ECube, founded by a team with deep corporate and operating experience, is an Environment, Social and Governance (ESG) focused platform. ECube's Stewardship Services support investors and companies in their ESG journeys, helping develop business relevant ESG strategies and their deployment.
ECube is also developing distinct channels to accelerate the growth of ESG and Climate Change related investments in India, with innovative solutions for debt and equity.
Members of




“Engage and
Empower for ESG”
- the 3 Es have yielded ECube, our name, and summarize our Vision.

Our Mission is to
Transform the climate and ESG landscape in India.



The colors in our logo represent what we stand for







The logo represents our firm’s rootedness in seeking inclusive and rapid growth in our drive towards profit with purpose, underlined by the core values of trust and integrity.
ECube Team
With 200 plus years of collective experience, the ECube team of industry veterans has deep senior level corporate and operating experience, and experience in engaging with boards and senior management.
With backgrounds in Sustainability, ESG ratings, Governance, Climate Change, Finance and Business, the team has the diversity of essential experience in areas that are relevant to business-centric ESG solutions. Members of the ECube team are also involved in ESG policy making at the highest levels.
For our clients, this translates into a combination of benefits

A deep understanding of the strategic value of ESG, and a holistic understanding of business opportunities and risks, translating into a business-oriented approach to ESG.

The wisdom and business judgment for financially meaningful, practical, and implementable ESG recommendations.

Knowledge and thought leadership.


Dr. Kiran Karnik

Anjuly Chib Duggal
Co-Founder, ECube. First Brand Custodian of the Tata Group. Till 2018, Chief Ethics Officer and Chairman, Tata Global Sustainability Council. Earlier, led private equity at Tata Capital.
ESG Stewardship
ESG Stewardship is an approach to establishing leadership and a management mindset, to help drive sustainable businesses. ESG Stewardship at ECube is rooted in a strategic, business-centric approach, to enhance ESG performance and capabilities of companies, and provide practical solutions to help advance their ESG agenda.
Key pillars of the ECube Stewardship Services Approach
Business-oriented ESG assessment framework
Covering revenue and brand enhancement, cost and capital optimization, and risk mitigation.
Outside-in holistic 360 degree assessment
Including ground-up analysis, engaging with multiple stakeholders, board members, suppliers, customers, trade partners and ex-employees.
Beyond compliance customizable model of ESG guidance
Integrating ESG into business strategy for long term sustainable returns, and communicating a strong value proposition to all stakeholders, including investors.
If you'd like to know more about our process and our proprietary ESG (& disclosure) assessment frameworks, contact us.
Knowledge Center
Net Zero: The consumer angle
As the world tackles the threat of climate change and moves towards a net zero future, the critical role that consumers will play is becoming evident. As sustainable products emerge, consumers can accelerate the transition to Net Zero. Dr Mukund Rajan and Shail Vani have co-authored an article on the consumer angle in the transition to Net Zero.
Towards a Purpose-based Sustainability Disclosures regime*
This millennium has seen a rash of sustainability disclosure frameworks like never before, much to the consternation of companies who are expected to report on! A few mandatory ones have emerged such as the EU’s Non-Financial Reporting Directive mandatory, while India’s Business Responsibility and Sustainability Report (BRSR) mandated for the top 1000 listed companies in India is an interesting example from the emerging economies.
Outlast- How ESG can Benefit Your Business
Usually, blame for business failures is apportioned to external factors such as adverse business cycles, badly framed government regulations and lack of infrastructure. Often the causes lie within: from short term thinking to destruction of natural resources, and exploitation of labour. To outlast competition, build resilience, gain competitive advantage and achieve greater returns in the long run, businesses must improve their performance on material ESG metrics. Outlast: How ESG Can Benefit Your Business, co-authored by Dr Mukund Rajan is a clarion call to corporate leaders to follow the pathway of ESG.
Co-Founder, ECube. First Brand Custodian of the Tata Group. Till 2018, Chief Ethics Officer and Chairman, Tata Global Sustainability Council. Earlier, led private equity at Tata Capital.
Co-Founder, ECube. Deep Indian and international management experience over 35 years. Non-Executive Director of a number of public and private companies in India, Europe and the US.
Co-Founder, ECube. Founding COO and CFO of Tata Capital. Served on letious Tata boards, and as Chief Operating Officer, Retail Business and Housing Finance at Tata Capital.
Until recently Partner, India Leadership Team at Grant Thornton. Over 31 years of experience in corporate finance and consulting.
Served till May 2019 as the India Country Manager of MSCI, an NYSE listed global firm which assists institutional investors across the world with tools and analysis.
Chairman of Oxfam India. Till 2017, Chief, Tata Sustainability Group. Spent over a decade advising companies on mainstreaming sustainability into their core business.
Till recently President (Foods) at Tata Consumer. Over 30 years consumer goods experience in strategy, marketing & operations. Served on Tata Unistore & Tata NourishCo boards
Ms Duggal was part of the Indian Administrative Service from 1981-2017. She served in letious ministries and departments of the Government of India including as the senior-most civil servant in the central Ministries of Corporate Affairs and Financial Services.
Kiran Karnik’s career has combined roles in government, business and civil society. He is currently Chair of HelpAge India and Indraprastha Institute of Information Technology. He was earlier on the Board of the Reserve Bank of India, the Prime Minister’s Scientific Advisory Council and the National Innovation Council.
Prof. Robins is Professor in Practice for Sustainable Finance at the Grantham Research Institute at the LSE. He is working on the transformations needed in both financial practice and financial policy to deliver the Paris Agreement and the Sustainable Development Goals. He was Special Adviser on Sustainable Finance for UN Environment (UNEP), from 2014 to 2018.
Sir Suma Chakrabarti was the sixth President of the European Bank for Reconstruction and Development (EBRD). Sir Suma served two terms as President, having been elected to the post by the EBRD’s Board of Governors in 2012 and again in 2016. He currently serves as the Chairman of the Overseas Development Institute.
Contact us
Address
91 Springboard Business Hub Pvt. Ltd.
1st Floor & 2nd Floor, Kagalwala House, Plot No. 175, Behind Metro House CST Road, Kalina, Bandra Kurla Complex, Santacruz East, Mumbai- 400098
Govind Sankaranarayanan:
govind.s@ecubeindia.inHarish H V:
hvharish@ecubeindia.inRicha Arora:
richa.arora@ecubeindia.in