Refex Industries Ltd.
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A Story of Passion, Determination, and Growth

About Us

Refex Industries Limited is a dynamic, diversified enterprise with strategic interests in refrigerant gases, coal and ash management, power trading, clean mobility, and renewable energy. We are committed to sustainability, innovation, and long-term value creation across sectors critical to India's growth.


We specialize in eco-friendly refrigerant gas trading with multiple cylinder size options, offering reliable and sustainable cooling solutions. In the energy domain, Refex provides integrated services for responsible coal supply, handling and ash utilization. With a Category-I license for interstate power trading, we enable electricity transactions across the country.


Refex Green Mobility Limited, our clean mobility arm, offers four-wheeler vehicles running on clean fuel along with a technology-enabled platform and a professional driver partner to serve the corporates and demand aggregator platforms.


Our renewable energy subsidiary, Venwind , focuses on revolutionising wind energy manufacturing in India through cutting-edge technology, localised production and sustainable growth.


Together, our businesses drive impactful, scalable solutions aligned with a cleaner, more efficient future

Mission

Refex shall create enduring value across industries through innovation, operational excellence, and sustainable practices, thereby empowering our customers, enriching our communities, and delivering responsible growth for all stakeholders

Vision

Refex aims to be a globally admired conglomerate, driving long-term sustainable growth through innovation, purposeful collaborations and partnerships, and an unwavering commitment to excellence, while contributing meaningfully to societal progress

Core Values

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P

Doing what’s right, with integrity and intention
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A

Bringing your true self to work, and honouring that in others.
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C

Keeping our customers at the heart of everything we do.
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E

Fostering a workplace where respect, dignity, and belonging are everyday experiences.

Composition of Committees

Name of Committee Name of Committee Members Designation Category
Audit Committee
Mr. Ramesh Dugar
Mr. Dinesh Kumar Agarwal
Mr. Sivaramakrishnan Vasudevan
Independent Director
Whole-time Director & CFO
Independent Director
Chairman
Member
Member
Nomination & Remuneration Committee
Mr. Ramesh Dugar
Mr. Anil Jain
Mr. Sivaramakrishnan Vasudevan
Independent Director
Managing Director
Independent Director
Chairman
Member
Member
Stakeholders Relationship Committee
Ms. Latha Venkatesh
Mr. Dinesh Kumar Agarwal
Ms. Susmitha Siripurapu
Independent Director
Whole-time director & CFO
Non-Executive Director
Chairman
Member
Member
Corporate Social Responsibility Committee
Mr. Sivaramakrishnan Vasudevan
Mr. Dinesh Kumar Agarwal
Mr. Anil Jain
Independent Director
Whole-time director & CFO
Executive Director
Chairman
Member
Member
Risk Management Committee
Mr. Dinesh Kumar Agarwal
Ms. Susmitha Siripurapu
Mr. Sivaramakrishnan Vasudevan
Ms. Harini.S
Mr. Sachin Navtosh Jha
Whole-time director & CFO
Non-Executive Director
Independent Director
VP-Legal (Holding Co.)
Chief of Staff (Holding Co.)
Chairperson
Member
Member
Member
Member
Banking & Authorization Committee
Mr. Anil Jain
Mr. Dinesh Kumar Agarwal
Ms. Susmitha Siripurapu
Managing Director
Whole-time director & CFO
Non-Executive Director
Chairman
Member
Member

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Refex Vertical Wise Presence

Spanning Across the Nation

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Anil Jain

Chairman and Managing Director

Anil Jain is the Managing Director of Refex Group. Innately enterprising and venturesome since childhood, business came naturally to Anil. At the tender age of 17, Anil started to spend time in his family’s stainless steel trading business. His passion for identifying opportunities led him to the realm of refrigerant gas, during a meeting with a large air conditioning manufacturer. In 2002, he laid the foundation stone to set up his first refrigerant gas refilling plant under the name of Refex Refrigerants Limited (now Refex Industries Limited). Since then, there has been no looking back! Anil slowly and steadily expanded his business horizon, and Refex ventured into various business domains such as Renewable Energy, Ash & Coal, Pharma, Venture Capital, Airport Transportation, Medical Technology, Green Mobility, and Power Trading.

