17/10/2021

Tannochbrae

Built Business Tough

Amul MD RS Sodhi gets a 6-month extension

The Board of Directors of Gujarat Cooperative Milk Marketing and advertising Federation Ltd (GCMMF) has supplied an extension to Rupinder Singh Sodhi, the incumbent Controlling Director of the Amul marketer, for a interval of 6 months.

The selection was taken at the Board’s meeting held on Wednesday. BusinessLine experienced earlier noted that the GCMMF Board was in favour of extending Sodhi’s expression, instead than locating a successor immediately.

Resources verified that the Board of Directors has agreed on an extension for a interval of 6 months. Having said that, there is no affirmation if a lookup committee would be set-up, in the meantime, to obtain Sodhi’s successor.

“Considering the Covid-19 occasions and the forthcoming fiscal yr-ending, the board has made a decision to increase the expression of Mr Sodhi for now,” Shamalbhai Patel, Chairman, GCMMF, informed BusinessLine.

GCMMF markets Amul brand name of foods merchandise, like dairy merchandise, edible oil, bakery, sweet merchandise and all set-to-consume merchandise.

Just after using demand as the MD in 2010, Sodhi concluded his initially five-yr expression in 2015, which was extended by an additional five-yr expression, which finishes on December 31, 2020.

An IRMA alumnus, Sodhi has strengthened Amul’s placement in world-wide branded foods marketplace with its turnover shooting up by nearly 5 occasions from ₹8,005 crore in 2009-10 to ₹38,542 crore in 2019-20 and the team turnover of all 18 member dairy unions of Amul Federation for all merchandise place collectively has crossed ₹52,000 crore in 2020. Sodhi now eyes Amul Group turnover to contact ₹1-lakh crore by 2024-25.