Parag Milk Foods, a manufacturer and marketer of dairy-FMCG products, appointed Sumit Jain as President of Finance.
With an extensive background in financial management and a track record of success, Jain brings a wealth of expertise to the organisation.
A Chartered Accountant, Jain achieved an All India Rank of 18 in 2012 and an All India Rank of 22 in Cost Accountancy in 2013. He was twice recognized as one of India’s top 40 CA’s under the age of 40 by the Institute of Chartered Accountants of India.
Jain’s previous role as Head of Finance at Reliance Luxury Lifestyles (Reliance Brands) provided invaluable experience in leading financial strategies for over 30 luxury brands, including Armani, Jimmy Choo, Coach, Balenciaga, Michael Kors and Bottega Veneta. He has also worked with Parle Agro, Britannia and Bauli India Bakes.
In his new role, Jain will play a key role in driving the company towards new heights of financial success. His strategic vision and proven leadership capabilities will be pivotal in shaping the company’s financial strategies and ensuring sustainable growth.
Commenting on the appointment, Devendra Shah said, “We are pleased to welcome Mr. Sumit Jain to our team as President of Finance. His exceptional track record and expertise in financial management will be instrumental in guiding our company towards achieving our strategic goals. We look forward to working together with Mr. Jain to accomplish new milestones and drive continued success for Parag Milk Foods.”
Jain expressed his enthusiasm for joining Parag Milk Foods, stating, “I am honored to be part of the journey with Parag Milk Foods and excited to contribute to its financial success. I look forward to collaborating with the talented team at Parag Milk Foods and leveraging our collective strengths to achieve our objectives.”
