Lalit Kumar Gupta set to be Director (Finance) of CCI

New Delhi: Lalit Kumar Gupta is set to be Director (Finance) of Cotton Corporation of India Limited (CCI), a PSU under the Ministry of Textile. Gupta's name has been recommended by a Public Enterprises Selection Board (PESB) panel on Monday. He is currently serving as Chief General Manager in the same organisation.

Gupta has been recommended for the post of Director (Finance) of CCI, from a list of three candidates, who were interviewed by the selection panel. Two candidates including Gupta were from CCI and one candidate was from SJVN Limited.

Education & Background

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.

Backdrop

The post of Director (Finance) of CCI is vacant since July 2019, after PK Agarwal who was serving as Director (Finance) moved to a senior position as Director (Marketing) of the organisation. In addition to this joining the PESB also had recommended Agrawal for the post of Chairman & Managing Director (CMD) of CCI, in its earlier recommendation.

Cotton Corporation of India Limited

The Cotton Corporation of India Limited (CCI) is a government agency, engaged in diverse activities related to trade, procurement, and export of cotton. CCI is a public sector agency responsible for equitable distribution of cotton among the different constituents of the industry and aid imports of cotton. It was incorporated on July 31, 1970, under the Companies Act 1956.