Board of Trustees


FMC is steered by an eminent Board of Trustees at the apex level, chaired by Professor Y.K. Alagh, former Union Minister of State for Science and Technology, former Vice-Chancellor of the Jawaharlal Nehru University, and currently the Vice-Chairman of Sardar Patel Institute of Economic and Social Research as also the Chairman of 'Institute of Rural Management' , Anand (IRMA).

The Board comprises of other eminent persons and institutional representatives including Mr. Nitin Desai, former under Secretary General, United Nations and Member, Indian Council for Research on International Economic Relations, Dr. Dinesh Awasthi, Director, Entrepreneurship Development Institute of India (EDI), Mr .Anupam Dasgupta, former Secretary Ministry of MSME, Govt of India and Member, National Consumer Disputes Redressal Commission, Mr. Brij Mohan, former Executive Director, SIDBI and Chairman, Access Development Services, Mr. Ajay Sud, Advocate, and Dr. Rajnish Karki, Strategist, Organization Design. The main role of the Board is to lay down the primary aims and objectives of the FMC and ensure its overall governance in conformity with the vision and mission of the FMC.
Yoginder K Alagh, born February 14, 1939, Chakwal (India) is currently Chancellor, Nagaland University, Chairman, Institute of Rural Development and Vice Chairman of Sardar Patel Institute of Economic and Social Research, Ahmedabad. He is a Trustee of the Rajiv Gandhi Foundation. He is an Independent Director of Tata Chemicals and Shree Cements. He was earlier Minister of Power and for Planning & Programme Implementation with additional charge of the Ministry of Science & Technology. He has been Member, Planning Commission (in the rank of Minister of State). He has been Chairman, Bureau of Industrial Costs and Prices, Ministry of Industry and Secretary to the Government of India. He holds a Doctoral Degree in Economics from the University of Pennsylvania and Master's Degree in the same subject from that University and the University of Rajasthan. He has taught Economics at the University of Rajasthan, Indian Institute of Management, Calcutta, University of Jodhpur, Swarthmore College and the University of Pennsylvania. He has seven books and over a hundred articles to his credit published both at home and abroad. He has been Chairman Agricultural Prices Commission of India, Director, Sardar Patel Institute of Economic and Social Research, Ahmedabad, Adviser to the Planning Commission of India and Chairman of the Economic Group of Indian Institute of Management, Calcutta. He has travelled widely and represented India in a number of high level official delegations and seminars. He was Member of the Council, United Nations University and also Chairman, Scientific Steering Committee of the International Social Science Programme of UNESCO. He was President of Gujarat Economic Association, Member, India Council of Social Science Research, President, Indian Econometric Society, and Indian Society of Labour Economics, Member of University Senates at Jodhpur, Vallabh Vidyanagar, Ahmedabad, and on the governing bodies of the International Institute of Labour Studies, Geneva, Indian Institute of Management, Calcutta and the Giri Institute of Development Studies of which he is currently Chairman. He has been Chairman / member of a number of official committees at the State / National level and is currently Chairman of a Committee to reposition the CACP after WTO and a Committee on fertilizer price reform. He has been awarded the VKRV Rao Award in Economics for 1981. Prior to the charges as the Union Minister of State (Independent Charge), he was Vice Chancellor, Jawaharlal Nehru University and was Senior Fellow, World Institute of Development Economic Research, United Nations University, Helsinki. He was the Coordinator for South Asia Technology Network of the Commission of European Communities at Brussels, Vice Chairman, State Planning Commission of Gujarat in the rank of Minister and Special Adviser to the Secretary General of the UN (RIO) Conference on Environment and Development. He is President of the Human Development Institute and Shirdi Sai Rural Institute, Loni. He chaired the Expert Group of Cauvery Dispute, constituted by the Prime Minister of India, and was Consultant to the Mekong River Commission. He has been Senior Adviser Consultant to FAO, UNFPA, ILO, ESCAP World Bank and UNDP and Visiting Professor at the prestigious Sc.PO of Paris in 1995, Distinguished Fulbright Lecture in the U.S in 1994 and Shastri Lecturer in Canada in 2000. He is Senior Fellow of CIGI in Canada, Fellow, National Academy of Agricultural Sciences, Delhi and the World Innovation Foundation, UK. He writes a column for the Indian Express on agriculture and rural development.
