iconiifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Ami Organics appoints Bhavin Shah as Chief Financial Officer; Stocks surges over 1%

23 May 2022 , 11:05 AM

Ami Organics Limited has announced the appointment of Bhavin N. Shah as Chief Financial Officer of Company, effective June 01, 2022. Bhavin will take charge from serving CFO Abhishek Patel who will move on to take over his family business after a tenure of 4 years at AMI Organics. Bhavin N. Shah joined AMI Organics in March 2022 as Deputy Chief Financial Officer.

Bhavin, a qualified Chartered Accountant, brings more than 18 years of expertise in consulting, corporate accounts, and finance. Prior to joining AMI Organics, Bhavin was the Deputy General Manager in Sun Pharma Advanced Research Co. Ltd. (SPARC) where he was responsible for leading Accounts, Finance, Taxation, Banking Relations, and Fundraising. He has also led the finance team at Unimark Remedies and worked as a consultant with Deloitte Haskins & Sells.

Commenting on the development, Mr. Naresh Patel, Executive Chairman & Managing Director, Ami Organics Limited, said: “For the last four years, Abhishek has been an integral part of AMI Organics and was responsible for effectively leading the finance function with his acumen and expertise. On behalf of the board, I thank him for his invaluable contribution to the organisation and wish him all the success in his next assignment.

I would also like to congratulate and welcome Bhavin as he steps up in the role of Chief Financial Officer. Bhavin who recently came on board as a Deputy Chief Financial Officer, brings rich experience across various finance functions. I am sure he will add value to the organisation and help spearhead growth in the coming years.”

Commenting on the development, Abhishek Patel, said: “I would like to express my gratitude to Naresh Patel for the trust he has shown in my capabilities and in allowing me to independently lead the finance function for AMI Organics. It has been an honour to work under his leadership and he has been a source of tremendous learning and motivation.”

Commenting on his appointment, Bhavin Shah, said: “I am extremely humbled to step up in the role of the CFO and lead the function under the guidance of Naresh Patel. He and Abhishek Patel have built a strong team at AMI and I am excited at the opportunity to add value as we remain steadfast in our mission to grow the organisation from strength to strength.”

At around 10:48 AM, Ami Organics was trading at Rs948.95 apiece down by Rs10.7 or 1.11% on the BSE.

Related Tags

  • Ami Organics
  • Ami Organics shares
  • Ami Organics stocks
  • appointment
  • board of directors
  • business update
  • CFO
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

4 Mar 2024   |   09:10 AM
4 Mar 2024   |   08:43 AM
4 Mar 2024   |   08:40 AM
3 Mar 2024   |   12:26 PM
Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.