Ajax Engineering has appointed Ketan Pendse as Chief Financial Officer (CFO), effective June 2, 2026. The appointment was approved by the company’s Board of Directors following recommendations from the Nomination and Remuneration Committee and consultation with the Audit Committee.
Pendse succeeds Ganesh B J, who stepped down from his role as Interim Chief Financial Officer on June 2, 2026. The company stated that Ganesh had assumed the interim position to provide leadership and continuity to the finance function during the transition period pending the appointment of a permanent CFO, and that the purpose of the interim assignment had now been fulfilled.
A Chartered Accountant with more than 24 years of experience, Pendse brings extensive expertise across finance, treasury, governance, risk management, and business transformation within the engineering, EPC, and capital equipment sectors. Prior to joining Ajax Engineering, he served as Chief Financial Officer and Whole Time Director at TKIL Industries Pvt. Ltd. (formerly Thyssenkrupp Industries India). Earlier in his career, he held positions at Ranadey Agro Limited and Dow Corning India Pvt. Ltd.
Over the course of his career, Pendse has developed deep capabilities in controllership, accounting, taxation, treasury, compliance, procurement, commercial project management, and enterprise risk management. He has also led initiatives focused on strengthening governance frameworks, driving digitization, optimizing working capital, and enhancing financial controls across multiple business verticals.
Known for combining financial discipline with strategic business partnering, Pendse has played a key role in supporting organizational growth, governance, and long-term value creation. Ajax Engineering said his experience will further strengthen the company’s finance leadership as it continues to pursue its growth objectives.
About Ajax Engineering
Ajax Engineering is a leading manufacturer of concrete equipment and related infrastructure machinery. The company provides a broad range of products and solutions catering to the construction and infrastructure sectors and has established a strong presence across India and international markets.