Mr. Nitin Desai began his government career in 1973 in the Planning Commission of the Government of India where he served in various capacities. In 1983 he served concurrently as Secretary of the Economic Advisory Council to the Prime Minister of India. In 1993 the then United Nations Secretary-General appointed Nitin Desai at the Under-Secretary-General level to head the newly created Department for Policy Coordination and Sustainable Development. In 1997, Secretary-General Kofi Annan appointed Mr. Desai to coordinate, and subsequently head, the consolidation of the three economic and social Departments. Mr. Desai is also the convenor of the Executive Committee on Economic and Social Affairs which brings together the heads of all the UN Secretariat entities directly concerned with economic, environmental and social issues. Before joining the United Nations, Mr. Desai was secretary and chief economic adviser in India's Ministry of Finance. He served as senior economic adviser for the World Commission on Environment and Development (The Brundtland Commission). From 1990 to 1993, Mr. Desai was the deputy secretary-general of the United Nations Conference on Environment and Development. In that capacity one of his primary responsibilities was to coordinate the work of the UNCED Secretariat related to the development of Agenda 21, the principal programmatic outcome of the Conference. Mr. Desai received a Bachelor’s degree from the University of Bombay in 1962 and, in 1965, earned a Masters degree in Economics from the London School of Economics and Political Science. Mr. Desai has worked as a consultant for Tata Economic Consultancy Services and lectured in economics at the Universities of Southampton and Liverpool in the United Kingdom. He has been a member of the Commonwealth Secretariat Expert Group on Climate Change, and of the Board of the Stockholm Environment Institute, and has published several articles and papers on development planning, regional economics, industry, energy and international economic relations.
Dr. Dinesh Awasthi, an Economist by training, is Director, Entrepreneurship Development Institute of India (EDI), Ahmedabad. He was a Professor of Strategic Management and Entrepreneurship at the Indian Institute of Management, Lucknow, before joining EDI. Besides teaching, training and conducting research in the field of entrepreneurship, he has been actively involved in social sector development and civil societies. He is the founder Secretary-General of the Development Network: A National Association of NGOs for Micro Enterprise and Micro Finance Development. Dr. Awasthi was also a Member of the Working Group on Small Scale Industries for the Ninth Five-Year Plan, Government of India; National Committee on Small Scale Industries set up Confederation of Indian Industries (CII), 1996-97; Small Scale Industry Panel set up by Confederation of Indian Industries (CII), Gujarat Council, 1997-99; and Economic Affairs & Taxation Penal of the CII-Gujarat Council, 1997-99. Besides these, he is Member Executive Committee of the Indian Society of Labour Economics and Member of the of the Governing Boards of Maharashtra Centre for Entrepreneurship Development, Aurangabad, Maharashtra, Institute of Entrepreneurship Development, Lucknow, U.P. and Jammu & Kashmir EDI, Srinagar. Dr. Awasthi has also worked as a consultant to several UN agencies like ILO, UNIDO, UNDP and other international bodies like WS Atkins, UK and DFID, UK. He has extensively travelled the world over in connection with various professional assignments He has over 40 research papers and three books, besides a number of research studies, to his credit. He teaches entrepreneurship, entrepreneurship, entrepreneurial strategies, strategic management and fundamentals of social development. Areas of his research interest include business policy research, transfer and management of technologies, development and growth of small and medium enterprise (SMEs) and non-government organizations.
Anupam Dasgupta joined the Indian Administrative Service in July 1970 and was allotted to the Maharashtra cadre. He served the Government of Maharashtra (GoM) and Government of India (GoI) for over thirty-six years with distinction, rising steadily to the pinnacle of his career as Secretary to the GoI in the Ministries of Small Scale Industries (SSI) & Agro & Rural Industries (ARI). He superannuated in December 2006. During his career, Mr. Dasgupta has been involved in a wide range of professional activities (including international consultancy assignments), leading to expertise in Public Finance, Urban Development and Micro & Small Enterprise (MSE) Development. For over twenty years, he has been instrumental in planning, designing and overseeing implementation of major policy initiatives and significant programmes/projects, both in the GoI and GoM. He has occupied several key positions in the GoM, e.g., Principal Finance Secretary, Additional Municipal Commissioner, Brihanmumbai Municipal Corporation (BMC), Secretary (Expenditure), etc. Through wide ranging revenue rationalization and cost control initiatives, Mr. Dasgupta assisted the GoM in drawing up realistic annual plans & budgets (in the backdrop of serious resource constraints & large public debt) and, most important, in adopting a medium term fiscal reforms programme, providing a strong foundation for future economic growth and development of the State. In the BMC, he secured World Bank funding for the most ambitious sewage disposal project in the face of long-standing complex difficulties, ensured implementation of a large number of schemes under the ongoing water supply and sewerage project and computerized and streamlined the functioning of its Finance & Accounts Department.
