Board level appointments in Balmer Lawrie

Balmer Lawrie& Co, a Mini Ratna Category-I PSE under the Ministry of Petroleum and Natural Gas, has announced important leadership changes at the Board level. Prabal Basu has taken over as chairman & managing director (C&MD) of Balmer Lawrie & Cowith effect from August 1, 2015. He succeeds VirenSinha. Prior to his appointment as C&MD, Basu was Director [Finance], overseeing the Finance and IT functions of the Manufacturing and Service Businesses of the company. He is one of the youngest C&MDs in the history of BalmerLawrie. A qualified chartered accountant (ACA), a qualified company secretary (ACS) and a qualified cost & management accountant (ACMA), Basu joined BalmerLawrie in April 1988 and has around 29 years of experience in Accounts & Finance, Information Technology, ERP Implementation and General Management, of which two years were outside BalmerLawrie. During his tenure at BalmerLawrie, he has played a significant role in charting out long term growth drivers for the businesses and has successfully contributed to the strategic investment decisions leading to the company’s profit and growth. Kalyan Swaminathan has taken over as director (Service Business) of Balmer Lawrie with effect from August 1, 2015 and will oversee the Travel & Vacations and Logistics businesses of the Company. Prior to his elevation to the Board Swaminathan was leading the logistics infrastructure business of the company as chief operating officer. A qualified Cost and Management Accountant (ACMA) and a qualified Company Secretary (ACS), Swaminathan has a working experience of 32 years, during which he has successfully contributed to the areas of accounts and finance.