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HIL Ltd (BSE:509675, NSE: HIL), a leading building materials solutions company, announced today the  appointment of Mr. Akshat Seth as its Managing Director and Chief Executive   Officer, effective February 1, 2023 (subject to regulatory approvals).

Akshat joins HIL from CK Birla Healthcare where he was a member of the founding team and served as CEO.

Akshat will develop and implement a strategy focusing on strengthening the product portfolio  and expanding revenue base and profitability for HIL. He will further enhance the business’s brand presence and intensify the digital agenda.

CK Birla, Chairman HIL said, “I am thrilled to welcome Akshat as Managing Director and CEO of HIL.

I have known and worked with Akshat for over eight years, his ability to lead is well proven during his leadership of our healthcare business. His demonstrated ability as a brand builder, along with his keen eye on process and capability building will be true differentiators for HIL in this next phase of growth. He is uniquely positioned to take the company forward. The perspectives he brings will be a strong asset as we build on our legacy.

I thank the outgoing MD and CEO, Dhirup Roy Choudhary for his valuable contribution to HIL.”

Akshat Seth, incoming MD and CEO, HIL said,

“HIL is a great platform on which to further build a multi brand business that scales profitably across geographies. Penetrating the customer mindset at a time when technology is changing the landscape, means we need to be more relevant, more efficient and all with speed of execution. I am excited to lead HIL along with my leadership team to the next chapter of growth and impact.”

Akshat, who last served as the CEO of CK Birla Healthcare, holds a Bachelors and Masters degree in Chemical Engineering from IIT Delhi, and he has an MBA from IIM Calcutta. He joined the CK Birla Group in 2014 to lead the Office of Growth & Strategy, driving Strategy, M&A and New Business Development across all group companies. Since 2016, Akshat has led CK Birla Healthcare: scripting the Group’s successful foray in healthcare delivery: The CK Birla Hospital, Birla Fertility & IVF and the group’s Digital Health Venture.

Prior to joining the group, Akshat was a management consultant with A.T. Kearney focused on clients in the Oil & Gas, Energy and Process industries across India, the Middle east and Europe.

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