (ISO 9000:2000) Certification from SGS Somerset, U.K

A seasoned banker with all round experience of over four decades in Banking industry he brings in the learning from multinational and private banks. He has worked in ANZ Grindlays Bank PLC as Western India Regional Head Credit Operations – Wholesale Banking, Standard Chartered Bank PLC as Western India Regional Head – Credit Risk Control, Kotak Mahindra Bank Limited as Senior Vice President & India Head – Credit Administration (WB), Barclays Bank PLC – PAN India Head for Credit Risk Control – Whole Sale Banking and finally with RBL Bank as Consultant. As Group Leader in standardisation of credit administration activities of Barclays Bank across 14 countries, he has also designed and developed automated CFMS credit Facilities Management System and Document Management System in the Banks.


Mr. Prakash A. Bijoor

Chartered Accountant, Management Accountant , Certified Public Accountant (USA).

Has served on the Board of SVC Co-op Bank for 12 years, as Chairman of Audit Committee, Chairman of Admin Committee and member of NPA and IT Committees. He has worked for International Companies in India and abroad in Finance, Accounting and Commercial Areas at the Board level.


Mr. Sunil S. Gokarn

M. Com., LL. B (General). CAIIB.

Having managed many an assignments with Bank of India for 40 years, he brings in expertise in controlling priority sector advances including MSME, Corporate Credit/ Green Field projects as well as syndicating loans for infra projects like road, power, credit monitoring and NPA management.

In a career decked with many senior management responsibilities both in India and abroad, last position held was DGM – Mid Corporate Credit, Pune Div. Office, Bank Of India. He was also faculty on retainer basis at Indian Institute of Banking and Finance from April 2016 to March 2018


Mr. Girish R. Karnad

B. E. (Hons), Electrical and Electronics, Masters in Administration Management

With a wide experience in senior management positions across companies like NELCO, Pertech Computers, Samsung Electronics Company Limited,IBM India Limited, Mahindra British Telecom, WNS Global, Patni Computer Systems and Mastek he brings in expertise in Talent Acquisition, Human Resources, Information Technology, Facilities, Administration & Procurement.


Mr. Uday S. Koppikar


On the Board of Directors of SVC Bank since 2013-14, he brings in a rich experience of 34 years in the banking sector, beginning with Maharashtra State Co-op Bank Ltd to Standard Chartered Bank, managing many a responsibilities including regional Managerial duties of Banking Operations.


Mr. Ravindra K. Kulkarni

LLM – Solicitor High Court

On the Board of Directors of SVC Bank since 2006-07, he has a vast experience as a legal practitioner, particularly on matters relating to corporate law, foreign collaborations, joint ventures, mergers and acquisitions, capital markets, public offerings for listing of securities in India as well as in international markets, infrastructure projects etc.


Mr. Arun D. Mavinkurve

B Tech from IIT, Bombay and D.B.M. from Mumbai University

On the Board of Directors of SVC Bank since April 2017, he brings in a vast experience ranging from manufacturing industry to financial institutions to areas like private equity and debt management.

He has also done one year Executive Programme in Applied Finance from IIM Calcutta and a short duration course in Financial Derivatives at IIM Bangalore and in Financial Services at IIM Ahmedabad.


Ms. Smita P. Mavinkurve


In a career, chequered with multiple dimensions, she has donned many roles from that of a Mathematics academician to Information Technology development for corporates. She was involved in the development of IT systems for Production Planning and Monitoring, Shop-floor management, HR, Materials Management, Sales, etc. at Metal Box India in their Mumbai and Kharagpur factories. She was responsible for the software development at International Data Management (IDM) and then ROLTA. She has been on the Board of Directors of SVC Bank since 2013-2014.


Ms. Maitreyi S. Sanadi

B. Sc. (Hons), CAIIB and Licenciate in General Insurance.

With a rich experience of 35 years, she joined State Bank of India as Probationary Officer, Junior Management Grade I and reached up to Top Executive Grade VI. She was also posted at Osaka Branch – Japan as VP Credit and Operations from 2004 to 2007. During 2007-08, she was deputed as SBI Nominee Director on Boards of State Bank of Patiala and State Bank of Bikaner and Jaipur. Subsequently worked in SBI corporate office as DGM HR Department. Before she took retirement she was DGM Personal Banking Business Unit, Local Head Office, Chennai. She has specialised in Corporate Credit and has Branch and Administrative Office experience.


Mr. Pramod D. Shedde

B. Tech in Aeronautical Engineering from IIT Mumbai and is an alumnus of MIT Boston USA.


Mr. Shedde was Managing Director of BTS Investment Advisors Pvt. Ltd. He was also President of ICICI Venture Funds Management Co. Ltd. He was part of a unique team within ICICI designed to identify unmet demand and unserved needs in the Indian Economy as a part of "Project Promotion" which also involved encouraging new private sector initiatives.

He has been on the Board of Directors of SVC Bank since 2013-2014.


Mr. Rubab N. Tadvi



He has worked for 36 years in the Maharashtra Police Department and served in various districts of Maharashtra. Has worked with CID Crime Branch, in various Operations in Mumbai City. He was also Deputy Commissioner Mumbai Airport Zone, Deputy Commissioner Operations Mumbai City. He was alo the Principal of Police Training College at Marol, Mumbai.


Mr. Ajit E. Venugopalan

B.Com, Chartered Accountant

Mr. Ajit E. Venugopalan, B.Com, Chartered Accountant, has been appointed the Managing Director from October 2017. He is a veteran member of the SVC Bank family having rendered 28 years of loyal and committed service to the Bank. He joined SVC Bank in 1989 as an Officer and has risen through the ranks by working in various branches and departments. Before taking up this new role, he was the Head - Corporate Banking.