AJAX appoints Tuhin Basu as Chief Financial Officer

Ajax Engineering, India’s premier concreting equipment manufacturer, announced the appointment of Tuhin Basu as Chief Financial Officer. As a key player in the OEM industry, this strategic move underscores AJAX Engineering’s commitment to enhancing its leadership team to pursue sustained business growth.

Basu will be responsible for overseeing all aspects of the company's financial strategy, including financial planning and analysis, accounting, treasury, legal, and investor relations. He will focus on strengthening the overall financial framework as the company focuses on consolidating its leadership position in the market.

A seasoned financial strategist, Basu brings over 15 years of experience in finance and stakeholder management delivering business performance across companies such as Reliance Industries, Siemens, and KPMG. A distinguished Chartered Accountant, Basu brings a legacy of delivering business performance, operational excellence, and adept stakeholder management to AJAX Engineering.

In his previous role as CFO of Reliance Power Electronics business, Basu played a pivotal role in pioneering renewable energy initiatives. His tenure at Siemens, where he ascended to the position of Vice President and Business CFO for the Transmission Division in India, further attests to his prowess in managing diverse portfolios and driving profitability across complex business landscapes across different geographies worldwide.

Commenting on this appointment, Shubhabrata Saha, MD and CEO at Ajax Engineering, said, “We are pleased to welcome Tuhin as our Chief Financial Officer at AJAX Engineering. His wealth of experience and strategic vision will be invaluable as we continue executing our long-term goals and creating value for our stakeholders.”

Joseph Peeris, Chief People Officer & Corporate Affairs at AJAX Engineering, added, “We are happy to welcome Tuhin to our leadership team. His exceptional track record and expertise in financial management will be instrumental in guiding our company towards achieving our strategic goals.”

Basu expressed his enthusiasm for joining AJAX Engineering, said, “I am honoured to be part of the journey with AJAX Engineering and excited to contribute to its financial success. I look forward to collaborating with the talented team at AJAX Engineering and leveraging our collective strengths to achieve our objectives.”

Leveraging the momentum of the infrastructure impetus in India, AJAX Engineering is focussed on consolidating its position in the concreting solutions market by extending its leadership in SLCM equipment and growing its presence in key segments offering the Next – Gen 360-degree concreting solutions. Aligning with this vision, AJAX Engineering continues to expand its presence both in India and globally, Basu’s expertise will be instrumental in guiding the company toward sustained growth and success.