Praj Industries has announced the appointment of Mr. Sachin Raole (DIN: 00431438) as Joint Managing Director & Chief Financial Officer. The appointment is for a tenure of five years, effective from 30th April, 2026, and will conclude on 29th April, 2031. Mr. Raole brings extensive experience in finance and accounts, including expertise in mergers, acquisitions, and financial restructuring.
Key Management Change
Praj Industries Limited has officially announced a significant change in its top management. Members of the company have approved the appointment of Mr. Sachin Raole, holding DIN 00431438, to the crucial roles of Joint Managing Director and Chief Financial Officer. This strategic appointment underscores the company’s focus on strengthening its financial leadership and operational oversight.
Tenure and Effective Date
The appointment of Mr. Sachin Raole is effective from 30th April, 2026, and is set for a duration of five (5) years. His term will extend until 29th April, 2031. Notably, he is not liable to retire by rotation during this period, ensuring continuity in leadership. This decision was ratified through a postal ballot, reflecting broad stakeholder approval.
Mr. Raole’s Professional Background
Mr. Sachin Raole is a seasoned professional with a strong foundation in finance. He is a qualified Cost Accountant and Chartered Accountant, possessing over 31 years of diverse experience across various financial domains. His expertise spans critical areas such as divestment, mergers & acquisitions, financial restructuring, treasury operations, accounts, and taxation. He has a proven track record of leading finance functions in multiple industries, including manufacturing, project finance, financial services, and pharmaceuticals. Furthermore, Mr. Raole has experience leading departments such as Human Resources, materials, IT, legal, and secretarial, highlighting his comprehensive business acumen.
Disclosure of Relationship
There is no disclosed relationship between Mr. Sachin Raole and other Directors or Key Managerial Personnel of the company.
Source: BSE
