
Saroj Kumar Khuntia Succeeds Madhusudan Bajaj As CFO Of Balkrishna Industries
Saroj Kumar Khuntia has been appointed as the Chief Financial Officer and Key Managerial Personnel (CFO & KMP) of Balkrishna Industries Limited, with effect from June 18, 2026. He has succeeded Madhusudan Bajaj, who has retired upon completion of his tenure as CFO effective June 17, 2026.
Post his superannuation, Bajaj will continue to assist the company as Special Advisor to the Chairman and Managing Director (CMD).
Khuntia is currently serving as Vice President (Finance) at CG Power and Industrial Solutions Ltd., and has also worked at Mahindra & Mahindra, IBM, and Hindustan Unilever Ltd. He has held responsibilities across corporate finance, treasury operations, capital allocation, financial governance, and business planning. He is a finance professional and a Fellow Chartered Accountant with over 24 years of experience in corporate finance, financial planning, treasury management, and business strategy. His expertise spans capital markets, taxation, governance, finance transformation, and strategic decision-making.




