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Friday, December 14, 2007

Direct Logistics appoints Mithil Pai as Group CFO

Direct Logistics a Mumbai based freight forwarding and logistics firm has appointed Mr. Mithil Pai as the Group CFO, handling company operations in India, China, Singapore, Hong Kong and Taiwan.

Mr. Pai has over 15 years of experience in accounting, financial and strategic management across diverse sectors such as audit, pharmaceutical and chemicals and is a qualified Chartered Accountant.

Before joining Direct Logistics Mr. Pai served in senior positions at FOSECO PLC in Indonesia, Singapore and Malaysia. Previously Mr. Pai had successful stints with Merind Ltd. (TATA Group), Boots Pharmaceuticals and A.F Ferguson & Co.

Said Mr. Pai, �Direct Logistics is an Indian MNC � very progressive, very professional and very people forward. I was looking at a dynamic company to work for in India where I could put my skills obtained through many years of working abroad to good use. The track record of the company is extremely impressive and the future growth plans are exciting. The company�s presence in India and China, two of the most sought after economies in the world puts it in a very advantageous position to take a big leap in the very near future. The other operations in Singapore and Taiwan are also poised for significant growth.�

The challenges at Direct Logistics according to Mr. Pai would be, �To create a financially responsible company, with best practices in and good corporate governance. The expansion plans for India and China will mean a need to not just raise but also to manage the funds optimally. The road ahead is very exciting and if we can manage to put the investor�s money in the right places that can return good yield to the stakeholders, at the same time come to be known as a financially sound and socially responsible organization, it will be a job well done.�

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