President (F&A) Retires; Two Marketing Presidents and Company Secretary Promoted
Visaka has reported leadership changes effective September 30, 2026.
- Retirement Effective Date
- September 30, 2026
- Retiring Executive
- Mr. S. Shafiulla, President (Finance & Accounts)
- Promoted to President (Marketing – AC Division)
- Mr. Prakash Punj Verma
- Promoted to President (Marketing – V-Boards Division)
- Mr. Chetan V. Bhadane
- Promoted to Vice President & Company Secretary & Compliance Officer
- Mr. Ramakanth Kunapuli
What was announced
Visaka Industries disclosed changes in its Senior Management Personnel (SMP) and Key Managerial Personnel (KMP), all effective September 30, 2026.
- Mr. S. Shafiulla, President (Finance & Accounts), retires at the close of business hours on September 30, 2026 and ceases to be part of Senior Management.
- Mr. Prakash Punj Verma promoted from Sr. Vice President to President (Marketing – AC Division), now an SMP.
- Mr. Chetan V. Bhadane promoted from Sr. Vice President to President (Marketing – V-Boards Division), now an SMP.
- Mr. Ramakanth Kunapuli promoted from AVP & CS to Vice President & Company Secretary & Compliance Officer, a KMP.
Backgrounds
Mr. Verma is an MBA with PGDBA (Marketing & Sales Management) and has 30+ years of leadership experience in building materials and allied industries, with prior roles at Simpolo Ceramics, Kajaria Ceramics, Kisan Mouldings, Hyderabad Industries, Somany Ceramics and others.
Mr. Bhadane has 28+ years of cross-industry experience across building materials, FMCG and telecom, with prior assignments at Reliance Industries, NITCO, Greenply Industries, HIL, Tata Teleservices and others. He holds an MBA in Marketing and a B.Sc. in Physics.
How to read it
This is a routine organisational update: a retirement at the finance leadership level and internal elevations across the AC and V-Boards marketing divisions, plus the secretarial function. The two divisions named are Visaka's key product businesses. No financial impact figures accompany the change.
More numbers
- Mr. Verma's leadership experience30+ years
- Mr. Bhadane's leadership experience28+ years
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