The Government of India vide Order no. E-14-3/2022-PSA dated 20thh February 2023, has appointed Shri Rajesh Rai, General Manager (GM), Mahanagar Telephone Nigam Limited (MTNL) to the post of Managing Director of ITI Limited for a period of five years with effect from the date of his assumption of charge of the post i.e. 21st February 2023 (F /N), till the date of his superannuation, or until further orders, whichever is the earliest. In accordance with Government of India order dated 20th February 2023, Shri Rakesh Chandra Tiwari, Director Marketing has relinquished the additional charge of the post of Managing Director w.e.f. 21st February 2023 (F /N).

The brief profile of Shri Rajesh Rai is enclosed herewith. Shri Rajesh Rai is not related with any of the Directors of the Company. the company affirm that Shri Rajesh Rai is not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India or any other such authority.

Shri Rajesh Rai having more than 30 years of rich experience in Telecommunication industry has assumed charge as Chairman and Managing Director of ITI Limited (ITI) on 21st February 2023. Prior to assuming charge as CMD in ITI, Shri Rajesh Rai served as General Manager (Admin) of Mahanagar Telphone Nigam Limited (MTNL), Mumbai Shri Rajesh Rai also held prestigious post of Chief Technology Officer of Mahanagar Telephone Mauritius Limited (MTML) in Mauritius for 12 years, where he was responsible for CDMA, GSM, 3G & 4G Network and customer acquisition. He holds a Bachelors degree of Engineering in Electronics from Madan Mohan Malviya Engineering College, Gorakpur, M.Tech (Computer Science) from Jawaharlal Nehru University and MBA from FMS, Delhi University.