Asansol, 1st September : Md. Anzar Alam, Director (Finance), ECL assumed the additional charge of Director (Personnel) at ECL following approval by the Ministry of Coal, Government of India after superannuation of Smt. Ahuti Swain. He has been serving as the Director (Finance) of ECL since 15th September, 2022.
He holds a robust academic background, having earned a Bachelor of Technology in Mechanical Engineering from BIT, Sindri in 1991. This was complemented by a Post Graduate Diploma in Computer Applications from Pondicherry University in 2005, followed by a Post Graduate Diploma in Management with a specialization in Finance from the prestigious Indian Institute of Management (IIM) Kolkata in 2007 under the renowned PGPEX program.
Before joining ECL, he accumulated over three decades of experience at Rashtriya Ispat Nigam Limited (RINL), a Navaratna Public Sector Undertaking (PSU) and held numerous roles, garnering extensive expertise in finance, internal audit, information technology, operations, maintenance, project finance, budget management, taxation and the implementation of Enterprise Resource Planning (ERP) systems.
His strategic acumen was highlighted when he was appointed as a special advisor to the then Chairman-cum-Managing Director of RINL, a position in which he contributed significantly to business development and the formation of the International Coal Ventures Limited (ICVL). He also oversaw financial operations across four regional branches with an annual turnover of approximately ₹3,000 crore, further underscores his financial acumen and leadership skills.
His leadership at ECL significantly enhanced operational efficiency through several key initiatives. Under his guidance, ECL implemented a faceless and fully automated Sales Consumer Refund System via SAP-ERP, eliminating the need for human intervention. Furthermore, he played a pivotal role in popularizing the eOffice System throughout the organization, streamlining communication and documentation processes.
His efforts also resulted in the establishment of a centralized online payment interface for payroll processing. As a testament to his leadership, ECL successfully disbursed NCWA-XI arrears of approximately Rs.2,300 crores to over 47,000 employees in a single, uninterrupted transaction.
Beyond his professional pursuits, his interests include technology trends in society, corporate governance, personal finance, wealth management and chess playing. His diverse interests and comprehensive experience position him well for his new role as Director (Personnel), where he is expected to bring a strategic perspective to Human Resource Management in the dynamic environment of ECL.
As he transitions into his new responsibilities, the organization anticipates his adept leadership will foster growth and innovation, further enhancing Eastern Coalfields Limited’s contributions to the coal sector in India.
