K.V. Kamath was appointed as the Chief of New Development Bank of BRICS country. He has also served as the chairman of Infosys Ltd. and was non-executive chairman of ICICI Bank in the past. BRICS - Brazil, Russia, India, China, and South Africa. It was founded as BRIC in 2006 and later became BRICS when South Africa joined in 2010. The BRICS forum encourages commercial, political, and cultural cooperation between the BRICS members. Bilateral relations among member nations are conducted primarily on the basis of non-interference, equality, and mutual benefit. Nandan Nilekani co-founded Infosys and currently is its non-executive chairman since August 2017. Azim Premji is the chairman of Wipro Limited. Chanda Kochhar is the former MD and CEO of ICICI Bank.