Mumbai: Castrol India Limited, a player in automotive and industrial lubricants, has announced the appointment of Mrinalini Srinivasan as its new Chief Financial Officer, effective 28 July 2025. She takes over from Deepesh Baxi, who stepped down in March 2025 to pursue other opportunities.
Mrinalini joins Castrol with an extensive track record of over 17 years at P&G India, where she held multiple leadership positions across geographies including Asia, the Middle East, and Africa. Her career spans critical functions such as strategic planning, compliance, business forecasting, and commercial finance, establishing her as a finance leader known for building resilience and driving operational discipline.
In her most recent role, Mrinalini served as Chief Financial Officer for the Hygiene and Health business at P&G India, while also functioning as the Group Controller. A champion of Diversity, Equity, and Inclusion, she has led multiple workplace initiatives promoting inclusivity. Mrinalini is an alumna of FMS Delhi and a gold medallist in engineering from SGSITS Indore.
Kedar Lele, Managing Director, Castrol India Limited, 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.”
In her new role, Mrinalini will lead Castrol India’s finance function and serve as a key member of the leadership team. She will oversee strategic financial planning, ensure robust governance, and help shape long-term business strategy.
Commenting on her appointment, Mrinalini Srinivasan said, “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.”
To ensure a seamless transition, Mrinalini will work closely with interim CFO Vishal Thakkar through August. The company acknowledged Vishal’s leadership during the interim period and thanked him for his steady guidance.
Rakesh Makhija, Chairman of the Board, Castrol India Limited, 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.”
Mrinalini’s appointment signals Castrol’s continued focus on strategic leadership and long-term value creation, underscoring its commitment to navigating the evolving business landscape with resilience and vision.
