Allied Blenders and Distillers (ABD) has announced a key transition in its financial leadership. Jayant Manmadkar, the current CFO, will transition to the newly created role of Group Finance Director, effective February 2, 2026. Former CFO, Ramakrishnan Ramaswamy will resume his role as Chief Financial Officer, also effective February 2, 2026. The changes aim to bolster the group’s growth and luxury segment entry.
Financial Leadership Restructuring
Allied Blenders and Distillers (ABD) is implementing a strategic realignment of its senior financial leadership. This transition supports the company’s next growth phase, including its entry into the luxury segment via ABD Maestro Pvt Ltd, and will oversee value accretive capacity expansion.
Key Personnel Changes
Effective February 2, 2026:
- Jayant Manmadkar: Transitions from CFO to the newly created role of Group Finance Director. He will lead value accretive capital investments, digital transformation, and inorganic growth.
- Ramakrishnan Ramaswamy: Resumes the role of Chief Financial Officer. He will manage core financial stewardship, including taxation, financial planning (FP&A), information technology, banking, and treasury management.
Rationale Behind the Transition
According to Alok Gupta, Managing Director of ABD, this realignment allows for a bifurcated focus: Jayant will spearhead long-term strategic investments and digital evolution, while Ramakrishnan will oversee financial stewardship. This dual-engine financial leadership will support scaling the luxury portfolio and expanding the company’s manufacturing footprint.
Jayant Manmadkar’s New Role
As Group Finance Director, Jayant Manmadkar will be responsible for:
- Leading value accretive capital investments.
- Driving digital transformation initiatives.
- Overseeing inorganic growth through mergers and acquisitions in India and globally.
- Leading cross-functional strategic initiatives.
Ramakrishnan Ramaswamy’s Return
Ramakrishnan Ramaswamy returns as Chief Financial Officer, bringing over three decades of experience. He previously led the company through its July 2024 IPO. His responsibilities will include:
- Overseeing the entire spectrum of finance and accounts.
- Managing taxation.
- Managing financial planning (FP&A).
- Overseeing information technology, banking, and treasury management.
Source: BSE
