GP Petroleums Limited (GPPL) has appointed Shirish Suvagia as its Chief Financial Officer and Key Managerial Personnel, effective 15 October 2026.
Mr. Suvagia is a Chartered Accountant with over 23 years of experience in finance, treasury, strategic financial planning, mergers and acquisitions, and fundraising through debt and private equity. The company says he has led treasury operations, fundraising initiatives and financial transformation projects, and has worked on implementing the Ind AS and IFRS accounting frameworks. He has also been involved in IPO and rights issue transactions, including the preparation of Draft Red Herring Prospectuses (DRHPs) and Draft Letters of Offer (DLOFs).
As CFO, he will oversee the company’s finance function, including financial strategy, treasury, business planning, capital allocation, fundraising, risk management, financial reporting and internal controls.
The appointment comes as GP Petroleums continues to expand its lubricants business and pursue growth in India and international markets. The company says it has been strengthening its leadership team to support these plans. It adds that Suvagia brings depth in treasury management, capital raising, financial planning and controls, in support of disciplined growth, capital efficiency and long-term value creation for shareholders.
Mr. Ayush Goel, Chairman and Managing Director of the company said, “His experience across corporate finance, treasury, fundraising and mergers & acquisitions will be a valuable asset to the Company, particularly as we focus on capital allocation, business expansion and long-term value creation. We look forward to his contribution as we take the company forward. We are confident that his leadership and financial expertise will support the Company in creating sustainable value for all stakeholders.”
Mr. Suvagia said: “I am excited to join GP Petroleums at an important stage of its growth journey. IPOL is a well-established and respected brand with strong market fundamentals and significant opportunities ahead. I look forward to partnering with the Board and leadership team to further strengthen the Company’s financial capabilities, support strategic growth initiatives, and drive long-term value creation for stakeholders.”
