RITES Limited announced superannuation of Bibhu Prasad Nayak from the Post of Director Finance, Effective July 31, 2023. the company also announced that Ministry of Railways vide its letter no. 2022/E(O)Il/40/14 dated July 03, 2023 has appointed Shri Krishna Gopal Agarwal (DIN: 10239667) as Director (Finance) of the Company for a period of five years from the date of assumption of charge of the post on or after August 1, 2023 or till the date of his superannuation or until further orders, whichever is the earliest.

The Board of Directors in their meeting held on July 28, 2023, have passed resolution for appointment of Shri Krishna Gopal Agarwal as an Additional Director designated as Director (Finance) and Chief Financial Officer of the Company from the date of his assumption of charge to the post on or after August 1, 2023. Shri Krishna Gopal Agarwal is having more than 29 years of experience in Financial Management, Financial Reporting, Strategic business decisions and Treasury Management. Shri Krishna Gopal Agarwal is working as General Manager (Finance) with RITES since 17th June, 2021.

Prior to joining RITES, he had a long stint of more than 26 years holding various key positions in Finance Department of Steel Authority of India Limited (SAIL) at its Bhilai Steel Plant. Before joining SAIL, he worked with Nerolac Paints during initial year of his career. He is a Fellow member of the Institute of Cost Accountants of India (ICMAI) & Institute of Company Secretaries of India (ICSI).