Orient Electric Limited, has announced the appointment of Arvind Vats as Chief Financial Officer (CFO) and Chief Risk Officer (CRO) effective January 1, 2025.
He will replace Saibal Sengupta, who is retiring on December 31, 2024, after seven years with the company.
Arvind Vats’ Vision for Orient Electric
Expressing his enthusiasm about the appointment, Arvind Vats, CFO Designate, Orient Electric, said, “I am honored to join Orient Electric at this pivotal moment in its transformation journey.”
He added, “The company’s commitment to excellence and innovation excites me, and I am eager to contribute to its forward-looking goals.”
Arvind further said, “My focus will be on driving sustainable growth, emphasizing corporate governance, and fostering a culture of innovation to create long-term value for Orient Electric in an ever-evolving business environment.”
Arvind Vats brings with him 30 years of experience as a Chartered Accountant, CWA, and MBA.
His extensive background includes building business strategy and managing investor relations.
He also ensures corporate governance, navigates IPOs and listings, and oversees enterprise risk management.
He has worked in various industries such as FMCG, modern retail, QSR food retail, telecommunications, and textiles.
His diverse expertise has consistently added sustainable value for shareholders.
Warm Welcome from Leadership
Avani Birla, representing the CK Birla Group, said, “In today’s rapidly evolving business landscape, the role of the CFO as a business partner is more critical than ever.”
She added, “Arvind Vats’s vast experience across multiple industries makes him ideally suited for this role.”
“Under the leadership of our CEO, Ravindra Singh Negi, Arvind will play a crucial role in creating long-term value for all our stakeholders,” Avani concluded.
Ravindra Singh Negi, Managing Director and CEO of Orient Electric, added, “We are thrilled to welcome Arvind Vats to Orient Electric.”
He added, “As we continue our transformation towards a future-ready, consumer-centric organization, Arvind’s extensive experience with leading businesses will be invaluable.”
Ravindra said, “His proven track record in strategic planning and decisive leadership will help unlock further shareholder value, enhance investor relations, and improve corporate governance.”
He also extended his heartfelt gratitude to Saibal Sengupta for his outstanding leadership over the past seven years.
This leadership has laid a solid foundation for their future plans.
About Orient Electric
Orient Electric Limited is part of the USD 3 billion diversified CK Birla Group. It has strong manufacturing capabilities and a presence in over 30 countries.
It is a trusted brand for consumer electrical products in India. The company offers a diverse portfolio of fans, lighting, home appliances, switches, and switchgears.
In the domestic market, it has penetration up to small towns with a well-organized distribution network reaching 1,35,000 retail outlets.
Additionally, it has a strong service network covering more than 450 cities.
Orient Electric has established itself in the market as one-stop solution provider of lifestyle electrical solutions.
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