Reliance names V Srikanth as new CFO, Alok Agarwal appointed as Senior Advisor-to Chairman

Reliance Industries on Friday announced that it has appointment of Venkatachari Srikanth, 56, as its new Chief Financial Officer (CFO), from 1 June, 2023.

The company said current CFO Alok Agarwal, will move to the new role as Senior Advisor to the Chairman and Managing Director of Reliance Industries from 1 June, 2023.

RIL's CFO Alok Agarwal has completed 30 years with the company. He was appointed as CFO in 2005.

Reliance Industries' board of directors in a meeting held on 24 March,2023, on the recommendation of the Human Resources, Nomination and Remuneration Committee appointed Srikanth Venkatachari as CFO. 

He has been sharing a part of the responsibilities of the CFO position with Alok Agarwal since 2011. Srikanth has been with RIL for the last 14 years.

RIL posted a consolidated net profit of ₹15,792 crore for the quarter ended 31 December, 2022 (Q3FY23). 

This is 14.8% lower from ₹18,549 crore reported in the year-ago period. The oil-retail-telecom conglomerate's revenue from operations rose 15% to ₹2.20 lakh crore for the reporting quarter as compared to ₹1.91 lakh crore in the same period last