
Finolex Appoints Udipt Agarwal As MD & Rambabu Sanka As Director Of Technical
Udipt Agarwal has been appointed as Managing Director (MD) of Finolex Industries Limited, effective November 1, 2025, and as Whole-Time Director of the company, effective September 5, 2025. He will replace Saurabh Dhanorkar as MD, who will conclude his tenure and retire effective October 25, 2025.
Further, Rambabu Sanka has been appointed as Director of Technical (Whole-Time Director), commencing from August 2, 2025, subject to the approval of members at the ensuing Annual General Meeting of the company. He has replaced Saumya Chakrabarti, who resigned on account of personal reasons, effective August 31, 2025.
Additionally, Rajesh Balkrishna Rathi steps down as an Independent Director of the company, citing other professional commitments and preoccupations, with effect from August 2, 2025.
Udipt Agarwal is a business leader with over 30 years of experience across Asia, specialising in launching ventures, executing turnarounds, and driving sustainable growth. He is currently the Chief Commercial Officer (CCO) at Alkyl Amines Chemicals Ltd., responsible for business strategy, investments, P&L management, procurement, supply chain, marketing, and M&A initiatives. Previously, he had a distinguished career at Cargill Bio Industrial, where he established the India business, expanded into 10 countries, and integrated post-acquisition operations. His earlier tenure at BASF included leadership roles in India and Hong Kong, focusing on business development and market expansion. Agarwal holds a B.Tech. in Chemical Technology from H.B. Technological Institute, Kanpur. He has also completed executive education in strategic business leadership from INSEAD.
Rambabu Sanka has been President of Technical and Senior Management Personnel of the company since March 3, 2025, overseeing plant operations and functions. With 39 years of experience in the chemical manufacturing sector, including 31 years in VCM/PVC production, he has led technical services, process optimisation, debottlenecking, and large-scale plant expansions. He has held senior roles such as Vice President at Reliance Industries Ltd. and Executive Vice President of Technical Services at TCI Sanmar Chemicals S.A.E., with a strong record in operational efficiency, production growth, and safety management. Sanka holds an M.Tech. in Chemical Engineering from IIT Mumbai, a B.Tech. in Chemical Engineering from Andhra University, and a Postgraduate Certificate in Fundamentals of Senior Management from the Open University, UK.