Mukesh Ambani’s Rs 240,000 crore company appoints new CEO
By Rahul | Published | No Comments
Mukesh Ambani’s Jio Financial Services has appointed a new CEO and MD in the name of Hitesh Kumar Sethia after approval from the Union Ministry of Corporate Affairs.
Mukesh Ambani’s company has a market cap of Rs 240,000 crore as of April 30 after its listing in August 2023. dna,
Sethia’s appointment became effective from 15 November 2023. According to JFS’s regulatory filing, it is valid for three years.
The board of directors of Reliance Industries had appointed Sethia as MD and CEO of its Reliance Strategic Investments Limited (RSIL) in July last year. Now its name has been changed to Jio Financial Services.
With over 20 years of experience, he is a certified Chartered Accountant (CA) and financial services executive.
Sethia is a Harvard alumnus and spent most of his career at ICICI Bank. He completed the Advanced Management Program from Harvard Business School Executive Education. In addition, he has worked throughout Europe, Asia (India and Greater China), and North America.
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