Throughout his journey, Anil has been a mentor to many entrepreneurs. He wanted to be able to mentor more start-ups and give them the resources and platform they needed to succeed. He has successfully created many such entrepreneurs.

Anil is strongly committed to sustainability and ensures Refex’s business model reflects the same ethos. For all this and much more, Anil has won several industry accolades such as ‘Trailblazer of Tamil Nadu’, ‘Young Entrepreneur’ by the Times Group, Stevie Award from the UK, Dun & Bradstreet Top 100 SMEs award etc. Refex Group under his leadership has been certified as a ‘Great Place to Work’ by GPTW for 2 years in a row.

  1. Refex Renewables and Infrastructure Limited (Promoter & Non -Executive Director)
  2. Sherisha Technologies Private Limited (Managing Director)
  3. R.L.Fine Chem Private Limited
  4. Venwind Refex Limited
  5. Venwind Refex Power Limited
  6. Lee Pharma Limited
  7. Refex Green Power Limited
  8. 3I Medical Technologies Private Limited
  9. Refex Airports and Transportation Private Limited
  10. Refex Beverages Private Limited
  11. SILRES Energy Solutions Private Limited
  12. EMCO Limited
  13. PHD Chamber of Commerce & Industry
  14. AJ Incubation Forum

Dinesh Kumar Agarwal

Whole-Time Director & Chief Financial Officer

Mr. Dinesh Kumar Agarwal possesses refined entrepreneurial skills across diverse business domains, contributing to consistent success in all his business endeavours. Since 2014, his expertise, combined with his passion and zeal to grow the Company’s business, has accelerated our growth trajectory. Mr. Dinesh’s acumen in numbers has facilitated the growth of several businesses while his expertise in Corporate Finance, spanning Audit, Financial Accounting and Planning, Tax and Fundraising has helped raise over ₹ 5,000 Crores for his clients. He has worked with reputed organisations like Aircel and Brisk and holds diverse experience in Solar EPC segments and Utility-scale projects. He has also served as a consultant for start-ups, SMEs, established Corporate Houses, and International NGOs and has won several industry recognitions for his contribution to management stream and related areas.

1) Refex Renewables and Infrastructure Limited (Non-Executive Director)
2) Sherisha Technologies Private Limited (Whole-time Director & CFO)
3) Venwind Refex Limited
4) Venwind Refex Power Limited
5) Scorch Solar Energy Private Limited
6) Singe Solar Energy Private Limited
7) Sourashakthi Energy Private Limited
8) Spangle Energy Private Limited
9) Torrid Solar Power Private Limited
10) Sparzana Aviation Private Limited
11) Refex Life Sciences Private Limited
12) Anam Medical Solutions Private Limited
13) Anam API Fine Chemicals Private Limited
14) Sherisha Infrastructure Private Limited
15) VS Lignite Power Private Limited
16) EMCO Limited
17) AJ Incubation Forum
18) Refex Solar Power Private Limited

Susmitha Siripurapu

Non-Executive Director

Susmitha is an accomplished Strategy and Program Management professional. She holds a Bachelors in Engineering degree from Osmania University with a specialization in Computer science. Post which, she worked in Consulting verticals with the BIG 4’s and helped large, multinational corporates optimize and digitalize the lease administration and accounting processes in their capital projects, optimize their facilities, and re-size their real estate portfolios. After 3 years of Consulting exposure, she pursued her Master’s in Business Administration from HEC Paris and Duke University. Ever since, she has been working in strategy roles and gained hands-on experience in developing data-driven strategic and managerial initiatives and ensuring timely and within-budget implementations. She possesses a demonstrated record in building strong leadership networks, collaborating across countries, and enabling high-performance operating models/teams across diversified industry verticals. She has proven to be adept at leveraging analytics for decision-making, formulating strategies for growth, improving efficiency in operations, and developing advanced reporting structures.

