Vinu Balwant Saini will cease to hold the position of CFO, with effect from the closure of business hours on 23 August 2023. He resigned from the post due to personal reasons.

Sharma has an experience of more than 30 years in finance, operations & compliance in diverse verticals like financials, tax, due-diligences, FDI, SEBI, RBI compliances, and many more. He has been associated with the group for over 23 years.

Rattanindia Enterprises is the flagship company of Rattanindia Group for its new age growth businesses. The company has forayed into electric mobility space through Revolt Motors to democratize clean commute using next-gen mobility solutions.

The company reported a consolidated net profit of Rs 178.78 crore in Q1 FY24 as against Rs 216.04 crore posted in Q1 FY23. Net sales surged 83.9% year on year to Rs 1,267.60 crore in the quarter ended 30 June 2023.

Shares of Rattanindia Enterprises were up 0.33% to Rs 50.96 on the BSE.