HIL, a building materials solutions company, has announced the appointment of Akshat Seth as its Managing Director and Chief ExecutiveOfficer, effective February 1, 2023 (subject to regulatory approvals).
Seth joins HIL from CK Birla Healthcare where he was a member of the founding team and served as CEO.
“He will develop and implement a strategy focusing on strengthening the product portfolio and expanding revenue base and profitability for HIL and further enhance the business’s brand presence and intensify the digital agenda,” the company said in a statement.
“I have known and worked with Akshat for over eight years, his ability to lead is well proven during his leadership of our healthcare business. His demonstrated ability as a brand builder, along with his keen eye on process and capability building will be true differentiators for HIL in this next phase of growth. He is uniquely positioned to take the company forward. The perspectives he brings will be a strong asset as we build on our legacy,” said CK Birla, Chairman HIL.
Seth holds a Bachelors and Masters degree in Chemical Engineering from IIT Delhi, and he has an MBA from IIM Calcutta. He joined the CK Birla Group in 2014 to lead the Office of Growth & Strategy, driving strategy, M&A and new business development across all group companies.
Since 2016, Akshat has led CK Birla Healthcare: scripting the Group’s successful foray in healthcare delivery: The CK Birla Hospital, Birla Fertility & IVF and the group’s Digital Health Venture.
“HIL is a great platform on which to further build a multi brand business that scales profitably across geographies. Penetrating the customer mindset at a time when technology is changing the landscape, means we need to be more relevant, more efficient and all with speed of execution. I am excited to lead HIL along with my leadership team to the next chapter of growth and impact," said Seth.
Prior to joining thegroup, Seth was a management consultant with A T Kearney focused on clients in the oil & gas, energy and process industries across India, the Middle east and Europe.