
Rajarangamani
IAS 1976, Tamil Nadu cadre (retired Secretary, Department of Economic Affairs)
PESB exit April 2016 (day not confirmed) to Vedanta board 5 Feb 2025: about 8 years 10 months. From the June 2012 FIPB decision / DEA exit (31 Jul 2012): 4,572 days.. Then Vedanta Ltd.
The cooling-off rule
The rule: AIS (DCRB) Rules 1958, rule 26 (one year from IAS retirement, July 2012). No cooling-off rule for PESB members found.
Far outside any cooling-off period. The record is a timeline only.
Before and after
Documented
Member, Public Enterprises Selection Board (PESB); earlier Secretary, Department of Economic Affairs (to 31 Jul 2012), which chaired the FIPB
Interval not dated.
Documented
Vedanta Ltd
Non-Executive Independent Director, first term of two years
Mr. R. Gopalan (DIN: 01624555) was appointed as Non-Executive Independent Director of the Company for a first term of two (02) years w.e.f. 05 February 2025.
What the office had to do with the company
Recommended, and the Government approved, a proposal by Vedanta group company Sesa Goa Ltd for transfer of shares by way of share swap (no fund inflow), part of the Sesa Goa-Sterlite consolidation period.
- When
- 1 Jun 2012
- Role
- Foreign Investment Promotion Board (chaired by R. Gopalan, Secretary, DEA); Government approval announced 26 Jun 2012
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on June 1, 2012, Government has approved 08 Proposals of Foreign Direct Investment
PIB / DEA, Jun 2012 M/s Sesa Goa Limited, Goa Transfer of shares by way of share swap to carry out the business of exploring, mining, winning, importing, and exporting of earth and ores of all types.
PIB / DEA, Jun 2012 However, a proposal from Vedanta Group company Sesa Goa was approved by the Foreign Investment Promotion Board (FIPB), the nodal agency for clearing applications for foreign direct investment (FDI) into the country.
Business Standard / PTI, Jun 2012 The FIPB, headed by Economic Affairs Secretary R Gopalan, approved eight FDI proposals worth Rs 100 crore in its last meeting earlier this month
Business Standard / PTI, Jun 2012
Which Sesa Goa scheme the share swap served (the Ekaterina/Mauritius-Cyprus leg of the Sesa-Sterlite merger is likely) is not stated in the PIB note; the FIPB Review lists the countries as Mauritius and Cyprus. The Cairn India-Vedanta deal (2011) was cleared by the CCEA, not the FIPB; no role for him is documented there.
What was said
None found; none sought.
Sources
- indianmandarins.com
- fifp.gov.in
- vedantalimited.com
- boardstewardship.com
- dea.gov.in
- business-standard.com
- staffnews.in
Dates and filings placed side by side; being listed is not a finding of wrongdoing. Sources were opened on Oct 2026.
Photo: Press Information Bureau / Ministry of Commerce & Industry, Government of India, via Wikimedia Commons, GODL-India