New Delhi: Amit Sen has assumed charge as new Director (Finance) of Steel Authority of India Limited (SAIL), a Maharatna PSU under the Ministry of Steel, on November 5, SAIL said in a tweet on Wednesday. Prior to the promotion, he was serving as Chief General Manager (Finance) in the same organisation.
Sen was recommended by the Public Enterprises Selection Board (PESB) for the post of Director (Finance) of SAIL on July 5. He was selected form a list of five candidates who were interviewed by the selection panel.
Sen is a Chartered Accountant with over 31 years of experience in the manufacturing sector, handling various areas of the finance function. He has a long association with SAIL over than 25 years. He joined SAIL's Bhilai Steel Plant (BSP), Bhilai as an Assistant Manager in 1993. Prior to joining SAIL, he was working with Lovelock & Lewes, Kolkata (Limited Liability Partnership (LLP) firm) and Bharat Heavy Electricals Limited (BHEL). He has extensive experience of handling finances at Bhilai Steel Plant and has had a stint as Chief Financial Officer (CFO) at SAIL Refractory Company Limited (SRCL). He also has vast knowledge and acumen in financial management. His areas of expertise include cost management and commercial functions – especially the financial and commercial aspects of large turnkey contracts. He has also made significant contributions to the profitability of SAIL through the revisit of existing practices and aligning them with best practices.