Arvind Appoints Nigam Shah as Group CFO

The Board of Directors of Arvind Limited has approved the appointment of Nigam Shah as the Chief Financial Officer (CFO) and KMP with effect from February 1, 2024. He replaced Jayesh Shah, who shall continue to be Whole Time Director of the Company and Group Chief Financial Officer. The company has announced appointment of Krunal Bhatt as the Company Secretary and KMP with effect from February 1, 2024. He replaced R V Bhimani, who shall cease to be Company Secretary. Reappointment of Arpit Patel as an Independent Director for a second term of five years with effect from May 17, 2024, subject to approval of members of the Company.

Nigam Shah, 43, is a qualified Chartered Accountant, joined the Company as CFO in October 2023. Shah brings more than two decades of experience to Arvind Limited spanning various sectors, including infrastructure, engineering, chemicals and banking. His most recent role was at Montecarlo Limited, where he served as the Group CFO, overseeing multiple business segments, including Metro and Buildings, Water, Transport, Mining, and Energy.

Krunal Bhatt, 42, is a qualified Company Secretary with more than 17 years of post qualification experience in Secretarial and Legal function. He joined Arvind Limited in October, 2022. Prior to joining, he was associated with Astral Limited as the Company Secretary.

Arpit Patel, 65, is a senior Chartered Accountant with broad experience in handling assignments ranging from statutory audit to corporate advisory involving interplay of various laws. Patel has contributed as a Partner at M/s Kantilal Patel & Co. and M/s S. R. Batliboi & Co. LLP. At present, he is a Partner at M/s Arpit Patel & Associates, Chartered Accountants. He has been appointed as a Technical Reviewer of Financial Statements by ICAI, empanelled as a Technical Reviewer with the Quality Review Board established by the Government of India under the Chartered Accountants Act, 1949 and has authored various books in his field.


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