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Sept 29, 2025
‘DYNAMATIC TECHNOLOGIES AT THE HEART OF AIRBUS' STRATEGIC INDIA MILESTONE: AIRBUS BOARD OF DIRECTORS' FIRST-EVER VISIT SIGNALS DEEPENING GLOBAL PARTNERSHIP
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Sept 29, 2025
Dynamatic Technologies Limited 50th Annual General Meeting 2025
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Mr. Pierre de Bausset

Independent Director and Chairman

Mr. Pierre de Bausset has 39 years of broad international experience, in Europe, Asia and North America. His career in Corporate Finance covers Forex and Money Market, Asset Financing, Mergers and Acquisition and Investor Relations. As a governance expert, he has taken part in major Shareholder Transitions, Management Turnover, and Governance Enhancements on boards of Publicly Traded Companies, including in times of crisis; his experience spans Appointment & Induction of Key Talents, Stakeholder Advocacy, Mediation and Strategic Transactions Management.

He joined Airbus in 1989 and held various important management roles, including President and Managing Director of Airbus Group India and General Secretary of Airbus.

Prior to joining Airbus, he worked with Banque Indosuez in Beijing and in Paris.

Besides, Pierre de Bausset acted as General Secretary of the Haut Comité du Gouvernement d’Entreprise, the standard board for compliance of French publicly traded companies with the country’s Corporate Governance Code, through 2019.

He is also an investor with an interest in tech companies.

He holds an MBA from INSEAD and a Licence & Diplôme Supérieur (Chinese language) from the Institut National des Langues et Civilisations Orientales (The National Institute of Oriental Languages and Civilizations) in Paris.

Mr. Pierre de Bausset is a Knight of the Legion of Honor, a French government award for services to his country.

Prof. Pradyumna Vyas

Independent Director

Prof. Pradyumna Vyas is the current President-elect for the World Design Organisation, after having served as a Board Member for the last two terms. He is the Senior Advisor of Design Promotion and Innovation at Confederation of Indian Industry (CII). He was the former Director of National Institute of Design (NID), India’s premier design institute. He was also a former Member Secretary - India Design Council (IDC).

Prof. Vyas acquired a Masters in Industrial Design from the Indian Institute of Technology, Bombay and was awarded an ‘Honorary Master of Arts’ degree in 2010 from the University for the Creative Arts in Farnham, United Kingdom.

With more than 36 years of professional and teaching experience in different spheres of design, Prof. Vyas had been associated with NID for 30 years, first as a faculty member and later on as the Director of the Institute (2009 - 2019).

Prof. Vyas has been at the helm of design affairs and his illustrious career has been marked with several national and international milestones and accolades. His contribution in the formation of India Design Council, 2009, was marked by Prof. Vyas being nominated as its first Member Secretary by the Ministry of Commerce & Industry, Government of India, a post he had retained until his retirement from NID in 2019. During his tenure as Director, NID received the status of Institute of National Importance by the Act of Parliament. He assisted the Government of India during the setting up four new NIDs across the length and breadth of the country. Through India Design Council, he launched India Design Mark in association with Japan Institute of Design Promotion (JDP) on the line of G-Mark.

He has been conferred with multiple awards in recognition for his contributions to design education and promotion, to name a few, World Education Congress, 2015, awarded him for his ‘Outstanding Contribution to Education’; he was awarded a ‘Lifetime Achievement Award’ by Times Education Icons 2017 along with being a jury member for the special awards screening panel at Good Design Award (G- Mark) by the Japan Institute of Design Promotion, Japan consequently in 2012, 2013, 2014 and 2016.

In 2019, he has been awarded the honor of ‘Good Design Fellow’, by the Japan Institute of Design Promotion (JDP), Tokyo.

Prof. Vyas was appointed as a ‘Distinguished Professor’ of Shanghai Academy of Fine Arts, China, at the Shanghai Global design Summit, 2019.

Smt. Gaitri Issar Kumar, IFS

Independent Director

Smt. Gaitri Issar Kumar has had a distinguished career in the Indian Foreign Service, where she served from 1986 until her superannuation in June 2022. She was the High Commissioner of India to the United Kingdom and earlier the Ambassador of India to the European Union, Belgium and Luxembourg. As India’s envoy, she focused on strengthening political, trade, and economic ties with these key global partners.

She has also served as Deputy Chief of Mission at the Indian Embassy in Paris and Counsellor (Disarmament) at the Permanent Mission of India in Geneva. Her early diplomatic assignments were in Portugal and Nepal.

