Hindware appoints Raj CEO, Bali CFO and Jain company secretary

On 13 November 2026, Hindware Home Innovation Limited appointed Nitesh Raj as chief executive officer, Amit Bali as chief financial officer, and Kushal Jain as company secretary and compliance officer, with all three becoming key managerial personnel effective that day after board approval.

Who did Hindware appoint on 13 November 2026?

Hindware appointed Nitesh Raj as chief executive officer (CEO), Amit Bali as chief financial officer (CFO), and Kushal Jain as company secretary and compliance officer, all effective 13 November 2026. The board classified each appointee as key managerial personnel (KMP), the designation used in the company’s disclosure for specified senior corporate roles. The company announced the decisions under Regulation 30 of the Securities and Exchange Board of India, or SEBI, Listing Obligations and Disclosure Requirements Regulations, 2015.

Raj’s appointment as CEO followed a recommendation from the nomination and remuneration committee. Bali’s appointment as CFO was approved following recommendations from both the nomination and remuneration committee and the audit committee. Jain’s appointment as company secretary, compliance officer and KMP was also based on the nomination and remuneration committee’s recommendation. The board meeting began at 2:00 p.m. and concluded at 4:00 p.m. on 13 November 2026.

The three appointments cover operating leadership, finance and listed-company compliance. Raj takes the CEO role, Bali takes responsibility for the CFO position, and Jain holds both the company-secretarial and compliance-officer posts. Hindware identified Jain by Institute of Company Secretaries of India membership number A37234 in its 13 November 2026 announcement.

What were Raj and Bali doing before their new roles?

Raj was Hindware’s business head for the consumer business before becoming CEO on 13 November 2026. Hindware said he was already classified as senior management personnel, or SMP, and would continue to be part of SMP after his elevation to CEO and KMP. The filing does not disclose his tenure, remuneration, education or responsibilities beyond the stated consumer-business role.

Bali was finance controller before his appointment as CFO and KMP on 13 November 2026. Like Raj, he was already categorised as SMP and will remain in that classification following the appointment. The disclosure establishes a move from the finance-controller position to the CFO post, but does not state whether a replacement finance controller has been selected or whether duties have changed beyond the CFO designation.

Hindware did not disclose Jain’s immediately preceding position in the announcement supplied. It stated only that he became company secretary, compliance officer, KMP and SMP from 13 November 2026. That distinction matters because the filing provides prior-role information for Raj and Bali, while it provides Jain’s professional membership number but no earlier job title or employment history.

How do the appointments change Hindware’s management structure?

Hindware’s disclosure places all three appointees in both KMP and SMP categories from 13 November 2026. For Raj and Bali, the company said their continuing SMP status is in accordance with Regulation 16(1)(d) of the Listing Regulations. For Jain, it said he will be categorised as SMP under the same regulation in addition to his company-secretary, compliance-officer and KMP responsibilities.

The appointments were made through two board-committee routes. The nomination and remuneration committee recommended all three appointments, while the audit committee also recommended Bali’s CFO appointment. Hindware’s filing therefore distinguishes the selection process for the finance role from the CEO and company-secretary appointments, even though all three took effect on the same date.

The announcement does not name predecessors, identify whether any of the three roles had been vacant, or state the executives’ remuneration and employment terms. It also does not announce a change in board composition: the filing is signed by chairman and non-executive director Sandip Somany and records management appointments approved at the 13 November 2026 board meeting.

What was Hindware’s financial context when the board made the appointments?

Hindware approved its unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026 at the same 13 November 2026 meeting. Consolidated revenue from operations for the half year ended 30 September 2026 was Rs 1,396.07 crore, compared with Rs 1,207.47 crore for the half year ended 30 September 2025. The company also approved segment-wise revenue, results, assets and liabilities, although the appointment notice did not link the executive changes to any financial target.

The quarter ended 30 September 2026 produced consolidated revenue of Rs 770.82 crore, up from Rs 625.25 crore in the preceding quarter ended 30 June 2026. However, EBITDA was Rs 56.02 crore in the September quarter versus Rs 60.24 crore in the quarter ended 30 September 2025. The reported comparison shows higher quarterly revenue while EBITDA was lower year on year.

For the half year ended 30 September 2026, Hindware reported consolidated net profit after tax and share in profit or loss of joint ventures of Rs 10.89 crore, compared with a loss of Rs 24.13 crore a year earlier. EBITDA for the six-month period was Rs 109.87 crore, compared with Rs 117.99 crore in the half year ended 30 September 2025. These figures were approved alongside the appointments, but Hindware did not describe them as a reason for selecting the three executives.

Conclusion

Hindware has constituted leadership across its CEO, CFO and company-secretary functions, effective 13 November 2026. Raj moves from consumer-business leadership into the CEO role, Bali moves from finance controller to CFO, and Jain assumes company-secretarial and compliance duties. Each executive is designated as KMP and SMP under the governance framework described in the filing.

The 13 November 2026 filing sets no operating targets and does not disclose remuneration, employment terms, role predecessors or Jain’s prior position. Subsequent Hindware disclosures are therefore the relevant point to watch for further detail on the appointments, alongside results reporting after the half year ended 30 September 2026, when consolidated revenue was Rs 1,396.07 crore.