Board and Management

Board of Directors


Ms. Pratima Ram

Pratima Ram graduated from the University of Virginia, USA and Bangalore University. She is an experienced banker with three decades in corporate, international and investment banking and has held the position of Chief General Manager and Country Head of United States operations of State Bank of India and prior to this she was the CEO of the South African operations of the Bank. At SBI Capital Markets, she led the Corporate Advisory, M&A, & Project Appraisal businesses. While at SBI, she also headed the Diamond Financing business of the Bank. She later joined the private sector in the infrastructure space as Group President, Finance, at Punj Lloyd Group which has diversified operations in more than 15 countries. Till recently she was the CEO of India Infoline Finance Ltd, an NBFC focused on lending to small businesses, real estate and health care sectors. She is now Advisor to India Infoline Finance Ltd. She has held Board positions in SBI California Ltd, USA and India Infoline Finance Ltd, Mumbai.


Mr. Sandeep Lakhwara (B.Bus., CPA)
Managing Director

Mr. Sandeep Lakhwara has over 15 years experience in the exploration and mining sector. Educated at Curtin University in Western Australia and is a member of the Australian Society of Certified Practising Accountants (CPAs), Sandeep has been a principal and partner of several Australian based accounting practices specializing in capital raisings for the mineral industry, mergers and acquisition and corporate regulatory requirements for publicly listed companies. He was appointed on the Board of our Company in July 2002 and since then is primarily responsible for the development of Deccan Gold Mines Limited. Sandeep has made various presentations on factors influencing gold pricing, the operation and business model of international mineral exploration companies, and is regularly called upon to contribute articles on the gold mining industry to various newspapers and magazines.


Mr Natesan
Independent Director

A Post Graduate in Geology, Mr Natesan has 41 years of experience in all facets of exploration and exploitation activities related to minerals like bauxite, limestone, magnesite and graphite.   He has proved 10 bauxite deposits in Chhattisgarh and Tamil Nadu.  Mr Natesan served as Head of Mines in Bharat Aluminium Co Limited and Madras Aluminium Co Limited (Vedanta Resources) till 2010.  During this period, he was instrumental in obtaining forest and environmental clearances in Kolli Hills bauxite deposits in Tamil Nadu; Mainpat and Kawardha bauxite deposits in Chhattisgarh.


Mr Govind Subhash Samant
Non Executive & Non Independent Director

 Mr Govind Subhash Samant is an entrepreneur based out of Thailand and is a long-term shareholder of the Company holding a significant stake as on date.  Mr Govind has a keen understanding and appreciation of the business model of exploration and mining companies.


Hanuma Prasad Modali, M.Sc., Ph.D., MAusIMM
Non Executive & Non Independent Director

Dr Hanuma Prasad is a representative of Rama Mines Mauritius Limited, Mauritius on the Board of the Company.  He has 20 years of experience in exploration and mining industry, as exploration manager as well as part of the corporate management team.  He has a Doctorate in Geology and worked with Geological Survey of India from 1994 to 2001 in geological mapping and mineral exploration projects.   Presently, he serves as CEO of Australian Indian Resources Limited, Australia (AIR), a company that has got interests in mineral prospects in India.  He also serves on the Board of AIM – listed Lionsgold Limited which also has got interests in mineral prospects in India.

Technical Expertise

SCR Peshwa

Director (Exploration), Deccan Exploration Services Private Limited (wholly owned subsidiary of Deccan Gold Mines Limited)

Mr. Peshwa has nearly 32 years of experience as a mining and exploration geologist and specializes in gold exploration and resource modeling. He worked as a Mining & Exploration Geologist for 13 years with Bharat Gold Mines Limited. He has the distinction of working in the world famous Champion Reef Mine and carried out detailed exploration of Champion lode system both in deep and shallow levels. This has resulted in delineating new parallel lodes of the Champion Lode system. From 1996 to 2002 he worked as a Project Manager with ACC Limited and was involved in exploration of gold and other minerals. He successfully carried out gold prospecting in the Red Sea hills region of Sudan. Mr. Peshwa is responsible for the development of DGML’s Gold Projects and has implemented different exploration methods as per international standards including QA/QC programmes. He has international exposure for different styles for gold mineralization. Being a Fellow of Geological Society of London and Member of Geological Society of South Africa qualifies him as a competent person as defined by the JORC Code. Mr. Peshwa is also an RQP (Recognition as Qualified Person) awarded by Indian Bureau of Mines.

