Aditya Birla Group reshuffles top deck, names Sushil Agarwal CFO

Devina Sengupta
The Economic Times
06 January 2016

Mumbai: Aditya Birla Group has elevated chief financial officer of Grasim Industries Sushil Agarwal as group CFO as part of a reshuffle of its management team that includes appointment of Ashish Adukia as deputy CFO of its telecom firm Idea Cellular.

Both Agarwal and Adukia are expected to take on their new roles from April 1. Agarwal, 52, was the CFO of Aditya Birla Nuvo before becoming the CFO and whole-time director of Grasim Industries. He is credited with several acquisitions and fundraising at the Kumar Mangalam Birla-owned conglomerate. Adukia, who was working with the chairman’s office, joined the group from investment bank Morgan Stanley in 2014 and was heading its corporate finance. He earlier worked with Citigroup Global Markets and global consultant PricewaterhouseCoopers.

The term said the appointments were part of its career development process. “We c;reated a post of CFO to handle business complexities, harness assets and needed someone who has been with the group for a long time,” said Santrupt Misra, group human resources head. Agarwal has been with the group for more than two decades. “Adukia’s new role was given to provide him with stronger experience in operations,” said Misra.

As deputy CFO of Idea Cellular, India’s third largest mobile telephony company by subscribers, Adukia will report to the CFO Akshaya Moondra. On Monday, the group had announced the completion of the merger of its company Aditya Birla Chemicals with Grasim Industries.