Why is Avinash Jain leaving his post?

Jain is moving to a group-level role within the parent company. His resignation is effective June 21.

Who is the new CFO and what is his background?

Manish Agarwal is a chartered accountant with **22 years** of experience. He previously held senior finance roles at Shell and Olam Group.

What is Agarwal's track record?

At Olam Group, Agarwal helped spin off Mindsprint. That business was later acquired by Wipro for **$375 million**.

When does the leadership change take effect?

Jain steps down on June 21, and Agarwal assumes the CFO role on June 22.

Software Services · Small cap

Alldigi Tech appoints Manish Agarwal as new CFO

Avinash Jain leaves the CFO role for a group-level position, making way for former Olam and Shell executive Manish Agarwal.

ALLDIGI 26 May 2026 · 5:59 PM IST Verify on BSE · NSE

Mkt cap₹1,276 cr

P/E15.52×

ROE32.10%

Debt / eq.0.00

Div yld7.21%

22 years Experience of incoming CFO Manish Agarwal in senior finance roles.

What's new

CFO Avinash Jain resigns effective June 21 to take a group-level role.
Manish Agarwal takes over as CFO on June 22.
Agarwal previously led finance at Olam Group and helped spin off Mindsprint.

Why this matters

Leadership changes at micro-cap firms often trigger investor caution. However, Agarwal's background at major multinationals like Shell and Olam suggests a high-caliber replacement that likely stabilizes the transition.

What we're watching

Any shifts in financial reporting or disclosure quality under the new CFO.
The specific nature of Jain's new group-level responsibilities.
Whether the company maintains its current growth trajectory.

The full read

Alldigi Tech is rotating its financial leadership. CFO Avinash Jain is stepping down on June 21 to accept a group-level role within the parent organization. His successor, Manish Agarwal, joins the company on June 22.

Agarwal brings 22 years of experience, including senior finance stints at Shell and Olam Group, and his most notable recent work involved the spin-off of Mindsprint, which Wipro later acquired for $375 million. For a micro-cap firm, the departure of a key executive usually introduces uncertainty, yet the transition appears orderly. Agarwal's track record with large-scale corporate finance suggests a focus on operational rigor. The next test is whether this change in stewardship alters the company's financial reporting or strategic direction. It is a significant upgrade.

Questions answered

Why is Avinash Jain leaving his post?: Jain is moving to a group-level role within the parent company. His resignation is effective June 21.
Who is the new CFO and what is his background?: Manish Agarwal is a chartered accountant with 22 years of experience. He previously held senior finance roles at Shell and Olam Group.
What is Agarwal's track record?: At Olam Group, Agarwal helped spin off Mindsprint. That business was later acquired by Wipro for $375 million.
When does the leadership change take effect?: Jain steps down on June 21, and Agarwal assumes the CFO role on June 22.

Mentioned: Avinash Jain · Manish Agarwal · Olam Group

Primary source BSE · NSE · Tijori

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