Clovia, a fast growing lingerie brand in India, has appointed Abhay Batra as its chief financial officer (CFO).
In his previous role, Batra worked as the chief accounting and corporate controller at MMTC-PAMP India Pvt Ltd, a joint venture between the Swiss commodity giant MKS PAMP Group and the Indian government, for refining and trading of precious metals, where he led multiple functions and managed a multi-billion dollar balance sheet.
Batra is an authority on manufacturing process and quality integration processes, besides dealing with global teams and corporate compliances, Clovia said.
He is a chartered accountant from the Institute of Chartered Accountants of India and holds a bachelor's degree in Commerce from Delhi University.
"I'm thrilled to be a part of Clovia, which in a small span of time has created a huge mark for itself in the e-commerce and fashion industry. In addition to the usual role of a CFO, I look forward to bring further strength to our quality standards and customer experience. We've already earmarked a series of strategic initiatives for the same," Batra said in a company statement.
Pankaj Vermani, CEO of Clovia, said Batra's ability to lead a financial function in a complex, sensitive and volatile business of fashion e-commerce, while maintaining an unrelenting focus on serving and advocating for the consumers interest is admirable.
Clovia is a premier lingerie and sleepwear brand backed by Ivy Cap Ventures and Zurich-based Mountain Partners AG. The company designs, manufactures and sells premium fashion lingerie, innerwear, nightwear and shapewear.
