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Tag: CFO appointment

  • Pine Labs appoints Sameer Kamath as CFO ahead of IPO; Shalini Saxena returns as General Counsel

    Pine Labs appoints Sameer Kamath as CFO ahead of IPO; Shalini Saxena returns as General Counsel

    Mumbai: IPO-bound Pine Labs has announced two key leadership appointments ahead of its planned public offering: Sameer Kamath is set to join as chief financial officer, while Shalini Saxena returns
    as general counsel. The announcement follows closely on the heels of the company’s draft red herring prospectus (DRHP) filing with the Securities and Exchange Board of India (SEBI) on 27 June.

    Kamath, currently group CFO at Avendus Capital, brings over two decades of financial leadership experience. He previously served as CFO at Motilal Oswal. He replaces Marc Mathenz, who stepped down in June shortly before the DRHP was filed.

    Saxena re-joins Pine Labs after her tenure as legal head at CoinDCX. She had earlier served as general counsel at Pine Labs from 2019 to 2022. Her return signals renewed legal leadership focus as the company navigates regulatory and compliance processes tied to its public listing.

    Pine Labs’ senior leadership team now includes:

    Amrish Rau, chief executive officer

    Kush Mehra, chief business officer

    Sumit Chopra, chief operating officer

    Navin Chandani, chief business officer – issuing business

    The Gurugram-based fintech firm is looking to raise Rs 2,600 crore via a combination of fresh equity issue and an offer-for-sale (OFS) of up to 147.8 million shares. Pine Labs is reportedly seeking a valuation in the range of $4.5–5 billion. Key shareholders include Peak XV Partners, Mastercard, PayPal, and Actis.

    The appointments place Pine Labs alongside a growing cohort of Indian startups accelerating towards public markets-a signal of rising maturity within the country’s fintech and technology sectors.

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  • Epack Group names Narayan Lodha as executive director and group CFO to sharpen financial play

    Epack Group names Narayan Lodha as executive director and group CFO to sharpen financial play

    MUMBAI: When a conglomerate with IPOs on the radar and diversified ambitions across durables, prefab, and packaging needs a steady hand on the financial tiller, it turns to a pro. Epack Group has done just that by appointing Narayan Lodha as its executive director & group chief financial officer, effective immediately.

    The move signals Epack’s intent to bolster its financial firepower as it deepens its presence across consumer durables, prefabricated construction, EPS-based packaging, and petrochemicals. Lodha, a CA & company secretary, brings over 25 years of experience in corporate finance, capital markets, and strategic planning.

    He steps into the role with an extensive resume: Lodha previously held senior posts at Vikram Solar, Inox Wind, Ravindra Energy, and Indian Energy Exchange. His track record includes leading IPOs, private equity placements, and debt raises. He also played critical roles in turnaround strategies and capital optimisation in India’s manufacturing and renewables sectors.

    “We are delighted to welcome Narayan to the Epack family. His depth of experience in financial strategy and capital markets will be invaluable as we embark on our next phase of accelerated growth. His leadership will help us stay agile, resilient, and aligned with our long-term vision”, said Epack Group group chairman & whole-time director Bajrang Bothra.

    Lodha’s appointment comes on the heels of robust year-on-year growth for Epack Group. Epack Durable is already listed, and Epack Prefab Technologies has filed its Draft Red Herring Prospectus (DRHP) in preparation for a planned IPO. In this context, Lodha’s mandate is clear: reinforce governance, optimise capital deployment, and steer financial strategy to power Epack’s ascent.

    “I am excited to join Epack Group at such a dynamic time in its journey. The Group has built a solid reputation for innovation, agility, and operational excellence. I look forward to working closely with the leadership team to strengthen our financial systems, support strategic growth, and create long-term value for all stakeholders”, said Lodha.

    His leadership is expected to support a sweeping transformation, as Epack Group scales its ambitions with a sharper focus on fiscal discipline and stakeholder trust.