New Delhi: The Appointments Committee of the Cabinet (ACC) has approved the appointment of Lalit Kumar Gupta as Chairman and Managing Director (CMD) of Cotton Corporation of India (CCI), a PSU under the Ministry of Textile. According to an order issued from the Department of Personnel & Training (DoPT), Gupta has been appointed as CMD of CCI with effect from the date of his assumption of charge of the post for a period of five years, or till the date of his superannuation, or until further orders, whichever is the earlier.

Gupta was recommended for the post of CMD of CCI by the PESB panel. Presently, he is serving as Director (Finnane) in the same organisation.

Gupta has completed his MBA in Marketing from ITM Business School of Navi Mumbai. He is a Chartered Accountant (CA) of the Institute of Chartered Accountants of India (ICAI). He is also a member of the Institute of the Company Secretaries of India (ICSI). He has a rich experience in the Finance and related sector. Gupta has a very long association with Cotton Corporation of about 25 years. He joined CCI in August 1994.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)