State-owned ITI Ltd today said its HR Director S Gopu has assumed additional charge as Chairman and Managing Director following the retirement of P K Gupta.
Gupta, who was Director (Marketing) and also held additional charge as Chairman and Managing Director (CMD) of ITI, retired following superannuation.
"This is to inform that P K Gupta, Director (Marketing)/ Additional charge CMD has retired from services of the company with effect from afternoon of December 31, 2016, consequent to attaining age of superannuation," ITI said in a BSE filing.
S Gopu, Director-HR, has assumed additional charge as CMD with effect from December 31, 2016, it added.
Gupta had joined the company in January 1979 as Assistant Executive Engineer at ITI Bangalore Plant.
K Alagesan, Director-Production, has taken charge as Director (Marketing) for a period of three months, the filing said.
Set up in 1948, ITI offers telecom products and solutions. India's first public sector unit (PSU), ITI posted a revenue of Rs 281.58 crore and net profit of Rs 190.59 crore for the quarter ended September, 2016.
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