December 16, 2024, Mumbai— The top online retailer of furniture and home décor in India, Pepperfry, is happy to announce Madhusudan Bihani’s promotion to Chief Financial Officer (CFO). Madhusudan has about 20 years of experience in finance, corporate compliance, taxation, and auditing. His promotion is a major turning point for the business as it continues on its current growth path.
Madhusudan began working at Pepperfry as an AVP of finance in 2019 and eventually rose to the position of VP of finance in 2021. He has been instrumental in propelling Pepperfry’s expansion, sound financial management, operational effectiveness, and strong compliance systems during the last six years. His work has been crucial in boosting strategic initiatives, increasing profitability, and simplifying financial procedures.
Madhusudan will be in charge of the company’s corporate strategy, financial planning and operations, fundraising initiatives, legal matters, and corporate affairs in his new position as CFO. His position will offer a methodical framework for guiding the business through its upcoming stage of development and growth.
Ashish Shah, Co-founder & Chief Executive Officer, Pepperfry, expressed delight over Madhusudan’s new post, adding, “We are thrilled to appoint Madhusudan as our Chief Financial Officer. Our ability to carry out our future vision will be greatly aided by his vast expertise as well as his outstanding strategic and leadership skills. We anticipate the ongoing influence of his donations, which have been crucial in fortifying our financial base. Madhusudan has always been a leader that the organisation has looked forward to and in his new post I look forward to him taking up external duties including investor relations and capital raise.”
Madhusudan Bihani, Pepperfry’s Chief Financial Officer, commented on his appointment by saying, “I am thrilled about this new opportunity and look forward to contributing to Pepperfry’s growth story.” My work ethic and the company’s dedication to innovation and operational excellence are a wonderful fit. I have high hopes that Pepperfry’s operational plans, market leadership, and financial stability will all be strengthened by close collaboration with Ashish and the leadership group.
As a chartered accountant, Madhusudan contributes a substantial body of work and a plethora of knowledge from his prior positions. He has continuously shown a good track record of promoting financial efficiency and guaranteeing compliance across business domains during his ten-year tenure at Kraft Heinz, a key player in the FMCG industry.
With Madhusudan as its new CFO, Pepperfry is well-positioned to grow its business, improve its financial operations, and maintain its position as India’s top furniture and home décor company.
About Pepperfry
Pepperfry, which was founded in 2012 by Ashish Shah and the late Ambareesh Murty, has completely changed the furniture and home products sector in India. Pepperfry, the biggest omnichannel marketplace in the country, has given thousands of regional, national, and MSME firms a platform to reach consumers in over 300 cities. Pepperfry’s strong internal supply chain guarantees a flawless, end-to-end client experience. The business has a carefully curated online store, 150+ physical studios spread over 100+ cities, and customized Assisted Buying services. Pepperfry’s constant innovation and industry-first standards have not only revolutionized furniture and home décor shopping in India but have also had a big impact on customer expectations and market dynamics.
Website: https://www.pepperfry.com/