Academically completed an MBA from HEC Paris &  Duke University.

1) Refex Solar SPV Five Limited
2) REFEX CBG SPV (MADURAI) LIMITED
3) REFEX CBG SPV (SALEM) LIMITED
4) REFEX CBG SPV (COIMBATORE) LIMITED
5) VENWIND REFEX POWER SERVICES LIMITED

Dr. Vineet Kothari

Independent Director

Dr. Kothari is a Senior Advocate at the Supreme Court of India and a distinguished legal luminary, known for his expertise across Constitutional, Taxation (Domestic & International), Corporate, Insolvency, Arbitration, Property, and Family laws. His advisory work also spans key regulatory domains including FEMA, FERA, and PMLA. With a strong footprint in Alternate Dispute Resolution, he is empaneled with leading High Court–annexed arbitration centers across India, and serves on the panels of the Nani Palkhivala Arbitration Centre, Singapore International Arbitration Centre (SIAC), and Dubai International Arbitration Centre (DIAC). He is also a Senior Advisor to KPMG India and currently serves on the Governing Council of the Indian Council of Arbitration (ICA), FICCI.

Dr. Kothari’s illustrious judicial career includes serving as a Judge across the High Courts of Rajasthan, Karnataka, Madras, and Gujarat, and he has held the position of Acting Chief Justice at both the Madras and Gujarat High Courts.

ICAI Registered Valuers Organisation

Sivaramakrishnan Vasudevan

Independent Director

Mr. Sivaramakrishnan Vasudevan is a highly experienced finance professional. For the past 40 years, he has worked in the field of Corporate Law, Finance and allied subjects. He has wide exposure in diverse industries including plantation, textiles, mining, hospitality and banking and specialises in Appraisal, Valuation, and FEMA related matters. Over the years, he has handled corporate accounts and matters related to Audit and Tax, appeared before Tribunals, and participated in Board / Committee Meetings, with special reference to Nominee Directors from Financial Institutions / BIFR. He is an expert in vetting legal documents. Presently, he serves as a Consultant / Advisor to a Group of companies in Chennai. He is a commerce graduate and holds Fellow Membership of the Institute of Company Secretaries of India.

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Latha Venkatesh

Independent Director

Ms. Latha Venkatesh is a qualified Cost and Management Accountant (CMA). She is a senior Auditor with eleven years of experience in practice. Having worked with clients in multiple industries, she has good knowledge and vast experience in cost audit, internal audits, processes and standards that significantly improve the opinion on company records, banking practices and management & taxation, technology driven performances. She has engaged with multiple business sectors like Engineering & Manufacturing, Construction & Civil Engineering and Banking.

1) Refex Renewables and Infrastructure Limited
2) Torrid Solar Power Private Limited
3) K.S. OILS LIMITED

Ramesh Dugar

Independent Director

Mr. Ramesh Dugar, Director of Dugar Group of Companies, is a leading industrialist with vast experience in diverse fields such as Finance, Investments, and Real Estate. He plays a pivotal role in streamlining risk management and corporate governance for the Company. An enthusiastic and passionate leader who believes in contributing to society, he is a trustee for several charitable trusts. He also holds the prestigious positions of Chairman – All India Manufacturers Organisation and Vice Chairman – Hindustan Chamber of Commerce. Mr. Ramesh is a graduate in Commerce and holds a diploma in Marketing Management (LIBA) from Loyola.

