Aditya Birla appoints Sushil Agarwal as group CFO

By

Isabelle Crossley

Published
May 28, 2019

Aditya Birla has appointed Grasim’s chief financial officer Sushil Agarwal as CFO of the group as he completes 30 years at the business. 

Aditya Birla Group has elevated Agarwal to group CFO and has also given him a director’s seat at Aditya Birla Management Corporation, ET Bureau reported. ABMC gives strategic direction to many areas of the business across its subsidiaries. 

“The decision comes with a twin objective of giving focal attention to the group CFO role, while the elevation is in recognition of his contribution," Aditya Birla Group’s global director of human resources, Santrupt Mishra, told the Economic Times about the appointment.

Agarwal was previously CFO at the Aditya Birla Group business Grasim Industries which manufactures textiles, chemicals, and cement. The new appointment will allow Agarwal to use his experience at Grasim and apply it to the whole business portfolio.

 Aditya Birla is currently expanding into Tier 4 and 5 locations to tap into the growing rural market with its value fashion brand Style Up. The business also aims to open between 60 and 70 stores for its fashion brand Pantaloons as well as stores for its other licensed fashion brands.