Castrol India Limited, a leader in automotive and industrial lubricants, has announced the appointment of Mrinalini Srinivasan as its new Chief Financial Officer (CFO), effective July 28, 2025. She succeeds Deepesh Baxi, who left the role in March 2025 to pursue other opportunities.
As CFO, Mrinalini will lead Castrol India's financial function and will be an integral part of the leadership team. She will help shape and support Castrol's strategy, oversee financial planning, and guide risk management and governance practices.
"It is a privilege to be part of a company with such a rich legacy and strong values. I look forward to collaborating with my colleagues across Castrol," said Srinivasan.
Mrinalini will work closely with the interim CFO, Vishal Thakkar, through August to ensure a smooth transition. Vishal has been supporting the finance function during this period, and the company extends its gratitude for his leadership and steady guidance over the past few months.
Mrinalini joins Castrol with over 17 years of experience at P&G India, a publicly listed company. She has held a variety of leadership roles across different business units and regions, including Asia, the Middle East, and Africa. Throughout her career, she has led strategic planning, business forecasting, compliance, and commercial finance projects, helping to build financial resilience and operational discipline within the organisation.
In her most recent position, she served as the CFO for the Hygiene and Health business and was also the Group Controller at P&G India. Beyond her core finance responsibilities, Mrinalini has been a strong advocate for inclusive workplaces and has led diversity, equity, and inclusion efforts at P&G India. She is an alumna of the Faculty of Management Studies (FMS) Delhi and graduated with a gold medal in engineering from SGSITS Indore.
Welcoming Mrinalini to the team, Kedar Lele, Managing Director of Castrol India Limited, stated, "As we continue to transform our business, the finance function is crucial to enabling this journey through discipline, agility, and forward-looking decision support. Mrinalini's experience in navigating complex business environments and driving alignment across teams will be a valuable asset. We are pleased to welcome her to the leadership team."
Rakesh Makhija, Chairman of the Board of Castrol India Limited, added, "We are delighted to welcome Mrinalini to the board. Her extensive experience and balanced approach will be key as we work to strengthen our foundations and maintain our focus on long-term sustainable growth."