Essar Capital, the investment arm of Essar Global Fund, has announced the appointment of Anil Kumar Chaudhary as Chief Executive Officer for the metals & mining business.
Anil was formerly the Chairman and Managing Director of Steel Authority of India Limited (SAIL) and has been the Chairman of International Coal Ventures (ICVL) and Mjunction services.
In his new role, he will be a member of the Executive Committee and will play a key role in driving the investment strategy and growth in the metals and mining vertical, domestically and globally.
Before being appointed as Chairman and Managing Director of SAIL, he was the Director (Finance) of SAIL since 2011.
A graduate from the University of Delhi, Anil joined SAIL in 1984 as Junior Manager (F&A). Working his way, he rose to the rank of Executive Director (Finance & Accounts) at Bokaro Steel Plant in 2010. In 2011, he became the Director (Finance) of the Company.
During his tenure in SAIL, he made significant contributions in the areas of Treasury and Banking Operations, Foreign Exchange Management, Capital Budgeting, Cost & Operations Budget, Financial Concurrence, and Administration of centralized Gratuity and Superannuation funds.
As Director (Finance), Anil played an important role in improving the Company’s financial performance at a time when the entire steel industry was facing challenges including global overcapacity and rising coal prices. His strategies of cost-effectiveness, optimum resource utilization, and prudent financial planning helped in SAIL’s turnaround.
An Associate Member of the Institute of Cost Accountants of India (ICAI) and the Institute of Company Secretaries of India (ICSI), Anil is an alumni of the Faculty of Law Studies (FLS), from where he completed his Bachelor’s degree in Law.
In addition, he achieved a Post-Graduate Diploma in Personnel Management from the Faculty of Management Studies (FMS), University of Delhi. Shri Chaudhary has attended national and international programs on Financial and Business Management.
Essar Capital Limited (“Essar Capital”) is the investment manager of Essar Global Fund Limited (“EGFL”). It monitors and manages the entire portfolio of investments owned by EGFL.
