Castrol India appoints Mrinalini Srinivasan as CFO

Castrol India, a pioneer in automotive and industrial lubricants, has announced the appointment of Mrinalini Srinivasan as its new chief financial officer, effective July 28, 2025. She succeeds Deepesh Baxi, who moved on from the role in March 2025 to pursue other opportunities.

Srinivasan joins Castrol with over 17 years of experience at P&G India, where she held leadership roles across Asia, the Middle East and Africa. She has worked in strategic planning, business forecasting, compliance and commercial finance, focusing on financial resilience and operational discipline.

In her most recent role, she served as the chief financial officer for the Hygiene and Health business and was also the group controller at P&G India. 

Talking about her appointment, Mrinalini Srinivasan to the team, Kedar Lele, managing director, Castrol India, 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.”

As the chief financial officer, Srinivasan will lead Castrol India’s financial function and be a key member of the leadership team. She will help shape and support Castrol’s strategy, oversee financial planning, and guide risk and governance practices.

“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 Srinivasan.

Srinivasan will work closely with the interim CFO Vishal Thakkar through August to ensure a smooth handover. Vishal Thakkar has been supporting the finance function during the transition, and the company thanks him for his leadership and steady guidance over the past few months.

Rakesh Makhija, chairman of the Board, Castrol India, 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.”