Who is Ravi Narayan Joshi and why did he resign?

He was the Deputy CFO of Balkrishna Industries, with 5.5 years at the company. He resigned to pursue the next phase of his professional journey, and the company states no material reasons beyond that.

How does this relate to the recent CFO change?

It follows the superannuation of the previous CFO and the appointment of Saroj Kumar Khuntia as CFO on June 17. Joshi's resignation is likely part of the natural transition in finance leadership.

Is this resignation a sign of trouble at Balkrishna Industries?

No. The company explicitly says there are no material reasons for the exit. Combined with the recent CFO retirement, it's a normal management transition, not a surprise governance issue.

When does Joshi's resignation take effect?

His last day is July 25, 2026, giving about a month's notice for a smooth handover.

How large is Balkrishna Industries and has its performance been strong?

Market cap is about ₹43,000 cr. Trailing revenue growth is 6.6%, but PAT fell 18.8% in the latest trailing twelve months. The March 2026 quarter showed sales of ₹2,933 cr and net profit of ₹299 cr.

Tyres · Large cap

Balkrishna Industries' Deputy CFO quits weeks after new finance chief appointed

Ravi Narayan Joshi leaves after 5.5 years, effective July 25. Company says no material reason beyond personal career move.

— 1 earlier story on Balkrishna Industries Ltd. →

BALKRISIND By Tipsheet Editorial 23 Jun 2026 · 4:36 PM IST Verify on BSE · NSE

Mkt cap₹43,179 cr

P/E34.74×

ROE15.93%

Debt / eq.0.31

Div yld0.72%

5.5 years Deputy CFO's tenure at Balkrishna Industries

What's new

Deputy CFO Ravi Narayan Joshi resigned on June 22, effective July 25.
Exit comes just after new CFO Saroj Kumar Khuntia took over from the retiring Bajaj.
Company confirms no material reasons beyond Joshi's stated professional decision.

Why this matters

A Deputy CFO resigning is notable, but here it's part of a planned leadership transition following the CFO's superannuation. The company's assurance of no hidden reasons limits the governance sting. For a ₹43,000 cr mid‑cap tyre maker, this is a routine management reshuffle, not a red flag.

What we're watching

Whether the new CFO retains other finance team members or further changes follow.
Any impact on quarterly reporting or analyst interactions in the near term.
If the board fills the Deputy CFO role quickly or absorbs responsibilities.

The full read

Ravi Narayan Joshi, Deputy CFO of Balkrishna Industries, resigned on June 22 with effect from July 25 after 5.5 years at the company. His exit comes just days after the tyre maker appointed a new CFO, Saroj Kumar Khuntia, following the superannuation of the previous finance head. The company says there are no material reasons behind Joshi's decision beyond his personal career plans. For a ₹43,000 cr mid‑cap, a Deputy CFO departure is a routine governance event — especially when it's part of a planned leadership transition. The real test is how quickly Khuntia stabilizes the finance function.

Questions answered

Who is Ravi Narayan Joshi and why did he resign?: He was the Deputy CFO of Balkrishna Industries, with 5.5 years at the company. He resigned to pursue the next phase of his professional journey, and the company states no material reasons beyond that.
How does this relate to the recent CFO change?: It follows the superannuation of the previous CFO and the appointment of Saroj Kumar Khuntia as CFO on June 17. Joshi's resignation is likely part of the natural transition in finance leadership.
Is this resignation a sign of trouble at Balkrishna Industries?: No. The company explicitly says there are no material reasons for the exit. Combined with the recent CFO retirement, it's a normal management transition, not a surprise governance issue.
When does Joshi's resignation take effect?: His last day is July 25, 2026, giving about a month's notice for a smooth handover.
How large is Balkrishna Industries and has its performance been strong?: Market cap is about ₹43,000 cr. Trailing revenue growth is 6.6%, but PAT fell 18.8% in the latest trailing twelve months. The March 2026 quarter showed sales of ₹2,933 cr and net profit of ₹299 cr.

Mentioned: Ravi Narayan Joshi · Balkrishna Industries · Saroj Kumar Khuntia

Primary source BSE · NSE · Tijori

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

Company snapshot

Balkrishna Industries Ltd.

Tyres

₹43,012 cr

P/E 34.60×

Latest quarter · Mar 2026

Sales₹2,933 cr

Net profit₹299 cr

Op. margin+21.8%

EPS₹15.49

Strength & growth

Debt / equity0.31×

Current ratio1.32×

Sales CAGR+12.8%

EPS CAGR+11.1%

Story so far

All notes on BALKRISIND →

23 Jun 2026 · 4:36 PM IST Balkrishna Industries' Deputy CFO quits weeks after new finance chief appointed
19d ago Balkrishna Industries appoints new CFO as Bajaj retires