The Board of Directors of Avon Mercantile Limited at their meeting held on June 30, 2021 has appointed Mr. Rakesh Kumar Bhatnagar (DIN: 02922258) from the Non-Executive Director to Whole-Time Director, effective 11 November, 2022. Mr. Rakesh Kumar Bhatnagar is currently the Chief Financial Officer of IO System Limited. He has an experience of 25 to 30 years in finance and has been graduated from M. M. Degree College, Modi Nagar.

Further, he also holds M.Com (PGDBA) from Annamalai University. He started his career with Modi Rubber Limited, with the utmost experience of 12 years in the field of Finance and Accounts. He has been working in the Smart Group for more than three decades and has been looking after accounts and finance functions including Payroll, vendor management, contractor's accounting and other routine suppliers.