Suzlon shares gain nearly 4% after board approves appointment of new CFO Rahul Jain

Shares of Suzlon Energy Ltd. gained nearly 3% on Wednesday, October 29, after the company said its board of directors has approved the appointment of Rahul Jain as the chief financial officer, with effect from December 15, 2025.

Jain recently resigned from his position as Group CFO at SRF Ltd., where he spent nearly 17 years.

He led financial transformation at SRF by streamlining systems, leveraging technology, and strengthening financial discipline during his tenure, Suzlon said in an exchange filing. His work supported SRF's inorganic and organic growth by identifying new avenues, unlocking capital allocation, among others, Suzlon said.

Prior to SRF, Jain worked at Jubilant Organosys Chartered Ltd. for a decade, where he contributed to its growth initiatives, the company added.

Suzlon's vice-chairman said with Jain's expertise in financial transformation, mergers and acquisitions, he will play a pivotal role in strengthening the company's capabilities and building a future-ready conglomerate.

Suzlon CEO JP Chalasani said Jain's expertise will help the company evaluate new areas for high growth, while strengthening financial health and corporate governance further.

"I will work with other leaders on driving profitability, building a more sustainable business while further strengthening its financial resilience and creating long-term value for shareholders," Jain said.

Jain is a chartered accountant by profession.

Suzlon's previous CFO Himanshu Mody tendered his resignation in August. He later joined Sammaan Capital as the deputy CEO of the company in September.

Shares of Suzlon Energy gained 3.8% to hit an intraday high of ₹58.38 apiece on Wednesday. The stock was up 3.7% at 58.3 apiece around 10.25 am. It has declined 11% this year, so far.

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