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Banswara Syntex Limited (BSL) - Company Management

The company is managed by a Board comprising thirteen directors having vast experience and expertise in different fields as under:-

Mr. R.L.Toshniwal, aged 77 years, is the CHAIRMAN of the Company. He holds Masters Degree in Textiles from Leeds University, UK and having a vast experience of 48 years in the field of textile industry. He has been associated with a number of business organizations since the beginning of his career. In the past he had been elected as the Chairman of Rajasthan Textile Mills Association and President of Indian Spinners Association. At present he holds the office of Chairman of The Synthetic & Rayon Textile Export Promotion Council (SRTEPC). Besides Banswara Syntex Ltd., he is on the Board of Directors of five other companies. Being an industrialist with high social obligation, he is associated with a number of charitable trusts also.

Mr. Ravi Toshniwal, aged 47 years, is the MANAGING  DIRECTOR of the Company. He is B.Tech (Chem.) from IIT, Mumbai. He has undergone OPM course of Harvard University, USA.  He is having over 19 years experience in textile industry.  He is also looking after overall activities of the company. He has traveled extensively to Europe, US and other developed countries to promote the products of the company.  He has taken together a number of reputed buyers all over the world as a result the exports of the company have increased substantially over the last ten years.


Mr. Rakesh Mehra, aged 54 years, is the VICE CHAIRMAN of the Company. He is a Chartered Accountant, having 23 years experience in the textile industry. He is the former Chairman of The Synthetic & Rayon Textile Export Promotion Council (SRTEPC).  Before joining the company he was Chief Executive of RR Toshniwal Enterprises. Mr. Mehra looks after entire commercial and financial activities besides export sales of yarn.

Mr. Shaleen Toshniwal, aged 34 years, is the JOINT MANAGING DIRECTOR of the company. He holds Bachelors degree in Business Management from Bentley College, USA and has over 8 years experience in the field of textile industry. He looks after all the readymade garment units of the company at Daman and Surat.


Mr. Kamal Kishore Kacholia, aged 60 years, is a renowned industrialist. He holds a degree in Chemical Engineering and Masters in Business Administration from Western Reserve University, OHIO, USA. He had been engaged with various R&D projects for US, Army, Navy, EPA, NASA etc. He is also on the Board of Directors of several other companies. He was Technical Director of NTB international Pvt. Ltd. Presently he is Chairman & Managing Director of NTB group.

Mr. Parduman Kumar, aged 74 years, is a Chartered Accountant. He is on the Board of the company for the last 10 years. He is a senior banking professional and retired as Chief General Manager of IDBI.  He looked after various project appraisal, financing, monitoring and recoveries during his tenure with IDBI.  He has also worked with Reserve Bank of India. 

Mr. Vijay Mehta, aged 58 years, is a renowned Stock broker and financial consultant. As an astute orator, he has been invited at various forums all over the world to present papers on economic reforms and changes in financial services industry. He was a part of an Indian delegation invited by the Chinese Government in May, 2005 to explore trade opportunities with China. He has been associated with a number of business associations and he is also on the Board of Directors of several other companies. Mr. Mehta is also director of Jaipur Stock Exchange Association Limited. Mr. Mehta is engaged in social activities  since he was a school going boy. He leads a business group, involved in stock Broking, Commodities, Merchant Banking & wealth management consisting of Mefcom Capital Markets Ltd., Mefcom Securities Ltd. and  Mefcom Commodities Brokers Ltd.

Mr. Vijay Kumar Agarwal, aged 61 years, industrialist, is on the Board of the Company for the last 7 years. He is the founder promoter & chairman of the creative group. He started manufacturing and export of readymade garment in 1974. He is an Engineer from VJTI. He has vast experience in all aspects of manufacturing and export of textile product. He has traveled widely all over the world for business promotion. His group has entered the Indian market through its home linen product under the brand name ‘PORTICO’ which has become a leading player in the industry.
Mr. A. N. Jariwala, aged 80 years, industrialist.  He holds Master Degree in Textile from Leeds University, U.K.  He is on the Board of the Company for the last 14 years. He was technical advisor of Surat Textile Mills, Surat.  He was past president of Southern Gujarat Chambers of Commerce and Industry Surat. He is Vice president of Manmade Textile Research Association, Surat  He is Chairman of Federation of Indian Art Silk Weaving Industry, Mumbai.

