Force Motors Accelerates Leadership Change—Meet the New Financial Navigator

Force Motors Limited has announced a significant leadership change in its finance department. Sanjay Kumar Bohra has resigned from his position as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), marking the end of his impactful tenure with the company. Rishi Luharuka has been appointed as the new Group CFO and KMP, effective immediately.

 

Key Highlights:

 

Sanjay Kumar Bohra, who served as CFO since January 2015, is stepping down after a decade-long association with Force Motors. Bohra brought over 27 years of experience in finance, banking, and business process services, playing a pivotal role in shaping the company’s financial strategy and operational excellence.

 

During Bohra’s tenure, Force Motors witnessed robust financial performance, including a reported income of ₹2,374.14 crore and a profit of ₹434.71 crore for the quarter ending March 2025. The company’s return on equity (ROE) reached 26.39% in FY 2025, outperforming its five-year average, reflecting strong financial stewardship.

 

Rishi Luharuka, an accomplished finance professional with over two decades of experience in the automotive and manufacturing sectors, has been appointed as the new Group CFO and KMP. Luharuka is a Chartered Accountant and CFA, previously serving as CFO, Head of Strategy & Sustainability at Gabriel India Limited. His expertise spans leadership, change management, treasury, taxation, and compliance.

 

The Board and the Nomination & Remuneration Committee have expressed confidence in Luharuka’s ability to drive the next phase of growth and financial discipline at Force Motors.

 

This leadership transition underscores Force Motors’ commitment to strengthening its management team and sustaining its momentum in the competitive auto sector.

 

Source: MarketScreener, Economic Times, LinkedIn