PDS is preparing to bring more value by moving in multiple directions
09 December 2021, Mumbai:
PDS Multinational Fashions Limited is preparing for the next phase of expansion, which will be fueled by expanding its regional reach, catering to new categories, and gaining wallet share via smart sourcing agreements.
PDS and its significant subsidiaries are taking initiatives to further develop their brand positioning and improve corporate governance. PDS and its major businesses can benefit from a diversified and highly experienced Board of Directors thanks to such a strong governance system.
The company's name has been changed to "PDS Limited" in order to represent simplicity and agility (subject to required regulatory approvals). The new name, 'PDS Limited,' stands for integrity, transparency, and customer-centricity, and portrays the company as a worldwide, collaborative, digital, and ethical platform.
PDS prioritizes digitization to enable innovation, efficiency, and the creation of multi-channel business prospects on both the horizontal and vertical levels. As a result, PDS's new logo includes the word "Digital." The company's website was also recently updated to reflect its new and modern approach.
Two new directors have been added to the company's board of directors. PDS currently has five new Board of Directors as a result of this addition. The new Board of Directors will guide PDS into its next phase of expansion with its variety, experience, and worldwide perspectives.
PDS's Advisory Board includes Tarun Khanna, a Jorge Paulo Lemann Professor at Harvard Business School, and Faiza Seth, co-founder of PDS Multinational and ex-Lehman Brothers with an MBA from Stanford University's Graduate School of Business.
Sunil Srivastav, an ex-Dy. Managing Director of the State Bank of India's Corporate Accounts Group has joined the Board of Directors of Techno Design (HK), a key subsidiary of PDS. "While we retain our essential beliefs, the new name symbolizes our evolution." For customers across locations and categories, we deliver an agile, adaptable, and globally scaled platform.
"I'd also want to give a warm welcome to our newly appointed directors, who bring significant global and cross-functional knowledge to the PDS board and support our value creation path for our stakeholders," said Pallak Seth, the company's Vice Chairman.
"We have changed as our clients' businesses have grown over the years," Sanjay Jain, Group CEO, continued. We've evolved and adjusted our service offerings to their specific needs. Our goal has always been to provide end-to-end solutions to our clients.
PDS is allowing retailers and brands throughout the world to cater to the fast-evolving tastes and preferences of consumers thanks to its acute design sense, considerable industry knowledge, and adoption of cutting-edge technologies."
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