New Delhi: Hindustan Aeronautics Limited's (HAL) Director (Finance) CB Ananthakrishnan, who is also holding the additional charge of HAL's CMD post, has been given a tenure extension as CMD. According to an order issued by the Ministry of Defence, dated November 1, 2022, Ananthakrishnan has been entrusted the additional charge for the post of CMD of the company, for a further period of six months with effect from November 1, 2022, or till further orders, whichever is earlier.
Ananthakrishnan has been holding the additional charge of HAL's CMD post since August 1, 2022. Further, he was also holding the additional charge for the post of Director (Engineering and R&D) of the company from August 1, 2022, to September 28, 2022.
CB Ananthakrishnan was appointed as Director (Finance) & CFO of HAL with effect from August 1, 2018. He 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 (ICAI). He has also received management and leadership training from the Indian Institute of Management (IIM), 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 the Finance, he was instrumental in developing financial strategies and policies for pricing, cost control and profit planning for achieving 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 for the conclusion of prices for repair & overhaul and Supply of Spares by 3rd Pricing Policy Review Committee (PPRC), Conclusion of 73 ALH Contracts for Army and IN&ICG and the implementation of Ind AS etc.
He has played a pivotal role during Initial Public Offering (IPO) and listing of the company shares during March 2018. He was instrumental in securing orders of 83 LCA MK IA and 15 LCH.