Grasim Industries has announced key changes in its senior management. Mr. Anil Rustogi will be retiring as Chief Financial Officer of the Cellulosic Fibres Business, effective April 3, 2026. Mr. Ashok Machher will take over as the CFO for the Cellulosic Fibres Business, starting April 4, 2026, after previously serving as CFO for the Textiles Business. These changes are part of the company’s leadership transition plan.
Leadership Transition in Finance
Grasim Industries has announced the superannuation of Mr. Anil Rustogi from his position as Chief Financial Officer (CFO) of the Cellulosic Fibres Business, effective April 3, 2026. Following his retirement, Mr. Rustogi will no longer be part of the Senior Management Personnel of the Company.
Appointment of New CFO
Effective April 4, 2026, Mr. Ashok Machher will assume the role of Chief Financial Officer for the Cellulosic Fibres Business. Previously, Mr. Machher served as the CFO for the Textiles Business. This transition ensures continuity within Grasim’s financial leadership team, and Mr. Machher will remain a Senior Management Personnel of the Company.
Profile of Ashok Machher
Mr. Ashok Machher is a Chartered Accountant and has held the position of CFO for the Textiles business since 2019. He brings to the role extensive experience in Finance, Commercial, and Corporate Affairs, accumulated over his 27-year tenure within the Grasim Group. His experience spans various businesses, including Hindalco, Cement, and Insulators.
Source: BSE
