Asahi Songwon Colors Limited at its board meeting held on October 14, 2019, approved appointment of Mr. Arjun Gokul Jaykrishna as Additional Director and Executive Director with effect from October 14, 2019. Designation of Mr. Chandravadan R. Raval has been re-designated from General Manager (Accounts) & CFO to General Manager (Accounts) of the Company with effect from October 14, 2019. Mr. Utsav Pandwar was appointed as Chief Financial Officer (CFO) of the Company with effect from October 14, 2019.

Mr. Arjun Gokul Jaykrishna, has done internships with big MNC's such as Deloitte and Dainippon Ink and Chemicals (DIC). At Deloitte he worked closely with the head of the department on creating industry overviews for potential acquisitions, which gave him exposure to the general business environment in India and knowledge of how to go about business acquisitions. He has joined the Company as 'Management Trainee' with effect from January 15, 2019.

Mr. Utsav Pandwar has 20 years of professional experience in the field of Finance, Accounts, Taxation (Direct & Indirect), cost control, MIS, Treasury, Internal control & audit and Commercial etc. in manufacturing and service companies. Prior to joining Asahi Songwon Colors Limited, he was working as CFO with Jay Chemical Industries Limited.

He has also worked as CFO with Aarvee Denims and Exports Limited. He was also associated with Rohan Dyes and Intermediates Limited and Ideal Commerce Limited and others.