India's CITI appoints Rakesh Mehra as chairman for 2023-25

Taking over the mantle, Mehra is committed to working together towards collaborative and inclusive initiatives for the growth of the entire textile sector, CITI said in a press release.

Mehra, a Chartered Accountant, is the chairman of Banswara Syntex Limited (BSL), integrated textile manufacturer and exporter of yarns, fabrics, and garments, having a turnover of ₹1,400 crore. He did his schooling in Amritsar and Ajmer and BCom from Chandigarh. He completed his 3-year articleship with AF Ferguson & Co, Chartered Accountants, Mumbai.

Mehra joined the BSL in 1986 and was one of the pioneers in developing the export of India’s man-made textiles. He has to his credit the opening up of the fabric export business to the UK and the yarn export business to Turkiye. Mehra has been associated with various industry associations. He was elected chairman of The Synthetic & Rayon Textile Export Promotion Council (SRTEPC) for two terms. He was president of the Indian Spinners’ Association (ISA) and deputy chairman of CITI.

Chandran, chairman and managing director of Precot Limited, Coimbatore has been elected as the deputy chairman of CITI. He is a B.Sc (Hons) graduate in textile technology, UMIST, UK and post-graduate (MBA) from the University of Illinois, US. Chandran has held the position of director in the PC Racing Foundation, The Cotton Textiles Export Promotion Council, and the Textile Sector Skill Council. He has also been the chairman of SIMA, member of the CITI sub-committee on manmade fibre and yarn and technical textiles, chairman of the Yarn Committee of TEXPROCIL, and vice-chairman of CITI, New Delhi.

Nolkha is the managing director and CEO of Nitin Spinners Ltd, Bhilwara. He is a fellow member of The Institute of Chartered Accountants of India and The Institute of Cost & Management Accountants of India. He had a brilliant academic career having secured 4th rank on All India Basis in ICMA Final Exams in 1991 and 43rd Rank in ICAI Final exams in 1992.

Nolkha is a member of various industrial associations. He has served as president of the Mewar Chamber of Commerce and Industry, Bhilwara, Rajasthan and chairman of NITRA, Ghaziabad. Presently he is vice president of the Rajasthan Chamber of Commerce & Industry, Jaipur, Rajasthan. He has also been conferred the CA Business Leader Award by The Institute of Chartered Accountants of India.

Fibre2Fashion News Desk (NB)