The Board of Directors of Grasim Industries Limited based on the recommendation of the Nomination and Remuneration Committee and Audit Committee, have approved the appointment of Pavan Jain as the next Chief Financial Officer (CFO) of the company with effect from 15th August, 2022.

 

Pavan Jain is a Fellow Member of the Institute of Chartered Accountants of India and an Associate Member of the Institute of Company Secretaries of India. He has undergone Executive Development Program of The Wharton School, University of Pennsylvania, USA.

 

He has been with the Aditya Birla Group since 1991. Presently, he is the Senior President, Grasim Industries Limited and has a stellar career track record spanning over three decades in the Group in different stints with Birla White, Grey Cement, and Grasim.

 

He joined the Corporate Finance Division of Grasim in 2004. He has contributed in establishing some of the best practices in the Financial Reporting, Internal Controls, and Risk Management systems across Grasim Businesses and also to various Corporate/Business restructuring plans and M&A activities of the company notable among them are the Cement business restructuring, Aditya Birla Nuvo Limited merger with Grasim, acquisition of Domsjo pulp unit in Sweden, acquisition of Soktas India Private Limited now Grasim Premium Fabrics division and divestments of Vikram Ispat, Grasim Bhiwani Textiles Limited, Indo Gulf Fertilisers division of Grasim.

 

In recognition of his significant performance, he has been honoured with the Aditya Birla Group Chairman’s Individual Award twice - once, as Exceptional Contributor in 2008 and subsequently, as an Accomplished Leader in 2022.