Board of Directors

Vishvesh D. Nanavaty

Chairman of the Board

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.

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 Venture Capital Fund Management and Ratnamani Metal and Tubes Ltd.  

Derek Hoffman


Derek Hoffman is a corporate/commercial lawyer with the Hoffman Group advising public and private entities in a range of industries including mining, energy, agriculture and technology. Derek also brings significant mining experience having previously served as a Partner and Leader of the Mining Group at Miller Thomson LLP, a leading Canadian law firm, and also as in-house counsel for the global mining company BHP where he advised on a broad range of matters involving mineral exploration, strategic transactions and mine and associated infrastructure development and construction. Derek obtained a Bachelor of Commerce (with Distinction) and Juris Doctor from the University of Saskatchewan.  

Dilip V. Pathakjee


Dilip V. Pathakjee is the Senior Vice President of Materials Management 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. Pathakjee has over 30 years of experience in operations, research and development, finance, marketing, materials management, and management of foreign projects. During the past 5 years Mr. Pathakjee has held other senior roles at GSFC including Vice President (Finance) and Senior Vice President (Finance). Mr. Pathakjee holds a Masters in Chemical Engineering, a Masters in Business Administration, a Post Graduate Diploma in Treasury and Risk Management and a Diploma in Industrial Psychology.

Ritu Malhotra


Ritu Malhotra is the President and CEO of March Consulting Associates Inc.(March). Ritu is an accomplished business leader with experience in engineering, leadership and board governance.  Ritu has experience in sponsoring and strategic management of projects in Canada’s heavy industrial sector, specifically in mining and clean energy.  Ritu has a Bachelors and a Ph.D. in Engineering from the University of Saskatchewan and is a registered professional engineer in the provinces of Saskatchewan, Alberta, British Columbia, Manitoba and the NWT.  She was recognized as the Engineer of the Year by Saskatoon Engineering Society in 2020.  She was also awarded the YWCA Women of Distinction Award in 2022 and Queen Elizabeth II Platinum Jubilee Award in 2023 for her contributions to business in Saskatchewan.  She has served on the University of Saskatchewan’s Board of Governors since 2017 and chairs the Land and Facilities Committee.  She is also the Chair of the Board of the Saskatchewan Industrial & Mining Suppliers Association.