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Indian apparel firm Dollar Industries appoints Ajay Patodia as CFO

Sep '21
Inset: Dollar Industries Ltd chief financial officer Ajay Kumar Patodia
Inset: Dollar Industries Ltd chief financial officer Ajay Kumar Patodia
Dollar Industries Ltd, a leading Indian hosiery and knitwear brand, has announced the appointment of Ajay Kumar Patodia as new chief financial officer (CFO). With an experience of over 24 years, Patodia will oversee the company's financial and operational activities as well as contribute to its growth plan and assist all strategic and operational efforts across the country. 
With a track record of delivering positive results and utilising key operational factors to meet budgetary objectives, Patodia holds expertise in strategic financial planning, business development, M&A, and treasury, according to the company.
“Prior to joining Dollar Industries Limited, Patodia was professionally associated with the Lux Industries Ltd as CFO for the past 18 years. Having extensive knowledge and experience in corporate financing, accounting, investor relations, financial planning, taxation and risk management, he is a qualified chartered accountant, cost & management accountant and a certified FI consultant of SAP ERP,” the innerwear garment manufacturer said in a press release.
“Patodia offers a wealth of strategic expertise to our company, which is particularly important today and in the future. As we continue to develop Dollar Industries Limited into an aspirational brand, we need to meet the tremendous market potential ahead of us and he brings a unique perspective to our leadership team,” Vinod Kumar Gupta, managing director at Dollar Industries Limited said.
“Joining Dollar Industries has given me an exciting new opportunity to work synergistically with a highly committed and professional executive team to chart out an exponential growth path for the company. I am fascinated by the prospect of accelerating growth and adding value. Given the strength of its quality, ethos, and global reach, I believe Dollar has enormous potential. As CFO, my primary goal will be to create strong commercial ties and cross-enterprise alliances in order to expand the firm and safeguard revenue streams. I'm excited to be a part of the growth of such a pioneering company,” Patodia said in the release.

Fibre2Fashion News Desk (JL)

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