In the GoI, he worked as Joint Secretary, Department of Atomic Energy and Additional Secretary, Departments of Revenue and Urban Development. In each of these assignments, he contributed significantly to formulation of new policies in diverse areas like private sector participation in beach sand mineral exploitation, State level VAT, service tax, urban transport, etc. As Secretary, Ministries of SSI & ARI for over two years, he inter alia catalysed and facilitated the turn-around of the National Small Industries Corporation, comprehensively redesigned major schemes for promotion and development of MSEs and obtained approval of a major Promotional Package for the MSEs. Most important, he was instrumental in securing Parliamentary approval of the first-ever legislation for the segment, titled the Micro, Small and Medium Enterprises Development Act, 2006 and wide-ranging amendments to the Khadi and Village Industries Commission Act, 1956 Mr. Dasgupta has been a first-class-first gold medalist throughout his educational career, including Secondary School Examination, B.Sc. & M.Sc. in Physics and has done graduate-level courses in development economics, econometrics and cost-benefit analysis in a US university under the Hubert H. Humphrey north-South Fellowship Programme. He has been through a number of professional courses on a variety of subjects like public policy analysis, public finance, economic development, urban development, management of public sector enterprises, etc., at some of the premier institutions in India. Widely travelled within the country and overseas, he continues to be an avid reader of History, Physics, Economics and spiritual literature. He is a life member of the Indian Institute of Public Administration.
Brij Mohan is born in January 2, 1944 and did his Masters in Mathematics from Punjab University. He was undergone with various training courses like Financial Institutions for private Enterprise Development organized by Faculty of Harvard Institute of International Devlopment, Cambridge, USA, New & Small enterprises Promotion in Developing Countries organized by Cranfield School of Management UK etc. In the year 1991till 2001, he was a former Executive Director of the Small Scale Development Bank of India (SIDBI) and worked in the area of schemes of direct financial assistance including Project finance, Forex operations, Bill discounting. He was an incharge of Promotional and Development Department of the Bank. In 1986 till 1990, he worked as manager in Industrial Development Bank of India (IDBI) and worked in the area of fund department, monitored assistance to NGO and handled various development activities mainly related to small and micro enterprises. He was also involved in the area of entrepreneurship development, monitoring of research studies and management of special rural industries project. He was joined Planning Commission in the year 1976 and worked there as a Deputy Director and assisted the commission in examine plan proposal which is related to statistical schemes of the Central and State government. He also worked as a Statistical Investigator in Institute of Agricultural Research Statistics (IARS).
Ajay Sud is running his own organization named Ajay K. Sud and Associates. He has completed his LLB in Faculty of Law from Delhi University in the year 1991. He has 27 years of professional experience in providing client focused holistic solutions about legal, tax and management advisory services which is primarily focused in the area of social sector. Currently, he is practicing as a lawyer in Delhi. He is former and member of Governing Boards of various organizations named International Development Enterprises, Access development Services, Centre for International Development Services. He started his career in the year 1983 and worked with different organizations named UNDP, CARE, GTZ, Friedrich Ebert Stifung etc.
Dr. Rajnish Karki pioneered the ‘boutique mode’ of strategy consulting in India. He has advised on the strategic management initiatives of over two dozen medium and large organisations, covering a diverse array of sectors, such as basic materials, engineering products and projects, information technology, automotive and transportation, retail, branded consumer products, institutions and professional firms. The advisory work pivots around innovations in consulting method, with respect to preparing an organisation for quantum moves, implementing suitable strategic framework, and institutionalizing changes in organisation culture and mindsets. He has taught strategic management in the master’s, executive and doctoral programmes at the Indian Institute of Management, Ahmedabad, and other leading institutions, and policy analysis at the Lal Bahadur Shastri National Academy of Administration, Mussoorie. His two stints in a special cadre of ACC Ltd. involved the turnaround of an old unit and the setting up of corporate planning function. He holds a bachelor’s degree in chemical engineering from IIT Kanpur and a doctorate in strategic management from IIM Ahmedabad. He has contributed articles and papers to top-end publications and authored the book – “Competing with the Best: Strategic Management of Indian Companies in a Globalising Arena”, published by Penguin India in 2008 and Penguin Global in 2009. He works in New Delhi and at his Himalayan retreat in Ranikhet.
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