PI 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 17.21% increase in consolidated net profit, reaching Rs 448.8 crore for Q1 FY25, compared to the previous year. Revenue also saw an 8.3% rise, totaling Rs 2,068.9 crore for the same period.

Following the announcement, PI Industries' stock experienced a slight decline of 0.42%, trading at Rs 4,403.85 on August 26, 2024.