Polycab India has appointed Niyant Maru as the new Executive President – Finance and Chief Financial Officer (CFO), effective October 17, 2025. This appointment follows the resignation of the previous CFO. Maru’s term as CFO is fixed for nine months, ending July 16, 2026, after which he will continue as an Advisor to the company.
Key Leadership Change
Niyant Maru has been appointed as Executive President – Finance and will take on the role of Chief Financial Officer (CFO) at Polycab India. The appointment is effective from October 17, 2025.
Appointment Details and Transition
The decision to appoint Mr. Maru was made during a Board of Directors meeting on October 17, 2025. This follows the resignation of Mr. Gandharv Tongia, the previous Executive Director & CFO. To ensure a smooth transition, Mr. Maru’s term as CFO will be for a fixed period of nine months, concluding on July 16, 2026. After this period, he will continue to serve the company as an Advisor.
Executive Profile
Mr. Maru, aged 62, brings 35 years of experience across diverse sectors, including Cosmetics, Steel, Telecom, Hotels, Real Estate, Infrastructure, and Aviation. Prior to joining Polycab, he served as CFO of Tata SIA Airlines (Vistara) and superannuated as Senior Vice President – Finance at Air India Limited in May 2025. He holds a B.Com from the University of Gujarat (1984) and is a Chartered Accountant (1988).
Source: BSE
