hemant kumar ruia

Telecom tower company Indus Towers has appointed Hemant Kumar Ruia as its chief financial officer. Before Indus, Ruia was CFO at Reliance Retail for about a year, before which he was VP and CFO of finance, IS and legal at Agro Tech Foods for over 7.5 years. He has also worked with Reckitt Benckiser India for over a year as financial controller, in finance and procurement at ICI India for 10 years and at Larsen and Toubro for 4 years in accounts and finance.

Ruia is also a chartered accountant, a chartered financial analyst and a cost accountant with experience in business partnering, finance, treasury, accounts, budgeting etc., with specialisations in accounting, finance, procurement, processes, automated controls etc. according to his LinkedIn profile.

CEO appointment: Last week, Indus Towers appointed Bimal Dayal as its CEO. Dayal was previously the chief operating officer at the company for over 6 years and succeeds BS Shantharaju, the CEO who retired last month. The company’s press statement added that Dayal has experience of over 28 years in companies like Ericsson (where he worked for almost 5 years), Qualcomm and Tata Telecom.

Ludhiana mobile towers: Last month, the Ludhiana Municipal Corporation sealed and cut power connections of 16 mobile towers belonging to VIOM and Indus Towers, 8 each. Previously, it had sealed 32 towers claiming that dues of Rs 5 crore were pending. The corporation said that it had a record of 300 towers in the region, while over 700 towers had been installed in the corporation limits. It is now working on developing a database to regularise the tower system.

Recent exits from Indus:

– In October 2015, Snapdeal appointed Ashish Jain as SVP of investor relations and M&A (mergers & acquisitions) integrations. Jain worked as the business manager of CEO’s office at Indus Towers for over 1.5 years.

– In July 2015, Tata Teleservices appointed Anuraag Srivastava as its chief financial officer. Srivastava joined from Indus Towers where he was the senior VP of internal audit and assurance for a year.