Mr. M. M. Chitale

Independent Director, Bhageria Industries Limited

Mr. M. M. Chitale is a highly esteemed Chartered Accountant with over five decades of expertise in finance, accounting, banking, insurance, and corporate governance. As an Independent Director at Bhageria Industries Limited, he provides strategic financial insights, regulatory expertise, and risk management acumen, playing a vital role in strengthening the company’s governance and financial discipline.

A Partner at M/s. Mukund M. Chitale & Co. since 1973, Mr. Chitale has been a key figure in shaping India’s financial and regulatory landscape. His leadership as President of the Institute of Chartered Accountants of India (ICAI) in 1997-98 highlights his commitment to excellence in the accounting profession and corporate governance.

Key Contributions & Leadership Roles

Governing Council Member, Banking Codes and Standards Board of India (2006-2015), nominated by the Reserve Bank of India (RBI).
Member, Primary Market Advisory Committee, Securities and Exchange Board of India (SEBI).
Chairman, Standing Committee on Accounting Issues, Insurance Regulatory and Development Authority of India (IRDAI).
Member, Advisory Board on Bank, Commercial, and Financial Frauds, and Board of Supervision at NABARD.
Contributor to Key Committees, including the Committee for Collective Investment Scheme, Working Group on Restructuring of Weak Public Sector Banks, and Company Law Advisory Committee of the Central Government.

Commitment to Social & Corporate Leadership

Beyond corporate governance, Mr. Chitale is actively involved in philanthropic initiatives and serves as a Trustee of various social organizations, reflecting his dedication to ethical leadership and social responsibility.

Directorships and Corporate Engagements

Mr. M.M. Chitale actively serves as a Director in the following organizations

With unparalleled expertise and a strong ethical foundation, Mr. Chitale continues to be a pillar of financial integrity, guiding Bhageria Industries Limited toward sustainable growth, governance excellence, and long-term success.