Jindal Stainless Limited appoints CEO Tarun Khulbe as CFO. Mr. Tarun Kumar Khulbe will be designated as key managerial personnel and senior management personnel of the Company in his capacity as CFO (in addition to him already being KMP & SMP as CEO of the Company).

Jun 25, 2025

Jindal Stainless Limited (JSL) has announced key strategic developments to bolster its leadership and global manufacturing presence. The company’s Board of Directors, in a meeting held today, approved the appointment of Mr. Tarun Kumar Khulbe, CEO and Whole-time Director, as the Chief Financial Officer (CFO) with immediate effect. With this expanded role, Mr. Khulbe will serve as both CEO and CFO, further consolidating leadership at the helm.

An industry veteran with over 35 years of experience, Mr. Khulbe has played a pivotal role in JSL’s operational transformation and strategic growth. His leadership has spanned across functions such as finance, corporate affairs, sales & marketing, and key business initiatives. Mr. Tarun Kumar Khulbe will be designated as key managerial personnel (“KMP”) and senior management personnel (“SMP”) of the Company in his capacity as CFO (in addition to him already being KMP & SMP as CEO of the Company).

In another major move, JSL announced that PT Glory Metal Indonesia (PT GMI), its joint venture for developing a 1.2 million tonnes per annum stainless steel melt shop in Indonesia, will now be made a step-down subsidiary. Although the company already holds a 49% equity stake through a wholly owned arm, this shift allows JSL to appoint a majority of directors on PT GMI’s board, granting effective control.

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This strategic alignment is expected to enhance JSL’s global supply chain integration and reinforce its commitment to scaling international operations. The transition is set to be completed in Q2 FY26.