Leadership reshuffle at Trident Limited: Anthony Desa takes chairman role, Manish Bhatia appointed CFO

In a significant corporate reshuffle, Trident Limited has announced the approval of key leadership changes by its Board of Directors. The meeting held on December 6, 2023, witnessed the appointment of Anthony Desa [DIN:05290160] as the Non-Executive Independent Chairman and Manish Bhatia as the Chief Financial Officer & Key Managerial Personnel (CFO & KMP) of the company.

Anthony Desa’s New Role and Expertise

Taking effect from December 06, 2023, Anthony Desa’s appointment marks a pivotal shift in Trident’s boardroom dynamics. Desa, with no pecuniary relationship with the company nor any relation to other Directors or promoters, brings a fresh and unbiased perspective to the Chairman role. His predecessor, Rajiv Dewan (DIN:00007988), will continue to serve as an Independent Director, maintaining stability within the Board’s composition and its various committees.

Manish Bhatia’s Appointment as CFO & KMP

Simultaneously, the Board, following the recommendations of the Nomination and Remuneration Committee and Audit Committee, appointed Manish Bhatia as the CFO & KMP, effective from December 06, 2023. Bhatia, a Chartered Accountant, boasts an impressive 28-year career in Accounts, Finance, Tax, Audit, and Business Processes. His previous roles in major corporates like Prism Johnson Limited and Apollo Tyres Limited equip him with a diverse skill set and experience to drive Trident’s financial strategy and operations.

Trident Limited’s Business Overview and Market Position

Trident Limited, an India-based conglomerate, is a prominent player in the Textile and Paper & Chemical sectors. Operating through two segments – Textiles (Yarn, Terry Towels & Bedsheets) and Paper and Chemical, Trident has established a significant market presence. The leadership changes come at a time when the company is poised for strategic growth and innovation in its core business areas.