Sushil Agarwal is now the group CFO of Aditya Birla Group, after proving his mettle at Grasim.
Recently, Grasim has reported 79 per cent increase in its consolidated net profit at ₹1,532 crore.
Aditya Birla Group is a $44 billion conglomerate firm that is seeking to grasp its expertise across a range of businesses.
“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,” Santrupt Mishra, global director of human resources at Aditya Birla Group, as per source.
Sushil Agarwal has been associated with Aditya Birla Group since three decades.
Agarwal has also been given a director’s seat at Aditya Birla Management Corporation (ABMC).
ABMC is the apex corporate body providing strategic direction and vision to group firms in various functional areas. It defines the portfolio strategy for the group and also provides strategic functional leadership and specialist services to group businesses, both in India and overseas, while ensuring that at the group level, policies are implemented and risks managed.