1) Hindustan Chamber Of Commerce
2) Goodworth Properties Private Limited
3) Dugar Finance And Investments Limited

Purvesh Kapadia

CHRO

In a career span of 25+ Years – Purvesh has played multiple strategic pinnacle roles ranging from CHRO-Managing Partner-COO-Director HR etc. Throughout his career he has taken up several challenging assignments and has been instrumental in redefining the HR process for several leading organizations globally. Business process reengineering is his exclusive strength tested and proven in his career span. His innate process-driven approach has helped in achieving double-digit top-line and bottom-line growth for several organizations, he has been associated with. He has worked with several prestigious organizations such as Terex, Intervalve India Ltd, Sheetal Group etc. Purvesh has also spent 10+ years in the IT Education sector.

Academically , he has a Master’s in Human Resources – Development & Management from Jamnalal Bajaj Institute of Management Studies and a Honours in Systems Management (Information Technology) from National Institute of Information Technology.  

Jagdish Jain

Business Head – Ash & Coal Handling

Jagdish has over 20 years of experience in handling multiple businesses. Starting a business career at a very young age he has honed his business skills through his journey to now head the Ash and Coal business for Refex. His vast experience includes domains such as Steel, Construction, Transport, Refrigerants etc. where he proved his prowess as an entrepreneur. He is fuelled by his passion and drive to achieve his business goals. His key strengths include liaising, negotiation and fleet & transport management. He manages the thermal or power plants to ensure seamless functioning and is always in pursuit of expanding his business. 

Academically, a Commerce graduate by education and has been recognized with multiple industry recognitions. 

Sahil Singla

Group Head – Corporate Finance

Sahil has over 19 years of experience in fundraising across sectors and has cumulatively raised more than USD 5 BN from Banks/FIs/Private Equity etc.  He has a unique blend of technical, financial and legal domain knowledge which sets him apart.  

His expertise is Project Structuring/Advisory, Equity Investments & Divestments, Financial Modelling, Business Analysis, Negotiations & Regulatory/Policy Advocacy. He has demonstrated experience in spearheading strategic initiatives and managing large key accounts.

In his earlier stints he has worked for various reputed organisations like JP Morgan, IL&FS Financial Services, SREI Infrastructure, PTC India Limited etc.

Sahil has completed his MBA in Finance from IMT Ghaziabad and his Bachelors in Legal Science from Government law college, Mumbai and a University topper in Law.

Sonal Jain

Group Head – Accounts

Sonal is an accomplished Chartered Accountant with excellent knowledge of financial reporting and accounting, having over 19 years’ of experience in Manufacturing and service industry including Transmission, Solar and EPC.

He has expertise in disclosure of information in financial reporting of the listed entities and evaluation of the Internal financial controls for the business and design and implementation of the internal controls in order to mitigate the financial risks. He has worked with numerous listed entities and has released quarterly/annual results of listed entity as per the requirement of SEBI/LODR.

In his past, he has led the “Cost Reduction Team” for KEC International Limited, Jabalpur plant and was able to reduce the conversion cost of the plant by 25% over a period of 5 years. He was a member of various Capex/Opex Negotiation committees and was able to make substantial savings.  He is an expert in identifying revenue leakages and ways of fixing the same. 

Academically he graduated from Rani Durgavati University, Jabalpur and is a Fellow Member of ICAI. 

Harini.S

Group Head – Legal

Harini comes with over 17 years of experience in handling and addressing corporate legal and commercial matters and litigations.  She has worked with esteemed organizations like HCL Technologies Limited, Siva Group, Tattva Group (part of India Cements Group) apart from her association with the law office of M/s. Satish Parasaran at Chennai.

At Refex, as a General Counsel, she handles Contracts review and management, IPR Management, Litigation management, Mergers & Acquisitions, Corporate Governance and compliances, Disputes Resolution etc. She also heads the POSH committee. 

Academically Harini is a qualified Commerce and Law graduate.  She is a certified M&A Professional – Legal & Business Strategies from Indian Academy of Law & Management, New Delhi.

