Susir Kumar
TaskUsAbout Susir Kumar
Independent director since 2019 (Class III), age 59. Former CEO (2000–2015) and Chairman (Sep 2015–Sep 2018) of Intelenet Global Services; prior senior leadership at HDFC Bank. Education: Bachelor’s (Mangalore University), Master’s (Mumbai University), and member of the Institute of Company Secretaries of India. Currently Chair of VFS Global and board member of Sportz Village; no current or recent public company directorships disclosed .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Intelenet Global Services | Chief Executive Officer | 2000–2015 | Built and led BPM platform; international workforce management |
| Intelenet Global Services | Chairman | Sep 2015–Sep 2018 | Oversight and strategy |
| Ingroup Consulting Services LLP | Managing Partner | May 2019–Jan 2023 | Transformation consulting |
| HDFC Bank (formerly HDFC Ltd.) | Senior leadership position | Not disclosed | Banking/operations experience |
External Roles
| Organization | Role | Status | Notes |
|---|---|---|---|
| VFS Global | Chair | Current | Blackstone-affiliated portfolio company; interlock potential with Blackstone-designated TASK directors |
| Sportz Village (formerly KOOH Sports) | Board Member | Current | Private company role |
| Other public company boards | — | None | — |
Board Governance
- Committee assignments: Member, Nominating and ESG Committee; not Audit or Compensation .
- Independence: Board affirmatively determined Susir Kumar is independent under Nasdaq rules (one of seven independent directors) .
- Attendance: Board met 5 times in 2024; each incumbent director other than Mr. Dixit attended ≥75% of board and committee meetings—implies Mr. Kumar met attendance threshold .
- Years of service: Director since 2019; current term expires at 2027 Annual Meeting (Class III) .
- Lead Independent Director: Not applicable (role held by Jill Greenthal since March 2023) .
- Executive sessions: Independent directors meet in executive session at least twice per year; included in each meeting agenda .
- Controlled company: TASK is a controlled company; Sponsor (Blackstone) and Co-Founders hold ~97.5% voting power; Stockholders Agreement provides Sponsor/Founders nomination and approval rights .
Fixed Compensation
| Component | Amount | Period/Notes |
|---|---|---|
| Annual Board Retainer (cash) | $60,000 | Increased from $50,000 in May 2024 |
| Nominating & ESG Committee Member Retainer (cash) | $5,000 | Annual member fee |
| Fees Earned or Paid in Cash | $60,941 | 2024 cash compensation |
| Meeting fees | Not disclosed | No per-meeting fees listed in policy |
Performance Compensation
| Component | Detail | Vesting | Amount/Units |
|---|---|---|---|
| Annual Equity Retainer (RSUs) | Granted in RSUs; value determined at grant | Vests at earlier of first anniversary or next annual meeting | $180,000 (policy level) |
| 2024 Stock Awards (RSUs) | Grant date fair value (ASC 718) | Per award agreement | $205,664 (2024) |
| Unvested RSUs (as of 12/31/2024) | Granted May 23, 2024 | Vest May 22, 2025 | 14,342 units |
| Performance metrics tied to director equity | None | Time-based vesting only | Not applicable |
RSU vesting for directors is time-based; no performance-conditioned director awards are disclosed .
Other Directorships & Interlocks
| Entity | Role | Type | Interlock/Conflict Considerations |
|---|---|---|---|
| VFS Global | Chair | Private | Blackstone-affiliated; TASK directors Amit Dixit and Mukesh Mehta are Blackstone designees, and Mr. Mehta is also a VFS Global board member—creates network interlock with Sponsor influence |
| Sportz Village | Board Member | Private | No related-party transactions disclosed with TASK |
Expertise & Qualifications
| Category | Evidence |
|---|---|
| Senior leadership | CEO/Chair roles at Intelenet; consulting leadership |
| Public company board experience | Matrix indicates experience |
| Global business experience | Matrix indicates global experience |
| Industry expertise (BPM) | Biography highlights BPM leadership |
| Information Technology / AI / Cybersecurity oversight | Matrix shows competency |
| Education & credentials | Bachelor’s, Master’s, Institute of Company Secretaries of India |
Equity Ownership
| Metric | Value |
|---|---|
| Class A shares beneficially owned | 20,206 |
| Class B shares beneficially owned | None (less than 1%) |
| Ownership as % of outstanding | <1% (as indicated by “*”) |
| Unvested RSUs (as of 12/31/2024) | 14,342 (May 23, 2024 grant; vest May 22, 2025) |
| Pledging/Hedging | Company policy prohibits hedging and pledging by directors and employees |
Governance Assessment
- Alignment and engagement: Independent director with committee service on Nominating & ESG; met attendance threshold; equity retainer aligns director interests via stock-based pay; 2024 compensation mix was equity-heavy ($205,664 stock awards vs $60,941 cash), supporting alignment .
- Committee effectiveness: Nominating & ESG responsibilities include director selection, governance guidelines, board/management evaluations, and ESG oversight—relevant to Mr. Kumar’s expertise in global BPM and technology oversight .
- Potential conflicts/interlocks: TASK is a controlled company with Sponsor rights; Mr. Kumar chairs VFS Global, a Blackstone-affiliated company, while Blackstone-designated directors sit on TASK’s board and on VFS Global—an interlock that warrants monitoring of independence in nominations and ESG decisions; related-party transactions with Sponsor affiliates totaled $0.8m payments and $9.3m revenue in 2024, though none specific to Mr. Kumar were disclosed .
- Risk controls: Prohibitions on pledging/hedging mitigate alignment risk; executive sessions and annual self-assessments bolster board oversight culture; lead independent director framework provides added balance to combined Chair/CEO structure .
RED FLAGS
- Controlled company status with concentrated voting power (97.5% combined voting power) and Sponsor/Founders approval rights—heightened governance risk, including director nomination and strategic approvals .
- Interlocks with Blackstone via VFS Global (Mr. Kumar as Chair; Mr. Mehta as board member) alongside Blackstone designees on TASK’s board; potential for perceived influence across governance and ESG matters—requires robust committee independence and disclosure .
- Related-party transactions with Sponsor affiliates, though not material company-wide, merit oversight by Audit Committee to ensure arm’s-length terms and aggregate limits .