MOIL Ltd announced that Ajit Kumar Saxena has ceased to be Chairman-cum-Managing Director following his superannuation on December 31, 2025. Saxena, an IIT-BHU alumnus with nearly four decades of experience in steel and mining, led MOIL to record production and sales milestones during his tenure, marking a transformative phase for the PSU.
Leadership Transition at MOIL Ltd
India’s premier manganese mining company, MOIL Ltd, has formally bid farewell to Shri Ajit Kumar Saxena, who retired as Chairman cum Managing Director on December 31, 2025. Saxena’s tenure, spanning nearly three years, was marked by significant achievements in production, sales, and exploration, positioning MOIL for sustained growth in the mining sector.
Key Highlights:
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Superannuation: Ajit Kumar Saxena stepped down as CMD after completing his service term.
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Professional Background: An IIT-BHU graduate in Metallurgy with an MBA, Saxena brought over 39 years of expertise in steel and mining.
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Career Path: Began as a Management Trainee at SAIL in 1986; later held senior roles at RINL and IISCO before joining MOIL.
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Achievements at MOIL: Guided the PSU to its best-ever performance in FY25, achieving record manganese ore production and sales.
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Recognition: Recipient of the “Young Metallurgist of the Year Award” in 2000 from the Ministry of Steel.
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Future Outlook: The Public Enterprises Selection Board (PESB) has already advertised the CMD post, with a new appointment expected in early 2026.
Saxena’s departure marks the end of a high-performing era for MOIL, with industry observers anticipating continuity in growth under new leadership.
Sources: PSU Connect, MOIL Board of Directors, Indian Mandarins