Changing of the Financial Guard: Anand Vora Passes the Baton at UPL to Bikash Prasad

Updated: May 12, 2025 13:39

Image Source: IndianCompanies.in

UPL Limited, a world leader in sustainable agriculture solutions, today announced a leadership change in its financial leadership. Anand Vora, who has been the Chief Financial Officer (CFO) since 2013, will be leaving his position as of May 31, 2025. The new Group CFO is Bikash Prasad, a strategic leadership change to ensure UPL's growth and financial resilience.

Anand Vora's Departure

Anand Vora, who joined as the CFO of UPL in August 2013, will retire on May 31, 2025.
Vora has more than 31 years of experience and has worked as a senior finance professional in reputed organizations like Bunge India, Dow Chemicals, Ranbaxy, and Piramal Group prior to joining UPL.
During his time at UPL, Vora was instrumental in the company's financial strategies, such as managing rights issues and corporate financial performance under difficult market conditions.

Appointment of Bikash Prasad as Group CFO

Bikash Prasad has been appointed as Group Chief Financial Officer of UPL with effect from the date of announcement until May 31, 2025.
Prasad has strong financial leadership experience in Food, Agriculture, and FMCG industries with a consistent record of business partnering, profitable turnarounds, and strategic financial management.
Before UPL, Prasad was President & CFO at Olam Agri, where he led corporate restructuring, private placements, and strategic partnerships to generate strong shareholder value creation.
He is Dubai-based and has experience in overseeing complicated financial operations across various geographies and industries.

Strategic Implications for UPL

The succession is occurring at a time when UPL is concentrating on consolidating its financial strength and maintaining growth in the international crop protection market.
UPL has just announced a 10% Q3 FY25 revenue growth and robust EBITDA margins, indicating a phase of recovery in the market. The company has also successfully raised a rights issue and raised considerable investments in its subsidiary, Advanta Enterprises Limited.

The new appointment of Bikash Prasad is likely to inject new ideas and utilize his corporate finance and strategic growth experience to aid UPL's goals in sustainable agriculture and international expansion.

Sources: MarketScreener, LinkedIn, UPL Limited

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