Twin Engines for Growth: ISGEC Appoints Gulati & Chatnani as Joint MDs

Leadership Reorganization in ISGEC Heavy Engineering

1. Dual Appointments Signal Strategic Growth
- ISGEC Heavy Engineering Ltd has elevated two top executives—Sanjay Gulati and Kishore Chatnani—to the rank of Joint Managing Directors.
- The move demonstrates ISGEC's desire to enhance its leadership potential to address increasing worldwide demand for its engineering solutions.

2. Sanjay Gulati: Head of Manufacturing to Joint MD
- Gulati, erstwhile Whole-time Director and Head of Manufacturing Units, brings more than three decades of experience in exports, projects, HR and ventures in association.
- He is also Managing Director of ISGEC Hitachi Zosen Ltd, an Indian joint venture with Japan-based firm Hitachi Zosen, which is involved in process equipment for petrochemical and refining industries.
- His elevation reflects ISGEC's focus on excellence in manufacturing and global cooperation.

3. Kishore Chatnani: Finance Strategist Rises to the Occasion
- Chatnani, Whole-time Director and CFO, has been redesignated Joint Managing Director w.e.f. October 1, 2025.
- With over 30 years of experience in finance, treasury, M&A, and investment management, his leadership will drive fiscal responsibility and strategic growth. - His extended stay since 1998 demonstrates extensive institutional knowledge and operational continuity.

Key Takeaway

The concurrent elevation of Gulati and Chatnani is a milestone in the leadership development of ISGEC, striking a balance between production excellence and financial acumen to lead the company into its future growth phase. 

Sources: ISGEC Heavy Engineering Ltd, Rediff MoneyWiz, J.M. Baxi Newsletter, MyCorporateInfo, MarketScreener, Craft.co, ZoomInfo