Best Agrolife Ltd, India’s leading agrochemical company, today announced the hiring of business transformation leader, Mr. Sanjeev Kharbanda, as Chief Financial Officer (CFO) to further strengthen and boost the company's financial operations and key long-term business strategies.
A finance professional and business transformative leader Mr. Sanjeev Kharbanda comes with extensive hands-on experience of over 28 years in management and business leadership.
Commenting on the appointment, Best Agrolife Ltd (BAL) founder and MD Mr Vimal Alawadhi said, "We are pleased to welcome Mr Sanjeev Kharbanda to our leadership team during an exciting time of growth for the company. Other than his deep knowledge about both Indian and international financial markets he also holds a stellar record of delivering tangible results and creating long-term, sustainable value. With his invaluable breadth of experience Mr Kharbanda will surely help in role in taking BAL to the new heights of success.”
Recognized among the Top Most Impactful CFO Leaders of 2022-23 by Transformance and a recipient of Top CFONext100 Award in 2017 and 2016 Mr Kharbanda was also awarded among top 20 Treasurers (T20) twice by CFO India Finance Forum in 2015 and 2016. A Post Graduate Diploma holder in Business Management (MBA) from IMT Ghaziabad Mr Kharbanda’s expertise lies in strategic planning, business operations & transformation, financial planning & analysis, and investors relationship & treasury management. His experience spans across finance, audit, tax, enterprise risk management, operations, supply chain, coordinating with the Board of Directors in strategic business planning and management, setting up organisational objectives (goal, strategy and action), including preparation of business plan.
Mr Kharbanda joins BAL from Aqualite Industries Private Limited, a footwear brand on a growth trajectory, where he managed the dual role of CFO and Business Co-Pilot for all strategic decisions or moves. He has also worked as General Manager - Corporate Finance with Mother Dairy Fruit & Vegetable Private Limited for more than a decade and at senior profile with other organisations across the sectors, broadly including FMCG and Telecommunication. As CFO, Mr Kharbanda will lead financial activities of the organisation including performance improvement, financial operations, investor sourcing, stakeholder management, and more. He will report directly to the MD of the company, Mr Vimal Alawadhi, and will be based out of the New Delhi office of BAL.
“I am excited to be joining BAL as CFO and to be exploring the industry of agrochemicals which is quite new for me. Over the past few years, BAL has grown remarkably and is swiftly climbing up the success ladder through new opportunities, under the leadership of highly professionalised and visionary Board Members. I look forward to working with the Board, team and collaborating with internal and external stakeholders on this next stage of development to accelerate the company's strategic growth and path to profitability,” said Mr Sanjeev Kharbanda, CFO of Best Agrolife Ltd.
Best Agrolife Limited is listed among the top 15 agrochemical companies in India. It is a research-based company focused on bringing world-class and cost-effective crop solutions in the form of novel agrochemical formulations to the agricultural industry for improving crop productivity. Currently, BAL has 7,000 MTPA and 30,000 MTPA technicals and formulation manufacturing capacity respectively through three of its manufacturing plants in Gajraula, Greater Noida, and Jammu & Kashmir.
BAL currently has more than 5200 distributors in India and it retains an impressive portfolio of 400+ formulations and more than 100+ technical manufacturing licences. A recipient of ‘Outstanding Innovation In Crop Solution’ award at PMFAI-SML Annual Agchem Awards 2023 BAL recently received a patent for the term of 20 years for its inhouse developed novel sugarcane herbicidal combination of Ametryn+2, 4-D+Halosulfuron methyl.
Weekly Startup Funding News Report For 25 October - 29 October 2024 (Latest Updates)
Weekly Funding Roundup - We compile a Weekly Startups Funding News Report summarizing all the startups that secured funding during the week. This report provides a consolidated list of newly funded ventures daywise.
Weekly Funding Roundup - We compile a weekly startups funding news report summarizing all the startups that secured funding during the week. This report provides a consolidated list of these newly funded ventures day-wise, offering a concise overview of the latest developments in the startup funding landscape. Get allIndian statups news at Viestoires.
Weekly Startups Funding News [25 October 2024 - 29 October 2024]
Althion Funding News - Althion has Secured Rs 3.6 crore in Pre-Series A Round Funding
Trisu Funding News - A pre-seed funding round, which was co-led by All In Capital, has secured an undisclosed quantity of investment for the vermeil jewelry brand Trisu.
