AFCOM Holdings strengthens Board with Industry Veterans to drive Growth and Global Expansion

AFCOM Holdings Limited (AFCOM), (BSE - 544224), one of the leading players in the air cargo transportation sector, announces the appointment of Mr. Sudhir Deoras and Ms. Arundhati Mech as Independent Directors to its Board. This strategic move underscores AFCOM's commitment to strengthening corporate governance, enhancing strategic oversight, and driving sustainable growth.

Mr. Sudhir Deoras

- Over 40 years of leadership experience in Tata Group across steel, infrastructure, auto components, M&A, and international business.

- MD, TRF (formerly Tata-Robins-Fraser Ltd.) (2007-2016): Led three transnational M&As, tripled growth, and increased market capitalization fourfold.

- MD, Tata International (1999-2006): Scaled turnover from ₹800 Cr to ₹8,000 Cr, making it a global trading powerhouse.

- Other Key Roles: Principal Executive Officer, Tata Steel | Executive-in-Charge, Tata Bearings (revived a loss-making unit).

- Industry Leadership: Chaired CII's Eastern Regional Council, National Committee on Exports, and Backward District Development.

- Board Roles: Chairman of York Transport (Singapore), Aditya Automotive (India), Dutch Lanka Trailers (Sri Lanka), and Hewitt Robins (UK).

- Education: BE (Rewa) | Diploma in Electrical Engineering & Metallurgy (SNTI, Jamshedpur) | Executive programs at INSEAD, MIT Sloan, and IMD Switzerland.

Ms. Arundhati Mech

- 35 years at RBI, specializing in banking regulation, compliance, governance, and crisis management.

- Chief General Manager & Regional Director, RBI (2016-2019): Led banking operations in Tamil Nadu & Puducherry, managed crises like demonetization and Vardha Cyclone.

- General Manager (HR, Banking & IT), RBI (2010-2016): Spearheaded digital transformation, HR initiatives, and compliance strategies.

- Deputy General Manager (IT), RBI (2003-2010): Led banking IT modernization for secure financial systems.

- Major Contributions: Managed demonetization currency flow, drove financial literacy programs, implemented Core Banking Solutions in Urban Cooperative Banks.

- Board Roles: Independent Director at HDB Financial Services Ltd. and Shivalik Small Finance Bank.

- Education: M.A. (JNU) | Leadership Development (Kellogg School of Management, USA).

Commenting on the appointments, Capt. Deepak Parasuraman & Chairman & Managing Director of AFCOM Holdings Limited, said, " At Afcom, we are committed to strengthening our leadership team with professionals who bring a wealth of experience and a forward-thinking approach to governance and business strategy. The appointment of Mr. Sudhir Deoras and Ms. Arundhati Mech marks a significant milestone in our journey toward sustainable growth, operational excellence, and global expansion.

Mr. Sudhir Deoras is a highly respected leader in the corporate world, known for his ability to drive transformational growth and execute strategic mergers and acquisitions across industries. His expertise will be invaluable in shaping our strategies as we explore new market opportunities and enhance operational efficiencies.

Ms. Arundhati Mech brings unparalleled expertise in banking, financial governance, and regulatory compliance, gained through an illustrious career at the Reserve Bank of India. With her deep understanding of financial inclusion and policy coordination, we are confident that she will provide critical insights to strengthen our financial frameworks and governance policies.

At Afcom, we believe that strong leadership and a commitment to innovation are the cornerstones of sustained success. With the addition of these two industry stalwarts to our Board, we are reinforcing our dedication to corporate governance, strategic expansion, and value creation. Their collective experience will be instrumental in guiding Afcom to new heights in the years to come."

Shares of Afcom Holdings Limited was last trading in BSE at Rs. 647.50 as compared to the previous close of Rs. 656.00. The total number of shares traded during the day was 122880 in over 329 trades.

The stock hit an intraday high of Rs. 684.95 and intraday low of 638.20. The net turnover during the day was Rs. 80838924.00.

Source : Equity Bulls

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