Varroc Engineering Limited at the SBM, the board has approved the appointment of Mr. K. Mahendra Kumar as Group Chief Financial Officer of the Company effective from his date of joining in the month of September 2022 consequent to the resignation of present incumbent Mr. T. R. Srinivasan, who will be relieved from the services from the close of business hours on August 31, 2022. Mr. K Mahendra Kumar is a Commerce Graduate from Vijayawada University, qualified Chartered Accountant from the Institute of Chartered Accountants of India and also a Management Accountant from the Certified Institute of Management Accountants (CIMA), UK. He has over 2 decades of experience in the finance function and highly accomplished career record with large European and American MNCs and Indian Conglomerates having worked in diverse sectors such as chemicals, automotive, information technology, wind energy and elevators and having areas of expertise in M&A, Risk Management, Digital Transformation, Cost Reduction, Long Term Strategies, Debt Reduction, Stakeholder Management, Profitability Improvement etc.

His last assignment was as an Executive Vice President and Chief Financial Officer of Tube Investments of India Ltd. He started his career with Southern Petrochemical Industries Corporation Ltd. and subsequently, worked with Ford India Private Ltd. and Vestas India Ltd. and worked as Finance Director (India) at Kone Elevator India Private Ltd., Chennai.