Bharti Airtel has appointed Badal Bagri as its new Chief Financial Officer (CFO) for its India & South Asia operations. Bagri will assume his new role at Airtel from January 16 and will lead the company’s finance team across India, Sri Lanka and Bangladesh. He will report to Nilanjan Roy, Global Chief Financial Officer at Bharti Airtel.
Bagri has more than 22 years of work experience across several industry domains including telecom, FMCG, manufacturing among others. Prior to Airtel, he worked as CFO at Micromax for over 2 years. This will be Badal’s second stint with Airtel. He had previously worked with Airtel from 2010 to 2014 as the Chief Controller for Consumer Business as well as the Global Financial Controller. He also worked with companies including Genpact, and General Electric throughout his career.
Note that Bagri’s appointment at Airtel comes after its merger deal with Bangladesh’s Robi Axiata received regulatory and legal approvals in November. Robi Axiata holds a 68.7% stake in the merged company, while Airtel holds 25%; the remaining 6.5% stake will be owned by NTT Docomo.
Airtel’s recent appointments
In the past two months, Airtel had been also been stepping up hold in its Africa operations. In November, Airtel acquired the disputed 5% stake held by Africa’s Econet Wireless taking its overall stake in Airtel Nigeria up to 83.25%.
Following the stake purchase, the company promoted Raghunath Mandava, Chief Operating Officer (COO) of Airtel’s Africa operations as the Managing Director and Chief Executive Officer (CEO) of Airtel Africa. In this month, Airtel had also appointed Telenor’s Rajeev Sethi as the Chief Commercial Officer for its Africa operations.