Krishnamurthy Suryanarayan appointed as CFO of Parag Milk Foods Ltd

Parag Milk Foods Ltd. (PMFL), today announced that Krishnamurthy Suryanarayan has been appointed as the Chief Financial Officer. Suryanarayan has over 25 years of leadership experience as an innovative strategic planner in finance diligence. He was associated with esteemed organizations like CEAT Limited, Godrej Consumers Products, and RPG Life Science to name a few. In CEAT Ltd, he was working as VP - Finance and was responsible to improve productivity and increase margins. In Godrej Consumers Products, he was part of the Leadership team and was responsible for their Africa business.

He has deep domain expertise across a spectrum of activities that includes P&L management, treasury & forex, financial modelling, valuation, financial controls, and commercial decision-making in manufacturing, sales & distribution. He was also awarded "Most Promising Future CFO- Large Corporates" in 2016 by Business World.

He has completed his Chartered Accountancy in 1996 from the Institute of Chartered Accounts of India. He carries rich experience working in varied industries and geographies. He has an extensive understanding of the financial sector both domestically and abroad.

Devendra Shah, Chairman, PMFL, commented, "Suryanarayan is a veteran in finance with a strong track record of producing outcomes and adding value. He is a high-impact executive with an impressive combination of strategic and financial discipline, fine-tuned operational capabilities, and transformational leadership skills. He will be a solid partner as we carry out our strategy and enhance our operational performance to put PMFL in a position for long-term, sustainable value generation".

As PMFL's CFO, he will be instrumental in promoting strategic financial planning, carrying out significant financial objectives, and taking the company to newer heights to achieve sustainable growth ahead.

The Company has elevated Mr. Virendra Varma as the Company Secretary and Compliance Officer.

Shares of Parag Milk Foods Limited was last trading in BSE at Rs. 109.95 as compared to the previous close of Rs. 112.15. The total number of shares traded during the day was 40274 in over 866 trades.

The stock hit an intraday high of Rs. 114.55 and intraday low of 109.10. The net turnover during the day was Rs. 4467392.00.

Source : Equity Bulls

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ParagMilkFoods INE883N01014 Appointment CFO ChiefFinancialOfficer