Independent Director & Non Executive (Part time) Chairman - Axis Bank
Rakesh Makhija, aged 69 years, is an Independent Director on the Board of Axis Bank Limited since 27th October 2015. He is also the Non-Executive (Part-time) Chairman of the Bank since 18th July 2019.
Rakesh Makhija is an Engineer from the Indian Institute of Technology, New Delhi.
During his career spanning over four decades, he has been an active contributor to the Industrial and Technology sectors, both internationally and in India. He has held a number of top management positions within the SKF Group. He was the President for the Industrial Market (Strategic Industries) and a member of the Group Executive Committee, based in Gothenburg, Sweden. Prior to this, he was President of SKF Asia with overall responsibility for China and India. He was the Managing Director of SKF India from 2002 till 2009. He was recipient of the prestigious ‘CNBC Business Leader Award for Talent Management’ in 2007.
Prior to joining SKF, he was the CEO and Managing Director of Tata Honeywell Limited. He was subsequently appointed as the Country Manager and Managing Director of Honeywell International, with responsibilities for company’s business in South Asia. Prior to Honeywell, he worked with Kinetics Technology International BV (now Technip), a process engineering and contracting company in the Netherlands for over eight years.
He is Chairman of Corporate Social Responsibility Committee and Acquisition, Divestment and Merger Committee, and a member of the Nomination and Remuneration Committee and Special Committee for Monitoring of Large Value Frauds of Directors of the Bank.
He is not related to any other Director or Key Managerial Personnel of the Bank.