Wednesday, August 24, 2022

SJS Ltd Appoints Mahendra Naredi As New Chief Financial Officer

SJS Enterprises Limited, a leading player in India’s decorative aesthetics industry, announced the appointment of Mr. Mahendra Naredi as Chief Financial Officer (CFO).

Mahendra comes with 20 years of experience in financial management, key accounting, financial analysis, planning and forecasting, fund-raising, M&As, tax, secretarial, legal, compliances, corporate governance, and strategy. Before joining SJS Enterprises, he has held various positions, such as Chief Financial Officer & Company Secretary - Minda Vast Access Systems Private Limited, Chief Financial Officer for Spark Minda (European Companies), Controller in GE & Manufacturing Finance Head in GE & Wipro. His last position was Associate Vice President – Corporate Finance at Minda Corporation Ltd (IN). During his stint at Spark Minda group, Mahendra was actively involved in finalization of TLAs and Mergers & Acquisitions. He has overseen more than 5 M&A transactions to meet the inorganic growth objectives.

Welcoming Mahendra on board, Mr. Sanjay Thapar, Executive Director & CEO, SJS Enterprises Limited, said, “We are delighted to have Mahendra as part of our management team. He is an experienced and talented finance professional with a brilliant track record. He comes with substantial background and understanding of the auto ancillary sector and has remarkable capability to manage the finance function to ensure the best outcomes. We are confident that his expertise and experience will be strong assets to SJS as we continue to execute our strategy and deliver strong financial performance."

Commenting on his new role, Mr. Mahendra Naredi said, “I strongly believe that SJS has tremendous potential in the decorative aesthetics space today. I am honoured and overwhelmed to be part of this dynamic company and am looking forward to working closely with the entire team in realising the company’s vision and mission. My primary focus is to grow the company to a strong position in the market and to model the desired changes for future growth and expansion.”

As the newly-appointed CFO, Mahendra will provide financial and strategic leadership to help accelerate SJS’s business momentum and deliver profitable growth. He will be responsible for finance & accounts, fund-raising, purchases, investor relations and liaisoning with investors and bankers.

About SJS Enterprises

SJS is one of the leading players in the Indian decorative aesthetics industry, which has one of the widest range of products with a presence across traditional and premium products. The Company deals in 11 product categories like decals & body graphics, 3D luxe and dome logos, aluminium badges, 2D & 3D dials, chrome-plated parts, overlays, In-moulding Labelling/ Decoration parts, optical plastics, and lens mask assembly. These products primarily serve two-wheelers (2W), passenger vehicles (PV), and large consumer durables (CD) industries along with commercial vehicles (CV), medical devices, farm equipment, and sanitary ware segments. SJS has a strong manufacturing footprint with 2 facilities in Bengaluru and Pune, and global distribution capabilities exporting to 22 countries.

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