pozzolana cement | Penna Cement

About Us

Penna Cement is one of the largest privately held cement companies in India, with an installed cement capacity of 10 Million Tonnes Per Annum.

Founded in 1991, Penna Cement has established itself as one of the most trusted cement brands, with significant footprints in southern and western India. Our clientele ranges from small house owners to organised real estate developers and from various state governments to global construction majors.

Over the last two decades, we have grown organically by developing in-house expertise and capabilities, across the entire value chain in the cement industry. All our cement plants are equipped with state-of-the-art technology, enabling the company to deliver the superior quality products.

Building Quality Relationships

At Penna Cement, we believe that the long-term success of the company is not only closely linked to building long-term relationships with its customers but also dependent on successful relationships with all its stakeholders.

We listen to our customers to deliver the solutions that work for them. We treat our vendors as our partners. We train our employees to do business with integrity and a lot of humility. We contribute to our local communities by providing them with quality healthcare, education and infrastructure. We minimise our impact on the environment by doing what’s right, not what’s easy. We believe in ‘Building Quality Relationships’.

Leadership

Chairman & Managing Director

Mr. P Prathap Reddy is the Chairman and Managing Director of our Company. He holds a bachelor’s degree in Arts (History) from Pachaiyappa’s College, Chennai. He is responsible for managing the end to end business of our Company. He has more than 27 years of experience in the field of cement, power, construction, alumina, logistics, shipping and hospitality business. He has been a Director of our Company since incorporation.

Executive Directors

Mr. B Vikram Reddy is the Executive Director of our Company. He holds a bachelor’s degree in Commerce from Loyola College, Chennai. He also holds a Master’s degree in Business Administration from the University of Chicago Booth School of Business, USA. He has more than nine years of experience in the field of cement industry and hydropower projects. He is responsible for the execution of Company’s expansion projects. He has been a Director of our Company since June 28, 2010.

Mr. Lakshmi Kantham Dabbara is the Executive Director of our Company. He holds a provisional bachelor’s degree in Science from Sri Venkateswara University. He is responsible for the operations of all the plants of our Company including procurement of raw materials, commercial production and manufacturing operations. He has more than 32 years of experience in the field of cement business. He has been a Director of our Company since July 8, 1992.

Non-Executive Directors

Mrs. P. Deepthi Reddy is the Non-Executive Director of our Company. She holds a Bachelor’s degree in Business Administration from The University of Wales, Cardiff. She is a member of the Nomination and Remuneration Committee and is responsible for the formulation of policies. She has more than nine years of experience in the field of business administration and power projects. She has been a Director of our Company since August 20, 2014.

Mr. P. Venugopal Reddy is the Non-Executive Director of our Company. He is a Higher Secondary pass from St. Joseph High School, Mariyapuram. He is the member of the Nomination and Remuneration Committee of the Company and is responsible for the formulation of criteria for the evaluation of independent directors and the Board, policies on Board diversity . He is currently the Managing Director of Pioneer Builders Limited and has more than 14 years of experience in the field of Construction and Infrastructure. He has been a Director of our Company since September 29, 2001.

Independent Directors

Mr. Yeratapalli Santosh Kumar Reddy is an Independent Director of our Company. He holds a bachelor’s degree in Mechanical Engineering from the University of Mysore. He has previously worked with Rain CII Carbon Vizag Limited and has more than 23 years of experience in the field of industrial chemical production and supply. He has been a Director of our Company since September 27, 2007.

Mr. P. Pradeep Kumar is the Independent Director of our Company. He holds a master’s degree in Science from the University of Madras and is a certified associate of the Indian Institute of Bankers. He is a part of the Nomination and Remuneration Committee and is responsible for reviewing and approving the compensation strategy from time to time and to identify persons who are qualified to become directors or who may be appointed in the senior management under the criteria laid down. He has previously worked with the State Bank of India for a period of over 39 years. He has been a Director of our Company since May 18, 2018.

Mr. Kancherla Ravindranath is the Independent Director of our Company. He holds a master’s degree in Surgery from the University of Madras. He is a member of the IPO Committee and is responsible for the establishment of the framework for the company’s risk management process and ensure its interpretation, enable compliance with appropriate regulations. He has been a Director of our Company since June 14, 2018.

