Executive Team

Jayakumar Krishnaswamy

Managing Director

Mr. Jayakumar Krishnaswamy joined Nuvoco as Managing Director in September 2018; responsible for its three business divisions; cement, ready-mix concrete and aggregates. This is his second innings with Nuvoco; having previously helped establish the green-field site for the Chittor Cement Plant and its distribution system.

Mr. Krishnaswamy has over 30 years of experience across the Automotive, Building Materials, Engineering, and FMCG Industries. His last assignment was as Managing Director of AkzoNobel India; where he was responsible for Srilanka, Bangladesh, Nepal and Bhutan.

Prior to that, Mr. Krishnaswamy was General Manager Supply Chain at Hindustan Unilever; where he worked in various positions and across manufacturing sites in the Home & Personal Care, and Foods segments. He was also responsible for setting up green-field plants, managing the supply chain and leading the organisation’s transformation agenda for the South Asia region.

Mr. Krishnaswamy started his career in manufacturing with M/s Brakes India Limited and was later associated with Eicher Tractors Limited; where he was also part of a task force involved in introducing TQM concepts.

Mr. Krishnaswamy is a Mechanical Engineer and alumnus of Delhi College of Engineering. During the course of his career, he developed expertise in integrated supply chain management, kick-starting new initiatives, and transforming organizations.

Devendra Shangari

Human Resources & Industrial Relations

Mr. Devendra Shangari has been heading Human Resources and Industrial Relations for Nuvoco across all business lines since 2014.

Mr. Shangari joined Nuvoco in 2002 to head Personnel & Administration at Nuvoco’s Arasmeta Cement Plant, and later moved to Kolkata to take up a role as BU Training Head in 2006. After a year, he was heading HR Operations and was responsible for HR and industrial relations for all cement plants and project sites in the East. During this time, Mr. Shangari additionally supported Lafarge Bangladesh as Head of HR for about a year.

Mr. Shangari has varied experience in human resources and industrial relations; spanning more than three decades, and across industries; ranging from tea, engineering, steel and cement; managing HR Operations as well as strategic HR leadership roles. Before joining Nuvoco he worked with Gontermann Piepers India Ltd. and Ispat Industries Ltd.

Mr. Shangari holds a PGDHRM (MBA) from Indian Institute of Social Welfare and Business Management (IISWBM), Kolkata University. He is a PGD in Industrial Relations and Personnel Management from Bhartiya Vidhya Bhawan, Kolkata; and LLB (Legum Baccalaureus) from Allahabad University.

Joydeep Chatterjee

Special Projects, CSR & Corporate Affairs

Mr. Joydeep Chatterjee heads the Special Projects, Corporate Social Responsibility (CSR) and Corporate Affairs functions at Nuvoco.

Mr. Chatterjee joined Nuvoco in 2008 as Senior Vice President of Green-field Projects; where he successfully commissioned the Rajasthan, Bhivani and Sonadih Railway line projects. In 2012, he was made Chief Project Officer; and in September 2016, he was given additional responsibilities of overseeing the organisation’s CSR activities. He has been heading Corporate Affairs for Nuvoco since May 2017.

Mr. Chatterjee started his career with the DCM Group in Shriram Refrigeration in 1983; he covered a gamut of roles ranging from being Executive Assistant to the CEO & MD, to Corporate Planning & Strategy, and heading Projects. He was also part of the Honda Genset and Honda Car projects. Following Tecumseh’s acquisition of Sriram’s compressor business; Mr. Chatterjee headed the organisation’s Hyderabad unit, and later headed operations for Hyderabad and Ballabgarh. He has overseas work experience in the USA, France and Brazil for precision engineering projects. He briefly headed Operational Excellence globally for Dr. Reddy’s Laboratories before joining Nuvoco in 2008.

Mr. Chatterjee has a strong grounding in precision engineering, and over thirty years of experience in Project Management and Operations. He holds a Bachelors degree in Mechanical Engineering from Delhi University and an MBA. He is a certified Six Sigma Master Black Belt, Certified Auditor of Environment Systems ISO 14000 by Marsdon United Kingdom, as well as qualified in Total Quality Management.

Prabal Bandyopadhyay

Health, Safety & Environment

Dr. Prabal Bandyopadhyay heads Health, Safety and Environment (HSE) for Nuvoco; where he is responsible for spearheading and implementing policies and promotes good practices in Health, Safety and Environment across all business lines; to distinguish Nuvoco as setting benchmarks in HSE for the building materials industry.

Dr. Bandyopadhyay joined Nuvoco in 2005 as Chief – Health and Safety for its Cement business. In 2012, he was entrusted with responsibility for driving HSE in country operations; comprising of the Cement, Ready-mix and Aggregates businesses.

