Risk Management Governance Structure (GRMI) - GRM Institute

Governance Structure of GRMI


Governance Structure represents the Board of Directors of GRMI, the Emeritus Dean of GRMI, the Strategy Board, the Board of Governance, the Academic Council and the Management Team of GRMI. Everyone in Governance Structure works for achieving the goals of the institute. 

The Board of Directors are responsible for assessing the overall direction and strategy of GRMI (Global Risk Management Institute) towards achieving its mission and implementing its goals. It monitors and controls the functioning of faculty and staff members, with an aim of driving continual improvement in teamwork, professionalism and competency development.

Subodh Bhargava
Former Chairman, Tata Communications, GSK, TRF Ltd
Late Amal Ganguli
Former Chairman of PwC, India.
Subhashis Nath
Dean and CEO of Global Risk Management Institute
Prof. Madhu Vij
Former Professor at Faculty of Management Studies, Delhi University
Prof. Rajan Saxena
Former Vice-Chancellor of the SVKM’s NMIMS
Chetan Mathur
Former Senior Director, Controller India Region at PepsiCo.
Aditya Pande
CEO of InterGlobe Enterprises
N Kumar
Chairman of The Sanmar Group Corporate Board
Ishaat Hussain-Advisor to the Board
Former Board of Directors at Bombay Dyeing & Manufacturing Co. Ltd.

Sunil Sethy

Chairman’s Office – Adventz Group

Emeritus Dean – GRMI

Global Risk Management Institute (GRMI) is a pioneer in the world of education in risk management. We have created a curriculum that spans across all aspects of enterprise risk management, financial risk management (FRM), operational risk management and compliance, and provides nuanced insights across all key industry verticals. The team has worked hard to pull together an enviable mix of faculty members who bring just the right blend of international academic excellence and domain expertise in risk management. We believe deep domain knowledge, combined with experiential learning imparted by an exceptional faculty team, along with our on-the-job internship program, will make GRMI graduates extremely relevant and valued in their profession, whether in reputed consulting firms or in large corporates. 

GRMI aim is to cultivate and promote a generation of risk-intelligent professionals ready to navigate in a complex corporate environment, equipped with the knowledge of global markets and understanding of how risk and technology permeate every type of business. On graduating from GRM Institute, our students, will learn to spot emerging market trends and capitalize on them for competitive advantage. 

My experience of 40 years, which includes many as Managing Director and member of Boards, has convinced me that though most organizations are sensitive to the inherent risks in their businesses they constantly struggle to create a structure which will give them a continuous flow of feedback on residual risks and solutions.. This is mainly due to a lack of talent in good understanding of risk and innovative problem-solving. Our Post Graduatation Diploma in Risk Management (‘PGDRM’) program is especially structured to bridge a very significant talent gap existent in the industry. We train our students to find the most creative and appropriate solution for any business requirement. We aim to create leaders with an innovative and analytical mind, who can be the best in their chosen fields.

At GRM Institute, we not only provide ample opportunities to students to build a network with entrepreneurs and corporate leaders, but also make them part of a pioneering enterprise in the field of risk management in business education. 

In the competitive employment market and with ever-increasing focus on India and Indian professionals, my message to all the aspiring students would be simple — you are at the right place at the right timeGRMI is a unique institute in the world today, where we provide education in one of the fastest growing areas of employment demand — Risk Management — through an effective experiential learning, delivered by some of the best in the domain.”

Best wishes.

Currently, Advisor (Agri-business) Chairman’s Office – Adventz Group. Former Executive Vice Chairman and Managing Director at Binani Industries Ltd. Former Managing Director at Chambal Fertilisers and Chemicals Limited.

The primary objective of the board is to provide directional and strategic inputs to ensure that we build a world-class risk management institute and continue to evolve, in order to retain the edge of being a pioneering institute for students in domain of Risk. GRMI’s Strategy Board includes eminent business leaders from the industry and top consulting firms.

A. P. Parigi
Co-Founder - Radio Mirchi & Times OOH Media
Vijay K. Thadani
Vice Chairman & Managing Director of NIIT Ltd
Mukesh Butani
non-executive Chairman of BMR Advisors
Late Prof. Pritam Singh
Former Director General Of The IMI
Afzal Modak
Former Transition Leader for GE Global Operations
Mohit Lal
Chairman & CEO Of Pernod Ricard Global Travel Retail
Dr. Dalip Singh
Dr. Dalip Singh
Senior IAS Officer Who Joined Batch of 1982.
Ritu Chawla Kochhar
Consultant With Spencer Stuart & Former Executive Director At JP Morgan
Suresh Krishnan
Managing Director of Zuari Global Limited
Baman K Mehta
C.E.O. at Darashaw Businesses
Managing Director -Group Finance at Credit Suisse
Richard Recky
Former CEO of KPMG in India

The composition of the Board of Governors has been done with an objective of providing a global hue to GRMI from its very inception stage. We recognize that these are leaders geographically dispersed and hence would be constrained in participating as actively and in person as the Board of Directors and Strategy Board members but each member of our BOG brings to GRM Institute a very distinct set of values that ensures the programme, its curriculum and management are kept live to how the word of risk paradigm is evolving in the global landscape. 

