Bharat Electronics appoints Damodar S Bhattad as Chief Financial Officer

30 Jan 2023 , 12:32 PM

Bharat Electronics Limited has appointed Damodar S Bhattad, Director (Finance) as Chief Financial Officer (CFO) (KMP) w.e.f January 28, 2023.

Damodar Bhattad S has taken charge as the Director (Finance) of Navratna Defence PSU Bharat Electronics Limited (BEL) with effect from January 11, 2023. He was working as General Manager (Finance) at BEL’ s Corporate Office prior to his elevation.

As per the regulatory filing, Damodar Bhattad is a Chartered Accountant, who had secured All India Rank in ICAI final examination. He joined BEL as Accounts Officer at its Chennai Unit in 1988 and in a career spanning over 34 years, served the company in various roles and capacities.

As Head of Finance at BEL Corporate Office, he played a significant role in the formulation of various company policies and procedures. 

He also played a pivotal role in BEL recording its highest ever turnover of Rs 15,044 crore in FY22 and achieving an order book of more than Rs 50,000 crore, the company informed.

At around 12:19 PM, Bharat Electronics was trading at Rs88.15 per share lower by 6.52% on the BSE.

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