Mr. D. P. Garg, Aged about 64 years, industrialist, is on the Board of the Company for the last 9 years. He is a graduate in Mech. Engineering from University of Delhi and has done Masters in Industrial Engineering from Illinois Institute of Technology, Chicago, U.S.A.  He has vast experience in Projects execution, implementation, monitoring and Import & Export trade. 

Mr. S. B. Agarwal, aged 72 years, Consultant, is on the Board of the Company for the last 6 years having over all 44 years of professional experience.  He is M Com, M A (Eco.) LLB, FCA has been a pioneer in the textile industry. As the Group Executive President (Textile) of Grasim Industries Ltd. and Advisor to Indian Rayon Ltd., he was also responsible for the various textile units in India and South-East Asia.

Dr. Mr. R. Swaminathan, Aged about 71 years, appointed as Nominee Director of EXIM Bank w.e.f. 19.06.2008., He is retired IAS. He did Master of Arts-Mathematical Statistics from Madras University-1959, Edward S Mason Fellow in Economic Development Kennedy School of Government, Harverd university–1976-77, Master in Public Administration, Harvard University USA-1977 and Doctorate in Public Administration University of the Philippines-1993. He was Collector of Nilgiris and Kanyakumari, Districts of Tamil Nadu.  He worked with Ministry of  External Affairs Govt. of India.  He is former Secretary of Asian Development Bank.

Mr. P. K. Bhandari, aged 54 years, is a Commerce & Law Graduate from the university of Kolkata & a fellow member of then Institute of Chartered Accountants of INDIA (ICAI) & an associate member of the Institute of Company Secretaries of INDIA (ICSI) & has over 29 years of experience in the field of Project Finance, Industry, Business & Corporate Management.

Mr. Bhandari, Who Joined Raymond Group in the year 1989 played a key role in strategising & implementing the company's restructuring program, which included hiving off its non-core business in steel, cement & synthetics and consolidating its core-textiles, garment & files businesses through merger & acquisitions.

Mr. Bhandari joined the Board of Directors of the Raymond as whole Time Director on April 24, 2003. He was group president of the Company from April 1st, 2005 to January 30, 2008.

He was
honoured with a "Special Commendation" for his outstanding performance in the mergers & acquisitions category of the "CFO of the Year"  award instituted by the Economist Association with  American Express.

Key Executives :

Shri S.S.Sajal
Title : President
Qualification : B. Tech (IIT Delhi) , MBA
Area : Plants at Banswara
Experience (Overall) : 39 Yrs.
Experience (In BSL) : 31 Yrs.
Shri J.K.Rathi
Title : President (Commercial)
Qualification : B. E. (Mechanical)
Area : Marketing (Yarn & Fabrics)
Experience (Overall) :  
Experience (In BSL) :  
Shri J.K.Jain
Title : Sr. Vice President (F&C) &
Company Secretary
Qualification : C.A. , C.S. , I.C.W.A
Area : Accounts and Finance
Experience (Overall) : 17 Yrs.
Experience (In BSL) :  9  Yrs.
Shri S.N.Gupta
Title : Sr. Vice President (Tech.)
Qualification : B. Text
Area : Spinning
Experience (Overall) : 40 Yrs.
Experience (In BSL) : 19 Yrs.
Shri S.R.Jain
Title : Vice President (Engg.)
Qualification : B.E. (Electrical)
Area : Engineering
Experience (Overall) : 42 Yrs.
Experience (In BSL) : 11 Yrs.
Shri S.S.Kella
Title : Vice President (A&T)
Qualification : B. Com, FCA
Area : Internal Audit and Taxation
Experience (Overall) : 35 Yrs.
Experience (In BSL) : 33 Yrs.
Shri Ashok Mishra
Title : Vice President (Tech.) Worsted Division
Qualification : B. Tech (Textile)
Area : Worsted Spinning
Experience (Overall) : 35 Yrs.
Experience (In BSL) :  5  Yrs.
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