Some of the BOG members are also those who are unable at the current point in time to devote enough time to be actively engaged in either of the other Boards but are deep-seated well-wishers of Global Risk Management Institute and are emotionally vested in GRM Institute to make available whatever time they can for GRMI and thereby try and meaningfully contribute to building GRMI as an aspirational Institute in the Risk domain.

While BOG is essentially an advisory council one of the key objectives is to continuously explore avenues to improve the program and make it global. GRMI’s Board of Governors includes eminent business leaders from the industry, past audit heads from the industry and consulting firms as well as some past Directors of premiere educational institutes.

Ravi Bhoothalingam
Founder And Chairman Of Manas Advisory
Russ Charlton
Chief Audit Executive at Advance
Arnout Van Der Veer
Chief Executive Officer at Henri Moerel Foundation
Alex Shirey
Executive Vice President and CFO at Hertz
Dilip Bidani
Group CFO at Paras Healthcare Pvt Ltd
Jenitha John
Former Chairperson of the Institute of Internal Auditors (IIA)
Katie Stein
Chief Executive Officer IGT Solutions
Swati Tandon
Partner with McKinsey & Company
Mark De Groot
VP Accounting and Group Controller at Trivium Packaging
Harry Dhaliwal
Interim Chief Financial officer at Lottery.com

The Academic Council is one of the principal drivers of excellence through its direct involvement in all knowledge related aspect of the Institute: course curriculum development, ongoing case study development and enhancement, knowledge body association decisions, decisions on introducing new curriculum. Composed of a variety of successful professionals, such as, tenured professors in leading Universities, policy-makers, researchers, theoreticians, and consultants, the council combines the very highest standards of teaching, corporate realism and mentoring.

GRMI’s Academic council members are active and regular participants in international conferences and events. Members of the Council have been pioneers and key leaders in building some of the better institutions of learning in the country. They contribute to international journals and collaborate with a broad range of agencies to develop and execute consultancy projects.

They serve on executive committees and policy formulation boards of a variety of organizations including corporations, financial institutions, academic institutions and international agencies. Such active involvement of the members in a wide range of activities generates precious cross-fertilization and keeps the academic programs up-to-date.


Prof. Madhu Vij
Faculty at Faculty of Management Studies (FMS), Delhi University
Subhashis Nath
Dean and CEO of Global Risk Management Institute
Chetan Mathur
Former Senior Director, Controller India Region at PepsiCo.
Dr. Sonali Hazarika
Associate Professor In Finance At The Zicklin School Of Business, Baruch College
Prof. Vinay Dutta
Professor at FORE School of Management, New Delhi
Dr. Rekha Dayal
Associate Professor At Jesus & Mary College, DU.
Dr. Jyotsna Arora
LSR College for Women, DU. Her areas of specialisation are Microeconomics and Finance
Dr. J L Gupta
Professor Of HRM At Management Development Institute (MDI)
Dr.Sanjoy Sen
Global Head of Research and Eminence for Deloitte's Extended Enterprise team
Dr.Nilanjan Sen
Professor of Finance at the University at Albany, State University of New York

As a specialized risk management institute, we recognize the need for a multi-disciplinary approach in the ever-evolving arena of Risk Management in order to work together with other centres of risk expertise around the world. We actively work with industry experts to develop new educational programs, leadership in thought.

Mr. Subodh Bhargava



Late Mr. Amal Ganguli



Mr. Subhashis Nath



Prof. Madhu Vij



Mr. Puneet Malhotra



Mr. Jayant Palan



 Our Management team offers:
  • In-depth understanding of risk domain, with cumulative experience in excess of ~ 50 years in risk consulting.
  • 2,000+ hours of experience in building and running exhaustive training sessions for corporate and in-house consulting teams.
  • Recruitment and hiring experience in the Indian market for over 35 years, and the consequential awareness of skill-set gap between what students know and what corporates require;
  • Extensive global exposure in the Risk Management domain that brings an acute understanding of the demand-supply gap of risk professionals.
  • Strong global connects across Fortune companies, rallying global support in building programme content, attracting student and visiting faculty participation, and driving global placements over time.
  • High credibility in the corporate world and access to relevant and senior leadership to partner in initiatives we undertake over time.
  • Experience in successful entrepreneurship
  • Passion to impact global governance models by creating enhanced ecosystem in risk management domain

Design and Developed by KodeForest @ All Rights Reserved by KodeForest