Grasim Industries appoints Pavan Jain as new CFO

The Aditya Birla group agency introduced the appointment of Pavan Jain as its subsequent chief monetary officer with impact from 15 August 2022.The board of Grasim Industries on Thursday (16 June 2022) primarily based on the advice of the nomination and remuneration committee and audit committee, have accredited the appointment of Pavan Jain as the following chief monetary officer (CFO) and key managerial personnel of the corporate with impact from fifteenth August 2022.

Jain’s appointment comes within the wake of Ashish Adukia’s plan to pursue profession alternatives exterior the Aditya Birla Group. He can be relieved from his present tasks as chief monetary officer of the corporate with impact from 14th August 2022.

Pavan Jain is a Fellow Member of the Institute of Chartered Accountants of India and an Affiliate Member of the Institute of Firm Secretaries of India. He has undergone Govt Growth Program of The Wharton College, College of Pennsylvania, USA.

Jain has been with the Aditya Birla Group since 1991. Presently he’s the Senior President, Grasim Industries and has a stellar profession observe file spanning over three a long time in
the Group in several stints with Birla White, Gray Cement and Grasim.

Grasim Industries is a number one diversified participant with management presence throughout many sectors. It’s a main world producer of viscose staple fibre, the biggest chlor-alkali, linen and insulators participant in India. By means of its subsidiaries, UltraTech Cement and Aditya Birla Capital, it is usually India’s largest cement producer and a number one diversified monetary providers participant. Grasim has additionally introduced foray in ornamental paints enterprise.

The corporate’s consolidated web revenue rose 61.89% to Rs 2,777.15 crore on 18.07% rise in web gross sales to Rs 28,811.39 crore in This autumn March 2022 over This autumn March 2021.

Shares of Grasim Industries fell 3.55% to Rs 1284.60 on Thursday.

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