Mazagon Dock Shipbuilders Ltd, a prominent Defence Public Sector Enterprise (CPSE), has announced the appointment of Shri Ruchir Agarwal as its new Chief Financial Officer (CFO). This significant move comes as per the company’s filing with the stock exchange, with Agarwal assuming the role effective immediately.
Shri Ruchir Agarwal, who has been serving as the Director (Finance) at Mazagon Dock, brings an impressive track record of over 31 years of experience in the Oil & Gas sector. His extensive background has equipped him with a deep understanding of financial management, business strategy, and industry-specific challenges.
Prior to his appointment at Mazagon Dock Shipbuilders, Agarwal was serving as the Executive Director (Finance) at Indian Oil Corporation Limited (IOCL), one of India’s leading public sector enterprises and a Maharatna company. At IOCL, he played a crucial role in various areas, including international trade, treasury, business development, research and development, and corporate auditing. Agarwal’s journey with IOCL began in 1994, and his career there spanned across multiple key positions, shaping his expertise in diverse aspects of corporate finance.
In addition to his vast professional experience, Agarwal is a Fellow Member of the Institute of Cost and Works Accountants of India (ICWAI) and the Institute of Chartered Shipbrokers, London, further underscoring his financial acumen and industry knowledge.
His new role as CFO at Mazagon Dock Shipbuilders will see him leading the company’s financial strategy, ensuring strong fiscal management while contributing to its growth and operational efficiency. This appointment marks a significant step for the company as it continues to strengthen its financial leadership in the competitive defense and shipbuilding sector.
The company’s filing also highlighted the pivotal role that Agarwal will play in steering Mazagon Dock’s financial direction, leveraging his profound industry experience and leadership qualities.
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