Leadership

D. Shivakumar

Independent Director

Shivakumar Dega has held various leadership positions in Indian and Multi-National Companies. Shivakumar (commonly known as Shiv) is associated with Advent International, a global private equity firm, as Operating Partner and is based out of Gurgaon. Before his role at Advent International, he was the Group Executive President of Corporate Strategy at Aditya Birla Group. Prior to joining Aditya Birla Group, Shiv was the Chairperson and Chief Executive Officer at PepsiCo Holdings Private Limited in India. Shiv has been one of Indias longest serving CEOs with more than his career as CEO. He also served as the CEO for emerging markets at Nokia. In 2003, he joined Philips India as Chief Executive Officer of the consumer electronics division. Shiv has graduated from IIT Madras, IIM Calcutta and Wharton School of Business.

Awards and Achievements

  • AAMO Asian Leadership Award 2020
  • Indian Business leader of the year 2019 issued by KPMG and Horasis Institute
  • India’s Top 10 Speaker issued by Speak in Bureau in 2018
  • India’s Most Trusted CEO 2017 issued by WCRC
  • Distinguished alumnus IIT Madras
  • Distinguished alumnus IIM Calcutta 

Notable experiences 

  • Shiv is credited for driving Nokia’s brand from No. 71 to No. 1 in the country. He was instrumental in making Nokia one of the top-most trusted brands.
  • Apart from overseeing India operations, Shiv also managed PepsiCo’s franchise business across
  • Bangladesh, Nepal, Bhutan, Sri Lanka and the Maldives.
  • Shiv has authored multiple books such as “The Art of Management” and “The Right Choice”

Current / Ex-Directorships and other roles:

  • Chairman of Board of Directors, Vadilal Industries Limited (May ‘25 – Present)
  • Director, Yes Bank Limited (June’25 -Present)
  • Advisory Board, Power Grid Corporation of India (May ‘25 – Present)
  • Operating Partner, Advent International (Apr ‘23 – Present)
  • Director, Restaurant Brand Asia (Burger King) (Oct ‘19- Oct 24)
  • Advisory Board – Multiples PE (2018 – Present)
  • Director, Phillips India (2004 – 2006)
  • Independent Director – Godrej Consumer Products (2008 – 2017)
  • Director Manjushree Technopack Limited (June ’24 – Mar 25)
  • Director Leapfrog Strategy Consulting Private Limited (Apr’23 – Present)
  • Director ID Freshfood (India) Private Limited (Nov ’23 – Present)