Sumit Jain has been appointed President of Finance by Parag Milk Foods

The appointment of Sumit Jain as President of Finance was announced by Parag Milk Foods Limited on Tuesday. Sumit Jain brings a plethora of experience to the firm and has a successful track record and a history in financial management, the company stated in a statement. Sumit Jain, a chartered accountant, placed eighth overall in 2012 and twenty-second overall in 2013 for cost accounting. The Institute of Chartered Accountants of India twice named him among the top 40 CAs in India under the age of 40.

He gained essential expertise overseeing financial strategies for over 30 luxury brands, such as Armani, Jimmy Choo, Coach, Balenciaga, Michael Kors, and Bottega Veneta, in his former position as Head of Finance at Reliance Luxury Lifestyles (Reliance Brands). Additionally, he has collaborated with Britannia, Bauli India Bakes, and Parle Agro.

Sumit Jain will be instrumental in propelling the business to unprecedented levels of financial success in his new position. The company’s financial strategy will be shaped by his strategic vision and demonstrated leadership talents, which will also ensure sustainable development.

“We are happy to welcome Mr. Sumit Jain to our team as President of Finance,” stated Chairperson Devendra Shah. His outstanding performance history and financial management know-how will be crucial in helping our business reach its strategic objectives. We are eager to collaborate with Mr. Jain in order to reach new benchmarks and propel Parag Milk Foods’ success moving ahead.

“I am honored to be part of the journey with Parag Milk Foods and excited to contribute to its financial success,” Sumit Jain said, expressing his excitement about joining the company. I’m excited to work with the accomplished group at Parag Milk Foods and use our combined skills to accomplish our goals.