KM Balaji to be Ashok Leyland’s new CFO from June 1

India’s leading commercial vehicle maker Ashok Leyland today said it has appointed KM Balaji as its new chief financial officer, effective June 1. He is currently the deputy CFO of the company. Its current CFO and whole-time director Gopal Mahadevan will assume the role of director for Strategic Finance and M&A at Ashok Leyland.

“Balaji has held a distinguished career with Ashok Leyland spanning 31 years where he has gained considerable experience in handling and managing different facets of the Finance function such as MIS, Budgeting, Product Cost Engineering, Indirect Taxes, Treasury, Investor Relations, Payables and Receivables,” the company said in a release.  

Mahadevan will continue to serve on Ashok Leyland’s board and its subsidiaries. “In his new role, Gopal shall focus on the growth agenda of Ashok Leyland’s subsidiary companies as well as M&A strategies of Ashok Leyland,” the company said.

Today, the company reported a record set of numbers for the financial year 2024 on the back of robust improvement in its margins.