Strengthening its leadership team, Yash Pakka, a known name in the sustainable packaging industry, has announced the appointment of CA Neetika Suryawanshi as the Finance head (chief financial officer) of the company. She will be responsible for cost efficiency, fund management, fund control, accounting, and regulatory and statutory compliance at the organization. The ex-banker aims to help make Yash Pakka more regulated and minimize working capital utilization, which will be a boost to investors as the company plans to more than double its revenue in the short term.
Neetika has around two decades of experience as a CA and has worked in critical roles at organizations such as IndusInd Bank, Deutsche Bank, HSBC and Bank of America. She then started her own firm, worked as a consultant for the manufacturing industry, and developed practices for better fund management and digital transformation for the credit value chain.
Driving long-term investments in a controlled manner will be the first big agenda for the new finance head. The company has enjoyed the support of investors, financial partners, and advisors so far, and her vision is to maximize profitability for all stakeholders. Another key focus, she says, is to ensure funds are not blocked in stocks and debtors. Moreover, as Yash Pakka is working on a project for a new paper type and more projects are underway, she aims to lay equal focus on plans and returns.
Neetika believes financial efficiency can be improved greatly with the help of digitization and automation and a reduction in the need for human interference therein. Understanding the linkage, she has taken charge of information systems. She plans to bring management information systems on a real-time basis as much as possible to fetch crucial numbers such as batch-wise costing, division of costs attributable to the product lines, etc. Likewise, she will oversee the secretarial and legal functions at Yash Pakka, as these are closely linked to finance.
The leadership of Yash Pakka is excited to bring Neetika on board. Ved Krishna, vice-chairman, Yash Pakka, said, “We are on the cusp of significant growth. Hence, we needed a strong finance head to strengthen systems and processes. We are glad to welcome Neetika to the leadership team. She has worked with us before, and we are excited to have her back to head the function and provide effective leadership. With her strong financial background, I am confident she will accelerate the organization’s growth.”
Suryawanshi said,” I am delighted to join the leadership team of Yash Pakka. It is an honor to work with an organization that is on a mission to build a better planet with its initiatives. I hope I will be able to use my expertise to help the organization spread its wings across and emerge as the business that makes an impact in every life it touches. Moreover, YPL has a focused, motivated & driven team that has been efficiently breaking records. A rare thing to see is the unanimity of the cause and the passion to make it happen. I look forward to contributing and solidifying the organization’s stance towards building a better future.”
Neetika’s stint at various banks and businesses has helped them gain adequate knowledge of both banking and financial services. With her experience in various industries and cross-border mergers and acquisitions, she can steer growth in the organization. At the helm of affairs, Neetika will be planning and analyzing the company’s financial strengths and weaknesses and proposing strategies for the organization’s growth.
Yash Pakka, founded in 1981 by KK Jhunjhunwala as Yash Papers, has transformed from a paper manufacturer to a sustainable and regenerative packaging solutions provider.