logo
SRF board appoints Ashish Bharat Ram as chairman & MD for 5-year term

SRF board appoints Ashish Bharat Ram as chairman & MD for 5-year term

Business Standard14 hours ago
SRF informed that its board has approved the appointment Ashish Bharat Ram as chairman & managing director (MD) of the company for a term commencing from 23 May 2025 till 31 March 2030.
Ashish Bharat Ram (56) took over as the Managing Director of SRF in January 2007. He has done his schooling from Doon School and holds a degree in Economics from Delhi University and earned an MBA from The Johnson Graduate School of Management, Cornell University.
Ashish has more than three decades of working experience in senior positions including in the Companys International subsidiaries. He is also serving on the Board of the listed Companies like KAMA Holdings, Havells India and Bharat Forge.
SRF principal activities of the company are manufacturing, purchase and sale of technical textiles, chemicals, packaging films and other polymers.
The companys consolidated net profit jumped 24.6% to Rs 526.06 crore on 20.2% rise in revenue from operations to Rs 4,215.17 crore in Q4 FY25 over Q4 FY24.
Shares of SRF rose 0.68% to Rs 3,254.95 on the BSE.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘Composite' move helps UP earn Rs 14,229 crore excise duty in first quarter; 21% more than last yr
‘Composite' move helps UP earn Rs 14,229 crore excise duty in first quarter; 21% more than last yr

Time of India

time40 minutes ago

  • Time of India

‘Composite' move helps UP earn Rs 14,229 crore excise duty in first quarter; 21% more than last yr

Lucknow: The strategic move by the excise department to increase the density of retail English liquor and beer vends has resulted in a 21% increase in the excise duty collected through the sale of alcoholic beverages in Uttar Pradesh in the first quarter of the 2025-26 as compared to last year. The department managed to rake in Rs 14,229 crore this time, while during the April-May-June period last year, the state coffers were strengthened by Rs 11,784 crore. In another achievement, the retail liquor trade in June saw revenue increase by 30%, with collections rising from Rs 3,431 crore in June 2024 to Rs 4,458 crore. Excise minister Nitin Agarwal said, "For the first time, the department has been able to achieve the target set by the state govt. It has been possible because of regular monitoring and team efforts." The department achieved 99% of the target set by the state govt in the first quarter. "We have witnessed the highest single-month growth in June. An increase of 30% in a month is unprecedented. The scenario shows the increasing efficiency, transparency, and trust the excise department has managed to generate among the stakeholders," said excise commissioner Adarsh Singh. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 60년 묵은 혈관 찌꺼기 ,,, '이것." 하나면 다른건 하지 않아도 됩니다! 면역력 Rg3의 비결 더 알아보기 Undo The merger of beer and foreign liquor outlets into composite shops was a strategic move that increased retail density and consumer convenience without increasing the total number of outlets in the state. Moreover, focused initiatives to promote investments and exports, faster clearances, enabling policies for premium and export-oriented units, and facilitation for new entrants in the manufacturing and bottling ecosystem have led to the availability of an increased number of brands in UP.

743 & counting: Locals warm up to UP's homestay policy
743 & counting: Locals warm up to UP's homestay policy

Time of India

time40 minutes ago

  • Time of India

743 & counting: Locals warm up to UP's homestay policy

Lucknow: Data from the state tourism department recorded a surge in the number of people willing to start homestays. Under the newly launched Bed & Breakfast and Homestay Policy 2025, over 743 homestays and 30 agro-farm stays were already registered across the state. The policy, introduced by the Uttar Pradesh govt earlier this month, aims to offer tourists affordable, safe, and culturally rich accommodations while unlocking new income opportunities for local residents. Reacting to the response, tourism and culture minister Jaiveer Singh said: "When a tourist comes to explore a destination, the experience of living with local people, eating their food, speaking their dialect, and understanding their way of life enhances tourism far beyond traditional sightseeing. Homestays and farm stays in many ways ascertain that this goal is achieved." Describing the trend as 'heartening', principal secretary, tourism and culture Mukesh Meshram said: "The number speaks for the tourism sector's potential to create jobs." Sharing that the growth was especially strong in key destinations like Agra, Mathura, Vrindavan, and Prayagraj, he added: "The policy-led development in the area will also diversify UP's accommodation landscape besides raising service quality standards across the board." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 60년 묵은 혈관 찌꺼기 ,,, '이것." 하나면 다른건 하지 않아도 됩니다! 면역력 Rg3의 비결 더 알아보기 Undo It may be noted that as per the policy, only homeowners can apply for non-commercial establishments, and hotels or guest houses have been excluded. One can offer up to six rooms or two-thirds of their residential property to tourists. A five-member committee led by the district nagistrate in each district oversees the registration process, inspections, and subsidy recommendations. To further support registered homestays, the state govt is offering financial reimbursements up to Rs 1 lakh for participation in national tourism events and Rs 3 lakh for international travel fairs and roadshows. This support is intended to help small, local operators reach wider markets and build sustainable tourism businesses.

Rs 94000000000 deal: Big competition in paint industry after Mukesh Ambani..., this company bought...
Rs 94000000000 deal: Big competition in paint industry after Mukesh Ambani..., this company bought...

India.com

time40 minutes ago

  • India.com

Rs 94000000000 deal: Big competition in paint industry after Mukesh Ambani..., this company bought...

Rs 94000000000 deal: Big competition in paint industry after Mukesh Ambani…, this company bought... In a major development, paint manufacturing company JSW Paints is set to emerge as a major player in India, as the company has recently cracked a major deal. It has decided to buy a 74.7 percent stake in the India unit of Akzo Nobel. The Rs 9,403.22 crore deal will make JSW Paints the fourth-largest company in India's Rs 90,000 crore paint market. Notably, Akzo Nobel operated its business in India under the 'Dulux' brand. The paint market in India is very competitive, and following this major deal, a proposal will also be presented to acquire a 26 percent stake from the small shareholders of the company. The open offer's price will be decided by the market regulator SEBI. Why Is It Termed As The Company's Biggest Acquisition? According to a report by the Economic Times, on May 26, JSW Paints decided to buy Akzo Nobel for a whopping amount of USD 1 billion. Notably, this is JSW's biggest acquisition deal to date. What Does The Agreement Say? According to the agreement, Akzo Nobel with the help of two promoter companies, is going to share its stake. Out of two promoter companies, one is Imperial Chemical Industries Ltd, which holds a 50.46% stake in Akzo. The second promoter company is Akzo Nobel Coatings International B,V which has a 24.30% stake and is considered a holding/promoter company. Which Companies Were Left Behind? Parth Jindal, head of the paint company, won the bids from a group including Indigo Paints and Advent International, as well as adhesive manufacturer Pidilite Industries. Sharing his views on the deal, he stated that acquiring the stakes of Akzo Nobel India is an opportunity for him and the company has a strong holding in the cities. 'There is no option… I have to give my all for Akzo Nobel India.' Akzo Nobel India's Dulux paints operate in the luxury and ultra-premium segment. They have a good hold in cities. This deal will greatly benefit JSW Paints in both brand name and market reach,' Parth said. Which Company's Stake Did Mukesh Ambani Sell? Mukesh Ambani has sold his 500 crore rupee stake in Asian Paints, realising a 2200% profit after 17 years of investment. He has thus divested himself of the paint industry.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store