Board of Directors

W. Todd Rowan


Todd Rowan is a consulting firm owner partnered with TrendMax Agribusiness Group. TrendMax is a farm management consulting firm providing crop marketing and business planning services to agricultural producers in western Canada. Prior to partnering with TrendMax, Todd was the Director of Procurement at AGT Food and Ingredients Inc. (formerly, Alliance Grain Traders Inc.). and Procurement Manager at Prairie Pulse Inc. Todd also has many years of grain and chemical marketing and operations experience with United Grain Growers. Todd has a Bachelor of Science in Agriculture – Agricultural Economics degree from the College of Agriculture at the University of Saskatchewan. Todd also volunteers extensively in the Saskatoon community most notably serving as a coach for many years with Saskatoon Minor Hockey.  Todd is also a long term Karnalyte shareholder.

Vishvesh D. Nanavaty

CA, Director

Vishvesh D. Nanavaty is the General Manager of Finance and Chief Finance Officer at Gujarat State Fertilizers and Chemicals Ltd. (GSFC), a large joint-sector company with more than US$1 billion turnover, and Karnalyte’s strategic partner. Prior to his role as General Manager of Finance, Mr. Nanavaty was GSFC’s Company Secretary, and before joining GSFC, was Senior Finance Manager and Company Secretary at Johnson Pump (India) Ltd. Mr. Nanavaty is a Chartered Accountant, and received a First Class Commerce degree from The Gujarat University, The Institute of Cost & Works Accountants of India and The Institute of Company Secretaries of India.

Sanjeev Varma


Sanjeev V Varma is Vice President (Finance) at Gujarat State Fertilizers and Chemicals Ltd. (GSFC), a large joint-sector company with more than US$1 billion turnover, and Karnalyte’s strategic partner. Mr Varma did his Bachelor of Engineering from Sardar Patel University, Gujarat, India in 1990 and joined GSFC as a Trainee Engineer. While serving at GSFC, he did his Master of Business Administration (Finance) in 2002 from MS University Baroda securing Gold Medals for his academic achievements and since then he is working in the Finance Department of GSFC. He is presently heading the Budget & Project Financing Sections of the Company. He has rich experience of about 25 years as a techno-commercial executive in a big Petrochemical & Fertilizer Complex which includes Project Implementation right from the stage of conceiving till commissioning, Maintenance, Budgeting, Project Financing and Strategic Decision making.

D.C. Anjaria


D.C. Anjaria is a management graduate from the Indian Institute of Management in Ahmedabad, India. He has extensive international banking experience in India, Africa, the Middle East and Europe. Since returning to India, his focus has been on the financial markets industry where he works closely with investment banks, brokerage houses and mutual funds. As a financial markets professional, he has significant experience as a government policy advisor including advisor to the Securities and Exchange Board of India and the Securities Markets Regulator (BAPEPAM) in Indonesia. Mr. Anjaria has a wide-range of experience serving as an independent director with many companies in India and currently serves as an independent director of Gujarat State Fertilizers and Chemicals Ltd. (GSFC), Gujarat Venture Capital Fund Management and Ratnamani Metal and Tubes Ltd.