Ravi Kumar
Director at TRU
Board
About Ravi Kumar
Ravi Kumar (Singisetti), age 53, has served as an independent director of TransUnion since July 2022. He is CEO and a director of Cognizant Technology Solutions (Nasdaq: CTSH) since January 2023, with prior senior leadership at Infosys from 2002–2022. He holds a bachelor’s degree in engineering from Shivaji University and an MBA from Xavier Institute of Management, India. At TransUnion, he currently serves on the Compensation Committee and, effective January 14, 2025, on the Technology Committee; he previously served on the Mergers, Acquisitions and Integration Committee until January 14, 2025 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Infosys | President; earlier EVP/Global Head roles across Insurance, Healthcare, Cards & Payments; SVP & Global Head of Consulting & Systems Integration | 2002–2022 | Led Infosys Global Services Organization; technology transformation leadership |
| Digimarc Corporation (Nasdaq: DMRC) | Director | 2021–2023 | Board service; technology industry oversight |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Cognizant Technology Solutions (Nasdaq: CTSH) | CEO and Director | Jan 2023–present | Executive leadership; public board service |
| New York Academy of Sciences | Board of Governors | Ongoing | Scientific community governance |
| U.S. Chamber of Commerce | Board of Directors | Ongoing | Business policy and governance |
Board Governance
- Independence: The Board affirmatively determined Ravi Kumar is independent under NYSE standards, with no material relationship with TransUnion .
- Committee assignments: Member, Compensation Committee (6 meetings in 2024); appointed member, Technology Committee effective January 14, 2025 (Technology Committee held 4 meetings in 2024); prior member, Mergers, Acquisitions and Integration Committee until January 14, 2025 .
- Attendance: In 2024, each director attended at least 75% of Board and applicable committee meetings; the Board met five times, and all directors attended the 2024 Annual Meeting .
- Executive sessions: Non-management directors meet regularly in executive sessions, presided over by Board Chair Pamela A. Joseph .
- Compensation Committee interlocks: During 2024, the Compensation Committee members (Fradin, Joseph, Bosworth, Kumar) had no compensation committee interlocks with other entities; no executive officer of TransUnion served on a compensation committee or board of an entity where these Committee members are executive officers .
Fixed Compensation
| Component | 2024 Director Program | Notes |
|---|---|---|
| Board annual retainer ($) | 95,000 | Paid quarterly |
| Committee Chair fees ($) | 20,000–30,000 | Tech/Risk/NCG/M&A: $20k; Compensation: $25k; Audit: $30k |
| Committee member fee ($) | 10,000 | Per committee, paid quarterly |
| Equity grant (grant-date value, $) | 190,000 | Restricted stock, vests in 1 year |
| Ravi Kumar — 2024 Non-Employee Director Compensation | Amount ($) |
|---|---|
| Fees earned in cash | 115,000 |
| Stock awards (grant-date fair value) | 189,937 |
| Total | 304,937 |
Performance Compensation
| Equity Award Detail (2024) | Grant Date | Shares Granted | Grant-Date Fair Value ($) | Vesting | Instrument |
|---|---|---|---|---|---|
| Annual director grant | May 2, 2024 | 2,543 | 189,937 | One-year anniversary of grant date | Restricted stock (with dividend rights) |
| Performance Metrics Tied to Director Compensation | Status |
|---|---|
| Financial/operational performance metrics (e.g., revenue growth, EBITDA, TSR) | None disclosed for non-employee directors; annual equity grant is time-based |
Other Directorships & Interlocks
| Company | Role | Committee Roles | Potential Interlock/Conflict |
|---|---|---|---|
| Cognizant Technology Solutions (Nasdaq: CTSH) | CEO and Director | Not disclosed in TRU proxy | Board reviewed independence; no interlock issues identified in Compensation Committee disclosures |
| Digimarc Corporation (Nasdaq: DMRC) | Former Director (2021–2023) | Not disclosed | Historical; no interlocks disclosed |
| U.S. Chamber of Commerce | Director | Not disclosed | External policy organization; independence affirmed by TRU Board |
| New York Academy of Sciences | Board of Governors | Not disclosed | Non-profit governance; independence affirmed |
Expertise & Qualifications
- Technical leadership across global IT services and large-scale technology transformations; data expertise and oversight of technology transformation processes .
- Public company CEO experience and board service, adding strategic and operational insights to TransUnion’s technology and product oversight .
- Formal education in engineering and business (MBA), aligning with Technology Committee remit .
Equity Ownership
| Holder | Shares Beneficially Owned | % Outstanding | Shares Outstanding (reference) | Notes |
|---|---|---|---|---|
| Ravi Kumar Singisetti | 7,565 | <1% | 195,140,439 (as of Mar 10, 2025) | Beneficial ownership per SEC rules |
| Unvested restricted stock (as of Dec 31, 2024) | 2,543 | — | — | 2024 grant; forfeiture footnote applies only to Bosworth |
| Director stock ownership guideline | 5× annual retainer | — | — | Must retain 75% of after-tax shares until met |
| Guideline compliance (as of Dec 31, 2024) | Not yet met | — | — | Applicable to directors appointed in 2022 (Dia, Gottdiener, Kumar) |
Governance Assessment
- Strengths: Independent director with deep technology transformation experience; active on Compensation Committee overseeing executive and director pay with independent consultant FW Cook; added to Technology Committee to align tech/product/data oversight with strategy .
- Engagement: Board-level attendance at least 75% in 2024, full Board attendance at Annual Meeting; regular executive sessions support independent oversight .
- Alignment: Annual equity grant with one-year vesting and director stock ownership guidelines reinforce alignment; Section 16 filings timely in 2024; no pledging or hedging permitted under governance policy .
- Conflicts: Compensation Committee interlocks explicitly negated; Board independence review considered external roles and found independence; Related person transaction policy provides Audit Committee oversight and arm’s-length safeguards .
- RED FLAGS: Not yet in compliance with the 5× retainer stock ownership guideline as of Dec 31, 2024 due to 2022 appointment timing; monitor progress to full compliance and continued Technology Committee contributions post-appointment .