| | SEPTEMBER 20248PI Industries has announced the appointment of Sanjay Agarwal as the Group Chief Financial Officer (CFO) effective August 26, 2024. This move follows the retirement of Manikantan Vishwanathan, the former CFO. Agarwal brings a wealth of experience to the role, having graduated from Harvard Business School and Wharton Business School. He is also a rank holder Chartered Accountant and Cost Accountant, with over 25 years of expertise in corporate finance, investment banking, and the consumer goods sector.Agarwal's most recent position was as the Chief Financial Officer at Jyothy Labs Limited, a prominent FMCG company, where his extensive financial knowledge and strategic insights significantly contributed to the organization's value creation.PI Industries, a key player in India's agricultural inputs and custom synthesis manufacturing (CSM) sectors, is known for its involvement in agrochemicals and plant nutrients. The company recently reported a 17.21percent increase in consolidated net profit, reaching Rs 448.8 crore for Q1 FY25, compared to the previous year. Revenue also saw an 8.3 percent rise, totaling Rs 2,068.9 crore for the same period.Following the announcement, PI Industries' stock experienced a slight decline of 0.42 percent, trading at Rs 4,403.85 on August 26, 2024. Paytm Money, a wholly-owned subsidiary of One 97 Communications, has appointed Narasinganallore Venkatesh Srinivasan as a non-executive independent director to its board. The company announced the appointment today in an official statement.Srinivasan brings extensive experience from his previous role as the Chief Executive Officer of the Association of Mutual Funds in India (AMFI). Before joining AMFI, he served as Chief Financial Officer and Executive Director at Lakshmi Vilas Bank and held key leadership roles at IDBI Bank for nearly two decades.This strategic appointment is part of Paytm Money's ongoing efforts to strengthen its governance and compliance framework. The move follows a series of similar initiatives by the company's parent entity, One 97 Communications, including the recent nomination of Indian Revenue Service officer Rajeev Agarwal to its board.Rakesh Singh, CEO and Whole-Time Director of Paytm Money, emphasized the significance of Srinivasan's appointment, noting, "We have built a strong consumer-centric platform over the past few years, with governance at the forefront of our efforts. Srinivasan's deep understanding of regulations and financial markets will further enhance our commitment to these principles".Srinivasan joins an already robust board that includes Cyrus Khambata, an independent non-executive director who has held various leadership positions at the Central Depository Services (India) Ltd (CDSL).The appointment reflects Paytm Money's focus on bolstering its board with seasoned industry veterans as it continues to scale its operations and ensure regulatory compliance in India's evolving financial landscape. PI INDUSTRIES APPOINTS SANJAY AGARWAL AS GROUP CFOPAYTM MONEY APPOINTS FORMER AMFI CEO NV SRINIVASAN AS INDEPENDENT DIRECTORIN FOCUSIN FOCUS
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