Dalmia Bharat Sugar and Industries Limited has announced a leadership change in its finance function, with Chief Financial Officer Piyush Gupta stepping down from his role due to personal reasons. The company’s Board of Directors accepted his resignation during a meeting held on March 05, 2026.
Following the resignation, the board approved the appointment of Sandeep Garg as the new Chief Financial Officer of the company with effect from March 05, 2026. With this appointment, Garg will also serve as a Key Managerial Personnel of the company in accordance with regulatory requirements.
The company acknowledged the contributions made by Piyush Gupta during his tenure as CFO and expressed its appreciation for his services.
Sandeep Garg brings over 25 years of experience in finance leadership across multinational and promoter-driven organizations. A Chartered Accountant by qualification, he is recognised for combining governance-focused financial management with business strategy and operational execution.
Prior to joining Dalmia Bharat Sugar, Garg served as Group Chief Financial Officer at SLMG Beverages Pvt. Ltd., the largest independent bottler of Coca-Cola in India. In that role, he led the end-to-end finance function including financial strategy, controllership, financial planning and analysis, treasury, taxation, compliance, plant finance and governance.
Earlier, he headed the finance function for the international business division of Bajaj Auto Limited, overseeing financial operations for a ₹17,000 crore business spread across 90 countries in a multi-currency and multi-geography environment.
Over the course of his career, Garg has also held leadership roles at Coca-Cola India Pvt. Ltd., Whirlpool of India Limited and Bharti Airtel Limited. His experience includes managing areas such as financial reporting, business planning, investor reporting, transfer pricing, ERP implementation and large-scale financial operations.
His expertise spans business strategy, financial planning and analysis (FP&A), mergers and acquisitions, treasury and capital structuring, cost optimisation, governance frameworks and sustainable EBITDA enhancement. Garg is also known for building high-performance finance teams and driving data-driven decision-making within organisations.