Britannia Industries appoints Urjit Patel as Impartial Director

Britannia Industries Restricted, a number one Indian multinational meals merchandise firm, has made a big transfer by appointing  Urjit Patel as further non-executive impartial Administrators of the corporate for a time period of 5 years, as per an alternate submitting on July 2.

His time period would begin on July 2nd, 2024, and finish on July, 1st, 2029. The appointment is topic to board approval on the upcoming Annual Normal Assembly scheduled on August 12, 2024.

Alongside Patel, Mr. Sunil Siddharth Lalbhai, Chairman and Managing Director of Atul Restricted, has additionally been appointed as an Impartial non-executive director.

Urjit Patel served because the twenty fourth Governor of the Reserve Financial institution of India (RBI) between 2016-18. Previous to this, he was Deputy Governor on the RBI from January 2013 overseeing financial coverage, financial analysis, and monetary markets operations.

From 2013 to 2018, he served as a Deputy within the G-20, BRICS Finance Ministers, and Central Financial institution Governors teams.

Between 2022-24, Patel served as Vice President (Funding Operations Area 1) on the Asian Infrastructure Funding Financial institution. He at present chairs the Nationwide Institute of Public Finance and Coverage.

Patel labored within the personal sector for about fifteen years in numerous capacities, together with positions at Reliance Industries Restricted and IDFC Restricted, amongst others.He resigned because the RBI Governor in 2018, citing private causes.

Based in 1892, Britannia is considered one of India’s oldest firms. It’s at present a part of the Wadia Group, headed by Nusli Wadia.