Weekly Management Changes Roundup (23 Jul, 2025 - 30 Jul, 2025)
📰 Weekly Management Changes – 23 Jul, 2025 to 30 Jul, 2025
🔹 Summary
Total companies: 38
Appointments: 26 | Resignations: 24 | Changes in designation: 5
Notable Movements:
- Jubilant Pharmova Ltd’s CFO & Whole-time Director, Mr. Arvind Chokhany, resigned effective September 30, 2025.
- Torrent Pharmaceuticals Ltd elevated Aman Mehta from Whole-time Director to Managing Director, effective August 1, 2025.
- Greenply Industries Ltd appointed Sanjiv Keshri as CFO and KMP, bringing 23 years of leadership experience.
🔹 Detailed Table of Changes
| Company | Name | Change Type | Old Designation | New Designation | Effective Date | Background / Notes |
|---|---|---|---|---|---|---|
| Thermax Ltd | Pravin Karve | Resignation | Member of Executive Council, Senior Management | - | 2025-07-31 | Retirement from services of the Company |
| Asahi India Glass Ltd | Masahiro Takeda | Resignation | Non-Executive Director | - | 2025-07-31 | Retirement from AGC Inc, Japan |
| Asahi India Glass Ltd | Kazuo Ninomiya | Appointment | - | Additional Director, Non-Executive Director | 2025-08-01 | Science Graduate; Director at AGC Inc., Japan; vast global float glass industry experience |
| Asahi India Glass Ltd | Sundeep Kumar Parashar | Appointment | - | Secretarial Auditor | N/A | Fellow member of ICSI; founder of SKP & Co.; 20+ years in Corporate Laws and Compliance |
| Indian Metals & Ferro Alloys Ltd | Mr Nalini Ranjan Mohanty | Resignation | Director and Non-Executive Chairman | - | 2025-07-30 | Retirement upon completion of term |
| Indian Metals & Ferro Alloys Ltd | Dr Barada Kanta Mishra | Appointment | - | Non-Executive Chairman | 2025-07-31 | Independent Director |
| Procter & Gamble Hygiene & Health Care Ltd | Mr. Chittranjan Dua | Re-appointment | Independent Director | Independent Director | 2025-08-25 | Re-appointed for 5 years subject to shareholder approval |
| Procter & Gamble Hygiene & Health Care Ltd | Mr. Krishnamurthy Iyer | Re-appointment | Independent Director | Independent Director | 2025-12-01 | Re-appointed for 5 years subject to shareholder approval |
| Greaves Cotton Ltd | Jehangir Ardeshir | Appointment | - | Additional Director (Non-Executive, Independent) | 2025-08-01 | IIT Kharagpur & IIM Bangalore alumnus; ex-CEO of Tata Quality Management Services and Forbes Marshall |
| Greaves Cotton Ltd | Firdose Vandrevala | Resignation | Independent Director | - | 2025-10-14 | Resigned before attaining 75 years; no other material reasons |
| Mangalore Refinery & Petrochemicals Ltd | Rajinder Kumar | Resignation | Government Nominee Director | - | 2025-07-28 | Transferred to another Ministry |
| General Insurance Corporation of India | Tapan Kumar Mondal | Appointment | - | Director on the Board | 2025-07-24 | Central Secretariat Service officer; nominated by Central Government |
| NTPC Ltd | Shri Gurdeep Singh | Re-appointment | Chairman & Managing Director | Chairman & Managing Director | 2025-08-01 | Re-appointed till July 31, 2026 or until regular incumbent assumes charge |
| Blue Dart Express Ltd | Sagar Patil | Appointment | Interim CFO | Chief Financial Officer | 2025-08-01 | Chartered Accountant with 15+ years; internal promotion |
| Bata India Ltd | Amit Kumar Gupta | Resignation | Global Head – Distribution | - | 2025-09-08 | Resigned to pursue career outside Bata Group |
| Bata India Ltd | Ashish Arora | Appointment | - | AVP - Institutional & Distribution Business | 2025-09-08 | 6+ years with Bata; leadership in Sales and Business Development |
| Foseco India Ltd | Manuel Antonio Delfino Aguilera | Appointment | - | Non-Executive Non-Independent Director | 2025-07-30 | Experienced global steel & foundry professional; nominee of Foseco Overseas Limited |
| Hindustan Copper Ltd | RVN Vishweshwar | Appointment | Executive Director (Corporate Finance & Treasury), IOCL | Director (Finance) and CFO | 2025-07-29 | 32+ years experience; ex-IOCL executive |
| Hindustan Copper Ltd | Sanjiv Kumar Singh | Resignation | Additional Charge of Director (Finance) and CFO | - | 2025-07-29 | Ceased charge due to joining of RVN Vishweshwar |
| HeidelbergCement India Ltd | Joydeep Mukherjee | Re-appointment | Managing Director | Managing Director | 2026-04-01 | 35 years experience; ex-COO RR Kabel; re-appointed for 3 years |
| Nilkamal Ltd | Mr. Gautam G. Chakravarti | Appointment | - | Additional Independent Director | 2025-07-29 | IIM Ahmedabad alumnus; 49 years experience; ex-Hindustan Unilever and Blackstone |
| Karnataka Bank Ltd | Mr. Sreenivas M | Change in Designation | Head of Retail Lending, SME, MSME & Agri Business | Over-all in charge of Credit Marketing Department | 2025-07-29 | Reallocation of functional responsibility |
| Greenply Industries Ltd | Sanjiv Keshri | Appointment | - | Chief Financial Officer and KMP | 2025-07-29 | CA with 23 years experience; recognized among top 10 CFOs in manufacturing |
| Blue Star Ltd | V S Ashok | Resignation | Executive Vice President – Customer Experience & ESG | - | 2025-07-29 | Resigned due to change in role |
