Jindal Stainless Limited announced the appointment of Mr Kunjal Mehta as Chief Financial Officer (CFO), effective from June 25, 2026. The appointment was approved by the Company's Board of Directors in Delhi on the same date.
Mr Mehta is a seasoned finance professional with over 25 years of experience across multiple sectors including steel, power, ports and logistics, and technology. He will lead the company's financial strategy and play a key role in its next phase of growth, expansion, and value creation.
As CFO, Mr Mehta will oversee the company's finance function, including treasury, capital management, financial planning, investor relations, risk management, and strategic growth initiatives.
Professional Background
Prior to joining Jindal Stainless, Mr Mehta served as Chief Financial Officer at Adani Energy Solutions Limited. He has also held senior leadership positions at Adani Electricity Mumbai Limited, Adani Ports & Special Economic Zone Limited, and Essar Steel India Limited.
Mr Mehta is a qualified Chartered Accountant and Cost Accountant with extensive experience in corporate finance, resource mobilisation, treasury and working capital management, financial planning and analysis, investor relations, governance, assurance and risk management. He has led several financial initiatives across domestic and international markets and driven finance transformation programmes across large organisations.
Management Commentary
Managing Director Mr Abhyuday Jindal commented: "As Jindal Stainless continues to strengthen its leadership position and pursue its long-term growth strategy, financial stewardship and disciplined capital management remain critical priorities. Kunjal brings deep expertise across corporate finance, treasury, fundraising, and business transformation, along with a strong track record of value creation in large and complex organisations."
Mr Kunjal Mehta stated: "I am delighted to join Jindal Stainless at a defining stage in its growth journey. The company has built a strong leadership position in the stainless steel sector through its focus on innovation, operational excellence, sustainability, and customer-centricity."
Company Background
Jindal Stainless is India's leading stainless steel manufacturer with an annual turnover of ₹42,955 crore (USD 4.86 billion) in FY26. The company is ramping up its facilities to reach 4.2 million tonnes of annual melt capacity in FY27.
The company has 16 stainless steel manufacturing and processing facilities in India and abroad, including in Spain and Indonesia, and a worldwide network in 12 countries as of March 2026. In India, there are ten sales offices and six service centers as of March 2026.
Product range includes stainless steel slabs, blooms, coils, plates, sheets, precision strips, wire rods, rebars, blade steel, and coin blanks. The company uses electric arc furnace technology which reduces greenhouse gas emissions and allows for recyclability of scrap.