Castrol India Limited, a leading name in automotive and industrial lubricants, has announced the appointment of Mrinalini Srinivasan as its new Chief Financial Officer, effective 28 July 2025. She will step into the role following the departure of Deepesh Baxi in March, who left the company to pursue other professional opportunities.
Mrinalini brings with her over 17 years of experience from P&G India, where she has served in multiple leadership roles across different business units and regions, including Asia, the Middle East, and Africa. Her track record spans strategic planning, business forecasting, compliance, and commercial finance, with a focus on strengthening financial structures and organisational discipline.
Prior to joining Castrol, she held the position of CFO for the Hygiene and Health division at P&G India and also acted as Group Controller. Alongside her finance credentials, she has played an active role in shaping inclusive workplace policies, having led Diversity, Equity and Inclusion initiatives during her tenure. She is a graduate of FMS Delhi and holds an engineering degree from SGSITS Indore, where she was awarded the gold medal.
Commenting on the appointment, Kedar Lele, Managing Director of Castrol India Limited, said, “As we continue to transform our business, the finance function remains critical to enabling this journey—through discipline, agility, and forward-looking decision support. Mrinalini’s experience in navigating complex business environments and driving alignment across teams will be a real asset. We are pleased to welcome her to the leadership team.”
In her new position, Mrinalini will take charge of Castrol India’s financial operations and play a central role in strategy development, risk oversight, and corporate governance.
“It is a privilege to be part of a company with such a rich legacy and strong values. I look forward to working with colleagues across Castrol,” said Ms Srinivasan.
She will work alongside interim CFO Vishal Thakkar until the end of August to ensure a smooth transition. The company expressed its appreciation for his leadership throughout the interim period.
Chairman Rakesh Makhija added, “We are pleased to welcome Mrinalini to the board. Her experience and balanced approach will be key as we continue to strengthen our foundations and stay focused on long-term, sustainable growth.”
