Finolex Industries elevates Saurabh Dhanorkar to Managing Director

The Board of Directors of Finolex Industries Limited has approved the appointment of Saurabh Dhanorkar, Non-Executive, Non-Independent Director, as the Managing Director (MD), Key Managerial Personnel (KMP) for two years, which will take effect from November 21, 2024, subject to the approval of shareholders.

Dhanorkar, who joined the company in 1983, had earlier served as managing director between 2012 and 2017. Later on, he continued to be on the Board in a non-executive capacity for the past seven years.

He is a fellow of the Institute of Chartered Accountants of India (ICAI). After joining the company in 1983, he rose through the ranks, and in 1994, he was promoted to Director – Commercial before being named assistant managing director. In 2012, he became managing director.

During his 33-year tenure, Dhanorkar helped the company grow from a Rs 2 crore pipe manufacturing enterprise to a multi-location petrochemicals and plastics processing company. He retired as Managing Director in November 2017 and joined the Board as a Non-Executive member, where he has served for the past seven years.

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