Mr. Niyant Maru Polycab’s New CFO

Polycab India Ltd. has appointed Mr. Niyant Maru as its Chief Financial Officer (CFO). Mr. Maru had assumed office as Polycab’s Executive President of Finance on 17th October 2025, and has now assumed charge as the company’s CFO with effect from 28th October 2025.

Mr. Maru earned his B.Com degree from Gujarat University in 1984. He is also a Chartered Accountant certified by the Institute of Chartered Accountants of India in 1988.

Mr. Maru was Vice President (Finance) at The Indian Hotels Company Ltd. for over 12 years, that is, from March 1999 to December 2011. Subsequently, he served as the CFO at Tata Realty & Infrastructure Ltd. from January 2012 to May 2014. Following this, he was the CFO for Vistara-Tata SIA Airlines Ltd. from June 2014 to April 2025. All of the aforementioned employers of Mr. Maru are Tata Group companies, and therefore, his professional career prior to Polycab India spans about 26 years in finance roles with the Tata Group.

Mr. Maru has been appointed CFO at Polycab following the resignation of Mr. Gandharv Tongia, who stepped down from the position citing personal reasons.