Mr. Sanjeev Aga is new Managining Director of Indian Rayon

Mr. Sanjeev Aga has been named the Managing Director of Indian Rayon by the Board, from 1 May 2005 and will report to the Chairman. Indian Rayon has emerged as the Aditya Birla Group's vehicle for investment into new businesses such as garments, insurance, IT/ITES, and others, and has several joint ventures, e.g., with Sun Life Financial Inc., Canada, and NGK Insulators, Japan.

Given the diversity of businesses, the ambitious future plans of the company and to sharpen governance practices, Mr. Aga will provide leadership for critical aspects of its business processes such as capital allocation, performance monitoring and strengthening the strategy for each business within the overall strategic framework of Indian Rayon. While these roles are effectively played by the respective Heads of Business for their own business, for the company as a whole, Mr. Aga will serve as the nodal point - synergising and driving a coordinated approach into the future.Mr. Aga, 53, joined as a Director on the Board of the Aditya Birla Management Corporation in April 2002 and has since been overseeing Indian Rayon's IT, ITES and Insulators businesses. He was earlier the Chief Executive of the Group's telecom JV, Idea Cellular. Beginning his career with Asian Paints, Mr. Aga rose to occupy senior positions in industry. Prior to joining Birla AT&T, he was Managing Director of Blow Plast. Mr. Aga is an Honours graduate in Physics from St. Stephen's College, Delhi, and post graduated from IIM Kolkata.