The members of the Audit Committee of the board are:

• Lt. Gen. K.K. Hazari (Retd.) - Chairman
• Mr. R.C. Sharma
• Mr. V. Venkateswarlu (Ceased to be a Director w.e.f. April 25, 2009)
• Mr. Amal Ganguli (Inducted w.e.f. January 19, 2009)

The Audit Committee oversees the company's financial reporting process and disclosure of its financial information. It further reviews the accounting and financial policies and practices, internal control systems, quarterly and half yearly and annual financial results. It also recommends appointment of statutory and internal auditors and considers and discusses reports and observations made by them.