Mumbai, Maharashtra, India Business Wire India Panasonic Life Solutions India announced that inline with the company's superannuation policy, Mr. Vivek Sharma, the Company's Managing Director, will step down from the operational leadership on September 30th, 2020. Mr. Sharma with his commitment to excellence and inimitable leadership style, has led Panasonic Life Solutions India (PLSIND) to great success. Under his leadership the Company has had a tremendous growth journey over the last 3 years. PLSIND's revenue grew from INR 22.9 billion in 2016-17 to approximately INR 33.9bn in 2019-20. Similarly, the operating profit more than doubled from INR 2.65 billion in 2016-17 to INR 5.8 billion in 2019-20. The Company's sales grew at a CAGR of 15% and operating profits at a CAGR of 22%, during this period. This helped PLSIND emerge as the fastest growing Indian Fast Moving Electrical Goods (FMEG) Company, both in terms of sales and profitability. A reflection of this stellar performance was when, earlier this year, Forbes magazine rated Anchor as the No. 1 FMEG brand in the country..from Top Business News- News18.com https://ift.tt/33MZJYn
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