Mr. Rangachary N was an Independent Director and Chairman of Equitas Holdings Ltd. His professional credentials include being a fellow member of the Institute of Chartered Accountants of India (ICAI), the Institute of Cost Accountants of India (ICAI-CMA), and the Institute of Company Secretaries of India (ICSI), underscoring his profound expertise in financial and corporate governance.
His illustrious career in public service features pivotal roles such as Chairman of the Central Board of Direct Taxes (CBDT) and Chairman of the Insurance Regulatory and Development Authority of India (IRDAI). In these capacities, Mr Rangachary contributed significantly to shaping India’s tax policies and regulatory framework for the insurance industry, promoting transparency and efficiency.
Further demonstrating his versatility, Mr. Rangachary served as the Finance Advisor to the Government of Andhra Pradesh, where he provided crucial financial insights to support the state’s economic initiatives. He was also a key member of the Expert Committee on General Anti-Avoidance Rules (GAAR), tasked with addressing tax avoidance and reinforcing the tax system’s integrity.
In 2012, he chaired the high-level Committee to Review Taxation of Development Centres and the IT Sector, formed by the Prime Minister. His leadership was instrumental in resolving complex taxation issues affecting the Information Technology sector and development centres, facilitating clarity and fostering growth in one of India’s most dynamic industries.
Beyond his professional achievements, Mr Rangachary is renowned for his philanthropic endeavours. He is Trustee with Varshini Illam Trust. His charitable contributions and active involvement in Varshini Illam Trust have significantly impacted the lives of our service users and children at home. He is the guiding light behind all our initiatives at Varshini Illam Trust.