Rajesh Tripathi assumed charge as Chairman and Managing Director w.e.f. 02 February 2015 vide Ministry of Shipping, Department of Shipping letter dt. 04 December 2014 informing his appointment as Chairman and Managing Director of the Company for a period of five years w.e.f. the date of assumption of the charge of the post on or after 01 February 2015 or till the date of superannuation or until further orders whichever is earliest on permanent absorption basis.