Greaves Cotton Limited Group CFO Appointment: Manish Poddar to Lead Finance from March 2026

The Greaves Cotton Limited Group CFO appointment marks a significant leadership transition within the diversified engineering company as Manish Poddar prepares to take charge of the finance function starting March 19, 2026. The decision was formally approved by the Board of Directors during a meeting held on March 13, 2026, at the company’s corporate office in Lower Parel, Mumbai. The leadership change reflects a structured transition in senior financial management as the company continues navigating strategic priorities across its engineering and mobility businesses.

Leadership Transition at Greaves Cotton

The appointment follows the resignation of Akhila Balachandar, who previously served as Chief Financial Officer and Key Managerial Personnel. She submitted her resignation to Managing Director Parag Satpute on February 19, 2026, citing personal reasons and other professional priorities. In her communication to the company leadership, she thanked the Chairman, Board members, and the broader management team for their cooperation and support during her tenure. She also committed to facilitating a smooth transition to ensure uninterrupted financial operations and compliance processes during the leadership handover.

Following the transition, the finance leadership responsibilities will shift to Manish Poddar, whose appointment has been recommended by both the Nomination and Remuneration Committee and the Audit Committee. Such dual committee oversight reflects standard corporate governance procedures used for senior executive appointments within listed companies like Greaves. The company disclosed the leadership change in accordance with regulatory requirements governing publicly listed corporations.

Professional Background of Manish Poddar

Manish Poddar brings more than 25 years of professional experience across finance, treasury management, investor relations, governance, and strategic business advisory roles. His previous leadership positions include serving as Chief Financial Officer at GMM Pfaudler Limited, a globally recognized process equipment manufacturer. He also held the CFO role at GreenCell Mobility Private Limited, a company operating in the electric and clean mobility sector, giving him exposure to emerging transportation technologies and sustainable mobility initiatives.

Career Experience Across Multiple Industries

Earlier in his career, Poddar held senior finance leadership roles at Diversey India Hygiene Private Limited, Ranbaxy/Sun Pharmaceutical Industries Limited, and Louis Dreyfus India Limited. These roles provided exposure to a broad spectrum of industries including pharmaceuticals, commodities trading, and hygiene solutions. Academically, he is a Chartered Accountant certified by the Institute of Chartered Accountants of India and also holds an Executive MBA with a specialization in Finance, along with a bachelor’s degree from the University of Delhi.

Governance and Regulatory Disclosure

The Greaves Cotton Limited Group CFO appointment was disclosed under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015, read alongside the SEBI Master Circular issued on January 30, 2026. In line with these regulations, the company has also designated specific executives responsible for determining the materiality of corporate disclosures and ensuring timely communication to stock exchanges.

Three senior officials have been authorised under Regulation 30(5) to oversee such disclosures: Managing Director and Group CEO Parag Satpute, Group General Counsel and Company Secretary Atindra Basu, and incoming Group CFO Manish Poddar. These officials will coordinate regulatory filings and communication through the company’s corporate office in Lower Parel, Mumbai. Greaves Cotton Limited, which has a history spanning more than a century, remains listed on both the BSE and the National Stock Exchange of India, continuing its presence as a diversified engineering enterprise within India’s mobility and industrial ecosystem.