Greaves Cotton Appoints Manish Poddar as Group CFO

Greaves Cotton Limited has announced the appointment of Manish Poddar as its new Group Chief Financial Officer, effective March 19, 2026. The appointment was approved by the company’s Board of Directors during a meeting held on March 13, 2026, at the corporate office in Lower Parel, Mumbai. The meeting commenced at 9:45 a.m. IST and concluded at 10:30 a.m. IST.

This leadership change follows the resignation of Akhila Balachandar, who stepped down from her role as CFO and Key Managerial Personnel citing personal reasons.

Leadership Transition at Greaves Cotton

The CFO transition is part of Greaves Cotton’s ongoing focus on strong corporate governance and strategic continuity.

Resignation of Akhila Balachandar

Balachandar submitted her resignation to Managing Director Parag Satpute on February 19, 2026. In her resignation letter, she thanked the Chairman, the Board, and the management team for their support and expressed commitment to ensuring a seamless handover to her successor.

Board Approval and Governance Process

The appointment of Poddar was made on the recommendation of both the Nomination and Remuneration Committee and the Audit Committee, reflecting standard corporate governance procedures for senior executive appointments. Regulatory disclosures were made in line with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring transparency to investors and stock exchanges.

Profile of Manish Poddar

Manish Poddar brings extensive cross-sector finance experience to Greaves Cotton.

Extensive Industry Experience

Poddar has over 25 years of experience in finance, treasury, investor relations, governance, and strategic business partnering. He previously served as CFO at GMM Pfaudler Limited, a process equipment manufacturer, and GreenCell Mobility Private Limited, an electric mobility company.

Earlier Roles and Sector Exposure

Earlier in his career, Poddar held senior finance leadership positions at Diversey India Hygiene Private Limited, Ranbaxy/Sun Pharmaceutical Industries Limited, and Louis Dreyfus India Limited, giving him exposure to pharmaceuticals, commodities, hygiene products, and clean mobility sectors.

Academic Credentials

Poddar is a Chartered Accountant from the Institute of Chartered Accountants of India, holds an Executive MBA with a Finance specialization, and a bachelor’s degree from the University of Delhi. His diverse experience and academic background position him to steer Greaves Cotton’s financial strategy effectively.

Strategic Implications and Authorised Signatories

The appointment comes as Greaves Cotton continues to focus on its strategic priorities and investor relations.

Regulatory and Disclosure Responsibilities

Following the transition, Parag Satpute (Managing Director and Group CEO), Atindra Basu (Group General Counsel & Company Secretary), and Manish Poddar (incoming CFO) have been formally authorised under SEBI Listing Regulations to assess material events and ensure timely disclosures to stock exchanges.

About Greaves Cotton

Greaves Cotton Limited is a diversified engineering company with over a century of operations. It is listed on both BSE (501455) and NSE (GREAVESCOT). Its registered office is located in the MIDC Industrial Area, Chhatrapati Sambhajinagar, Maharashtra, with corporate operations headquartered in Mumbai.

Strategic Outlook

The appointment of Poddar is expected to strengthen Greaves Cotton’s financial leadership and support long-term strategic initiatives, including capital management, investor engagement, and operational efficiency.

Manish Poddar’s appointment as Group CFO reflects Greaves Cotton’s commitment to maintaining robust financial governance and strategic continuity. His extensive experience across multiple sectors, combined with strong academic credentials, equips him to support the company’s ongoing growth and operational excellence.