Why did the interim CFO, Ganesh B J, leave?

His role was always temporary. He was appointed to bridge the gap until a permanent CFO was found, and stepped down upon completion of that transitional period.

What is Ketan Pendse's background?

He is a chartered accountant with 24 years of experience. He joins from TKIL Industries, where he served as CFO and whole-time director.

Was this leadership change a surprise?

No. The company stated the interim arrangement was explicitly designed as a bridge to a permanent hire. This appointment executes that planned succession.

Construction Vehicles · Mid cap

Ajax Engineering installs permanent CFO after planned interim stint

Ketan Pendse, a chartered accountant with 24 years of experience, has been appointed CFO, replacing interim CFO Ganesh B J.

— 1 earlier story on Ajax Engineering Ltd. →

AJAXENGG By Tipsheet Editorial 2 Jun 2026 · 8:15 PM IST Verify on BSE · NSE

Mkt cap₹6,830 cr

P/E30.34×

ROE22.48%

Debt / eq.0.00

24 years Professional experience of the new CFO, Ketan Pendse.

What's new

Ajax Engineering named Ketan Pendse as its permanent CFO, effective June 2.
Interim CFO Ganesh B J stepped down upon completion of his transitional role.
The appointment concludes a planned succession, not an emergency or conflict.

Why this matters

This is a routine, orderly leadership transition. The company filled a known gap with an experienced professional as planned. There is no signal of distress or strategic shift.

What we're watching

Any changes in Ajax Engineering's financial strategy or reporting under new leadership.
How Pendse's capital-allocation priorities may evolve from the interim period.

The full read

Ajax Engineering has made its interim CFO arrangement permanent. Ketan Pendse took charge on June 2, replacing Ganesh B J. The transition is textbook. The company flagged the interim role from the start. A chartered accountant with 24 years of experience, Pendse arrives from TKIL Industries, where he held the CFO seat. There's no drama here. The handoff concludes a planned search, and the finance function now has a steady hand for the long term.

Questions answered

Why did the interim CFO, Ganesh B J, leave?: His role was always temporary. He was appointed to bridge the gap until a permanent CFO was found, and stepped down upon completion of that transitional period.
What is Ketan Pendse's background?: He is a chartered accountant with 24 years of experience. He joins from TKIL Industries, where he served as CFO and whole-time director.
Was this leadership change a surprise?: No. The company stated the interim arrangement was explicitly designed as a bridge to a permanent hire. This appointment executes that planned succession.

Mentioned: Ketan Pendse · Ganesh B J · TKIL Industries

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on AJAXENGG →

2 Jun 2026 · 8:15 PM IST Ajax Engineering installs permanent CFO after planned interim stint
7d ago Ajax Engineering transcript adds no new financial data