Fevicol Maker Pidilite Names Amit Agarwal CFO-Designate
Pidilite Industries, the producer of Fevicol, has named Amit Agarwal as Chief Financial Officer-designate (CFO-designate) and Senior Management Personnel, starting October 9, 2026, as stated in a regulatory filing by the company.
The board granted approval for the appointment through a circular resolution on October 9, based on a suggestion from the Nomination and Remuneration Committee. The firm announced the appointment in accordance with Regulation 30 of the Securities and Exchange Board of India's Listing Obligations and Disclosure Requirements Regulations, 2015.
Agarwal has over 22 years of experience in finance roles, encompassing accounting, financial reporting, auditing, and controls. He has worked before with Pfizer Limited, Hindustan Unilever Limited, and Vedanta Resources Limited. He is a Certified Accountant, Cost Accountant, and Corporate Secretary.
Agarwal has a professional history that includes finance positions in pharmaceutical, consumer products, and resource companies.
His profile highlights experience in financial planning and analysis, collaboration with businesses, risk management, tax matters, mergers and acquisitions, as well as interaction with boards and audit committees.
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Agarwal has been the Executive Director – Finance and Chief Financial Officer at Pfizer Limited since February 2024, located in Mumbai. Prior to joining Pfizer, he worked for almost 18 years at Hindustan Unilever Limited, where he occupied various positions in finance.
His latest position at Hindustan Unilever was General Manager – Finance, Sales, and Customer Development, a role he occupied from July 2022 until January 2024. In that role, he oversaw finance and commercial operations that assisted sales and customer development teams in general trade, modern trade, e-commerce, business-to-business, and institutional sectors.
The position also required overseeing a team exceeding 60 individuals across five areas, with duties including trade and channel-spend effectiveness, customer profitability, credit policies, and commercial risk evaluation.
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The appointment positions Agarwal as CFO-designate in Pidilite's senior management. The company's regulatory statement does not indicate a specific date for his full assumption of the CFO position.
Pidilite's submission outlines his professional experience and qualifications, yet it does not reveal further information regarding the transition or the duties he will assume in the new role. The appointment occurs as a high-level finance executive with expertise in major consumer-oriented firms joins the adhesives and construction chemicals company. His past positions have encompassed financial reporting, commercial decision assistance, auditing, risk management, and control mechanisms.
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Pidilite Industries sells adhesives, sealants, construction chemicals, and various specialty products, with Fevicol being one of its well-known brands. The company's portfolio includes both consumer and industrial applications, rendering finance and commercial management significant across various business sectors. The filing on October 9 was submitted to the BSE and the National Stock Exchange of India by Manisha Shetty, Company Secretary, fulfilling the company's disclosure requirements.