Press Releases

Arvind Vats to assume the role of Chief Financial Officer & Chief Risk Officer starting 1st January 2025
 
Orient Electric Limited [BSE: 541301, NSE: ORIENTELEC], part of the diversified USD 3 billion CK Birla Group, announced the appointment of Arvind Vats as Chief Financial Officer and Chief Risk Officer effective January 1, 2025. He will succeed Saibal Sengupta, who retires on superannuation on December 31, 2024, after seven years at Orient Electric.
 
Arvind Vats is a Chartered Accountant, CWA, and MBA with 30 years of experience in building Business Strategy, Investor Relations, Corporate Governance, IPO & Listing, and Enterprise Risk Management. He has worked across varied industries such as FMCG, Modern Retail, QSR-Food Retail, Telecommunication, and Textile. His diverse expertise and leadership have consistently delivered sustainable value for shareholders.
 
Avani Birla said, “As we continue to evolve in a rapidly changing business landscape, the role of the CFO as a business partner is more critical than ever. Arvind Vats brings a wealth of experience across a number of industries, making him exceptionally well-suited for this role. Under the leadership of our CEO, Ravindra Singh Negi, Arvind will play a critical role in long-term value creation for all our stakeholders.”
 
Ravindra Singh Negi, Managing Director and CEO, Orient Electric added, “We are delighted to welcome Arvind Vats to Orient Electric. With our ongoing transformation and focus on becoming a future-ready, consumer-centric organisation, Arvind's extensive experience across prominent businesses will be valuable to Orient Electric. His proven track record in driving organisational growth through strategic planning and decisive leadership will support in unlocking further shareholder value, enhancing investor relations, and corporate governance. I also extend my heartfelt gratitude to Saibal Sengupta for his exceptional leadership over the past seven years, which has laid a strong foundation for our future plans."
 
Commenting on his appointment, Arvind Vats, CFO Designate, Orient Electric said, “I am honoured to join Orient Electric at this exciting juncture in its transformation journey. The company is committed to excellence and innovation, and I am eager to contribute to Orient Electric’s forward-looking goals. My focus will be driving sustainable growth, by focusing on corporate governance and fostering a culture of innovation that drives long-term value creation for Orient Electric in an ever-evolving business environment.”