At the Ministry of External Affairs in New Delhi, she headed the Territorial Division responsible for bilateral relations with the US and Canada at a time of expanding cooperation across multiple sectors, including advanced technology and civil nuclear energy.

She has also served in key positions such as Additional Secretary to the President of India and Director (Finance) in the Ministry of External Affairs.

A graduate of Bangalore University in History, Economics, and Political Science, she also holds a Master’s Degree in Political Science. She is proficient in German and Portuguese, with working ledge of French and Nepali.

Mr. Dietmar Hahn

Non-Executive and Non-Independent Director

Mr. Hahn has over two decades of rich experience in Operations, Sales and Development, having worked in leadership positions at Eisenwerk Erla GmbH. He is currently the Executive Director of Eisenwerk Erla GmbH, Germany.

He holds a Diploma for Foundry Engineer from the University of Freiberg, Germany and Certificates in Product Liability Law, Advanced Product Quality Planning, and Techniques of Failure Mode and Effects Analyses.

Mr. James Tucker

Non-Executive and Non-Independent Director

Mr. James Tucker is the Global Chief Operating Officer for the Aerospace Division, responsible for overseeing operations within Dynamatic Technologies Limited in Bangalore and Dynamatic Limited in the UK, located in Swindon and Bristol. He became part of Dynamatic in 2006 when his family business was acquired by the company and currently serves on the Boards of both Dynamatic Technologies and Dynamatic Limited (UK).

Mr. James has worked in the Aerospace sector for over 35 years, holding diverse roles such as tool maker, CNC machine programmer and operator, quality engineer, shop floor manager, aircraft repair engineer, procurement, general manager, project management, sales and marketing, and Director.

Before joining Dynamatic Technologies Limited, he ran his family business, Oldland Aerospace, which grew from a small company into a successful enterprise with long-term contracts supplying Tier 1 companies in the UK & USA.

As part of Dynamatic Technologies, Mr. James has led major investment projects, including the deployment of advanced 5-axis machine tools and automated material handling systems at factories in the UK and India.

His professional certifications include City and Guilds levels 1, 2, and 3, HNC CNC Programming & Mechanical Engineering, aircraft repairs training, quality & metrology, lean manufacturing, and being an audit signatory.

Dr. Udayant Malhoutra

Chief Executive Officer and Managing Director

Dr. Udayant Malhoutra is the CEO and Managing Director of Dynamatic Technologies Limited and has been associated with the Company for over three decades. He is credited with building and nurturing a world-class management team and transforming the Company into a knowledge-based organisation with global operations.

He has served as the Chairman of the National Sector Skills Council for Strategic Manufacturing, and Chairman of the National Institute of Design, Amravathi. He is a member of CII National Council and has chaired the CII National Committees on Design and Technology.

He has also served on the Board of Governors, IIT Kanpur, and is a past President of the Fluid Power Society of India. He is an active member of the Young Presidents’ Organization (YPO), having served as Chairman, India & South Asian Area and as a member of the International Board of Directors.

He has been conferred the degree of Doctor of Engineering & Technology (Honoris-Causa) from University of Engineering and Management, Kolkata, in recognition of his outstanding contribution in the field of Technology & Innovation and his dedicated service to the nation.

Mr. Chalapathi P

Executive Director and Chief Financial Officer

Mr. Chalapathi is a Chartered Accountant and a Postgraduate in Commerce with over 17 years of diverse experience in financial leadership. He has been with Dynamatic since 2009 in various roles and currently serves as Executive Director and CFO, bringing expertise in financial strategy, investment decisions, and organisational transformation.

Before joining Dynamatic, he worked with Interplex Electronics India Pvt. Ltd, Bangalore, a US-based manufacturing MNC owned by Blackstone.

His experience spans financial strategy & investment decisions, treasury management and banking relationships, driving change in the organisation, digitisation and technology adoption, overseeing direct & indirect tax including transfer pricing enquiries, project costing, SEBI, FEMA, corporate governance, investor relations, audit committee matters, mergers & acquisitions and RBI matters.

In his previous roles, he was responsible for Finance & Accounts, Controlling, Taxation, Audits, and Project Costing. With extensive experience in financial leadership, he has developed expertise in financial reporting, risk management, and strategic growth initiatives. He is also known for his team-oriented approach and approachability.

Mr. Chalapathi has been recognised with multiple awards, including the CFONXT100 award for three consecutive years (2015, 2016 & 2017) and the CFO100 award in 2020.