| Jubilant Pharmova Ltd | Arvind Chokhany | Resignation | Chief Financial Officer & Whole-time Director | - | 2025-09-30 | Resigned as CFO & WTD; resignation effective Sept 30, 2025 |
| Varun Beverages Ltd | Pankaj Madan | Appointment | - | Chief Financial Officer and KMP | 2025-07-30 | CA with 35 years experience; ex-Interglobe Enterprises CFO |
| Indian Oil Corporation Ltd | R V N Vishweshwar | Resignation | Executive Director (Corporate Finance & Treasury) | - | 2025-07-28 | Ceased as Senior Management Personnel due to appointment at Hindustan Copper Ltd |
| ITI Ltd | Shri Arun Agarwal | Appointment | Government Nominee Director (Sh. Sunil Kumar Verma) | Government Nominee Director | 2025-07-22 | DDG (Sat.), DoT; appointed for 3 years |
| Jindal Steel & Power Ltd | Dr. Bhaskar Chatterjee | Resignation | Independent Director | - | 2025-07-28 | Term completed |
| KEC International Ltd | Mr. Vimal Kejriwal | Re-appointment | Managing Director & CEO | Managing Director & CEO | 2026-04-01 | Re-appointed for 1 year; 20+ years with company |
| KEC International Ltd | Ms. Nirupama Rao | Resignation | Independent Director | - | 2025-07-28 | Term ended |
| Xpro India Ltd | Sri C. Bhaskar | Change in Designation | Managing Director & CEO | Managing Director | 2025-07-28 | Continues as senior-most executive on Board |
| Xpro India Ltd | Sri Girish Behal | Appointment | - | President & Chief Executive Officer | 2025-08-27 | 23 years global experience; ex-Ester Industries Business Head |
| IIFL Capital Services Ltd | Anand Shailesh Bathiya | Re-appointment | Non-Executive Independent Director | Non-Executive Independent Director | 2025-09-22 | Chartered Accountant; extensive M&A and capital markets experience |
| Five-Star Business Finance Ltd | Rangarajan Krishnan | Resignation | Joint Managing Director and CEO | - | 2025-08-14 | Resigned to pursue entrepreneurial journey; served 10 years |
| Cohance Lifesciences Ltd | Dr. Sudhir Kumar Singh | Resignation | Chief Executive Officer | - | 2025-07-31 | Resigned due to health issues; will assist transition |
| Cohance Lifesciences Ltd | Mr. Yann D'Herve | Appointment | - | Chief Executive Officer – CDMO Business | 2025-08-01 | Ex-SVP Evonik Healthcare; based in New Jersey, USA |
| Transport Corporation of India Ltd | Mr. Sunil Kumar | Appointment | - | Compliance Officer and KMP | 2025-08-01 | Associate Member of ICSI; 10+ years experience in corporate secretarial affairs |
| Hindustan Aeronautics Ltd | Shri Salesh Kumar Mehta | Resignation | Executive Director (Finance) | - | 2025-07-31 | Superannuation |
| Hindustan Aeronautics Ltd | Shri M V Srinagesh | Resignation | General Manager (SLRDC) | - | 2025-07-31 | Superannuation |
| Hindustan Aeronautics Ltd | Shri Anilkumar V N | Resignation | General Manager (F&F) | - | 2025-07-31 | Superannuation |
| Hindustan Aeronautics Ltd | Shri K Ramesh | Resignation | General Manager (AERDC) | - | 2025-07-31 | Superannuation |
| Parag Milk Foods Ltd | Nitin Dhavalikar | Resignation | Independent Director | - | 2025-07-27 | Completion of 2 consecutive terms |
🔹 Key Highlights
📌 Noteworthy Appointments
- Torrent Pharmaceuticals Ltd appointed Aman Mehta as Managing Director and Whole-time KMP, effective August 1, 2025. Aman brings 10+ years of leadership within Torrent and strong academic credentials.
- Greenply Industries Ltd appointed Sanjiv Keshri as CFO and KMP, a CA with 23 years of experience and recognized among top CFOs in manufacturing.
- Cohance Lifesciences Ltd appointed Mr. Yann D'Herve as CEO – CDMO Business, with extensive global pharma leadership experience.
- Varun Beverages Ltd appointed Pankaj Madan as CFO and KMP, a seasoned finance leader with 35 years of cross-sector experience.
📌 Significant Resignations
- Jubilant Pharmova Ltd’s CFO & Whole-time Director, Mr. Arvind Chokhany, resigned effective September 30, 2025.
- Cohance Lifesciences Ltd CEO Dr. Sudhir Kumar Singh resigned due to health reasons but will assist in transition.
- Five-Star Business Finance Ltd’s Joint MD & CEO Rangarajan Krishnan resigned to pursue entrepreneurial interests after 10 years.
- Hindustan Copper Ltd’s Sanjiv Kumar Singh ceased Additional Charge of CFO post following appointment of RVN Vishweshwar.
📌 Strategic Role Changes
- Torrent Pharmaceuticals Ltd elevated Aman Mehta from Whole-time Director to Managing Director, signaling continuity in leadership.
- Blue Dart Express Ltd promoted Sagar Patil from Interim CFO to CFO, reflecting internal succession.
- Xpro India Ltd appointed Sri Girish Behal as President & CEO, bringing 23 years of global industry experience.
- KEC International Ltd re-appointed Mr. Vimal Kejriwal as MD & CEO for another year, ensuring leadership stability.
This report provides a comprehensive yet concise overview of key management changes across listed Indian companies for the week ending July 30, 2025, aiding investment professionals in tracking leadership dynamics.
Note: This is an AI generated summary of the management changes. There may be inaccuracies in the summary. Please refer to the original documents before making investment decisions.