Bangalore Urban, Karnataka, India, December 2025 — Nitin Mahawar has taken charge as Chief Financial Officer at Sai Lakshmi Industries Pvt. Ltd., marking a significant leadership addition as the diversified manufacturing and consumer business group continues to expand its footprint across fashion, real estate and hospitality segments.
In his new role, Nitin will lead enterprise-wide finance, governance, compliance, treasury, digital finance transformation and strategic planning, strengthening capital efficiency, governance controls and scalable financial infrastructure aligned with the company’s next phase of growth.
Before joining Sai Lakshmi Industries, Nitin Mahawar spent close to nine years with Montblanc India, where he served as Finance Controller & Company Secretary, leading pan-India finance, legal, compliance, audit, treasury and shared services operations. During this phase, he successfully managed large capital infusions, led the full divestment and transition of Montblanc India into the Richemont Group, implemented GST and SAP Gemini platforms, executed boutique expansions and closures, and built institutional-grade internal financial controls while partnering closely with global headquarters in Geneva and Hamburg.
Earlier, he served as General Manager – Finance & Company Secretary at Hitachi NeST Control Systems Pvt. Ltd., where he built end-to-end finance and governance infrastructure for a greenfield manufacturing operation. He led SAP FICO implementation, structured capital raising programs, managed shared services integration and partnered with global leadership on business restructuring, governance frameworks and funding strategies.
Prior to this, Nitin was India Finance Manager & Company Secretary at JT International India Pvt. Ltd., where he led enterprise finance, taxation, treasury, regulatory compliance and SAP transformation across manufacturing and market operations. He also played a key role in corporate restructuring, FDI compliance, capital funding programs and shared services integration, working extensively with Geneva-based global audit teams.
His earlier leadership journey includes senior finance and company secretarial roles at Symphony Services Corporation India Pvt. Ltd., IFB Automotive Pvt. Ltd., Lafarge India Pvt. Ltd., Wires & Fabriks (S.A.) Ltd. and Duncans Industries Limited, where he progressively built plant-level FP&A, compliance, governance and treasury frameworks across engineering, manufacturing and services environments.
Collectively, Nitin brings over two decades of experience in enterprise finance transformation, greenfield and post-acquisition integration, capital structuring, SAP-led digital finance modernization and board-level governance leadership.
About Sai Lakshmi Industries Pvt. Ltd.
Sai Lakshmi Industries Pvt. Ltd. began as an innovative textile manufacturing enterprise and has evolved into a diversified B2C business house operating across fashion, real estate and hospitality segments. With over two decades of manufacturing excellence, the group continues to expand through innovation-led growth while preserving its core values and commitment to sustainable business evolution.
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