Mr. Shivaram V

Chief Legal Officer and Company Secretary

Mr. Shivaram is a qualified Company Secretary and a Law Graduate with over twenty years of experience in Company Secretarial and Legal matters. He has worked across various industries including Power, Pharmaceutical, Plantations, and Manufacturing. He also holds Post Graduate Diploma in Business Administration from Symbiosis University, and a PG Diploma in Foreign Trade. His expertise encompasses Mergers and Acquisitions, Equity Issues, FEMA & SEBI Compliances, Corporate Governance, Compliance, Risk Management, Board Management, Contract Negotiation and Management, Litigation, Regulatory Affairs, Policy Development, Intellectual Property and Patent Strategy, Industrial Relations as well as settlement and trial strategies.

Prior to joining the Company, Mr. Shivaram held a senior position in the Secretarial and Legal department of a Tata Group Company. Before that, he served as the Company Secretary at one of the Manipal Group companies.

Mr. Ajay Gururaj

Chief Commercial Officer

Mr. Ajay Gururaj has been associated with Dynamatic Technologies for over 17 years. He started his career in developing business case for Spirit/Airbus project for Aerospace division.

He was the Project manager for setting up state of the Art Infrastructure “Prana” and installing Equipments for the Spirit/ Airbus Program. Later moved into Business Development where he was instrumental in wining contracts with Boeing Defence on P8 & Chinook contracts, won contracts with Bell Helicopters on large work packages.

Headed the Project Management for Chinook Ramp & Pylon assembly developing an ecosystem of supply chain and capabilities within Dynamatic.

He was relocated to Dynamatic Limited, UK for about 2 years and was responsible for expansion of Dynamatic-Oldland Aerospace® in the UK.

Ajay currently serves as the Chief Commercial Officer at Dynamatic Technologies, bringing over 17 years of expertise in Aerospace Business Development. As a key member of the leadership team, he acts as the primary liaison for all international customers and leads the company’s customer relationship initiatives.

Mr. Steve Hayes

Chief Technical Director Aerospace Division, Dynamatic Limited, UK

Mr. Steve Hayes is the Technical Director of the Aerospace Division at Dynamatic Limited, UK, overseeing manufacturing and technology operations in Swindon and Bristol. He joined Dynamatic in 2006 following the acquisition of the Tucker family business and currently serves on the Board of Directors.

With over 30 years of experience in the aerospace sector, Steve has held diverse roles including toolmaker, CNC programmer/operator, quality engineer, shop floor manager, aircraft repair engineer, project manager, and director. He actively supports machine shop operations in the UK, and also contributes to divisions in Bangalore and Germany.

Prior to Dynamatic, he led engineering at Oldland Aerospace, helping it grow into a successful supplier to Tier 1 companies in the UK and USA. At Dynamatic, he has driven major investments in 5-axis machining, offline simulation tools, and automated material handling systems across UK and Indian facilities.

Steve holds certifications in City & Guilds Levels 1–3, HNC in CNC Programming & Mechanical Engineering, and specialized training in aircraft repair, quality, and metrology. He is proficient in tools like Catia, Vericut, Mastercam, Volumill, Siemens, Heidenhain, Fanuc, Mazatrol, and CMM metrology systems, with over 25 years of experience in 3D systems.

Ms. Ahilya Malhoutra

General Manager

Ms. Ahilya Malhoutra is driving digital transformation at Dynamatic Technologies by collaborating closely with business heads to integrate next-generation digital tools into the workplace. She is currently leading the implementation of Salesforce across the organization, enhancing operational efficiency and customer engagement.

Previously, Ahilya contributed to key aerostructure programs, including Boeing’s F-15EX and Airbus’ A220 Hatch Door, where she played a pivotal role in advancing manufacturing capabilities. Building on this experience, she is now focused on introducing augmented reality (AR) solutions to further empower the shop floor with immersive, real-time digital support.

Ahilya is also actively engaged in the Dynamatic Hydraulics® business, bringing her cross-functional expertise to support innovation and growth in this critical division.

Air Chief Marshal VR Chaudhari, PVSM AVSM VM

Independent Director

Air Chief Marshal V. R. Chaudhari was born on 4 September 1962 and was commissioned into the fighter stream of the Indian Air Force (IAF) on 29 December 1982. He is an alumnus of the National Defence Academy and the Defence Services Staff College, Wellington.

The Air Officer has flown various types of aircraft and has extensive experience on the MiG-21, MiG-23MF, and MiG-29. He has flown over 3,850 hours and was a member of the IAF’s first aerobatic team on the Kiran aircraft. He is a Category A (CAT A) Qualified Flying Instructor and an Instrument Rating Instructor and Examiner. Air Chief Marshal Chaudhari has rich and varied flying experience, including several operational missions during Operation Meghdoot and Operation Safed Sagar.

