Abbott India Limited Approved the appointment of Mr. Sridhar Kadangode (DIN: 06715478) as an Additional Director of the Company and as the Whole Time Director of the Company for a period of 2 (two) years with effect from November 7, 2024. Sridhar has overall 25 years of diversified experience in Finance and other functions and joined Abbott in 2014. Prior to being promoted as Group Finance Director and Chief Financial Officer of the Company in July 2023, Sridhar was the Director - Finance of the Company responsible for finance, demand planning and business compliance function.
Under his leadership, the Company recorded a strong financial performance through the pandemic, both in topline and bottom line and continued to focus on future growth. He has also redesigned the 5-year strategic financial plan for the Company. He drove a leveraged PL for the Company which resulted in Topline growing higher than market and a significantly improved bottom line for 2023-24.
Sridhar started his career with Abbott as Director Finance, ANI and was part of the Core Management Team which evolved the Path to Profitability for the Nutrition business for South Asia which included achieving significant improvement in bottom line. He has led some of the key business projects linked to business response during Demonetization, Distributor Optimization and Cost Leadership Initiatives. Sridhar started his professional journey with Britannia Industries and then moved to Group Danone where he handled multiple assignments overseas (Singapore, US, Malaysia, South Africa) before relocating back to India in 2011 and in these companies, he was responsible for Finance, Supply Chain and Procurement functions.
His key accomplishments with Danone include Reorganization of Business Model, Implementation of Supply Chain efficiency projects and transformation of Finance function into a key business partner in driving the business. Sridhar is a qualified Chartered Accountant from Institute of Chartered Accountants of India and Cost Accountant from Institute of Cost Accountants of India.
