Bajaj Electricals Limited Announces Management Changes, Effective June 30, 2021
November 05, 2020 at 02:43 am EST
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Bajaj Electricals Limited announced that Shri Anant Purandare, President & Chief Financial Officer and Key Managerial Personnel of the Company is due for retirement with effect from June 30, 2021 upon attaining the age of superannuation. As a part of an orderly succession to the position of the Chief Financial Officer, based on the recommendation of the Nomination and Remuneration Committee and Audit Committee, the Board of Directors of the Company at its meeting held on November 5, 2020, has approved the candidature of Shri Ellatch
Prasad, who is currently the Vice President - Finance and Finance Controller of the Company, to succeed as the Chief Financial Officer and a Key Managerial Personnel of the Company after the superannuation of Shri Purandare scheduled on June 30, 2021.
Bajaj Electricals Limited is engaged in the marketing of various consumer household and industrial goods. The Company operates through two segments: Consumer Products and Lighting Solutions. The Consumer Products segment is engaged in the manufacturing and trading of consumer durables products which includes fans, domestic appliances, kitchen appliances, and non-electrical kitchen aids. The Lighting Solutions segment is engaged in the manufacturing and trading of lighting products which includes light-emitting diode (LED) products, such as lamps, bulbs, battens and ceiling lights in consumer lighting and poles, high mast, street lighting, area lighting, in professional lighting. It also provides various fans comprising ceiling, pedestal, table, wall, personal, domestic, and others. It also involved in the engineering, procurement and commissioning of power transmission and power distribution infrastructure. It operates approximately 2,00,000 retail outlets.
BAJAJ ELECTRICALS LIMITED 
