CFO CHOICE | Sushil Agarwal
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Sushil Agarwal

Sushil Agarwal

Whole Time Director & CFO – Grasim Industries Ltd.(Aditya Birla Group)

Sushil Agarwal is the Whole Time Director & CFO of Aditya Birla Group’s flagship Company, Grasim Industries Ltd. – a leading VSF manufacturer in the world and a market leader in India in the cement and chemical sectors. In recognition of his exemplary services to the Aditya Birla Group, Sushil has been elevated as the Group Chief Financial Officer in 2016. Sushil is also a member of the Business Review Council, which is an institutionalized mechanism for bringing in wider managerial perspectives and leadership experiences, into reviewing the development, growth and operations of the Group’s businesses

Sushil has been with the Aditya Birla Group since the beginning of his career in 1989 and has distinction of working closely with the former Chairman Late Mr. Aditya Vikram Birla and current Chairman Mr. Kumar Mangalam Birla. He has richly contributed in many Restructuring, Mergers and Acquisitions initiatives of the Group with his widely acknowledged financial acumen and analytical skills. In recognition of his stellar contribution he was honoured with the Chairman’s Exceptional Contributor Award in 2000 and Outstanding Leadership Award in 2014.

He played an important role in the acquisition of Columbian Chemicals Company, which made Aditya Birla Group the World’s largest Carbon Black player. He played a key role in the acquisition of Pantaloons Fashion business which strengthened the Group’s leadership position in the Fashion & Lifestyle space. He played a key role in the consolidation of the Group’s fashion businesses, thereby paving the way for creation of India’s largest branded apparel company in the listed space.

In 2013, he was named among India’s best CFOs by Business Today in the category “Enhancing Competitiveness through M&A”. He has been consistently recognized for excellence by ‘CFO 100’ under the category ‘Winning Edge in Mergers Acquisitions and Corporate Finance’ in 2014- 2016 and under the category ‘Winning Edge in Strategy’ in 2011.

Prior to joining Grasim, Sushil was the Whole Time Director and CFO of Aditya Birla Nuvo Ltd., a USD 4 billion conglomerate. He has closely worked with several businesses of the Aditya Birla Group including Financial Services, where he was the COO of Aditya Birla Finance Ltd., the NBFC arm of ABNL and the CEO of Aditya Birla Insurance Brokers Ltd., the general insurance advisory arm of ABNL.

Sushil is on the board of several companies and is widely networked. He is familiar with operations in most states in India and several countries abroad through his experience of more than 25 years. Sushil is a qualified Chartered Accountant and Masters in Commerce.

Sushil and his wife, Mrs. Anita Agarwal, have two children, Anshul and Tanushree.

About Grasim Industries Ltd.

Grasim Industries Limited, a flagship company of Aditya Birla Group, ranks amongst India’s largest private sector companies, with a consolidated net revenue of Rs. 328.5 billion and net profit of Rs. 17.4 billion (FY 2015).

Grasim is a leading global player in viscose staple fiber (VSF) with an aggregate capacity of 498 ktpa and global market share of 8%. It is also the largest Chlor Alkali player in India with Caustic Soda capacity of 804K TPA. Grasim owns 60.25% stake in UltraTech Cement Limited, the largest cement manufacturer in India with a capacity of 67.7 million tpa.