Neuland Laboratories appoints Abhijit Majumdar as CFO
He brings over 30 years of experience across various organizations such as Asian Paints PPG, Berger Paints, Tata Steel, among others
The Board of Directors of Neuland Laboratories Limited has approved the appointment of Abhijit Majumdar, as the Chief Financial Officer (CFO) of the company.
Abhijit Majumdar is a Chartered Accountant and Cost Accountant. He brings over 30 years of experience across various organizations such as Asian Paints PPG, Berger Paints, Tata Steel, among others. His last role was with Deepak Fertilizers and Petrochemicals as EVP - Financial Planning and Controlling.
His area of expertise includes Finance, Accounting, Working Capital Management, Indirect and Direct Taxation, and Mergers and Acquisition.
In another development, the company has transferred the company’s property situated at Nanakramguda, Hyderabad, Telangana, measuring 1.75 lakh square feet by way of perpetual lease to various parties, for an overall consideration of Rs. 117.96 crore, subject to receipt of requisite approvals. The said transaction does not fall under the ambit of related party transactions.