Subhrakant Panda, MD IMFA & President Elect, FICCI Veteran corporate tycoon and Managing Director of Indian Metals & Ferro Alloys Ltd (IMFA) has been named as the President Elect of the prestigious industry body- Federation of Indian Chambers of Commerce & Industry (FICCI). This is the maiden occasion when an Odia industrialist has been catapulted to FICCI’s apex position.
Panda is currently the Senior Vice President of FICCI. He shall succeed Sanjiv Mehta as President of the apex chamber at the conclusion of the 95th Annual General Meeting to be held on December 16th-17th, 2022, a press statement by the FICCI stated. He has been active in FICCI for two decades, and was the first Chairman of the FICCI Odisha State Council besides heading the FICCI National Manufacturing Committee.
Commenting on the announcement, FICCI President-elect Panda said, “I consider it a privilege to helm this great institution at a crucial time. Even as the India growth story gathers momentum, there is work to be done pushing the reforms agenda further besides engaging with stakeholders on important issues such as decarbonization and sustainability. I will work to strengthen FICCI and take these forward.”
Panda holds a Bachelor of Science Degree in Business Administration from the School of Management, Boston University. He graduated with honours summa cum laude with a dual concentration in Finance and Operations Management. Mr Panda has been recognized with several awards for his outstanding scholastic achievements by being named to the Beta Gamma Sigma Honour Society for Collegiate Schools of Business and Golden Key National Honour Society. He is a keen reader and his interests include technology. His current role in IMFA includes defining broad strategic goals while independently supervising the day-to-day management of the company.
He is the current President of the International Chamber of Commerce – India Chapter. Mr Panda is only the third Indian to have been elected President (2013-15) of the International Chromium Development Association (ICDA) which is the voice of the chrome industry with IMFA being one of the Founding Members.
Panda has successfully helmed IMFA which is the country’s leading, fully integrated producer of ferroalloys with captive mining and power generation employing 6500 people. He has handled various responsibilities in IMFA, and implemented expansion plans after he was appointed Managing Director which led to significant growth in revenue & profitability.
Under Panda’s stewardship, IMFA is committed to enhancing customer satisfaction by producing to agreed specifications and delivering on contracted terms, providing a safe and healthy working environment to all our Team Members and Business Associates by adopting proactive measures and complying with all applicable rules & regulations, corporate Environment Responsibility including conserving natural resources through process improvements, recycling & waste reduction and minimizing pollution, organizational excellence through good corporate governance and industry leadership by integrating the value chain and continual improvement, holistic development of all our Team Members, ethical business practices and engaging with the local community and communicating this Policy and the performance & progress thereof to all stakeholders.
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