Paint manufacturer Shalimar Paints has announced the appointment of Ashok Gupta as its Managing Director. Gupta will also serve as the Vice-Chairman at APL Apollo Tubes Limited, where he was, until recently, working as the Managing Director.
In his new role as the Managing Director, Gupta is responsible for overseeing the overall operations of the brand while also framing successful growth strategies for the brand. He has already facilitated an impressive turnaround for the brand and led a successful rights issue worth Rs 200 crore. These funds, made available as working capital, have helped Shalimar Paints become EBITDA positive in the current financial year and register a year-on-year business growth of more than 30%.
With over three decades of rich experience, Gupta has held several leadership positions across leading organisations including SAIL, Jindal Industries, Surya Roshni among others. He holds a Masterâ€™s degree in Physics along with a PGDBA. He brings to the table, unparalleled expertise in channelising business transformation by carefully developing strategies that fit best in the interest of the company. He has a sharp financial and business acumen and is also a great team player.
As the Managing Director, Gupta will continue to propel the Shalimar Paintsâ€™ market outreach and bolster internal operations to further advance the brandâ€™s vision.