Board approves Suneel Kumar Munaga as CFO and Key Managerial Personnel from January 1, 2027

ABB India's Board approved Mr. Suneel Kumar Munaga as Chief Financial Officer and Key Managerial Personnel with effect from January 1, 2027.

Tue 6 Oct 2026

Role Appointed

Chief Financial Officer and Key Managerial Personnel

Effective Date

January 1, 2027

Board Meeting Date

October 6, 2026

What was announced

• The Board of Directors of ABB India Ltd, at its meeting held on October 6, 2026, approved the appointment of Mr. Suneel Kumar Munaga as the Chief Financial Officer and Key Managerial Personnel of the Company.
• The appointment is with effect from January 1, 2027, on the terms and conditions approved by the Board.
• The decision followed the recommendation of the Nomination and Remuneration Committee and the Audit Committee.

Who is Mr. Munaga

• He is presently Vice President and Business Area Controller (Electrification) at ABB India Ltd, responsible for the financial leadership, governance, profitability, compliance and business performance of the Electrification Business Area across India and several international markets in Asia and Africa.
• He is a seasoned finance and business leader with over 28 years of experience across multinational corporations and public sector enterprises, in the areas of finance, business control, corporate governance, compliance, strategic planning, business transformation and performance management.
• During his career he has held leadership positions with ABB India Ltd, NTPC Ltd, Hansen Drives Ltd, Tecumseh Products India Private Ltd, Hindustan Aeronautics Ltd and Bharat Heavy Plate & Vessels Ltd, gaining experience in financial management, business partnering, project finance, operational excellence and transformation initiatives.
• He is a Commerce Graduate and a qualified Cost & Management Accountant (CMA). He secured All India 13th Rank in the CMA Final Examination, was a University Rank Holder in B.Com and has completed the Finance Leadership Program at IMD.

How to read this

• This is a change in management: a new Chief Financial Officer and Key Managerial Personnel has been approved for the company.
• The person moving into the role is an internal candidate, currently heading the finance side of the Electrification Business Area at ABB India.
• The change takes effect from January 1, 2027, so the role transitions on that date.
• The update describes his background in financial stewardship, corporate governance, risk management, business transformation and strategic decision support.

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