Pinky Mehta is the CFO of ABNL, a USD 4.4 billion diversified conglomerate and one of the flagship companies of the Aditya Birla Group.
Pinky is a qualified Chartered Accountant with 27 years of diversified experience. She joined the Aditya Birla Group in 1991, to become the first woman officer in the Group. As a key member of the Finance team at ABNL for about two decades, she handled many portfolios and made major contributions in the areas of Taxation, MIS, Accounts, Legal and Secretarial. She has played an active role in the area of Demergers, Mergers and Acquisitions since 1998 viz., demerger of Cement; Joint Venture with Sun Life for Life Insurance business; acquisition of Madura Garments, Transworks, Minacs and Apollo Sindhoori. Pinky has handled many complicated tax issues and has mastered the intricacies of tax laws.
Pinky has led the Management Services Division (MSD) of the Aditya Birla Group for five years and has executed many high-impact projects aimed at achieving commercial excellence, knowledge integration & future forecasting and leveraging cost synergies and competitive advantage. Under her leadership, MSD expanded its services to new geographies and new businesses overseas including Pulp and Fibre, Trading, Overseas Spinning, Acrylic Fibre and Carbon Black in North America, China, South East Asia and Africa. She has also expanded MSD services to new areas such as renewable energy, GST, Benchmarking, Logistics Roadmap etc.
She has the distinguished achievement of becoming the first woman CFO of an Aditya Birla Group company. In recognition of her versatile ability to handle multiple roles and accepting new challenges, she was conferred the Chairman’s Award for Exceptional Contributor in 2008.
Board of Directors & Management Team
Mr. Kumar Mangalam Birla
Mrs. Rajashree Birla
Mr. V. Chandrasekaran
Mr. P. Murari
Mr. B. R. Gupta
Ms. Tarjani Vakil
Mr. S. C. Bhargava
Ms. Pinky Mehta
Chief Financial Officer, Aditya Birla Nuvo Ltd. (ABNL)
Pinky Mehta is the CFO of ABNL, a USD 4.4 billion diversified conglomerate and one of the flagship companies of the Aditya Birla Group.
Ajay Srinivasan has been with the Aditya Birla Group since July 2007.
In his role as Chief Executive, Financial Services, he sets the vision and provides strategic direction and leadership for the Group's Financial Services business which covers several verticals such as life insurance, fund management, private equity, wealth management, retail broking, capital markets based lending, corporate financing and general insurance broking.
Under his leadership the financial services business has grown rapidly with an annual turnover of about $ 1 billion and a workforce of over 13000 people. Both the life insurance and mutual fund have become top 5 businesses in the last two years beating industry growth by a large margin.
Prior to joining the Aditya Birla Group, Ajay was Chief Executive, Fund Management at Prudential Corporation Asia. Under Ajay's leadership, Prudential's fund management operations in Asia grew rapidly, both organically and through acquisition. Ajay oversaw a business that spanned ten markets, including Japan, with total funds under management of about USD 70 Billion, which made it at the time the second largest retail fund manager in Asia.
As a member of Prudential Corporation Asia's Board of Directors, Ajay also oversaw the development of Prudential's retirement business in Asia.
Ajay joined Prudential in 1998 as Managing Director of Prudential ICICI Asset Management Company, Prudential's Indian fund management joint venture with ICICI Bank. Within two years of operation, Prudential ICICI AMC had grown its funds under management eleven-fold and became the largest private sector asset management company in India.
Prior to joining Prudential, Ajay was the Deputy Chief Executive Officer and Chief Investment Officer of the Indian operations of Threadneedle Asset Management.
With a proven track record for building successful businesses, his experience in the financial services industry spans over two decades.
Ajay holds a BA with Honours in Economics from St Stephens College, University of Delhi and an MBA from the Indian Institute of Management, Ahmedabad.
Mr. Himanshu Kapania
Managing Director, Idea Cellular Limited
Mr. Himanshu Kapania, age 53 years, an IIM Bangalore 1990 alumni, is the Managing Director of Idea Cellular Limited, a Pure Play Pan-India Mobile Operator with annual revenues of over US$ 5 billion (Rs. 30,500 Cr. in Calendar Year 2014), EBITDA over US$ 1.7 billion (Rs. 9,000 Cr. in Calendar Year 2014) and over 150 million GSM subscribers (as on 31st December 2014). Idea Cellular is the fastest growing Telecom Operator in India with 17.1% Revenue Market Share, 18.1% Customer Market Share and Enterprise Value exceeding US$ 12 billion.
