ICRA appoints Venkatesh Viswanathan as CFO

30 Aug 2022 , 10:18 AM

The company has designated Viswanathan as the chief investor relations officer of the company. Further, the company said that Amit Kumar Gupta, the chief financial officer of the company, appointed for an interim period, has stepped down as chief financial officer. He will continue to hold his current key managerial position of general counsel of the company. Venkatesh Viswanathan has over two decades of experience in finance, accounts, audit, taxation, financial risks and controls, treasury, and internal audit. Prior to joining ICRA, he worked with CRISIL as the CFO for the Ratings business and Senior Director – Group Finance. His previous stints were with IT Nation (India) and the National Stock Exchange of India. In the past, he has worked on enabling successful regulatory transitions, mergers, acquisitions, hive-offs, financial due diligences, tax structuring, and cost management. He has also led finance teams in various automation initiatives to work towards sustainable business growth. In January this year, Vipul Agarwal, ICRAs former CFO, had resigned from his postion in the company to pursue external career opportunities. Following this, the board of ICRA had approved the appointment of Amit Kumar Gupta as a chief financial officer of the company for an interim period. ICRA (formerly Investment Information and Credit Rating Agency of India) was set up in 1991 by leading financial/investment institutions, commercial banks and financial services companies as an independent and professional investment information and credit rating agency. The ultimate parent company of international Credit Rating Agency Moodys Investors Service is the indirect largest shareholder of ICRA. On a consolidated basis, the companys operating income increased by 15.8% to Rs. 92.5 crore in Q1 FY23 over Q1 FY22. Consolidated PAT, however, declined by 11.1% YoY to Rs 21.6 crore during the period under review. The scrip rose 0.81% to currently trade at Rs 3737.10 on the BSE. On a year-to-date (YTD) basis, the stock has gained 10.86% while the benchmark Sensex has added 0.36% during the same period. Powered by Capital Market – Live News