New Delhi: The Appointments Committee of the Cabinet (ACC) has approved the appointments of Kapil Kumar Gupta as Director (Finance) of MMTC Limited, a metals and minerals trading PSU under the Ministry of Commerce and Industry. According to an order from the Department of Personnel & Training (DoPT), Gupta has been appointed on MMTC board for a period of five years with effect from the date of assumption of charge of the post on or after June 1, or till the date of his superannuation, or until further orders, whichever is earlier. He is currently serving as General Manager at Engineers India Limited (EIL), a Navratna PSU under the Ministry of Petroleum and Natural Gas. After the assumption the charge, Gupta will replace Umesh Sharma, who is currently holding the charge at MMTC Limited.
Gupta was recommended for the post of Director (Finance) of MMTC Limited a PESB panel on October 24. He was selected from the list of two candidates who were interviewed by the selection panel.
Education & Background
Gupta is a Chartered Accountant from the Institute of Chartered Accountants of India (ICAI). He has more than 26 years of experience in finance. He has been working with EIL for 26 years. Having joined in June 1993, he served in different capacities at the organisation.
MMTC Limited is the leading international trading company in India and has been in existence for close to six decades. The premier trading house has always striven to outperform its own past records. MMTC Limited was formerly known as Metals and Minerals Trading Corporation of India. It is one of the two highest earners of foreign exchange for India and India’s largest public-sector trading body. Not only handling the export of primary products such as coal, iron ore, and manufactured agro and industrial products, MMTC also imports important commodities such as ferrous and nonferrous metals for industry and agricultural fertilisers.