Hot Pursuit     19-Aug-23
Navin Fluorine appoints Rajendra Sahu as CEO-designate of CDMO biz
Navin Fluorine International informed that Rajendra Sahu has been promoted to ‘chief executive officer- designate' (CEO-designate) of CDMO business with effect from 1 October 2023.
Sahu has been with the company since April 2020 and is currently the president – operations of CDMO business.

He has over 26 years of experience working with companies like Dr. Reddy's, Glenmark, Ranbaxy, Sun Pharmaceutical and PI Industries, handling diverse set of roles spanning across projects, process engineering, technology transfer, production and business development.

Rajendra Sahu holds a Bachelor's degree in Chemical Engineering from NIT, Rourkela, Six Sigma certification from IIT Delhi and certification course on strategic management from IIM, Ahmedabad.

Navin Fluorine International (NFIL) is a part of Padmanabh Mafatlal Group and is engaged in the manufacturing of fluorinated specialty chemicals. NFIL operates in four major business segments, viz. refrigerant gases, inorganic fluorides, specialty chemicals and RAMS.

The company had reported 17.4% decline in consolidated net profit to Rs 61.53 crore despite of 23.6% rise in net sales to Rs 491.15 crore in Q1 FY24 over Q1 FY23.

The scrip closed 0.51% lower at Rs 4,412.55 on Friday, 18 August on the BSE.

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