Corporate Team


K. Karunakaran
Chief Finance Officer

Mr. Karunakaran is a Certified Management Accountant from CMA (Australia) and also holds a Diploma in Management Accounting from CIMA, UK. He has a Masters Degree in Commerce. He possesses nearly three decades of experience in the field of Finance, Accounts and Audit and has worked in organisations in India and abroad. He has got wide experience in matters relating to Indian corporate laws, Banking matters and taxation. Apart from working in reputed corporate in India, Karun worked for 5 years in one of the leading multi divisional company in Sultanate of Oman – Muscat, in the internal audit department and advised management on methodologies to strengthen their internal control systems.


Mr. S. Subramaniam
Head-Legal & Company Secretary

Mr. Subramaniam is an Associate Member of the Institute of Company Secretaries of India (ICSI) and Associate Member of the Chartered Institute of Management Accountants, United Kingdom (CIMA).   He also holds a Law Degree (LLB) from Bangalore University.    He has over 20 years of experience in the field of Company Law and other corporate laws having worked earlier in the banking and pharma industry.  During his career, he has handled corporate restructuring exercises including mergers / demergers, amalgamations, joint ventures, foreign collaborations, fund raisings & listing of securities on domestic and foreign stock exchanges. He is in charge of the corporate legal and company secretarial matters and also functions as the Compliance Officer of the Company.

Geological Team


Dr. S.B. Harish Kumar
Exploration Manager

Dr. S.B. Harish Kumar, has 21 years of experience in exploration for gold and associated minerals, particularly in the States of Karnataka, Andhra Pradesh, Tamil Nadu and Kerala. He was a key member of the exploration team of D.G.M.L. involved in the discovery of Ganjaur gold deposit. Since then he has been actively involved in the exploration and development of the Ganajur gold project at all stages, including, geological mapping, ground geophysical surveys, execution of drilling programmes, Scoping, Feasibility, E.I.A , E.M.P and Hydrogeological, studies etc. Besides, he has also been involved in the exploration and development of Mangalagatti and Bhavihal gold prospects of DGML.


Mr. Rajeev P. Hanamasagar (M.Sc IT)
GIS – IT Manager

Mr. Rajeev P. Hanamasagar has 15 years of experience in working on Mining & GIS softwares like DataMine, Surpac, Datamine Discover 3D, Auto-Cad and Mapinfo.  With his expertise in Database Management of Mining & Exploration data, he is involved in generation of seamless geological and structural maps for exploration & mining projects using GIS platform matching international standards.   In the past, he has assisted in preparing necessary geological maps and drill holes sections forming part of Mining Plan of 2 Gold Projects including the Ganajur Gold Project.    Also handles the implementation and maintenance of the Company’s technology infrastructure and central information processing system to support efficient data management and communications.   Rajeev is also responsible for the secure and effective operation of all computer systems, related applications, hardware and software in the Company.


Dr. Yogananda K.S
Senior Geologist

Dr. Yogananda, has got more than nine years of experience in field geology, mineral exploration/prospecting and mining industry; mainly focused on GOLD exploration. He has been continuously engaged in exploring/prospecting for gold in different gold projects/prospects in various gold systems/belts in different parts of India and abroad, which includes Epithermal Gold System in parts of Volcanic Terrain of Djibouti, N-E Africa and the Paleo-Proterozoic mobile belt in southern part of Tanzania.

Yogananda is a key member of the geological team working at the Ganajur Gold Project and the Mangalagatti and Bhavihal prospects.

India’s First Gold Exploration Company Listed on BSE.
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