Press release from Business Wire India
Source: Bhartiya Group
Tuesday, November 15, 2011 03:10 PM IST (09:40 AM GMT)
Editors: General: Consumer interest, Fashion, Lifestyle, People; Business: Accounting & management consultancy services, Banking & financial services, Business services, Major diversified industrial groups
Bhartiya Announce the Appointment Ajay Malhotra as New Group CFO

New Delhi, Delhi, India, Tuesday, November 15, 2011 — (Business Wire India) — Bhartiya is strengthening its management team with the appointment of Ajay Malhotra to the position of Group Chief Financial Officer. Ajay is a commerce graduate from Shri Ram College of Commerce, Delhi University and is a Chartered Accountant and Company Secretary with over 22 years of experience, last 11 years in financial services.

Ajay previously held senior financial positions in several private and public companies, lately at Fullerton India (Temasek group company) as EVP Finance and Company Secretary, where he was a part of the leadership team, and setup the entire Financial Control, Treasury, Regulatory and Corporate Governance framework. Prior to that he worked for Citigroup (Citicorp Maruti Finance Ltd) for over 5 years. Earlier Ajay was with Bhartiya and during his tenure Bhartiya Interntional Ltd was listed on the NSE and BSE bourses.

“Mr Malhotra brings significant expertise in corporate finance, corporate governance, and compliance to the management team at Bhartiya,” said Snehdeep Agarwal, Chairman-Founder, Bhartiya. “We welcome Ajay back to Bhartiya and no doubt we will benefit from Ajay’s proven track record and by his exemplary combination of business judgment, professional skills and integrity.”

About Bhartiya Group

Bhartiya is a diversified lifestyle group founded in 1987. It consists of two verticals: Bhartiya Fashion (international manufacturing of leather products and fur and Leather SEZ, Listed company) and Bhartiya Urban (Real estate development). Bhartiya Urban is developing Bhartiya City in Bangalore, a 125 acre integrated urban township within the municipal limit of Bangalore City – a first of its kind in India. The 20 million sq ft development will be a self-contained city with housing in various formats, retail (souks, high-street retail and shopping malls), 5 hotels, business/financial district, IT campus, convention/conference centre, trade mart, a school, a hospital and other amenities serving the community.

Samir Kapur – Communication Consultant, Bhartiya Group, +91 9810013500


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