Essel Infraprojects Limited announces appointment of Ashutosh Agarwala as Chief Financial Offier (CFO)

Essel Infraprojects Limited announces appointment of Ashutosh Agarwala as Chief Financial Officer (CFO)

·         Mr. Agarwala to drive the financial growth agenda of Essel Infraprojects Limited amid big ticket size investments

·         Strategic fundraising & acquisition would be the core focus in his new role

·         Essel aims to attract best industry cross-domain talent

 

Essel Infraprojects Limited (EIL), the country’s largest integrated player in Infrastructure, Utilities, Green and Smart Citiy space, a part of Dr. Subhash Chandra led diversified Essel conglomerate, today announced the appointment of Mr. Ashutosh Agarwala as Chief Financial Officer.

Ashutosh brings with him rich finance and senior strategic advisory experience related to negotiation, structuring & concluding acquisitions post legal & due diligence. He has also developed an expertise in handling overall management and administration of Operations under uncertain business environment. 

At Essel Infraprojects Ltd., Ashutosh will be instrumental in screening and examining  acquisition opportunities, identify new business prospects, raise long term funds for the Group Companies and conduct comprehensive business diagnosis.

“Ashutosh’s joining the company, clearly highlights EIL’s commitment towards acquiring new talent across domain expertise. said Essel Infraprojects Limited’s Chief Executive Officer Mr. Ashok Agarwal. “Ashutosh’s expertise in corporate finance and M&A, as well as his depth of knowledge of the banking and infrastructure industry, will be a significant asset to our business over the coming years." 

Commenting on his appointment, Ashutosh said, “It’s truly an exciting opportunity to join a market-leader like Essel, especially now. The company is recognized as one of the country’s leading infrastructure player executing extremely key projects. With the Government focus on infrastructure sector the opportunities are immense and I am looking forward to working with this fantastic team as we continue to set the pace for our industry.”

Ashutosh is well-conversant with the formulation, articulation and deployment of actionable business strategies for enhancing the operational performance & for accomplishing the sustainable future growth. 

Prior to joining Essel Infraprojects, Ashutosh was President, Finance & CFO at Reliance Power Limited, Mumbai. He started his career with ICICI Bank Ltd. and also worked in increasing management responsibility levels in companies such as United Phosphorus Ltd., Nagarjuna Fertilisers & Chemicals Ltd., Aditya Birla Group, GMR, Jindal Steel & Power Ltd., and Essar Steel India Ltd. 

He has a consistent track record of translating strategies into implementable projects. Besides, his in-depth understanding of detailed evaluation of investment proposals, mobilization of financial resources while minimizing financial risks and costs through optimal funding structures & strategies have helped businesses  growing faster in his previous assignments.  

He has proven capability of building & leading competent teams to perform & succeed under demanding circumstances and deployment of actionable business strategies for enhancing the operational performance & sustainable business growth

Ashutosh holds a Chemical Engineering and Technology degree (B Tech) from Indian Institute of Technology, Banaras Hindu University, Varanasi and a management degree (PGDBM) from Indian Institute of Management (IIM), Bangalore. 


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