Srividya.N

Group Head – Corporate Communications

Srividya is an extremely goal-oriented communication professional with over 20 years of work experience in various leading organizations.  She is highly experienced in internal and external communication, social media, digital marketing and event management. Whether it is an analyst report or a marketing document, she is the go-to person. Srividya has also led diversity and inclusion and CSR initiatives in her career. She is very passionate about D&I, whether strategy or implementation and strives to make a difference to society. She has won several D&I awards and recognition for the various initiatives that she implemented. She has also been the head of the POSH committee. She has been recognized as a ‘star performer’ several times and has led award-winning teams. Her strengths include process definition and project management and has been highly acclaimed for the same. She has worked for highly reputed organizations such as Satyam, UST, Accenture, AGS Health etc. 

Academically she has completed her Masters in Public Administration and post-graduation in Digital Marketing from Mudra Institute of Communications, Ahmedabad. 

Academically, Lalitha has completed her graduation in Commerce and several other certifications pertaining to her domain. 

Suhail Shariff

Group Head – Administration & Facility

Suhail has over 23 years of Facility Management experience including Asset Management, Project Management, Security Services, Transitions and Change Management. A very goal-oriented leader, Suhail focuses on creating an enhanced customer experience through effective facility management solutions and has contributed to accomplishing critical FM transitions across India and global clients (APAC, EMEA  & America Regions). He has previously worked for esteemed organizations such as CB Richard Ellis, Cushman & Wakefield, and Jones Lang Lasalle.

Academically, Suhail holds a Commerce degree with a Certification in Leadership Programme issued by the Project Management Institute.

Gagan Bihari Pattnaik

Group Head – ESG & Sustainability

Gagan is a chartered environmentalist and sustainability professional (IEMA, UK, SEP-USGBC, USA) and a certified ESG analyst (CESGA®, EFFAS, Germany) with over 18 years of international experience. His assignments include geographies such as India, USA, and the Middle East in Sustainability and ESG domain in the setting and driving Corporate Sustainability/ESG Strategies leading to performance excellence. In a nutshell, his professional expertise

includes but is not limited to Decarbonization Strategy and Net Zero Goal, Climate Change and Adaptation, Built Sustainability (LEED), Energy Conservation, Audit, Sustainability Assurance & Verification, Circularity of Material, Water Stewardship, ESG Indices, and Matrices, ESG Performance

Disclosure (BRSR, GRI, IIRC, TCFD, and CDP framework), CSR Project Implementation, Stakeholder Engagement, and Biodiversity Conservation program.

Academically Gagan is an M.Tech in Civil-Environmental Engineering, Distinction (UPTU, India, 2004). He also holds a Diploma in ESG Analysis (EFFAS, Germany), Certificate in Corporate Sustainability (NYU Stern, USA) and a Certificate in CSR (IICA, Ministry of Corporate Affairs, India)

Yash Jain

Director – Green Mobility

Yash is a sustainability-driven business leader specializing in transitioning from conventional to green energy solutions. As Director at Refex Green Mobility, he leads strategy and business development, focusing on scaling electric mobility solutions for corporates. His expertise lies in accelerating the shift from brown to green energy, ensuring that sustainability is not just an initiative but an operational foundation.
With a background in Marketing Management from Lancaster University, UK, and experience across industries like solar energy, private equity, and F&B, he brings a multidisciplinary approach to business growth. Having worked in both India and the UK, he combines global insights with local execution to drive impact. His approach prioritizes innovation, leveraging AI for problem-solving, and exploring opportunities in new sectors, including sustainable pharmaceuticals.
Beyond business, he contributes to policy advancements, notably playing a role in enabling EV registrations in Tamil Nadu. He frequently speaks at industry forums, advocating for sustainable transformation at scale. His leadership philosophy emphasizes a balance between employee well-being and performance, fostering loyalty-driven growth.
Passionate about creating meaningful change, Yash is committed to building businesses that integrate sustainability from the ground up. His long-term vision is to drive large-scale impact, making sustainability accessible and economically viable, ensuring a better future for both people and the planet.

