New Delhi: AirAsia India has appointed Vikas Agarwal, a Titan executive, as Chief Financial Officer (CFO). The appointment became essential as current CFO Deepak Mahendra decided against further extension.
Mahendra, who was appointed in February 2017 for a two-year period, had extended his term by five months.
In his previous role, Agarwal was vice-president at Titan, in which the Tatas hold 25 per cent stake. Prior to Titan, he had worked in Madura Garments (a division of Aditya Birla), GE Motors, and Coca Cola.
The Tatas hold 51 per cent stake in AirAsia India, while the remainder is held by AirAsia Berhad. “Vikas, a chartered accountant, comes to us with 27 years of experience with large businesses across engineering, FMCG, and the apparel and retail industries, where he has demonstrated the ability to turn around businesses, drive growth, and improve efficiency and profitability with adoption of technology and through change management,” said an AirAsia India spokesperson.
06/11/19 Arindam Majumder/Business Standard
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Mahendra, who was appointed in February 2017 for a two-year period, had extended his term by five months.
In his previous role, Agarwal was vice-president at Titan, in which the Tatas hold 25 per cent stake. Prior to Titan, he had worked in Madura Garments (a division of Aditya Birla), GE Motors, and Coca Cola.
The Tatas hold 51 per cent stake in AirAsia India, while the remainder is held by AirAsia Berhad. “Vikas, a chartered accountant, comes to us with 27 years of experience with large businesses across engineering, FMCG, and the apparel and retail industries, where he has demonstrated the ability to turn around businesses, drive growth, and improve efficiency and profitability with adoption of technology and through change management,” said an AirAsia India spokesperson.
06/11/19 Arindam Majumder/Business Standard
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