Intimation regarding appointment of new Group Chief Financial Officer and resignation of the existing Interim Group Chief Financial Officer.
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Updater Services Limited has appointed Mr. Ram Praveen Radhakrishnan as the new Group Chief Financial Officer and Key Managerial Personnel, effective March 17, 2026. He is a Chartered Accountant with about 23 years of experience, previously working at Coromandel International, Caterpillar India, Cognizant, and IndusInd Bank. Following this appointment, Mr. Surinder Kumar has resigned as Interim Group CFO effective from the close of business hours on March 16, 2026. Mr. Kumar will, however, continue as CFO of Denave (a group entity) and support other group finance initiatives. The board has appreciated his services as interim Group CFO.
This is a planned leadership transition at the finance function with no governance concerns flagged; the outgoing CFO continues in a group role, ensuring continuity. The new CFO brings strong credentials from large listed companies, which may be viewed positively by investors.