Jeh Wadia, whose term expired on March 31, has held the position since April 2011. In keeping with the objective of professionalisation of the management, Jeh Wadia, MD of The Bombay Dyeing and Manufacturing Company Ltd has stepped down and will not be renewing his contract as Managing Director of the company which has expired on March 31, 2021, the company said in a regulatory filing. It further said CEO Suresh Khurana and CFO Hitesh Vora would look after the day-to-day management and work under the supervision of Minnie Bodhanwala, a Director of the company. Besides, the Strategic Committee of the board of directors of the company comprising its Chairman Nusli N Wadia and independent directors
Jeh Wadia, managing director, The Bombay Dyeing and Manufacturing Company Ltd., has stepped down and will not be renewing his contract as MD, the company said after a board meeting on Thursday.Mr. Wad
Jeh Wadia steps down as MD of Bombay Dyeing
April 01, 2021
Jeh Wadia - Businessline× Jeh Wadia has stepped down as Managing Director of Bombay Dyeing and Manufacturing Company Ltd with immediate effect. The company said that the move is in keeping with the objective of professionalisation of the management.
In the interim, the day-to-day management of the company will be looked after by Suresh Khurana, CEO of the company’s polyester business, along with the Chief Financial Officer, Hitesh Vora, under the supervision of Minnie Bodhanwala, a Director.
“The Strategic Committee of the Board of Directors comprising Nusli N Wadia, Chairman, Vinesh Jairath and Sunil Lalbhai, both Independent Directors will continue to provide suitable guidance as done hitherto,” said a press statement.
Atul Ltd. enters 70th year of Operations ANI | Updated: Mar 17, 2021 15:11 IST
Gandhinagar (Gujarat) [India], March 17 (ANI/NewsVoir): Incorporated on September 5, 1947, by Kasturbhai Lalbhai and its first plants commissioned on March 17, 1952, Atul Ltd. enters its 70th year of operations.
From a small beginning, with the manufacture of a few textile dyes, the Company has helped make India self-reliant by developing and commercializing several products for the first time in the country, supplying 900 products and 400 formulations to 4,000 customers belonging to 30 diverse industries.
It has grown into a diversified chemical conglomerate, with a larger purpose continuing the legacy of the founder of serving the society. Its first site in Atul village (Valsad district), named after the Company, spread over 1,250 acres is amongst the largest and greenest of its kind in the world.
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