SAIL appoints Kumar Tulsiani as Director - Finance

Subsequent to nomination by Government of India vide Ministry of Steel order dated 20th June, 2022, and approval of the Board of Directors of the Company, Shri Anil Kumar Tulsiani, Executive Director, Steel Authority of India Limited (SAIL) has been appointed as Director (Finance), SAIL, on 20th June, 2022.

Shri Anil Kumar Tulsiani, a seasoned Finance Professional, joined SAIL at Durgapur Steel Plant in 1988. He canies rich and versatile experience of almost 34 years in various areas of Finance and Accounting. During his tenure, he has worked in different PlantsAJnits of SAIL viz., Raw Materials Division (RMD), Durgapur Steel Plant (DSP), Central Marketing Organization (CMO) and Corporate Office (CO).

Shri Tulsiani is a Graduate in Commerce, Cost & Management Accountant (CMA) and MBA (Finance). He had achieved All-India l5th Rank in the Final Examination of CMA Course conducted by the then Institute of Cost & Works Accountants of India (now known as ICAI).

In the initial part of his career, Shri Tulsiani worked in Raw Materials Division and was responsible for Budget & Budgetary control, Fund Management, Finalization of Accounts and Project Finance. He also played a key role in preparation of the Cost Manual for SAIL Mines. Meanwhile, he continued with the zeal to upgrade himself and completed his MBA (Financial Management) in 2000.

Thereafter, upon elevation as General Manager in2016, Shri Tulsiani was heading the Finance function at DSP as well as Alloy Steels Plant (ASP). Shd Tulsiani took a number of key initiatives during his tenure at DSP, including smooth transition to GST and systems improvement in Procurement/Contracts at DSP.

In 2019, Shri Anil Kumar Tulsiani was promoted as Executive Director (F&A), CMO. He was instrumental in improving the cash collections by optimising the receivables management and successful implementation of e-invoice and e-way bill system.

Continuing the trend of excellence in performance, in his latest role as Executive Director (F&A), co, since June'21, the company achieved the highest ever Turnover of more than Rs. 1 lakh in the Financial Year 2021-22 and deleveraged the Balance Sheet by reducing debts to the tune of Rs.17,000 crore.

Shri Tulsiani is also SAIL's Director on the Board of "mjunction Services Limited", where he is also the Chairman of the Audit Committee.

He had also been the Chairman of the Durgapur Chapter of the ICAI from 2017 to 2019.

Shares of Steel Authority of India Limited was last trading in BSE at Rs. 68.80 as compared to the previous close of Rs. 64.90. The total number of shares traded during the day was 3722140 in over 19340 trades.

The stock hit an intraday high of Rs. 69.40 and intraday low of 64.65. The net turnover during the day was Rs. 249236973.00.

Source : Equity Bulls

Keywords

SteelAuthorityofIndia INE114A01011 SAIL Appointment Director Finance