Mumbai: Nayara Energy, a new-age downstream company of international scale, has announced the appointment of Deepesh Baxi as its new Chief Financial Officer (CFO), effective March 14, 2025. With an impressive career spanning over three decades, Deepesh brings extensive experience in finance, strategy, and M&A, having successfully managed complex mandates across key sectors such as Oil & Gas, Infrastructure & Construction, Retail, and Manufacturing.
In his new role, Deepesh will lead Nayara Energy’s financial strategy and operations, driving initiatives that support the company’s continued growth and its strategic vision of delivering industry-leading performance. His expertise encompasses long-term strategy and transformation, investor relations, treasury, corporate governance, internal audits/compliance, and risk management.
Commenting on the appointment, Alessandro des Dorides, Chief Executive Officer at Nayara Energy, said, “Deepesh brings with him deep sectoral expertise and a strong blend of financial planning and strategic acumen. His wealth of experience and proven track record will be instrumental in driving financial excellence and supporting our strategic vision of delivering industry-leading performance. With Deepesh on board, we are confident of building stronger and scaling bigger.”
Prior to joining Nayara Energy, Deepesh served as Chief Financial Officer & Wholetime Director at Castrol India Limited, and he has also held leadership positions at global companies such as British Petroleum (bp) and Andersen, managing large, culturally diverse teams across Asia Pacific and global offices. A Chartered Accountant, Certified Internal Auditor (USA), and an alumnus of IIM Ahmedabad, Deepesh has been recognized as the ‘Leading CFO of the Year 2022’ by the Confederation of Indian Industry (CII) and ‘CXO of the Year 2020’ by the Institute of Chartered Accountants of India (ICAI).
