Balkrishna Industries Ltd. has announced the appointment of Saroj Kumar Khuntia as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective June 18, 2026.
The appointment follows the retirement of Madhusudan Bajaj, who ceased to serve as CFO and KMP at the close of business on June 17, 2026, after attaining the age of superannuation in accordance with the company’s policy. The Board of Directors approved Khuntia’s appointment based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee.
A Fellow Chartered Accountant, Khuntia brings more than 24 years of experience across corporate finance, strategy, treasury management, capital markets, taxation, governance, risk management, mergers and acquisitions, and finance transformation. Throughout his career, he has held senior finance leadership roles with organizations including CG Power and Industrial Solutions, Mahindra Group companies, IBM, and Hindustan Lever.
Prior to joining Balkrishna Industries, Khuntia served as Vice President – Finance at CG Power and Industrial Solutions. Earlier, he held Chief Financial Officer positions at Mahindra Accelo, Mahindra Electric Mobility, and Mahindra Retail, among other leadership roles within the Mahindra Group.
The Board expressed its appreciation for Madhusudan Bajaj’s contributions and leadership during his tenure with the company. Following his retirement, Bajaj will continue to support the company as Special Advisor to the Chairman & Managing Director. The company clarified that his departure was due to superannuation and not resignation.
About Balkrishna Industries
Balkrishna Industries Ltd. (BKT) is a leading manufacturer of off-highway tyres (OHT) for specialized applications across agriculture, construction, industrial, earthmoving, mining, forestry, lawn and garden, and all-terrain vehicle (ATV) segments. The company serves customers in more than 160 countries and has established a strong global presence in the off-highway tyre market through its focus on innovation, quality, and manufacturing excellence.
