Kinetic Engineering Limited (KEL), a pioneer in the automotive industry, has appointed Vinayak Jayaram Shevade as its new Chief Financial Officer (CFO). This appointment comes at a crucial time as the company is focusing on its ambitious growth strategy, which includes a ₹177 crore investment initiative aimed at enhancing working capital, expanding manufacturing capabilities, and accelerating the development of electric vehicle (EV) components.
Shevade’s appointment aligns with KEL’s long-term goal of reaching ₹1,000 crore in revenue by 2029. As CFO, he will be responsible for leading the company’s financial strategy and supporting its transition towards sustainable growth and financial excellence.
Vinayak Shevade’s Extensive Experience
Shevade is a Chartered Accountant and Commerce graduate from Mumbai University. He brings over three decades of experience in financial planning, risk management, and regulatory compliance. Prior to his appointment at KEL, Shevade held key leadership positions at Kinetic Honda Motor Limited, Mahindra Two Wheelers Limited, and Kinetic Engineering Ltd., where he gained valuable expertise in the automotive and manufacturing sectors.
In his new role, Shevade is focused on strengthening KEL’s financial position, driving higher turnover, improving EBITDA, increasing net profits, and optimizing the company’s financial leverage. His leadership is expected to be instrumental in achieving KEL’s strategic objectives and in managing the growth trajectory of the company.
Company’s Vision for Future Growth
Ajinkya Firodia, Vice Chairman and Managing Director of KEL, welcomed Shevade’s appointment, highlighting the value of his deep financial expertise. Firodia expressed confidence that Shevade’s leadership would play a crucial role in propelling the company’s continued success, particularly as KEL executes its expansion plans in the automotive sector.
