CMD of Cotton Corporation of India (CCI)
Lalit Kumar Gupta has been approved as the new Chairman and Managing Director (CMD) of the Cotton Corporation of India (CCI) by the Appointments Committee of the Cabinet (ACC). CCI is a public sector undertaking under the Ministry of Textile. An order from the Department of Personnel & Training (DoPT) has been issued, stating that Gupta will assume the role of CMD of CCI with immediate effect, for a period of five years or until his superannuation, or until further orders, whichever comes first.
Gupta was suggested by the PESB panel for the position of CMD of CCI, and he currently holds the position of Director (Finnane) within the same organisation.
Gupta has earned his MBA in Marketing from the ITM Business School located in Navi Mumbai, and he is a Chartered Accountant (CA) certified by the Institute of Chartered Accountants of India (ICAI). He is also a member of the Institute of the Company Secretaries of India (ICSI). With significant experience in the Finance and related sectors, Gupta has a lengthy connection with the Cotton Corporation spanning approximately 25 years. He became a part of CCI in August 1994.
Important takeaways for all competitive exams:
Cotton Corporation of India Headquarters: Mumbai;
Cotton Corporation of India Founded: 1970.