HAL’s Director (Finance) gets additional charge of CMD post

New Delhi: CB Ananthakrishnan has taken over the additional charge of the post of the Chairman and Managing Director (CMD) of Hindustan Aeronautics Limited (HAL) with effect from August 1, following the superannuation of R Madhavan as CMD HAL on July 31. Presently, he is serving as Director (Finance) in the organisation. Ananthakrishnan will hold this post for a period of three months from today or till the post of CMD, HAL is vacant, whichever is earlier.

Ananthakrishnan is a Commerce Graduate and Post Graduate in Business Administration from Madras University and is a fellow member of the Institute of Cost Accountants of India. He has also received management and leadership training from the Indian Institute of Management, Ahmedabad and Institut Aeronautique et. Spatiale (IAS) Toulouse, France.

Prior to his appointment as Director (Finance) of HAL, he was holding the post of Executive Director (Finance) in the Corporate Office of the company and handled overall Financial Planning and strategy, treasury management and taxation.

He joined HAL in 2004 and has over 35 years of work experience in both public and private sectors with stints in merchant banking, pharmaceuticals, fertilizers and Aerospace Industries. During his stints in the Helicopter Division as Head of Finance, he was instrumental in developing financial strategies and policies for pricing, cost control and profit planning for achieving the overall goals of the company and also secured one of the largest helicopter contracts for the company valuing in excess of Rs 14,000 crore. He was instrumental in the conclusion of prices for repair & overhaul and supply of spares by the 3rd Pricing Policy Review Committee (PPRC), Conclusion of 73 ALH Contracts for Army and IN & ICG and Implementation of Ind AS etc.

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