Mumbai, Maharashtra, India, June 2026 — Essar, the diversified global conglomerate with businesses spanning energy, infrastructure, metals and mining, and technology and retail, has appointed D Muthukumaran as its Group Chief Financial Officer (Group CFO). The appointment brings on board a seasoned finance leader with more than three decades of experience across finance, business strategy, mergers and acquisitions, fundraising, public listings, corporate governance, and enterprise value creation.
Muthukumaran joins Essar at a pivotal stage in the Group’s growth journey as it accelerates investments in future fuels, green mobility, integrated logistics, and digital infrastructure across global markets. His extensive experience in leading financial transformation and driving strategic initiatives will play an important role in strengthening Essar’s financial framework and supporting its long-term growth ambitions.
Over a distinguished career spanning more than 30 years, Muthukumaran has built deep expertise in corporate finance, capital markets, business transformation, and governance. He has successfully led complex transactions, fundraising initiatives, mergers and acquisitions, and strategic business programs across diverse industries, earning recognition as a highly accomplished finance and business leader.
As Group Chief Financial Officer, Muthukumaran will oversee Essar’s global finance strategy, capital allocation, financial governance, and value creation initiatives. He will work closely with the leadership team to drive sustainable growth, strengthen financial performance, and support the Group’s next phase of transformation and expansion.
About Essar
Essar is a global conglomerate with world-class assets across Energy, Infrastructure, Metals & Mining, and Technology & Retail. With more than five decades of entrepreneurial experience, the Group generates approximately US$15 billion in annual revenue and employs more than 10,000 people worldwide.
Today, Essar is focused on its next phase of growth by transforming its existing portfolio while investing in future-focused platforms including future fuels, green mobility, integrated logistics, and digital infrastructure. Through its philanthropic arm, Essar Foundation, the Group continues its longstanding commitment to community development across healthcare, education, livelihoods, women’s empowerment, sports, environmental sustainability, and infrastructure development.
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