HAL CMD C B Ananthakrishnan's another extension for six months

HAL CMD C B Ananthakrishnan's another extension for six months

New Delhi: Bangalore-based Indian public sector aerospace and defence company, Hindustan Aeronautics Limited on Wednesday 20th March stated that Shri C B Ananthakrishnan gets an extension of additional charge for the post of Chairman & Managing Director of the Company for six months w.e.f. 1st February 2024 or till the regular incumbent joins the post, or until further orders, whichever is the earliest. 

The company in its BSE Filling mentioned that the Ministry of Defence in its Letter dated 18th March 2024 has conveyed the ex-post facto approval of the Appointments Committee of the Cabinet (ACC) for the extension of additional charge for the post of Chairman & Managing Director of the Company to Shri C B Ananthakrishnan, Director (Finance) of the Company.
 

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C B Ananthakrishnan Background

In 2018 C B Ananthakrishnan was appointed as Director (Finance) & CFO of the Company. He is a Commerce Graduate and Post Graduate in Business Administration from Madras University and is a fellow member of Institute of Cost Accountants of India. He has also received management and leadership training from Indian Institute of Management, Ahmedabad and Institut Aeronautique et. Spatiale (IAS) Toulouse, France.

Prior to his appointment as Director (Finance), he was holding the post of Executive Director (Finance) in Corporate Office of the Company and handling overall Financial Planning and strategy, treasury management and taxation.

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He joined HAL in 2004 and has over 35 years of work experience in both public and private sectors with stints in merchant banking, pharmaceuticals, fertilizers and Aerospace Industries. During his stints in Helicopter Division as Head of the Finance, he was instrumental in developing financial strategies and policies for pricing, cost control and profit planning for achieving overall goals of the Company and also secured one of the largest Helicopter Contracts for the Company valuing in excess of Rs. 14000 Crore. He was instrumental for Conclusion of prices for Repair & Overhaul and Supply of Spares by 3rd Pricing Policy Review Committee (PPRC), Conclusion of 73 ALH Contracts for Army and IN & ICG and Implementation of Ind AS etc.

He has played a pivotal role during Initial Public Offering (IPO) and listing of the Company shares during March 2018. He was instrumental in securing orders of 83 LCA MK IA and 15 LCH.

Shri Ananthakrishnan has been entrusted with additional charge of Chairman and Managing Director (CMD) of the Company w.e.f 1st August, 2022. He is not related to any other directors of the Company and does not hold any share in the Company.

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