Board and Management

Board of Directors

Mr Kailasam Sundaram
Chairman Non-Executive

Kailasam has over 28 years of corporate experience in the field of corporate law, FEMA, finance & taxation, audit (internal & external), legal and HR matters.    Areas of   expertise include fund raising for short-term  and long-  term  requirements, listing of securities and  handling of  direct and indirect tax matters, risk assessment, evaluation  of internal controls, understanding and evaluation of  systems and processes.

Since July, 2015 he is acting as an Independent Advisor to various corporates providing specialised services on capital structuring (within and outside India), FEMA and other corporate law matters.  He is a regular speaker and presents papers on corporate law matters at events conducted by professional bodies.

Kailasam is a Fellow Member of the Institute of Company Secretaries of India and an Associate Member of the Institute of Cost & Management Accountants of India.

Dr. Hanuma Prasad Modali, M.Sc., Ph.D., MAusIMM
Managing Director

M. Hanuma Prasad has extensive experience in Exploration and Mining industry in India and overseas.  In his long career, spanning over 27 years, Hanuma has worked in various capacities in Exploration and Corporate Management. As an Exploration Manager, he has led several greenfield and brown field exploration projects for gold, base metals, nickel-PGE, mineral sands and iron ore.  He has held key management positions, including Chief Executive Officer, in which he is involved in fundraising and  corporate management.

Hanuma started his career with Geological Survey of India in 1994 where he carried out geological mapping and exploration for gold. His work in Central India has helped in bringing out new regional geological concepts. Hanuma joined Australian Indian Resources Group (AIR) in the year 2001 and continued to work with the Group for the last 20 years. As an Exploration Manager, he has explored Archaean and Proterozoic terrains of central India for gold, base metals, Ni-Cu-PGE and made significant discoveries.   He was actively involved in the exploration research on generating new gold and Ni-PGE targets in India. During this period he has also built exploration teams and explored various parts of Africa for other mineral resource companies which have consultancy arrangements with AIR Group.

Since 2008 Hanuma was closely associated with the Business Development team of the AIR Group, during which he carried out due diligence of several precious commodity projects in India, Africa and South America. He has been associated with fund raising into AIR and Geomysore Services (India) Pvt Ltd (GMSI). Hanuma has co-managed NI 43-101 compliant feasibility study on Jonnagiri Gold Project along with a team of international and Indian experts.  He is currently part of the senior management of GMSI playing a key role in the development of Jonnagiri gold mining project.

Hanuma has worked widely in Africa, SE Asia, South America  and CIS countries as a part of due diligence team to advice various business houses in acquiring mineral projects in these countries. He has been instrumental in setting up gold and other mineral exploration and mining companies in Sudan, Ivory Coast, Togo, Zambia, Malawi and Kyrgyzstan.

He is on the board of many mineral resource companies, including AIM – listed LionsGold Limited which has got interests in mineral prospects in India.  He is a member of Australian Institute of Mining and Metallurgy (AusImm). Hanuma has Doctorate in Geology and published number of papers in peer reviewed journals. He is a prolific speaker in national and International conferences.

Mr Subramaniam Sundaram
Executive Director

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 has 24 years of experience in the field of Company Law and other corporate laws.  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 since October, 2006.

Mr Natesan
Independent Non-Executive 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.

Mr. Binay Prakash Pandey
Non Executive & Non Independent Director

Mr. Binay Prakash Pandey holds Bachelor of Technology in Mining and Mineral Engineering, NIT Karnataka Post Graduate Diploma in Marketing Management Diploma in Management.  He Enrolled as a Research Scholar under PhD program of the Indian Institute of Technology (Indian School of Mines). Starting his career in Asia’s then largest mining complex – Kudremukh Iron Ore Company Limited, Binay moved on to working for one of the largest steel plants in India – JSW Steel Limited, culminating into a total of 28 years of work experience in both public and private sector enterprises.  Binay’s comprehensive understanding of the Mineral Evidence and Content Rules and Mineral Auction Rules under the new auction regime resulted in JSW successfully bidding on 9 iron ore blocks out of which 4 have begun operations.

Binay is an Member (expert in the field of major minerals) in the Karnataka Mineral Policy Committee.

Since September 2020, Binay is the CEO of Ecomen Laboratories Private Limited (Environment Consultants) and is also the Founder Director of E2E Mining Solutions Private Limited (providing engineering and management consulting services to the mining industry)

Mrs Revathi Thiruvengadam
Independent Non-Executive Director

Presently based in Bangalore, Mrs Revathi is a Senior Partner of Thiru & Thiru, a LEGAL 500 recommended law firm.    Mrs. Revathi holds a Bachelor’s Degrees in Arts and Education from Sathya Sai University and Law Degree from the University of Bangalore. Upon being called to the Bar in 1992, she joined Thiru & Thiru and played a pivotal role in the development and expansion of the firm.    She is a Registered Indian Patent Agent and a Trade Mark attorney and heads the Intellectual Property practice.   She also specialises in Real Estate, Debt Recovery and Banking Law. In addition to this she is an accredited trained mediator.

Technical Expertise

Consultant, Director Deccan Exploration Services Private Limited & Deccan Gold Tanzania Private Limited (wholly owned subsidiaries 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 & Director Deccan Exploration Private Limited (wholly owned Subsidiary of Deccan Gold Mines Limited)

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.

Geological Team

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.


India’s First Gold Exploration Company Listed on BSE.
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