During his illustrious career, he has held numerous field and staff appointments. He has served as an Air Force Examiner on several types of fighter and trainer aircraft and has commanded a fighter squadron and two frontline air bases.

He has served as an Instructor at the Defence Services Staff College, Wellington, as well as at the Defence Services Command and Staff College, Zambia. As Deputy Chief of the Air Staff, Air Chief Marshal Chaudhari was instrumental in formulating capability development plans for the IAF. He played a key role in the induction of the Pilatus PC-7, C-295, and Rafale aircraft. He has headed operations of the Eastern Air Command as the Senior Air Staff Officer and served as the Air Officer Commanding-in-Chief of the Western Air Command. He was the Vice Chief of the Air Staff prior to assuming office as the 27th Chief of the Air Staff on 30 September 2021, a position he held until 30 September 2024.

In recognition of his exceptionally distinguished and meritorious service, he was awarded the Vayu Sena Medal in January 2004, the Ati Vishisht Seva Medal in January 2015, and the Param Vishisht Seva Medal in January 2021.

Ms. Shyamala Venkatachalam

Independent Director

Ms. Shyamala holds a Master of Arts in Media Specialization from Bournemouth University, a Bachelor of Commerce in Economics and Business from the University of Calcutta and is an Associate Member of the Institute of Company Secretaries of India with specialization in Corporate Law and Compliance. She has further strengthened her academic credentials through certificate courses in Intellectual Property from the WIPO Academy, Switzerland, and Copyright Law from Harvard Law School.

With over 22 years of experience in the Media and Entertainment sector, Ms. Shyamala has led legal and regulatory functions for both global and domestic brands, providing strategic guidance across the content value chain and contributing to the evolution of industry regulations and business models. During her earlier tenure of nearly a decade at Dynamatic Technologies Limited, she managed a wide spectrum of corporate matters during India’s early phase of economic liberalization, including contracts, intellectual property, finance, and taxation, supporting an entrepreneurial organization engaged in aerospace, hydraulics, and security applications.

Her areas of expertise include strategic legal counsel, regulatory adaptation and future-proofing, complex contract negotiation, risk and compliance management, as well as litigation and arbitration.

In recognition of her professional excellence and influence, she was featured among the “Top 100 General Counsels of India” in 2022 and the “Top 100 Influential Women in Law” in 2023 by the BusinessWorld Group.

Mr. V Ravichander

Chief Technology Officer, Dynamatic Technologies Limited

V. Ravichander (Ravi) is the Chief Technology Officer at Dynamatic Technologies Limited, leading Aerospace & Hydraulics Business Operations in India. Since joining in 2016, he has been instrumental in strengthening Dynamatic’s position as India’s largest private-sector aerospace manufacturer. Under his leadership, the company has significantly advanced its capabilities in high-precision airframe structures and aerospace components, achieving Tier-I supplier status with Airbus, Boeing, Dassault Aviation, Deutsche Aircraft, Bell Helicopter, Hindustan Aeronautics Limited, and Bharat Electronics Limited, while securing multiple global regulatory approvals and certifications.

With over 28 years of international experience across Production Operations, Quality Assurance, Lean Manufacturing, Value Engineering, Project Management, and Continuous Improvement, Ravi has led and collaborated with cross-functional teams in more than 10 countries.

Career Highlights

  • Dynamatic Technologies (2016–Present): Leading operational excellence and technology strategy for Aerospace and Hydraulics business operations, with end-to-end responsibility for operations.
  • Underwriters Laboratories (UL): Served as Quality Assurance Manager for Emerging Markets in Product Safety Operations. Directed more than 20 international and national accreditation programs across five countries (ISO/IEC 17025, ISO/IEC 17065, ISO/IEC 17020, ISO 13485) and was twice recognized with UL's prestigious Mark of Excellence Award (2011 & 2014).
  • Hindustan Aeronautics Limited (HAL): Project Manager, Exports Division, with extensive experience leading complex international programs. Managed technology transfer projects with Airbus, Boeing, IAI, and Mitsubishi Heavy Industries, focusing on aerostructures and movable assemblies such as passenger, cargo, and emergency exit doors. Actively contributed to MRB panels and provided support for multiple FAIs and regulatory compliance initiatives.

Education

  • M.S. (Operations), Birla Institute of Technology & Science (BITS), Pilani
  • B.E. (Mechanical Engineering), R.V. College of Engineering, Bangalore

Professional Certifications

  • Certified Lean Six Sigma Master Black Belt
  • SHINGO Trained Facilitator – Operational Excellence