Excelsoft Technologies Appoints Poonacha Paruvangada Appaiah as Chief Financial Officer
Excelsoft Technologies Limited, formerly known as Excelsoft Technologies Private Limited, announced the appointment of Mr. Poonacha Paruvangada Appaiah as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The appointment was formalized by the Board of Directors at a meeting held on August 07, 2026.The decision to appoint Mr. Appaiah followed recommendations from the Nomination and Remuneration Committee and subsequent assessment and approval by the Audit Committee.
Mr. Poonacha Paruvangada Appaiah brings extensive experience in finance and business leadership, with approximately thirty years dedicated to strategic financial management, treasury functions, taxation, and financial reporting. His expertise covers risk management, internal financial controls, people management, and business restructuring.
Educationally qualified, Mr. Appaiah is an Associate Member of the Institute of Chartered Accountants of India (ICAI) and a certified Cost Accountant from the Institute of Cost Accountants of India (ICMAI). He holds a Bachelor of Commerce degree from St. Joseph's College of Commerce. Prior to joining Excelsoft Technologies Limited, his career included serving as Vice President - Finance & Accounts at India Cements Limited and holding senior leadership roles, including CFO and Head of Finance, with United Breweries Limited.
As confirmed in the relevant records, Mr. Poonacha Paruvangada Appaiah has no relationship with any current Directors or Key Managerial Personnel of the Company.
Key details regarding the appointed KMP are presented below:
| Aspect | Detail |
|---|---|
| Name | Mr. Poonacha Paruvangada Appaiah |
| Role | Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) |
| Date of Appointment | August 07, 2026 |
| Experience Profile | Approximately 30 years in strategic financial management, risk management, taxation, and financial reporting. |
| Qualifications | Associate Member of ICAI; Cost Accountant (ICMAI); Bachelor of Commerce degree. |
| Shareholding | Nil |
The Board meeting commenced at 15:30 (IST) and concluded at 19:45 (IST).
EXCELSOFT Stock Price Movement
On Friday, Excelsoft Technologies Limited shares slipped by 0.05% to settle at ₹83.65. The stock saw a total traded volume of 1.06 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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