OREANDA-NEWS. Tata Power, India’s largest integrated power company, today announced Vishakha Mulye, managing director and CEO of ICICI Venture Funds Management Company, as an independent director of the company with effect from February 28, 2013.

Ms Mulye, 44, joined the ICICI group in 1993 and has vast experience in the areas of strategy, treasury and markets, proprietary equity investing and management of long-term equity investments, structured finance and corporate and project finance. She led the team that planned and executed the merger of ICICI Limited and ICICI Bank Limited in 2002. From 2002 to 2005, she was responsible for the bank’s structured finance and global markets businesses, and its financial institutions relationships. From 2005-2007, she was the chief financial officer of ICICI Bank.

In 2009, she assumed leadership of ICICI Venture Funds Management Company as its managing director and CEO, where she heads the different business verticals and chairs the investment committee of all funds. At ICICI Venture, Ms Mulye has led the firm’s private equity investments into the fastest growing sectors of the Indian economy such as insurance, consumer services, banking and education, etc. During this period, the firm successfully concluded exits of over USD 600 million using a diverse range of exit strategies.

In addition to her responsibility as MD and CEO of ICICI Venture, Ms Mulye serves on the board of directors of leading Indian companies in the media, IT and financial services sectors. She holds a bachelor’s degree in commerce and is a chartered accountant. She was previously a member of the Board of National Stock Exchange of India. She is also a member of the Aspen Institute for ‘India Leadership Initiative’. She was selected as ‘Young Global Leader’ for the year 2007 by World Economic Forum.