Bombay Burmah Appoints Lalita Rajesh as CFO

The Bombay Burmah Trading Corporation Limited has appointed Lalita Rajesh as the Chief Financial Officer (CFO) of the company, with effect from August 9, 2024. She replaced N. H. Datanwala, who has retired from the post due to his advancing age and health issues. Lalita Rajesh is a fellow member of the Institute of Chartered Accountants of India (ICAI) and has over 17 years of experience in finance. Since 2019, she has been associated with The Bombay Burmah Trading Corp. Ltd. She is presently responsible for various areas of the finance function, including corporate finance, treasury, tax, legal, and commercial, in various industries, including IT-enabled services. Additionally, she also oversees the mergers and acquisitions portfolio.

Additionally, the Board has approved the appointment of Keki Machersha Elavia as an Additional Director in the category of Non-Executive Independent Director for a term of 5 years with effect from August 8, 2024, subject to the approval of the members of the corporation. Elavia is a retired Senior Partner of M/s. Kalyaniwalla & Mistry, Chartered Accountants. He was associated with M/s. Kalyaniwalla & Mistry for more than 40 years and has also been a partner of S.R. Batliboi for a brief period. He is a member of the India UK Accountancy Task Force constituted by the Ministry of Commerce, Government of India, and a trustee of educational and medical trusts. RBI had appointed him as a member of the Indian Advisory Committee of the Hong Kong and Shanghai Banking Corporation Limited, where he was the Chairman of its Audit Committee and Corporate Governance Committee. He has also served as a member of the RBI Expert Group for designing a supervisory framework for NBFCs, a member of various committees at the Institute of Chartered Accountants of India, and a member of the Board of Governors for the Institute of Internal Auditors’ Bombay Chapter.