While the ICICI Bank board has reposed its trust in current MD and CEO Chanda Kochhar after denying any quid-pro-quo in the Videocon loan saga, the carefully-worded clarification has left people with more questions than answers. Deepak Kochhar, the husband of ICICI Bank CEO and the person who finds himself at the centre of this controversy, is yet to present his side of the story.
Deepak Virendra Kochhar is the co-founder and Chief Executive Officer of NuPower Renewables which was set up in December 2008. NuPower Renewables was originally founded as a 50-50 JV between Videocon Group’s Venugopal Dhoot family and Kochhar and Advani families (Chanda Kochhar’s brother, Mahesh Advani). Around that time Chanda Kochhar was the CFO and Joint MD at ICICI Bank.
Kochhar was a financial services entrepreneur before he co-founded NuPower. He has been a Director of NuPower Renewables Pvt. Ltd. since December 24, 2008. He studied Masters in Finance from the Jamnalal Bajaj Institute of Management Studies, Bombay University. That’s where he met Chanda Advani(Chanda Kochhar’s original name). He is also an Alumnus of Harvard Business School – Graduate of the Advanced Management Program (AMP). Read More…
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