Last checked at 21 Jan 2010 11:16
The following amendment has been made to the 'Appointment of Chief Financial Officer' announcement released on 20 January 2010 at 13:13 under RNS No 8560F:
In the first paragraph Mars Enterprises Pvt. Limited should have read Mars Restaurants Pvt. Limited.
All other details remain unchanged.
The full amended text is shown below.
India Hospitality Corp.
Appointment of Chief Financial Officer
India Hospitality Corp. ("IHC" or the "Company") announces the appointment of Rajesh Mittal as Chief Financial Officer with immediate effect. Mr. Mittal will oversee the Finance, IT, Business Planning and Company Secretarial functions. His role will take in all of IHC's subsidiaries in India including Sky Gourmet Pvt. Limited and Mars Restaurants Pvt. Limited.
Mr. Mittal brings with him 22 years of experience in a number of sectors including manufacturing, servicing, retail and online. Throughout his career, Rajesh has held several critical positions in the field of corporate finance, treasury management, business planning, accounting and controls, auditing and company secretarial.
Rajesh joins the Company from Oxigen Services India P Ltd, a company wherein Microsoft is one of the principle shareholders. Oxigen is a leader in the area of electronic distribution of products and services. As part of the founding management team and as its Group CFO he led the company from its inception to a pan-India network of 75,000 retail points. Prior to this Rajesh held several senior finance positions in Integrated Technology Solutions Pvt. Ltd., Essar-Hutchison (Vodafone), Agrani Convergence, DCM Benetton and HMT Limited amongst others.
Rajesh is a chartered accountant and a qualified company secretary and graduated with a degree in commerce from Rajasthan University.
IHC CEO, Ravi Deol, commented, "We are pleased to have Rajesh on board to lead this critical function and are confident that his vast experience will strengthen our financial controls in this growth phase."
For further information contact:
India Hospitality Corp.
Raghavendra Agarwal
ragarwal@ihcor.com
www.indiahospitalitycorp.com
Nominated Adviser: Grant Thornton Corporate Finance
Fiona Kindness / Robert Beenstock
+44 20 7383 5100
Broker: Noble & Company Limited
James Bromhead / Sunil Sanikop
+44 20 7763 2200
Media Contact: Mutual Public Relations Ltd.
Harsh Wardhan
+91 11 4362 0700
Investor Relations: Sand Hill RP
Michael Tew
mtew@sandhillrp.com
+1 (212) 445 7838