Electrotherm Appoints Raj Kumar Bansal and Harish Mukati to Board
Electrotherm (India) Limited appointed Mr. Raj Kumar Bansal as Non-Executive Independent Director for five years from July 20, 2026. Mr. Harish Mukati was appointed Whole Time Director & CEO for three years from July 20, 2026, subject to member approval. Both appointments are effective July 20, 2026.
The appointment of two new directors, one as an independent director and another as a whole-time director and CEO, signifies a significant strengthening of the company's leadership and governance structure, which can have a medium-term impact on strategic decisions and operational performance.
The appointment of experienced individuals to key directorial positions is generally viewed positively as it can bring valuable expertise and strategic direction to the company.
Electrotherm (India) Limited announced key appointments following a Board of Directors meeting held on July 20, 2026. The Board approved the appointment of Mr. Raj Kumar Bansal as an Additional Director in the category of Non-Executive Independent Director. He will hold this position for a term of five consecutive years, from July 20, 2026, to July 19, 2031, and will serve as an Additional Director until the next Annual General Meeting.
Mr. Bansal, aged 67, is a Chartered Accountant with approximately 40 years of experience in the banking and asset reconstruction industry. His expertise spans various banking functions, including corporate banking, project appraisal, retail banking, international banking, finance, and operations. He previously served as the Managing Director and CEO of Edelweiss Asset Reconstruction Ltd. and as President of Edelweiss Financial Services Limited until June 2026. He has also held leadership roles at StockHolding Corporation of India Limited, IDBI Mutual Fund, and IDBI Federal Life Insurance.
Furthermore, the Board approved the appointment of Mr. Harish Mukati, currently the Chief Executive Officer of the Steel Division, as an Additional Director and Whole Time Director & Chief Executive Officer of the Company. His appointment as an Additional Director is effective until the next Annual General Meeting. His term as Whole Time Director & CEO is for three years, from July 20, 2026, to July 19, 2029, subject to shareholder approval.
Mr. Mukati, approximately 49 years old, holds a Bachelor of Engineering in Civil & Structural Engineering from NIT Bhopal and has completed Executive Management Studies from IIM Ahmedabad. He has been associated with Electrotherm as CEO of the Steel Division since November 14, 2024, and brings over 25 years of experience in strategic planning and business operations within the engineering and steel industries.
The Board meeting commenced at 11:45 a.m. and concluded at 1:20 p.m. on July 20, 2026.
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