Indian Metals and Ferro Alloys Ltd (IMFA), one of India’s top producers of ferro alloys, has announced Saunak Gupta as its new Chief Financial Officer (CFO), following the retirement of Prem Khandelwal. Khandelwal, who has served as CFO and Company Secretary for two decades, made a significant impact during his tenure.
Saunak Gupta, a highly qualified professional, holds credentials as a Chartered Accountant, Company Secretary, and Cost Accountant. Over his 26-year career, Gupta has gained valuable experience across various industries, including Blue Star, Wipro, Berger Paints, and PwC. His expertise spans mergers and acquisitions, strategic partnerships, treasury management, and financial planning to support business growth. Gupta joined IMFA as Deputy CFO in 2023 and contributed substantially to the company’s goals before his promotion to CFO.
Subhrakant Panda, the Managing Director of IMFA, shared his thoughts on Gupta’s appointment: “In a short span of time Saunak has made his presence felt in not just the finance function but by also helping shape IMFA’s strategic priorities, and I am sure he will contribute significantly to the company’s growth trajectory. I also take this opportunity to acknowledge Prem Khandelwal’s leadership and pivotal role over the years.”
Reflecting on his new role, Saunak Gupta, the newly appointed CFO, said, “IMFA is positioned for growth with a strong Balance Sheet and expansion & diversification plans already underway. My key focus will be to drive long term strategic initiatives which deliver growth and create value for stakeholders.”
With Saunak Gupta taking the lead in finance, IMFA aims to continue its growth path and maintain a robust financial position while pursuing long-term strategies for further expansion and success.
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