Dr. Bandyopadhyay started his career in HSE with Hoechst India in 1994. He was appointed as Head Environment, Health & Safety (EHS), India in Aventis CropScience Limited in 2002; and continued to lead the EHS function in Bayer CropScience Limited till 2005.

Dr. Bandyopadhyay has published several National and International papers in the field of HSE; besides being a popular speaker at various CII and FICCI fora. He has been visiting faculty in ISTAR, SP University; Vallabh Vidyanagar, Anand, Gujarat; and a core faculty member at Ankleshwar Environment Preservation Society, Ankleshwar, Gujarat.

Dr. Bandyopadhyay graduated with Honours in Physics from Calcutta University in 1988 and has a Masters degree in Environmental Science (1991). He holds a Ph. D in Life Sciences (2001) from Gujarat University, Ahmedabad. He also holds an Advanced Diploma in Industrial Safety from Technical Education Board, Gandhinagar, Gujarat.

Maneesh Agrawal

Chief Financial Officer

Mr. Maneesh Agrawal joined Nuvoco as Chief Financial Officer in October 2017. He is responsible for the overall Finance function of Cement and Ready-Mix Concrete (RMX) businesses at Nuvoco; comprising of Corporate Finance, Operational / Business Finance, Banking, Treasury, Funds Management, Working Capital Management, Accounts, Audit, Direct & Indirect Taxation, Shared Serives, Information Technology, Internal Financial Controls, Policies & Processes, and Insurance.

Mr. Agrawal has nearly two decades of vast hands-on experience in partnering with business teams in delivering targeted EBIDTA and value creation. He has wide experience in leading project finance teams across several brown-field and green-field projects; and has also successfully implemented various Finance and IT related projects besides integration (Systems, Processes, Culture) of Finance and Accounts teams of different companies post M&As. Mr. Agrawal has worked extensively in different geographies, with culturally-varied professionals and across various age brackets.

Mr. Agrawal’s last assignment was with Dalmia Cement (Bharat) Ltd. as Deputy Executive Director – Finance & Accounts; where he made significant contributions in Finance, Strategy and Operations. Prior to joining Dalmia Cement Mr. Agrawal worked with Ballarpur Industries Ltd (BILT); where he was responsible for fund raising of both debt and equity. During his stint at BILT, he introduced innovative ways of debt syndication to reduce borrowing cost.

Mr. Agrawal is a Graduate in B. Com (Honours) from Hans Raj College, Delhi University and a qualified Chartered Accountant from The Institute of Chartered Accountants of India. He is a recipient of National Mathematics Olympiad Award.

Recently Mr. Agrawal has been awarded with the prestigious ‘CFO100 2018’ Roll of Honour award in the category of Collaboration by CFO India.

Madhumita Basu

Sales, Marketing & Innovation

Ms. Madhumita Basu heads Sales and Marketing for Nuvoco’s cement business. She also heads Innovation for Nuvoco across all its business areas.

Ms. Basu joined Nuvoco in 2010 as Excom Member and Head of Marketing for its cement business; where she shared responsibility for driving key corporate goals in safety, growth, business performance, innovation and people development. In October 2015; she was given the additional mandate of heading sales for the cement business; along with driving innovation processes, new products and services for the Residential Housing segment.

Ms. Basu took charge of heading Innovation for Nuvoco in April 2017; where she drives the organisation’s five-stage innovation process through its world-class Construction Innovation Development Centre. The Centre is a hub for developing new products from point of conception to market introduction; it also nurtures dynamic partnerships to develop intelligent and relevant construction technologies.

Ms. Basu has over three decades of experience in customer-centric processes and cross-functional engagement within strategic planning, sales and marketing (domestic and international), business development and outsourcing; as well as quality management and IT. Prior to joining Nuvoco, she worked with Exide Industries and Eveready Industries India.

Ms. Basu has a Bachelor degree in Commerce and a Masters in Management Studies (Finance Major) from Mumbai University. She has been associated with various fora for Training and Development programmes. She is also a recipient of the Confederation of Indian Industry (CII) Young Manager Award and a Past President of The Calcutta Management Association.

Nuvoco Vistas Corp. Ltd.

Nuvoco Vistas Corp. Ltd. has been a part of the Indian construction landscape since 1999; through its cement business. We currently have six cement and close to sixty five ready mix concrete plants in India. We have an established presence across all major cities and towns in India. Our operations across two business divisions Read More



The Construction Developmen...


Ever noticed those random c...


For many years, from about ...

Read all Blogs