GP Petroleums Limited (GPPL) has announced the appointment of Mr. Arjun Verma as Managing Director, effective October 27, 2026. Mr. Verma, who has been serving as Executive Director, will provide strategic leadership to the Company and its business verticals as GPPL embarks on its next phase of growth.
As Managing Director, Mr. Verma’s mandate will be to strengthen GPPL’s core businesses and evaluate expansion opportunities in India and overseas, including strategic investments and acquisitions. The emphasis will be on disciplined capital allocation, profitable growth and converting business performance into sustainable cash flows and shareholder returns.
A Chartered Accountant with over 35 years of experience, Mr. Verma has played a central role in shaping GPPL’s financial strategy and supporting its governance and business initiatives. His deep knowledge of the Company and his financial and commercial expertise bring strong leadership to this role.
Commenting on the appointment, Mr. Ayush Goel, Executive Chairman (Whole-Time Director), GP Petroleums Limited, said: “Mr Verma has a thorough understanding of our business and brings the financial discipline needed to convert growth into stronger cash flows and returns. His appointment reflects the Board’s confidence in his ability to lead GPPL. We are committed to strengthening our core businesses, investing in our people, and expanding in India and abroad to create lasting value for our shareholders.”
Mr. Arjun Verma, Managing Director, GP Petroleums Limited, said: “I am honoured to take on this responsibility. GPPL has a strong foundation, and my focus will be to build on it with our teams, serving our customers better and delivering growth that is profitable and well governed. We will pursue opportunities in India and overseas markets with discipline, accountability and a clear focus on returns for our shareholders.”
Last week, the Company announced its Q2FY27 results. GPPL reported PAT of ₹15.3 crore, up 179% YoY from ₹5.5 crore in Q2FY26, and revenue of ₹340.8 crore, up 124% from ₹152.4 crore in the same quarter of the last fiscal.