Idea Cellular Ltd is part of the Aditya Birla Group, a global Indian conglomerate, with Revenue of US$ 40 billion, Employee strength of 120,000 and interest in Metals – Aluminum & Copper, Cement, Textiles, Financial Services, Life Insurance, Fashion & Retail, Chemicals, Carbon Black, etc., in India and 50 countries across the world. Himanshu was recently inducted as Director with the ‘Aditya Birla Management Corporation Pvt. Ltd.’ (ABMCPL), the strategic advisory unit of the Group.
Since 1997 Himanshu Kapania, a veteran of the Indian Telecom Industry, has participated in the evolution of the country’s Mobile Industry – from the period when India was a 2-player Mobile market to introduction of competition in NTP 1999 and fourth license auction in 2001, to hyper competitive 2008 phase with 12 Global Mobile Operators competing for the US$ 27 billion annual Indian Wireless business.
Himanshu led the company’s foray into Wireless Broadband business assisting Idea acquire 3G Spectrum in 2010 Global Auction with investment of US$ 1.3 billion, GSM 1,800 MHz spectrum in 2012 and LTE & HSPA Spectrum in 1,800 MHz & 900 MHz bands in February 2014 with investment of US$ 1.7 billion.
Himanshu Kapania, part of the original Idea Key Senior Leadership Team, was responsible to transition the 1995 Mobile Licensee Company only for 2 Circles to a Pan India Mobile Services status in 2008 through a combination of winning new licenses in the Auction and 'Merger & Acquisition' (M&A) including merger with Tata Cellular – Andhra Pradesh license, acquisition of RPG Celcom license in Madhya Pradesh in 1999, Escotel licenses for Telecom Service Areas of UP-West, Kerala, Haryana, UP-East, Rajasthan and HP in 2002 and 2008 acquisition of Spice Communications for Punjab & Karnataka Telecom License Areas.
Idea Cellular Limited is the World’s 6th largest Telecom Operator in terms of Mobile Subscriber Numbers, Volume of Voice Minutes generating over 1.8 billion Minutes per day, Volume of Mobile Data of our 550 Terabyte per day, and providing extensive & deep coverage to 350,000+ towns and villages across India.
Since Idea’s 'Initial Public Offering' (IPO) in 2007, Himanshu Kapania is the key company leader driving Idea business, helping deliver multifold increase in Subscribers (6 times), Revenue (5 times) & Profit (4.5 times) resulting in improved competitive standing in Mobile Services from sixth rank player in India to the current status as ‘One among the top three’ Indian Wireless Operator and retaining Idea's status as the ‘fastest growing Telecom operator for the last 6 years’.
Idea today is a household brand name. The tag line “An idea can change your life” resonates well with the masses in how telephony can change people's lives. Himanshu is actively involved in development of Idea’s Brand philosophy, architecture & strategy, and is part of development of award winning campaigns like the 'Population 3G Campaign' 'Honey Bunny', 'Telephone Exchange', '121', ‘No Ullu Banoing’ and latest campaign for online learning on ‘Idea Internet Network’.
Brand Idea is rated among Top 50 most admired brands of India in 2014 by Fortune and is ranked 8Th most Valuable Brand as per BrandZ Valuation for 2014.
Idea's unparalleled 'operating & financial' performance and an 'open, transparent & performance driven People culture' for its 13,000+ direct employees and 50,000+ indirect employees has resulted in Idea being one of the most awarded companies not only in Telecom but also across most sectors in India.
Himanshu has many personal accolades which include:
- Unanimously elected to the GSMA Board – the international body which formulates & drives the global GSM eco-system
- ‘CEO of the Year 2014’ awarded by Business Today in the Telecom Large Co. category
- ‘People CEO of the Year 2014’ awarded by the National HRD Network
- ‘Telecom CEO for 2013’ awarded by tele.net
Idea Cellular has won many awards under his leadership:
- EFFIES 2014 : Idea won 2 Golds in the ‘Integrated Advertising Campaign and Services
- ‘Excellence in Marketing & Customer Experience’ by Economic Times in 2013
- Best Brand Campaign at World Communication Award 2011 & 2012
- “India's Best Companies to Work for Study 2013” - 'Telecom Services' awarded jointly by 'Economic Times' and 'Great Places to Work Institute'.
