Kaarya Facilities and Services Ltd Appoints Jitendra Rathod as Chief Financial Officer
Kaarya Facilities & Services Limited announced the appointment of Mr. Jitendra Rathod as its Chief Financial Officer (CFO), effective April 3, 2026. The appointment was made following the recommendation of the Nomination and Remuneration Committee.Mr. Jitendra Rathod has been associated with Kaarya Facilities & Services Ltd since June 2010 and brings over 15 years of extensive experience across operations, commercial functions, and financial management. His tenure within the organization has seen him progress through several leadership roles, most recently serving as Business Head - Commercials.
The Board believes Mr. Rathod's cross-functional experience, financial acumen, and deep organizational understanding make him suitable for the role of CFO. His appointment is anticipated to bolster the Company's financial governance, operational efficiency, and strategic growth initiatives.
A detailed summary of the appointment details is presented below:
| Particulars | Description |
|---|---|
| Reason for Change | Mr. Jitendra Rathod has been appointed as Chief Financial Officer of the Company. |
| Date of Appointment | April 3, 2026 |
| Term of Appointment | N/A |
Experience and Functional Exposure
Throughout his long association with the Company, Mr. Rathod has gained significant exposure to various critical functions. His experience encompasses budgeting, cost control, financial planning, and vendor management. He has been actively involved in the financial oversight of multi-location operations, focusing on ensuring cost optimization and profitability across various sites.Key functional areas of his expertise include:
- Procurement management and billing validation.
- Finalization of Annual Maintenance Contracts (AMC).
- Statutory compliance and payroll governance.
- Financial documentation and MIS reporting.
His background reflects a strong ability to align operational execution with financial objectives, thereby driving efficiency and cost optimization.
Mr. Rathod's career progression with the company includes:
- Operations Manager (2010 - 2012)
- Senior Operations Manager (2012 - 2015)
- AGM - Operations (2015 - 2019)
- Business Head - Commercials (2019 - Present)
Stock Price Movement
As of 1:04 PM, Kaarya Facilities and Services Ltd shares are falling, currently sitting at ₹26.83, reflecting a drop of 4.99%. The stock is trading completely flat, as its intraday high and low remain pinned at ₹26.83.Source:
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