Shri Ajay Bhadoo, IAS appointed Managing Director; Shri Roopwant Singh, IAS ceases

Leadership change at the top.

Tue 29 Sep 2026

Incoming MD

Shri Ajay Bhadoo, IAS

Outgoing MD

Shri Roopwant Singh, IAS

Effective Date

29th September, 2026

MD Background

IAS officer of 1999 batch, Gujarat cadre, with over two decades of experience in public administration

What happened

The company informed the exchanges that the Government of Gujarat, through a General Administration Department notification dated 28th September, 2026, appointed Shri Ajay Bhadoo, IAS as Managing Director, vice Shri Roopwant Singh, IAS.

• Shri Ajay Bhadoo assumed charge as Managing Director with effect from 29th September, 2026.
• Shri Roopwant Singh ceased to be Managing Director with effect from 29th September, 2026.

About the incoming MD

• IAS officer of the 1999 batch, Gujarat cadre, with over two decades of experience in public administration and policy.
• Holds a degree in Civil Engineering and a Master's degree in Business Law from National Law School of India University, Bengaluru.
• Past roles include Deputy Election Commissioner at the Election Commission of India, Joint Secretary to the former President of India, Secretary to former Chief Minister of Gujarat, Vice Chairman & CEO of Gujarat Maritime Board, and Commissioner of Rajkot and Vadodara Municipal Corporations.
• Also served as Additional Secretary in the Department of Commerce, Government of India, and as CEO of Government e Marketplace (GeM).

Other disclosures

• He is not related to any Director of the company.
• He has not been debarred from holding the office of Director by any SEBI order or other authority.

What it means for investors

As a Government of Gujarat enterprise, the company's Managing Director is appointed by the state government, and such changes are administrative in nature. Investors typically watch for continuity in strategy and execution under new leadership.

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