Mrs. Bectors Food Speciality has appointed Arnav Jain as its Chief Financial Officer, following the company’s board meeting on September 4.
“As recommended by the Nomination and Remuneration Committee, Board has appointed Mr. Arnav Jain as Chief Financial Officer of the Company w.e.f. 11.08.2023.,” the company said in a regulatory filing.
At 10 am, Mrs. Bectors’ shares experienced a marginal 0.14 percent decrease, settling at INR 1,040.90. The company has appointed Arnav Jain to head its finance function. Mr. Jain joins the company from his previous role as the Commercial Controller- Coatings at Akzo Nobel. With over 18 years of extensive experience in various industries, including FMCG, telecom, paint, and consumer durables, he has excelled in roles spanning Business Finance, Controls, Treasury, and P&L Responsibility. Prior to joining Mrs. Bectors, Arnav Jain has held positions at Phillips, Nokia, Pepsi, Bharti Airtel, and Britannia Industries.
Arnav Jain is set to take over the role of CFO, succeeding Parveen Kumar Goel, who has been a board member at the company since 2008. Additionally, the biscuit manufacturer disclosed that its Annual General Meeting is scheduled for September 29.
Mrs. Bectors Food’s stock price has nearly doubled, yielding a remarkable return of close to 100 percent over the past six months. In their June quarterly report, the company reported a substantial surge in revenue, which soared from INR 12.7 crore in the previous year to an impressive INR 34.85 crore. Furthermore, the company’s overall revenue also displayed significant growth, surging by nearly 25 percent to reach INR 374.16 crore.