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.
About Essel Group
The Essel Group is among India’s most prominent business houses with a diverse portfolio of assets in media, packaging, entertainment, technology-enabled services, infrastructure development and education.
The Group started business in 1926 with a modest commodity trading firm. Today, Essel Group of Companies is a vast conglomerate of Media, Technology, Entertainment, Packaging, Infrastructure, Education, Healthy Lifestyle & Wellness, Financial Services and Precious Metals with worldwide operations and a workforce of over 10,000 dedicated employees.
About Essel Infraprojects:
Essel Infraprojects Ltd (EIL) is the infrastructure arm of the Essel group, a 90 year old diversified conglomerate led by Dr Subhash Chandra. EIL is one of the fastest growing companies having diversified interests in infrastructure projects with 3 SBUs & 6 business verticals comprising of an order book value of USD 5.06 billion and a national footprint of more than 17 states and across 100+ cities.
The Essel group ventured in infrastructure space in 2007 with an entry into the surface transport segment and today has presence in 3 strategic business units that includes Core Infra (Roads, Airport , Railways & Urban Development), Green Energy & Power Transmission (Solar, Hydro, Wind Energy and Power Transmission) and Smart Utilities (Utility Distribution and Environment). With its varied portfolio of projects and expertise across the infrastructure domain, EIL is India’s first and only Integrated Smart City Developer. The company aims to fulfil the smart city dream of India by creating integrated, inclusive & sustainable cities of tomorrow with green at its core focusing on transforming the quality of life of citizens.
EIL has been widely recognized and awarded by various prestigious industry bodies like Michael Porter-IFC Mint Strategy Award, Best Infrastructure Brand 2016 by Economic Times, Smart City Council of India, World CSR Congress, Golden Peacock Awards and IAMAI etc. for its innovative solutions, use of new technologies and excellence in projects.