Castrol India Appoints Mrinalini Srinivasan as CFO, Succeeding Interim Finance Head Vishal Thakkar

Castrol India Ltd has announced a key leadership transition with the appointment of Mrinalini Srinivasan as its new Chief Financial Officer, effective July 10, 2025. The move marks the end of Vishal Thakkar’s interim tenure, who had been holding the CFO role since June 12, 2025. The appointment is expected to bring long-term financial stewardship and strategic continuity to the company’s evolving growth agenda.

Key Highlights and Leadership Transition:

Mrinalini Srinivasan brings over two decades of experience in financial planning, investor relations, and corporate governance across the energy and manufacturing sectors.

She previously served as Vice President – Finance at a leading multinational energy firm, where she led digital finance transformation and capital allocation strategies.

Her appointment follows the conclusion of Vishal Thakkar’s interim CFO role, during which he oversaw quarterly earnings, compliance, and internal controls.

Thakkar, who remains with Castrol in a senior global finance role, was instrumental in maintaining financial discipline during the transition period.

Strategic Outlook and Governance Focus:

The leadership change comes at a time when Castrol India is navigating a dynamic lubricant market, with rising input costs and evolving mobility trends.

Srinivasan is expected to play a pivotal role in driving margin resilience, digital finance integration, and ESG-aligned capital deployment.

The board expressed confidence in her ability to align financial strategy with Castrol’s long-term innovation and sustainability goals.

Sources: Castrol India Board Filings, BSE Announcements, StockInsights.ai, Economic Times Corporate Desk, Company Press Release (June 2025)