GameEon Funding News - GameEon, a game development studio, has raised $1 million in its most recent funding round, which was co-led by SucSEED Indovation Fund, ICE VC, IAN, CD EQUIFINANCE, Nexus Global Opportunities Fund, Vivek Goel, Patni Family, Tal64.
Wundrsight Funding News - Wundrsight, a digital therapeutics startup, has secured $400K in its seed round, which was led by Inflection Point Ventures. Social Alpha, in conjunction with other angel investors, has also participated in the round.
Dharaksha Ecosolutions Funding News - Dharaksha Ecosolutions, a biotech-driven R&D start-up, has secured Rs 24.8 crore (approximately $2.95 million) in a Seed funding round sponsored by Avaana Capital.
Omnivore Funding News - Omnivore’s third fund, the Omnivore Agritech and Climate Sustainability Fund, received $5 million in investment from Proparco, a subsidiary of the Agence Française de Développement (AFD) Group.
Futwork Funding News - In its Series A round, which was led by the Michael & Susan Dell Foundation and included Artha Ventures, Simile Capital, and other investors, sales outreach platform Futwork has raised Rs 20.9 crore, about $2.5 million.
Centricity Funding News - In a seed round, Lightspeed and returning investors Burman Family Office and Shantanu Agarwal, among others, led the investment in wealth management startup Centricity, which raised $20 million at a valuation of $125 million.
11 September 2024 - Funding News
Zivy Funding News - Zivy, an AI tool that prioritizes workplace messages and duties, has secured $1.2 million in a pre-seed funding round co-led by Blume Ventures, Paradigm Shift Capital, iSeed, Everywhere Ventures, Indian Silicon Valley, and Marsshot Ventures.
Mitra Funding News - A strategic family office based in Dubai and Bestvantage Investments led the Pre-Series A fundraising round for D2C FMCG firm Mitra, which raised INR 11 Cr ($1.3 Mn).
InMobi Funding News - MARS Growth Capital, a joint venture between MUFG and Liquidity Group, has provided $100 million in debt financing to InMobi, a provider of mobile advertising network software.
Track3D Funding News - Track3D, an AI reality intelligence platform for the construction industry, announced that it had secured $4.3 million in seed funding. The funding was led by Endiya Partners, with participation from Shadow Ventures and Monta Vista Capital.
Flexiloans Funding News - In an equity funding round led by American not-for-profit fund Accion, US asset management firm Nuveen, and Nandan Nilekani-backed venture fund Fundamentum, Mumbai-based digital lending startup Flexiloans has secured Rs 290 crore (approximately $35 million).
10 September 2024 - Funding News
Crackle Technologies Funding News - Crackle Technologies, an adtech startup, has secured $1.7 million (approximately INR 14 crore) in a pre-seed funding round that was jointly headed by We Founder Circle and AC Ventures.
Nestasia Funding News - Nestasia, a lifestyle and home décor brand, secured $8.35 million in a new funding round from Susquehanna Asia VC, Stellaris Venture Partners, and angel investors.
Supersquad Funding News - Supersquad, a startup that specializes in creator monetization, has secured Rs 2.1 crore in a funding round that was spearheaded by WLDD. Nitin Rajput and Jivraj Singh Sachar, angel investors, also contributed to the round.
AppsForBharat Funding News - AppsForBharat, the parent company of the devotional app Sri Mandir, has secured $17.8 million in its Series B funding round, which was led by Fundamentum.
Arnya Real Estate Funding News - Arnya Realestates Fund Advisors, an alternative investment management firm, has successfully closed the first close of its Rs 1,000-crore maiden debt fund, raising Rs 375 crore.
9 September 2024 - Funding News
Transcell Biologics Funding News - Quantiphi and IAN Group, both of Boston, have invested an undisclosed sum in Transcell Biologics, a biotechnology company.
2 September 2024 Monday - Latest Funding News in India
Mintifi Funding News- Mintifi a B2B digital lending startup, is reportedly in discussions to secure $100 million in a new funding round.
Clean Electric Funding News - Clean Electric, an energy storage solutions startup, has secured Rs 48.5 crore (approximately $6 million) in funding from both new and existing investors.
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