Meet Goradia

COO – Green Mobility

Meet has a wealth of extensive experience, progressing from junior levels to leadership positions in diverse fields such as shipping, textile, courier, warehousing, logistics and mobility. His career reflects a strong inclination towards business, consistently managing large, complex operations and P&L responsibilities to ensure financial health and growth.
Meet began his professional journey as a merchant navy sailor, sailing across oceans on large crude oil tankers managing deck side operations. This maritime experience laid a solid foundation for his subsequent career. Driven by a desire to deepen his expertise, Meet pursued a Master of Science in International Logistics and Supply Chain Management from the University of Glamorgan.
His dedication and strategic acumen propelled him up the corporate ladder. Most notably, Meet’s last role was with a mobility startup, where he served as a consultant COO. Under his leadership, the company achieved remarkable growth, and pivoted its way in the startup EV mobility ecosystem.
Meet’s dynamic career is a testament to his business acumen, strategic thinking, and ability to drive significant growth across various sectors.

Ankit Poddar

Group Head – Corporate Secretarial

Ankit has more than twelve years of experience in the Corporate Governance function. He is responsible for ensuring compliance with corporate and securities laws and corporate governance stipulations across Refex Group. His core area of expertise and operations has been statutory compliances, governance, corporate restructuring, corporate codes and policies, compliance management, investor relations, and all aspects of corporate secretarial function.

Prior to Refex, he was associated with Sterlite Power (Vedanta Group Company) and his earlier stint was with Hindusthan Urban Infrastructure Limited and NGP Industries Limited. Academically, he is a Commerce (Hons.) Graduate from the University of Delhi and Law Graduate from Meerut University. He is an Associate Member of the Institute of Company Secretaries of India. Ankit has also completed an executive program in Compliance Management from the Indian School of Business.

Sachin Navtosh Jha

Chief of Staff – Green Mobility

Sachin has over 7 years of experience across areas of consulting and general management. His eye for detail, inquisitiveness and delivery excellence are noteworthy. Some of his notable engagements have been while working with the senior bureaucrats of some State Governments and Central Government ministries in their advisory teams where he was involved in drafting strategy roadmaps for their key initiatives, as well as in the capacity of project management consultant in some implementation projects whose project cost were to the tune of several crores. He has also worked in reputed companies such as KPMG and EY India. At Refex Group, he works in the MD’s office where he works alongside the business team of Medtech, power trading, and venture capital investing apart from driving other industry-agnostic key strategic initiatives including opportunities for mergers & acquisitions. 

Academically, Sachin is an engineer from Kalyani Government Engineering College (West Bengal) and has an MBA from IIM Lucknow. 

Kruta Valecha

Group Head – COE (OD & L&D)

Kruta is an HR and learning professional with over a decade of experience in delivering bespoke talent solutions across the employee lifecycle. Throughout her career, she has consciously chosen roles that enable her to create organizational value through codifying talent, leadership aspiration, and competence in alignment organization’s culture, capability requirement and strategy.
Her functional expertise lies in competency management and integration, high potential and leadership development, curriculum design and delivery of learning experiences, curating new joiner experiences and business immersion for senior leaders, coaching and mentoring, careers management, and culture building.
She holds a Masters in Social Work from Madras School of Social Work and a PG Diploma in Human Resources Management from Symbiosis Centre of Distance Learning. She has also been certified as a Senior Certified Professional from SHRM (January 2018 – April 2024). Her zest for continuous learning has enabled her to secure multiple certifications in the space of Learning and Development and OD which include: Talent Management certification for executive development from XLRI and she has recently been certified as a Certified Learning Professional from Brandon Hall. She is also currently working towards getting her Associate Coach Certification from the International Coaching Federation.
She has worked with multiple organizations to build robust people practices and talent management solutions into the social fabric of the company. She has worked across various industries with some fine brands like TATA Consultancy Services, Accenture, Syntel, AGS Health and Sundaram Finance.