Project Manager

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Project Manager

HC One Project Manager Private Limited (“Project Manager”) is the Project Manager of the Highways Infrastructure Trust appointed pursuant to the project management agreement entered into amongst the Project Manager, the Trustee and the Investment Manager. Project Manager was incorporated as a private limited company in India on September 20, 2022 under the provisions of the Companies Act, 2013 with the corporate identification number U74140MH2022PTC390762. The Project Manager’s registered office and address for correspondence is Unit 601-602, 6th floor, Windsor House, Off CST Road, Kalina, Santacruz (E), Mumbai-400098, Maharashtra, India.

As per the provisions of the Project Management Agreement, Project Manager is empowered to: –

Exercising diligence and vigilance in carrying out its duties and protecting the commercial interests of the Project SPVs
Complying with the InvIT Regulations and take all actions as may be required to be taken in accordance with the InvIT Regulations as applicable to the Project Manager
Keeping the Investment Manager informed on all matters which have or may have a material bearing on the operations of the Project SPVs
Where required, liaising with governmental agencies in respect of its obligations under this Project Management Agreement as applicable to the Project Manager
Taking all reasonable steps to mitigate the risks which may be encountered by the Highways Trust in respect of the Project SPVs
Ensuring compliance with applicable laws by the Project SPVs etc.

Ms. Sudha Krishnan

Independent Director

Ms. Sudha Krishnan, aged 62, is an independent non-executive director on the board of the Investment Manager since September 14, 2022. Smt. Sudha Krishnan joined the Indian Audit and Accounts Service (IAAS) in 1983. She possesses Masters Degree in Public Administration (MPA), George Mason University Virginia, USA, Masters Degree in English Literature (MA) and Bachelors Degree (Hons) in English Literature (BA Honours) from Delhi University. She retired as Member Finance to the Space Commission and Atomic Energy Commission. As Member Finance, she served as the advisor to the Commissions on financial business pertaining to the Departments of Space and Atomic Energy. Smt. Krishnan has close to four decades of experience in public policy and finance. She has worked on secondment at the Ministry of Finance in different capacities where she has handled diverse portfolios including World Bank projects, personnel matters of the Central Government and writing memoranda and reports for the Finance Minister on improving the overall effectiveness of Government spending. She also served as Financial Adviser to the Ministry of Urban Development. She has been a Government nominee director on the boards of many Government companies and banks. In her parent department namely, the office of Comptroller and Auditor General of India (the Supreme Audit Institution- SAI, of India) she has led and coordinated the production of several audit reports including the audit of the Central Board of Direct Taxes. As Principal Director (International Cooperation) she was directly responsible for advising and implementing the CAG’s international obligations both bilateral and multilateral. In her last assignment in the office of the CAG, she was responsible for developing and strengthening professional standards and practices in audit. Smt. Krishnan serves as Independent Director on boards of SBI Funds Management Ltd, IDFC Financial Holding Company Ltd, Graphite India Ltd. and National E Governance Services Ltd.