In a move that tightens Praj Industries’ executive bench, the Pune-based process engineering firm has appointed Sachin Raole as Joint Managing Director and Chief Financial Officer for a five-year term, effective from 30 April 2026 and running till 29 April 2031, subject to shareholder approval. The appointment, disclosed after the board meeting on 28 April 2026, marks Raole’s elevation to a combined leadership role that places finance at the core of the company’s strategic trajectory.
Raole, a Cost Accountant and Chartered Accountant, brings 31 years of experience across a broad finance and accounts spectrum. His background spans divestment, mergers and acquisitions, financial restructuring, treasury, accounts and taxation, with hands-on exposure across manufacturing, projects, financial services and pharmaceuticals. Beyond finance, he has also led functions in human resources, materials, information technology, and legal & secretarial, signaling a multifaceted executive profile well suited to steering Praj through complex growth journeys.
This dual designation as Joint Managing Director and Chief Financial Officer represents a significant alignment of governance and financial leadership. The five-year term and the note that the role is not liable to retire by rotation emphasize continuity at the top as Praj navigates its medium-term ambitions. The appointment awaits the requisite shareholder approval, after which Raole will carry the joint mantle of strategic oversight and financial stewardship.
As Praj charts its path forward, the board’s Nomination and Remuneration Committee appears to be betting on robust financial governance fused with cross-functional leadership experience. The move signals a deliberate intent to strengthen Praj’s execution capacity across its core businesses and future growth initiatives.