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Mr. R.S. Agarwal, B.Sc., B.E served as the Head of the Infrastructure Finance Department and Project Appraisal Department of IDBI. February 1999 to March 2002 during which period about 30 large size power projects in the range of 250MWto 500MW were evaluated and sanctioned assistance by IDBI. Mr. Agarwal has been an Independent Director of Madras Cements Ltd. He has been Director of Unimers India Ltd. He serves as a Director of Torrent Cables Ltd., Surya Lakshmi Cotton Mills Ltd., Surya Lata Spinning Mills Ltd., GVK Jaipur Expressway Ltd., Elegant Marbles & Grani Industries Ltd., Deccan Cements Ltd., Ramco Industries Ltd,. Videocon Industries Ltd and NRC Ltd.
Mr. Agarwal served as an Additional Director of Madras Cements Ltd. Mr. Agarwal started his career in 1965 and after serving in various capacities with a leading paper mill of Northern India for 9 years and with Industrial Development Bank of India (IDBI) for 28 years, retired as Executive Director of IDBI. While in service with IDBI, he had dealt with many subjects and projects including Member of "Satyam Committee" set up by Government of India formulation of policy for textile industry and involvement in preparation of policy notes, detailed guidelines and implementation of Technology Up gradation Fund (TUF) introduced by the Ministry of Textiles, Government of India. Preparation of policy paper and guidelines on development of "Special Economic Zone" in the country for the Ministry of Commerce, Government of India. Mr. Agarwal holds B.Sc. and B.E. Chemical Engineering and a Diploma in Industrial Engineering, Proficiency in Boiler Operation Engineering.