Polycab India has announced the appointment of Niyant Maru as Executive President – Finance, effective October 17, 2025, and further designated him as Chief Financial Officer (Whole-Time Key Managerial Personnel) under Section 203 of the Companies Act, 2013, effective October 28, 2025.
The appointment follows the resignation of Gandharv Tongia, Executive Director & CFO, effective from the close of business hours on October 27, 2025. To ensure continuity and provide additional time for the company to select a permanent replacement, the Board approved Maru’s appointment for a fixed-term assignment of nine months, ending on July 16, 2026. He will subsequently continue as an Advisor for the remainder of his tenure.
Maru is a Chartered Accountant. He brings 35 years of cross-industry experience, having served in leadership roles across cosmetics, steel, telecom, hotels, real estate, infrastructure, and aviation sectors. He spent nearly 28 years with the Tata Group, including as CFO of Tata SIA Airlines (Vistara) prior to its merger with Air India, and later superannuated as Senior Vice President – Finance at Air India Limited in May 2025.
