ICICI Securities Limited announced that the Board of Directors of the Company, at its meeting held on September 18, 2023, took note of the superannuation of Mr. Venkatesh Shankaramani, Head Internal Audit Department (within the category of Senior Management in the Company) on September 30, 2023 and approved the appointment of Mr. Saravanan Maniraju as the Head Internal Audit of the Company (within the category of Senior Management in the Company) in place of Mr. Venkatesh Shankaramani with effect from October 1, 2023. Mr. Saravanan Maniraju joined ICICI
Securities Limited in July 2023. Prior to this, he was working with ICICI Bank Limited (ICICI Bank) since 2006. Mr. Saravanan Maniraju is a qualified Chartered Accountant with 23 years of post- qualification experience. At ICICI Bank, his last assignment was in the Leadership Team in the Internal Audit Group. During his career within ICICI Group, he has assisted the Head - Internal Audit in discharge of the responsibilities of the Internal Audit Department and provided overall assurance on the efficacy of internal controls. He has been exposed to the Audit Committee of ICICI Bank UK
PLC as deputy to the Head of Internal Audit for 5 years, conducted comprehensive risk assessment of the organization and assisted in designing and execution of the Risk Based Audit Plan (RBAP) at the Banking subsidiary. Mr. Saravanan Maniraju has handled audits of various business and support functions mainly, Retail & Rural Assets, Credit Card, Operations, Priority Sector Lending & Reporting, Business Banking, Branch Banking, Accounts & Finance, Compliance function, Human Resources, Fraud Control and Prevention and others. He has participated in various senior
forums like Product/Process Approval Committee (PAC) and Asset Liability Committee (ALCO) for assessment of risk. He has participated in development and deployment of new audit management software (i-ARS) and driven automation of audit tests through use of data analytics.
ICICI Securities Limited is a technology based financial services company. The Company is engaged in the business of broking (institutional and retail) including allied services of extending margin trade finance and employee stock option plans (ESOP) finance, distribution of financial products, merchant banking and advisory services. The Company's segments include treasury, broking and distribution, and issuer services and advisory. The treasury segment includes treasury and investment activities. The broking and distribution segment includes broking and other related activities, distribution of third-party products, such as mutual fund and life insurance, among others, and sales credit for referred business and interest earned on its funds used in the brokerage business. The issuer services and advisory segment includes financial advisory services, such as equity-debt issue management services, merger and acquisition advice and other related activities.
ICICI SECURITIES LIMITED 
