Aditya Birla's Grasim appoints Pavan Jain as new chief financial officer

By

Isabelle Crossley

Published
Jun 17, 2022

Aditya Birla Group’s flagship company Grasim Industries Limited has named Pavan Jain as its new chief financial officer and key business managerial personnel. 

Jain will officially step into his new role on August 15, ET Online reported. Jain will replace Ashish Adukia in the role of chief financial officer and he was chosen for the role due to his strong track record at the business and recommendations from the business’ Nomination and Remuneration Committee and Audit Committee. 

Jain has worked for and with the Aditya Birla Group since 1991 and currently holds the role of senior president, ET Bureau reported. Jain joined Aditya Birla’s Grasim arm’s corporate finance division in 2004 and he has worked in the division since, contributing to the implementation of risk management systems, internal controls, and financial reporting among other things. Jain has also received the Aditya Birla Group Chairman’s Individual Award in both 2008 and 2022. 

Grasim Industries is one of the top publicly licensed businesses in India and its headquarters are located in Nagda. As well as textiles, Grasim Industries manufactures insulators, ready mix concrete, viscose staple fibre, chemicals, fertilisers, and rayon grade pulp among other materials.