Nature of change: Appointment of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP)
Appointee details: Mr. Abhishek Maheshwari
Effective date: August 19, 2026
Approval process: Based on recommendations of the HR, Nomination & Remuneration Committee and the Audit & Risk Management Committee, approved by the Board of Directors in their meeting held on July 10, 2026
Brief profile: Mr. Maheshwari is a seasoned finance leader with over 21 years of experience across multiple facets of finance including business partnering, strategic planning, budgeting, financial reporting, investor relations, mergers & acquisitions, taxation, compliance, internal controls, and business modelling. He has significant exposure to financial governance frameworks including US GAAP, Indian GAAP, and IFRS.
Current role: Leads finance for Airtel's B2B Business as CFO
Previous experience:
CFO - Airtel Direct to Home (DTH) Business for over four years
Controller and headed finance function for Airtel's AP & MPCG operations across Mobile, Telemedia, and DTH businesses
Progressively senior finance leadership roles within Airtel covering business planning, analytics, consolidation, taxation, investor relations, and management reporting
Earlier worked with Maruti Udyog Limited in budgeting and cost reporting roles
Started career with Lodha & Company handling statutory audits, tax audits and consulting assignments for large corporates
Qualifications: B. Com Hons and qualified Chartered Accountant from ICAI in 2005
Relationship with other directors: Not Applicable (as per disclosure)
Additional responsibilities: From August 19, 2026, Mr. Maheshwari will act as one of the authorised officials for determining materiality of events and making disclosures to stock exchanges
Contact details: cfo.office@industowers.com and 0124-4296766
