Saregama picks Sula Vineyards' CFO Abhishek Kapoor as new finance chief
Abhishek Kapoor, a chartered accountant with 25 years of experience, will take over on 15 July 2026. Kuldeep Kothari will serve as interim CFO for the three-week transition.
— 1 earlier story on Saregama India Ltd. →What's new
- Saregama appoints Abhishek Kapoor as CFO effective 15 July 2026.
- Kapoor is currently CFO of Sula Vineyards, bringing external perspective.
- Kuldeep Kothari, a seven-year Saregama veteran, named interim CFO from 24 June to 14 July.
Why this matters
For a ₹8,967 crore market cap company with steady growth (19.4% revenue trailing), a CFO change is notable but routine. Kapoor's experience at a consumer-facing wine company could signal more disciplined capital allocation, but the statement offers no strategic shift. The orderly transition with an internal interim CFO suggests stability, not crisis.
What we're watching
- Any clarification on outgoing CFO's exit and timing of the succession plan.
- Whether Kapoor's appointment accelerates Saregama's music margin target of 60-65%.
- The interim period: Kothari's performance and any immediate financial decisions.
The full read
Saregama India is bringing in a new CFO from outside the company: Abhishek Kapoor, the finance chief of Sula Vineyards, will take charge on 15 July 2026. Until then, Kuldeep Kothari, a seven-year Saregama insider, will run the finance function. The transition looks orderly: no dispute, no gap. Kapoor's 25 years of experience at a consumer brand may bring a fresh lens to capital allocation, but nothing signals an urgent pivot. The company is on solid footing: ₹287 crore quarterly sales, ₹74 crore net profit, zero debt, and a trailing P/E of 43. For a mid-cap stock, this is a leadership event worth noting, not a cause for alarm. The open question is whether Kapoor will push harder on the 60-65% music margin target Saregama laid out in May.
Questions answered
- Who is Abhishek Kapoor?
- A chartered accountant with over 25 years of experience, currently the CFO of Sula Vineyards. His appointment as Saregama's CFO is effective 15 July 2026.
- When does the CFO change happen?
- Kuldeep Kothari serves as interim CFO from 24 June to 14 July 2026. Abhishek Kapoor takes over permanently on 15 July 2026.
- Why is the outgoing CFO leaving?
- The filing does not specify the reason for the predecessor's exit. There is no indication of dispute or sudden departure.
- Does this signal a strategic shift?
- Not explicitly. Kapoor brings external experience from a different industry, which may introduce new financial strategies, but Saregama frames it as a routine succession.
- Is Saregama's financial performance strong?
- Yes. In the latest quarter (Mar 2026), Saregama posted sales of ₹287 crore and net profit of ₹74 crore. Trailing P/E is 43.3 with zero debt.
Saregama India Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on SAREGAMA →- 24 Jun 2026 · 12:09 PM IST Saregama picks Sula Vineyards' CFO Abhishek Kapoor as new finance chief
- 46d ago Saregama sets 60-65% music margin target, skips Dhurandhar 2