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Arun Dugga

Mr. Arun Duggal is a Visiting Professor at the Indian Institute of Management, Ahmedabad where he teaches a course on Venture Capital & Private Equity.

Arun Duggal is Chairman of Board of Directors of Shriram Capital, Shriram Transport Finance Company, Shriram Properties, Shriram City Union Finance, and Shriram EPC. He is also Vice Chairman of International Asset Reconstruction Company. He is an experienced international Banker and has advised companies and financial institutions on Financial Strategy, M&A and Capital Raising.

He is on the Board of Directors of Jubilant Energy. Netherlands (Chairman Audit Committee), Patni Computers, Fidelity Fund Management, Ecron Acunova, Zuari Industries, Info Edge (Chairman Audit Committee), Dish TV, Mundra Port and Mortice Limited (Singapore) (Chairman of Audit Committee). He is a member of the Investment Committee of Axis Private Equity. He was erstwhile Chairman of the American Chamber of Commerce, India He was on the Board of Governors of the National Institute of Bank Management.

Mr. Duggal is involved in several initiatives in social and education sectors. He is a Trustee of Centre for Civil Society, New Delhi, which focuses on improving the quality and access of education to students especially for the poor. Mr. Duggal is Chairman of Bellwether Microfinance Fund, a social sector fund, which provides equity capital to smaller, promising Micro Finance organizations.

Mr. Duggal had a 26 years career with Bank of America, mostly in the U.S., Hong Kong and Japan. His last assignment was as Chief Executive of Bank of America in India from 1998 to 2001. He is an expert in Oil & Gas Financing and from 1981-1990 he was head of Bank of America’s (oil & gas) practice handling relationships with companies like Exxon, Mobil, Etc. From 1991-94 as Chief Executive of BA Asia Limited, Hong Kong he looked after Investment Banking activities for the Bank in Asia. In 1995, he moved to Tokyo as the Regional Executive, managing Bank of America’s business in Japan, Australia and Korea. From 2001 to 2003 he was Chief Financial Officer of HCL Technologies, India.

A Mechanical Engineer from the prestigious Indian Institute of Technology, Delhi, Mr. Duggal holds an MBA from the Indian Institute of Management, Ahmedabad.

He is a US national and Overseas Citizen of India. A theatre enthusiast, he also plays tennis and enjoys trekking in the Himalayas. He is married to Dr. Rita Duggal and they have two daughters. They live primarily in New Delhi, but also spend some time in their homes in Kasauli (Himachal Pradesh) and New York.


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