Himanshu Kapania was the former Chairman of Cellular Operators Association of India (COAI) for the period 2012-14, the body representing interest of GSM operators in India, successfully leading the company and the Mobile Association through the period of ambiguity, uncertainty, volatility and extreme stress. With a clear well articulated vision, focused quality execution and alignment of Idea’s employees and partners, Himanshu continues to lead the company on its mission to improve Idea standing in the Mobility Voice and Data business.
Besides telecom, Mr. Kapania has rich experience in Automobile, Consumer Durables and Office Automation industries.
Himanshu is a BE (Electricals & Electronics Engg.) from BIT (Mesra) (1979-83) and a Post Graduate from the Indian Institute of Management Bangalore (1988-90).
To know more about Himanshu Kapania views on Spectrum & Government telecom policies, Mobile Consumer growth on Voice & Digital platform, financial health of the company & industry and quarterly Idea Cellular updates to media, investors & analysts log on to www.ideacellular.com
Mr. Thomas Varghese
Mr. Thomas Varghese is the Business Head of Domestic Textiles, Overseas Spinning and Acrylic Fiber Businesses of The Aditya Birla Groups Textile Businesses. It comprises of three companies in Domestic Textiles, 5 Companies in Overseas Spinning and 2 Companies in Acrylic Fiber businesses.
Mr. Varghese has been with the Aditya Birla Group since the last 15 years holding multiple positions across Businesses. He joined Grasim Industries in 1999 as Chief Marketing Officer for Grasim’s Pulp & Fiber Business and has been instrumental in leading his team to assume a leadership position in the global VSF scenario.
In 2004 he moved to head the large manufacturing complex of Pulp & Fiber at Harihar in Karnataka. He was also instrumental in VSF’s first M&A in China in 2006. In mid-2007 he moved as Business Head of the Pulp Operations in Aditya Birla Group looking after the 5 Units viz. Grasim Industries Limited, Kumarapatnam (Pulp & Fibre Units), AV Cell, Canada, AV Nackawic, Canada & Birla Lao Pulp & Plantations Co., Ltd., Lao PDR.
His last assignment was as MD & CEO of Aditya Birla Retail Limited. As Business Head of Aditya Birla Retail he oversaw the growth of all formats across India. ABRL has within a short span of 4 years emerged as one of India’s foremost Supermarket & Hypermarket Retailer.
He has been the Chairman of the CII – National Committee on Retail for 3 years (2009-11) and also a member of Services Council of CII .He is also a member of the Coca Cola Retail Research Council for Eurasia & Africa. He has been the Chairman of the of CII National Committee on Marketing for last two years.(2012-13,2013-14).
He is currently the Chairman of CII National Committee on Textiles (2014-15).
He is also a recipient of the Images Coca-Cola Golden Spoon Award for the “Most Admired Retailer in India (Food & Grocery) 2010”. He was also awarded the Images Award for India’s “Most Admired Retail Professional of the Year” at IRF, 2010. In Feb. 2012 he was conferred the “CEO of the Year” by the Asian Retail Congress at Mumbai.
An engineering graduate from IIT Delhi and an AMP Harvard Alumni he is a recipient of the Distinguished Alumnus award of the Indian Institute of Technology, New Delhi in 2002.
He is also a recipient of the coveted Aditya Birla Group award of “Outstanding Business Leader” in 2004.
Mr. Shriram Jagetiya
Mr. Shriram Jagetiya is President at Aditya Birla Nuvo. Mr. Jagetiya heads Finance & Treasury function and oversees financial services businesses of the Group at Nuvo.
Mr. Jagetiya is a Chartered Accountant and Cost Accountant by profession. He has about 25 years of experience across various assignments in the Group. He joined the group in 1992 at Corporate Finance division of Indian Rayon.
He has played a key role in fund mobilisation, investments, evaluation of various mergers and acquisitions, strategic planning and capital structuring in his various roles within the Group. At financial services businesses, he has been an integral part of development of corporate strategies and performance enhancement initiatives, business expansion and M&A across various businesses.
In recognition of his contributions to the organisation and delivering superior results, he was conferred the Chairman’s Individual Award for Exceptional Contributor in 2011. He is also a recipient of the CFONEXT 100 Award 2016 by the CFO India.
Mr. Ashok Malu
(President & Company Secretary)