Bata appoints Ram Kumar Gupta as CFO

Footwear company Bata India Ltd has elevated Ram Kumar Gupta as its Director - Finance and Chief Financial Officer following the resignation of Ranjit Mathur from the post.

The company stated in a BSE filing that the board of the firm has approved “appointment of Ram Kumar Gupta as the Director Finance and Chief Financial Officer of the Company with effect from August 19, 2015, for a period of five years, subject to approval of the shareholders at a general meeting.”

Gupta had joined Bata in 1986 and has worked at different capacities since then. In India, the company is present in about 500 cities and runs 1450 company-owned and 40 franchise units. It aims to have its stores available at every city’s corner in the next five years. Via the franchise mode, it looks at penetrating deeper into the market and wants to further expand its business via store openings not only in the metros but also the tier-II or III cities.