Dalmia Bharat Sugar and Industries Limited has announced a change at the top of its finance function, confirming the resignation of Chief Financial Officer Piyush Gupta for personal reasons. In a board meeting held on March 5, 2026, the directors accepted Gupta’s resignation and extended thanks for his contributions during his tenure.
Following Gupta’s exit, the Board, after considering the recommendations of the Nomination & Remuneration Committee and the Audit Committee, appointed Sandeep Garg as the new Chief Financial Officer and Key Managerial Personnel, effective March 5, 2026. Garg’s appointment aligns the company’s financial leadership with its growth and governance aspirations as it charts its next phase of scale and profitability.
Briefly profiling Garg, the company notes he is a Chartered Accountant with around 46 years of life, and more than 25 years of diverse finance leadership across multinational and promoter-driven organizations. He most recently served as Group Chief Financial Officer at SLMG Beverages Pvt Ltd, India’s largest independent Coca-Cola bottler, where he led finance strategy, controllership, FP&A, treasury, compliance, and governance. Earlier stints include heading Finance for Bajaj Auto’s ₹17,000 crore International Business, and leadership roles with Coca-Cola India Pvt. Ltd., Whirlpool of India Ltd., and Bharti Airtel Ltd. Garg is positioned as a finance leader focused on governance, data-driven decision-making, and driving EBITDA enhancement to support growth and value creation.