Lux Industries Limited, one of India's largest hosiery producer and exporter has announced appointment of Mr. Udai Kumar Agarwal as Chief Operating Officer of the Company with effect from November 14, 2022.
Brief profile of Mr. Udai Kumar Agarwal
Mr. Udai Kumar Agarwal, a member of Institute of Chartered Accountants of India & Institute of Cost & Management Accountants of India, has extensive experience of 32 years with more than 13 years in Textile Manufacturing Industry.
He has expertise in Strategic planning, Setting up of Projects, Business Development and Business Process Improvement. His success stories include, setting up of Green Field Apparel Project, launching of leggings brand 'TSG BREEZE' which became popular in India as well as in other countries.
He has represented many global companies having recognition worldwide such as Creora, PT. Primayudha Madirijaya, PT. Pabrik Kertas, Bierrebi, MHM, Brother, Kansai, Shanggong, Pindarus, Hemway & Unitech, etc.
Commenting on the appointment of Mr. Udai Kumar Agarwal, Mr. Pradip Kumar Todi, Managing Director said, "On behalf of the Board of Lux, I welcome Mr. Agarwal, an accomplished professional, as part of our leadership team. As the Chief Operating Officer, he will bring a renewed direction to the Company's operations. He has more than 13 years of relevant industry experience spanning from Business Development to Business Process Improvement. He has a strong track record of leading businesses, setting up of Green Field Apparel Project, launching new innovative products.
In his new role, Mr. Agarwal will be responsible for the business operations and will work closely with the Leadership team at Lux to implement the strategic vision and values of our Organization and will report to Chairman and Managing Director. This will further strengthen working of cross functional teams and its core business operations."
Shares of Lux Industries Limited was last trading in BSE at Rs. 1698.55 as compared to the previous close of Rs. 1692.40. The total number of shares traded during the day was 2037 in over 414 trades.
The stock hit an intraday high of Rs. 1708.50 and intraday low of 1689.80. The net turnover during the day was Rs. 3459529.00.