Innovative Tyres & Tubes Appoints Anand Gupta as CFO After Robin Chawla’s Exit

Innovative Tyres & Tubes Ltd has announced a key leadership change in its finance department, with Anand Gupta stepping in as Chief Financial Officer following the resignation of Robin Chawla. The transition comes amid the company’s ongoing efforts to stabilize operations and strengthen governance after a challenging financial period.

 

Key Highlights:

 

- Robin Chawla, who served as CFO and Director, has officially resigned from his post. His tenure included navigating the company through insolvency proceedings and a major restructuring plan approved by the NCLT in 2023.

- Anand Gupta has been appointed as the new CFO, bringing fresh oversight to the company’s financial strategy. His appointment was confirmed in the latest board filings and is expected to be effective immediately.

 

Leadership Context:

 

- The company’s management team has undergone several changes in recent quarters, including the induction of Munish Chawla as Managing Director and other board-level adjustments.

- Gupta’s appointment is seen as part of a broader effort to rebuild investor confidence and improve financial transparency.

 

Strategic Outlook:

 

- Innovative Tyres & Tubes is currently implementing a Rs 42.11 crore resolution plan led by Ten on Ten Rubtech Pvt Ltd, aimed at reviving operations and settling creditor claims.

- The new CFO is expected to play a central role in executing the financial roadmap, including debt servicing, cost optimization, and capital allocation.

 

Sources: Economic Times, Simply Wall St, Moneycontrol, Innovative Tyres & Tubes Investor Filings, Insolvency Tracker India, MarketScreener India