Risk Management Committee
The Risk Management Committee assists the Board in identifying, assessing, monitoring, and mitigating key business risks that may impact the Company’s operations, financial performance, and strategic objectives. The Committee oversees the implementation of an effective risk management framework, promotes a proactive risk-aware culture, and ensures that appropriate measures are in place to safeguard the Company’s long-term sustainability and growth.
Composition of the Risk Management Committee
Mr. Alok Kumar
Chairperson
(Chairman)
Mr. Shashank Agarwal
Managing Director
(Member)
Mr. Mukesh Garg
Independent Director
(Member)
Mr. Alok Kumar
Chairperson
Mr. Alok Kumar, is a Promoter and Chairperson of your Company.
Mr. Alok Kumar is a highly accomplished entrepreneur and industry veteran with a Degree of Bachelor of Science from Punjab University, Chandigarh. With over four decades of experience in the iron and steel sector, he has built a distinguished career spanning trading, manufacturing, and large-scale fabrication.
He began his professional journey as the Managing Partner of Gupta Traders, where he gained deep insights into the dynamics of iron and steel trading and established a reputation for integrity and business acumen. In 1989, he diversified into manufacturing by setting up two C.I. casting foundry units, Capital Founders and Capital Udyog. These ventures not only expanded his expertise in production and fabrication but also demonstrated his ability to scale operations and adapt to evolving industry demands.
Mr. Alok Kumar’s entrepreneurial vision reached new heights when he co-founded Salasar Techno Engineering Limited. Under his guidance, the company grew from a steel fabrication enterprise into a fully integrated provider of engineering, procurement, and construction (EPC) solutions. His leadership has been pivotal in driving innovation, strengthening operational efficiency, and positioning Salasar Techno Engineering as a trusted partner in infrastructure development.
Throughout his career, Mr. Alok Kumar has consistently demonstrated foresight, resilience, and a commitment to excellence. His contributions have not only advanced the businesses he has led but also enriched the broader iron and steel industry. Today, he is recognized as a respected figure whose legacy is defined by entrepreneurship, industry advancement, and the creation of sustainable growth pathways for future generations.
Mr. Shashank Agarwal
Managing Director
Mr. Shashank Agarwal, a Promoter and Whole Time Director of your Company.
Mr. Shashank Agarwal is an accomplished industrialist with a Bachelor of Engineering (Mechanical) degree from the prestigious Manipal Institute of Technology. He began his career as a Graduate Engineer Trainee at Larsen & Toubro, where he gained valuable exposure to large-scale engineering projects and honed his technical and managerial skills.
In 1991, he joined his family’s sugar manufacturing business, where he played a key role in modernizing operations and strengthening the company’s position in a competitive sector. His entrepreneurial drive led him to diversify into the iron and steel industry in 2003 with Saini Alloys Private Limited, marking the beginning of his long-standing association with steel manufacturing and fabrication.
In 2006, Mr. Agarwal co-founded Salasar Techno Engineering Limited, and under his leadership, the company has grown from a steel fabrication enterprise into a fully integrated EPC solutions provider. He played a pivotal role in building Salasar from the ground up alongside the other directors, combining sharp marketing insight with unwavering determination to ensure value creation for all stakeholders. His strategic foresight was instrumental in successfully steering the company’s IPO in 2017, a milestone that underscored Salasar’s credibility and growth trajectory.
Today, Mr. Agarwal is recognized as a dynamic leader whose career reflects resilience, innovation, and a commitment to excellence. His contributions have not only shaped Salasar’s success but also strengthened the broader iron and steel industry, leaving a lasting legacy of entrepreneurship and industrial advancement.
Mr. Shalabh Agarwal
Whole Time Director
Mr. Shalabh Agarwal, a Promoter and Whole Time Director of your Company.
Mr. Shalabh Agarwal is a seasoned industrialist with a Bachelor of Technology degree from MIT, Manipal University. He began his career in 1991 by joining his family’s sugar manufacturing business, where he gained valuable experience in managing operations and navigating the complexities of a competitive sector. In 2003, he transitioned into the iron and steel industry with Saini Alloys Private Limited, a company engaged in the manufacturing and trading of stainless-steel castings. This move marked the beginning of his long-standing association with steel manufacturing and fabrication.
With more than 28 years of experience in trading, manufacturing, and fabrication of iron and steel, Mr. Agarwal has developed deep expertise across the value chain. Since co-founding Salasar Techno Engineering Limited, he has played a critical role in driving innovation, technological advancement, and process improvements across the company’s operations. His leadership extends to overseeing Salasar’s dynamic power vertical, ensuring its effective management and sustained growth, while also embedding end-to-end product cycle management—from raw material sourcing and supplier integration to production planning, fabrication, assembly, and logistics. He has introduced lean manufacturing practices, advanced CNC technologies, and digital monitoring systems to enhance efficiency, precision, and scalability, alongside strict quality assurance protocols to ensure compliance
Known for his forward-looking approach and commitment to excellence, Mr. Agarwal has consistently championed innovation and efficiency. His contributions have strengthened Salasar’s reputation for reliability and technological leadership, making him a respected figure in the iron and steel industry and a key driver of the company’s success.
Mr. Mukesh Garg
Independent Director
Mr. Mukesh Garg, is a Non-Executive Independent Director of your Company.
Mr. Mukesh Garg completed his M. Tech in Structural Engineering from IIT Delhi before joining the Indian Railways as an IRSE officer in July 1984. Over a distinguished career spanning decade, he held several key positions across Northern and North Central Railways, where he contributed to major construction projects and the maintenance of critical infrastructure including tracks, bridges, and buildings.
He brings extensive expertise in project planning, tendering, and contract management, having overseen works worth several thousand crores. His leadership ensured the successful execution of both maintenance and largescale construction projects, strengthening the operational backbone of the railways.
In addition, Mr. Garg has significant experience in contract management and arbitration, with a proven track record of successfully contesting numerous cases. His career reflects a strong foundation in engineering excellence, governance, and project execution, making him a highly respected professional in the railway and infrastructure domain.
