Hindustan Unilever strengthens board with Tarun Bajaj as independent director

Hindustan Unilever Limited (HUL) has announced the appointment of Tarun Bajaj as an independent director on its board, effective December 1, 2023, for a five-year term.

Before retiring in November 2022, Bajaj held the position of revenue secretary, Government of India. In this role, he played a pivotal part in stabilising the Goods and Services Tax (GST) and significantly increasing revenue collections under GST and income tax.

Commenting on the appointment, Nitin Paranjpe, non-executive chairman at HUL in a statement said, “Tarun has an innate knowledge of the country’s economic policies and has been responsible for shaping key fiscal initiatives of the Government of India. His vast experience in administration, management, and public policy, will undoubtedly be beneficial to HUL.”

Tarun Bajaj added, “The company’s success is reflective of its efforts to continuously reinvent itself with a changing India. I am honoured to join the HUL Board and look forward to my role as an independent director.”

Bajaj has decades of experience and served in the Indian Administrative Service since 1988, belonging to the Haryana Cadre.