India Steel Works Limited approved the appointment of Shri Varun S. Gupta, the existing Managing Director of the Company, as the Chief Financial Officer of the Company with effect from the start of business hours on 22 March, 2022 in its board meeting held on March 21, 2022. Mr. Varun Gupta is a graduate in Business administration from the Bond University, Gold Coast, Australia. He started his Career as a sales representative in Australia and later joined the Company in 2007 as a Management Trainee.

On December 29, 2008 he was appointed as Management Executive. On 17 December, 2009 he was appointed as an Additional Director by the Board and appointed as Executive Director w.e.f 1.07.2010 for a period of 3 years.& has been re-appointed from time to time thereafter, He was reappointed as the Executive Director effective 20 August 2021 for a period of 3 years: He was the CEO of the Company up to 13 November 2021 and was appointed as the Managing Director w.e.f 15 November 2021 for a period of 3 years. He is looking after financing, productions, sales, purchases etc., and has heen successfully leading the business of the Company under supervision of the Board of Directors.