Priyadarsi Bastia is new CFO at Pricol
Bastia has 22 years experience in corporate finance, accounting, taxation, treasury, product costing, budgeting, pricing, process controls and improvements, cost optimization.
Pricol has announced the appointment of Priyadarsi Bastia as its new Chief Financial Officer (CFO) in place of PKrishnamoorthy who has tendered his resignation.
The company in a regulatory filing informed that Bastia, aged 44 years comes with an overall experience of 22 years across corporate finance, accounting, taxation, treasury, product costing, budgeting, pricing, process controls and improvements, cost optimization, investment evaluations, amongst others. He is a qualified Chartered Accountant and currently works as a General Manager (finance) in the company. Prior to this he was associated with Murugappa Group, KPMG and Sastri & Shah.
Coimbatore based Pricol is a supplier of diversified auto components like instrument clusters, sensors & switches, pumps and mechanical products, telematics solutions and wiping systems amongst others.
Pricol, had in February entered into a strategic technology partnership with Sibros for developing deep connected vehicle solutions for the Indian and ASEAN markets. "The cloud-based platform of Sibros, combined with the next generation products of Pricol, will enable features such as OTA software and firmware updates, vehicle data insights for analytics, diagnostics and troubleshooting for the OEMs to make the best use of the connected solutions' the company said in an investor presentation. The company's total income stood at Rs 1483.37 crore in FY22 as against Rs 1397.81 crore in FY21.
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