In a notable leadership transition at MM Forgings Limited, the board announced a shift in the finance helm with the retirement of long-time Chief Financial Officer R. Venkatakrishnan and the elevation of R. Raghunathan to the role, effective April 1, 2026. Venkatakrishnan, who took on CFO duties alongside his ongoing responsibilities since 2014, is stepping down after decades of service, citing age and health as the basis for his exit while expressing gratitude for the opportunity to contribute to the company’s journey. The board’s acknowledgment of his contributions underscores a tenure marked by continuity and financial stewardship.
R. Raghunathan steps into the CFO chair with a resume built on more than three decades in finance across manufacturing, engineering, healthcare and services. A Chartered Accountant and Cost Accountant by training, he has steered capital planning, treasury management, budgeting and governance across senior leadership roles at Chettinad Cement Corporation Limited, Wheels India Limited, Archean Chemical Industries Limited and Trivitron Healthcare Private Limited. His track record includes leading IPOs, mergers and acquisitions, debt management and the implementation of robust financial controls—capabilities the company hopes will translate into strengthened financial discipline and strategic decision-making as MM Forgings grows.
The appointment follows the Nomination and Remuneration Committee’s recommendation and signals MM Forgings’ intent to couple ongoing growth with disciplined capital management. The company notes that remuneration and related terms for the new CFO will be determined by the board and the committee over time, while Venkatakrishnan’s exit is expected to pave the way for a seamless transition in the finance function. Investors and analysts will be watching how the leadership handover aligns with the company’s broader execution plans and its ability to sustain momentum in an increasingly competitive market.
Together, the transitions at MM Forgings mark a moment of continuity and renewal—an acknowledgment that sustaining growth requires both the experience of seasoned leadership and the fresh perspective of a finance veteran newly at the helm of the company’s financial strategy.