Diversified conglomerate Aditya Birla Group has elevated Sushil Agarwal as group CFO as part of a top-level management reshuffle, according to a report by The Economic Times.
Agarwal is currently serving as chief financial officer (CFO) and whole-time director of the group firm Grasim Industries. He was elevated as CFO of Grasim in July last year after he incumbent CFO and whole-time director of Grasim, Adesh Gupta, put in his papers after a long stint across the Aditya Birla Group companies.
Prior to this, Agarwal—who has 19 years of experience—was CFO at Aditya Birla Nuvo and has played a key role in its acquisitions.
Agarwal had been replaced as CFO of AB Nuvo by Pinky Mehta, who was serving as head of corporate management services division of the group.
An email sent and separate phone calls made to confirm the development and seeking more information did not elicit any response by the time of filing this article.
Meanwhile, the group has appointed Ashish Adukia as deputy CFO of its telecom business arm Idea Cellular. Adukia was serving as head of group corporate finance since August 2014.
Prior to this, he was with global investment bank Morgan Stanley as head group corporate finance. He had previously worked with Citigroup Global Markets and PwC.
An alumnus of Sydenham College of Commerce and Economics, Adukia had started his journey with PwC as a trainee accountant in 1997.