Mumbai: Nishant Kanodia, promoter of Matix Fertilisers and Chemicals Ltd, has been appointed Chairman of the company. He succeeds the late Yogendra Kanodia. Nishant Kanodia, in his previous role as Vice Chairman, had been providing strategic direction to Matix with a focus on capital raising, growth, and diversification that has led to its current position as one of India’s fastest-growing fertilizer companies.

An MBA from the Wharton School, University of Pennsylvania, USA, Kanodia is a member of the Mumbai Chapter of the Entrepreneurs Organisation (EO) and Young President Organisation (YPO). “It’s an honour and privilege that Matix’s Board has entrusted me with this special responsibility,” Kanodia said. “I will strive to ensure that the company not only continues to focus on growth and profitability, but also sets benchmarks in professional management, governance, sustainability, and social responsibility.”

“The current growth trajectory of Matix owes in large measure to Mr Nishant Kanodia’s vision, dynamism, commitment, and people-orientation,” said Mishra. “We look forward to his strategic guidance and direction to take Matix to greater heights.” Kanodia has been driving Matix’s turnaround, including the induction of professional and experienced leadership with a successful track record in the fertiliser industry. /BI/