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

Current CFO Gopal Mahadevan will continue with the company as its Director - Strategic Finance and M&A.

Autocar Pro News Desk By Autocar Pro News Desk calendar 24 May 2024 Views icon3903 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
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.

OLX India's Top 10 tips to extend the lifespan of your used car 

auther Autocar Pro News Desk calendar15 Jun 2024

Identifying fluid leaks and getting them repaired during service center checkups is very important.

Hyundai India files DRHP for IPO: Plans to dilute up to 17.5% stake

auther Autocar Pro News Desk calendar15 Jun 2024

This is the first IPO by a carmaker in over two decades since Maruti Suzuki India was listed in 2003. The offering compr...

M&M pips Tata Motors' market cap to become second most valued automaker

auther Autocar Pro News Desk calendar14 Jun 2024

Shares of M&M hit a new record on Friday to surpass Tata Motors as the second most-valued automaker in the country after...