Greenply appoints Nitin Kalani as its Chief Financial Officer

Greenply Industries Limited (BSE:526797, NSE: GREENPLY), one of India's largest interior infrastructure companies engaged in the manufacturing of plywood and allied products, has appointed Nitin Kalani as its Chief Financial Officer (CFO). He will report to the Joint Managing Director and Chief Executive Officer, Manoj Tulsian.

Nitin is having domestic as well as significant international experience of about eighteen years across diverse industries with organisations such as Varroc Group, Credit Suisse, RPG Group, Rabobank, Kalpataru Group, and Tata Motors. Prior to joining Greenply, Nitin was associated with Varroc, where he held the position of Head of Group Treasury, FP&A and Investor Relations. In this last assignment, Nitin has played a key role in transactions such as Initial Public Offering (IPO) in 2018, Qualified Institutional Placement (QIP) last year, various local and international fund raise transactions and M&As.

Nitin is a Chartered Accountant with an all-India merit rank, a CFA charter holder from The CFA Institute, USA and a qualified Company Secretary.

Greenply's Chief Executive Officer and Joint Managing Director, Manoj Tulsian commented on the appointment, "We are pleased to have Nitin join us during the current growth phase where we are expanding our product portfolio and geographical reach. Nitin will be closely working with us in driving profitable and sustainable growth, cost efficiencies and effective working capital management for Greenply."

Shares of Greenply Industries Limited was last trading in BSE at Rs. 189.85 as compared to the previous close of Rs. 194.25. The total number of shares traded during the day was 17441 in over 653 trades.

The stock hit an intraday high of Rs. 194.20 and intraday low of 188.80. The net turnover during the day was Rs. 3335301.00.

Source : Equity Bulls

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GreenplyIndustries INE461C01038 Appointment CFO NitinKalani