Hitesh Sethia appointed as MD and CEO of Jio Financial Services

This approval is subject to the condition that the appointee must have a valid Employment Visa during their tenure in India, according to a letter from MCA filed with the stock exchanges by Jio Financial Services Ltd.

Hitesh Sethia appointed as MD and CEO of Jio Financial Services

New Delhi: The Ministry of Corporate Affairs (MCA) has approved the appointment of Hitesh Kumar Sethia as the Managing Director and CEO of Jio Financial Services for three years starting from November 15, 2023. However, this appointment is subject to the condition that the appointee holds a valid Employment Visa throughout his tenure in India.

The MCA letter containing this information has been filed by Jio Financial Services Ltd. with the stock exchanges.

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"The approval granted by the MCA is per the provisions of the Companies Act 2013. It is important to note that this approval does not cover any requirement of security clearance. The responsibility of obtaining the necessary security clearance lies with the company or appointee." This is what the MCA letter stated.

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