Mr. Anil Kumar K is the Independent Director of our Company. He holds a master’s degree in Science from the University of Delhi. He is the Chairman of the Nomination and Remuneration Committee of the Company and is responsible for reviewing and approving the compensation strategy of the Company from time to time and to identify persons who are qualified to become directors or who may be appointed in the senior management under the criteria laid down. He has been a Director of our Company since May 18, 2018

Mr. Mocherla Sairam is the Independent Director of our Company. He holds a bachelor’s degree in Commerce from Osmania University. He is also a Member of the Institute of Chartered Accountants of India. He is a member of the Audit Committee of the Company and is responsible for the functions of the Audit Committee, such as evaluation of inter financial controls and risk management systems, approving or modifying transactions of the Company with the related parties. He has more than 22 years of experience in the field of corporate finance, mergers and acquisitions, private equity, business transformation & restructuring, public-private partnerships and infrastructure development. He has been a Director of our Company since May 18, 2018.

Key Management Personnel

Krishna Srivastava is the Director (Marketing) of our Company. He was appointed to this post with effect from September 4, 2017. He holds a Bachelor’s degree in Engineering from Birla Institute of Technology and Science, Pilani. He has participated in Executive Development Programme on General Management conducted by Indian Institute of Management, Calcutta and the Middle Management Course of 3-Tier Programme for Management Development conducted by the Indian Institute of Management, Ahmedabad. He has also participated in the Innovative Strategies for Dynamic Economy programme, conducted by the Stanford Graduate School of Business. Prior to joining our Company he was a whole time director with Zuari Cement Limited. He has been awarded the 50 most talented CMO’s by the CMO council in 2012. He has won numerous awards including the Brand Slam Leadership award and Concrete Leadership Award. He won the International Leadership Innovation Excellence award and Udyog Rattan award, conferred by Institute of Economic Studies.

Petluru Venugopal Reddy is the Director (Finance) of our Company. He was appointed to this post with effect from March 22, 2006. He holds a Bachelor’s degree in Commerce from Sri Venkateshwara University. He is also an Associate of the Institute of Chartered Accountants of India. Prior to joining our Company he was working with C. Ramachandram & Co. Chartered Accountants as a Partner.

Sanjeev Kumar Aggarwal is the Chief Financial Officer of our Company. He was appointed as the Chief Financial Officer of the Company on 19th Dec 2017. He is a Fellow member of the Institute of Chartered Accountants of India and had achieved 33rd rank in the final examinations held by the Institute of Chartered Accountants of India in 1990. He holds a Bachelor’s degree in Commerce from the University of Delhi. Prior to joining our Company he was worked as Group Chief Financial Officer with Jindal Poly Films, as Head – Corporate Finance with ACME Tele Power Limited and as the President and Chief Finance Officer of Indo Rama Synthetics (India) Limited. Sanjeev Kumar Aggarwal has also received the award of the Most Influential CFOs of India award from the Chartered Institute of Management Accountants in 2016.

Raj Kumar Singh is the Company Secretary of our Company. He was appointed to this post with effect from September 7, 2011. He is also an Associate of the Institute of Company Secretaries of India. Prior to joining our Company he was working as a Company Secretary in Moschip Semiconductor Technology, Parasakti Cement Industries Limited and Indu Spin Industries limited.

G.M. Krishna is the President (Operations) of our Company. He was appointed to this post with effect from December 28, 2017. He holds a Diploma of Licentiate in Mechanical Engineering from M.B.T.S Guntur, State Board of Technical Education and Training, Guntur. Prior to joining our Company he was working as Vice President (Operations) with Bharati Cement, as Head – Construction with FL Smidth Minerals Private Limited, as Chief General Manager with Cement Manufacturers Company Limited and as an Executive President with UltraTech Cement Limited.

Vision, Mission & Values

Vision: To create sustainable value & growth for all stakeholders
Mission: To create energized, competitive, innovative and a winning environment for all stakeholders
Values: Focus on Customer | Act with Integrity | Nurture Employees | Pursue Excellence | Care for Safety | Care for Community

Key Milestones