Prevest Denpro reports 35% rise in Q4 PAT, Board gets new members to drive future growth

Prevest Denpro has informed exchanges that it has made changes to its Board of Directors with an objective to drive growth amidst strong financial performance. Vaibhav Munjal has joined the board as Executive Director and Chief Marketing Officer.

Prior to this, Munjal had worked with multinationals like Godrej, Asian Paints, and Samsung. He has 17 years of rich experience in strategic marketing, distribution growth and sales and has an outstanding record of driving multi million dollar revenues and strong growths for enterprises across industries.

Munjal is a Mechanical Engineer from Thapar Institute of Engineering Technology and an MBA from SCMHRD, Pune.

Besides, the company also appointed CA Pradeep Gandotra as an Independent Director. This brings his expertise in accounting, finance and taxation to the board. Pradeep has experience of over 35 years in accounting, finance and taxation.

"We are pleased to welcome Vaibhav Munjal and CA Pradeep Gandotra to our team," Atul Modi, MD and chairperson, Prevest Denpro, said. "Their vast experience and expertise in marketing and finance will help us take business to new heights."

"...appointment to the Board of Directors is expected to help the company build a strong brand and drive growth in key markets," Prevest Denpro, a leading manufacturer of dental products, said in a statement.

Prevest Denpro is a leading player in the dental industry and has a strong reputation for innovation and quality.

The company reported strong results in March 2023 quarter. Its net profit stood at ₹5.11 crore, up 107 per cent from Rs. 2.46 crore in March 2022. For FY23, the company reported 35 per cent growth in PAT.