Mukesh Mehta
TaskUsAbout Mukesh Mehta
Mukesh Mehta (age 44) is an Independent Director of TaskUs (TaskUs, Inc.) and Senior Managing Director in Blackstone’s Private Equity Group. He has served on the TaskUs board since October 2018 and currently sits on the Compensation Committee; the board has affirmatively determined he is independent under Nasdaq rules despite his Blackstone role . He holds a Bachelor’s from the University of Mumbai, is a chartered accountant in India, and has a Master’s from Mumbai University .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Blackstone (Sponsor) | Senior Managing Director, Private Equity Group | Aug 2016–Present | Sponsor designee to TaskUs board under Stockholders Agreement |
| The Carlyle Group | Vice President, Private Equity | May 2006–Jul 2016 | Investing roles across sectors |
| Citigroup | Investment Banking Division | Jan 2004–May 2006 | Corporate finance experience |
| PricewaterhouseCoopers LLP | Assurance and Business Advisory Group | Prior to 2004 | Audit/assurance background |
External Roles
| Organization | Role | Public/Private | Notes |
|---|---|---|---|
| VFS Global | Director | Private | Interlock: TaskUs director Susir Kumar is Chair of VFS Global |
| Aadhar Housing Finance Limited | Director | Public (India) | Financial services exposure |
| Piramal Glass Ltd | Director | Private | Industrial/packaging exposure |
| International Gemological Institute (IGI) | Director | Private | Certification/labs exposure |
| rSystems | Director | Public (India) | IT/outsourcing exposure |
| Other current public company boards | None | — | Disclosed as none |
Board Governance
- Committee assignments (2025): Compensation Committee member; not a chair .
- Independence: The board determined Mehta is independent under Nasdaq rules, considering his Blackstone employment; seven of nine directors are independent .
- Attendance: In 2024, all incumbent directors except one (Mr. Dixit) attended at least 75% of board and applicable committee meetings, implying Mehta met the threshold . In 2023, each incumbent director attended at least 75% .
- Controlled company context: TaskUs is a “controlled company” with Blackstone and founders controlling ~97.5% of voting power as of Mar 1, 2025; Sponsor retains director designation and certain approval rights under the Stockholders Agreement .
Fixed Compensation
| Year | Cash Fees ($) | Committee/Chair Fees ($) | Total Cash ($) |
|---|---|---|---|
| 2024 | — | — | — |
| 2023 | — | — | — |
- Program reference: Standard non‑employee director retainer = $60,000 cash and $180,000 in RSUs annually (effective May 2024), plus committee/lead fees; Mehta, as a Blackstone designee, does not receive director compensation .
Performance Compensation
| Year | Equity Awards to Mehta ($) | Equity Type | Notes |
|---|---|---|---|
| 2024 | — | — | Mehta did not receive RSUs |
| 2023 | — | — | Mehta did not receive RSUs |
- Non‑employee director equity structure (context): Annual equity retainer granted in RSUs vesting by the next annual meeting; at‑initial election grant $250,000 in RSUs vests over three years; not applicable to Mehta per disclosure .
Other Directorships & Interlocks
| Counterparty | Interlock Type | Relevance |
|---|---|---|
| VFS Global | Shared board with TaskUs director Susir Kumar (Chair at VFS Global) | Potential information flow/network tie; not a compensation committee interlock |
| Blackstone Portfolio Companies | Commercial relationships with TaskUs | TaskUs paid $0.8m and recognized $9.3m revenue with Blackstone‑affiliated entities in 2024 |
Expertise & Qualifications
- Finance, capital markets, M&A, and global business development; chartered accountant (India) .
- Industry exposure spans financial services, technology/IT services, and diversified industrials via portfolio governance roles .
Equity Ownership
| Holder | Class A Shares | Class A % | Class B Shares | Class B % | Total Voting Power % |
|---|---|---|---|---|---|
| Mukesh Mehta | — | * | — | * | * |
| Blackstone Sponsor (BCP FC Aggregator L.P.) | — | * | 47,130,480 | 67.3% | 65.4% |
- Pledging/hedging: Company policy prohibits directors from hedging or pledging company stock; applies to all directors .
Governance Assessment
-
Strengths
- Independent status affirmed despite Sponsor affiliation; participates on Compensation Committee that is fully independent per Nasdaq/SEC rules .
- Attendance threshold met (≥75%) and engagement evidenced; all directors attended the prior annual meeting .
- No personal director fees or equity awards, reducing direct pay‑related conflicts for Mehta .
- Company prohibits director hedging/pledging, supporting alignment with shareholder interests .
- Compensation Committee utilizes an independent compensation consultant in program design .
-
Risks / RED FLAGS to monitor
- Controlled company governance: Sponsor and founders control voting; Sponsor has director designation and approval rights on key corporate actions .
- Related‑party exposure: Ongoing commercial dealings with Blackstone‑affiliated entities ($0.8m purchases; $9.3m revenue in 2024) and a standing approval framework for certain Sponsor‑related transactions .
- Ownership alignment: Mehta reports no personal beneficial ownership in TaskUs; alignment is primarily via Sponsor, not personal shareholdings .
- Network interlock: Shared service at VFS Global with fellow TaskUs director (Susir Kumar), which may create information flow interdependencies, though not a disclosed compensation interlock .
-
Committee context
- Compensation Committee membership includes Mehta; the board disclosed no compensation committee interlocks with TaskUs executives or reciprocal board ties at other issuers .
Notes:
- Board/committee meetings in 2024: Audit (8), Compensation (5), Nominating & ESG (4) .
- Sponsor designation: Mehta was designated to the TaskUs board by Blackstone under the Stockholders Agreement .