AirAsia: India appoints Titan's Vikas Agarwal as chief financial officer
AirAsia India has delegated Vikas Agarwal, a Titan official, as Chief Financial Officer (CFO). The arrangement got basic as present CFO Deepak Mahendra ruled against further expansion.
COMPANIES NEWS: Mahendra, who was delegated in February 2017 for a two-year time span, had expanded his term by five months.
In his past job, Agarwal was VP at Titan, in which the Tatas hold a 25 percent stake. Preceding Titan, he had worked in Madura Garments (a division of Aditya Birla), GE Motors, and Coca Cola.
The Tatas hold 51 percent stake in AirAsia India, while the rest of held via AirAsia Berhad. "Vikas, a contracted bookkeeper, comes to us with 27 years of involvement in enormous organizations crosswise overbuilding, FMCG, and the clothing and retail enterprises, where he has exhibited the capacity to pivot organizations, drive development, and improve effectiveness and gainfulness with reception of innovation and through changing the executives," said an AirAsia India representative.
The CBI had, a year ago, named Tony Fernandes, Bo Lingam, and R Venkataramanan (overseeing trustee at Tata Trusts and chief at AirAsia), in an FIR, charging that they had paid cash to go-betweens for fixes to community workers for verifying the air administrator's license. As an outcome, the aircraft is yet to verify a global flying license, in spite of satisfying all conditions.