Pajson Agro India Names Nitan Garg as New CFO

Leadership Change Announced

Pajson Agro India Limited announced a leadership change on March 27, 2026. Nitan Garg will take over as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) starting April 1, 2026. This follows the resignation of current CFO Ajit Kumar due to personal reasons. Kumar's tenure concludes on March 31, 2026. The Board of Directors approved these changes.

New CFO's Background

Garg brings over 18 years of experience across various sectors, with a career spanning diverse financial roles. His extensive experience is expected to ensure continuity and provide strategic direction for Pajson Agro India.

Ajit Kumar's Departure

Ajit Kumar has resigned as CFO for personal reasons. His term officially ends on March 31, 2026.

Company Operations and Growth

Pajson Agro India, established in 2021, processes cashew nuts and markets dry fruits under its 'Royal Mewa' brand. The company received in-principle approval from the BSE in November 2025 to launch an IPO on the SME platform. IPO proceeds are earmarked for a second cashew processing facility and general corporate purposes. The company has also been engaging with investors, holding virtual meetings to discuss business operations and growth strategies.

Financial Performance

For the financial year ending March 31, 2025, Pajson Agro India reported revenue of ₹187.28 crore. The company's profit after tax for the same fiscal year stood at ₹20.42 crore.

Market Context and Risks

The cashew and dry fruit market faces volatility from commodity prices and supply chain disruptions. As a young company established in 2021, Pajson Agro is navigating its growth phase. Key players in the broader food processing and dry fruit segment include Annapurna Swadisht, Mishtann Foods, Krishival Foods, and Sarveshwar Foods. These companies operate in a competitive landscape influenced by consumer demand and sourcing.

Investor Outlook

Investors will watch Nitan Garg's initial strategic priorities and his contribution to financial planning. The successful execution of the planned IPO and the expansion of the cashew processing facility are key events to watch. Performance of the 'Royal Mewa' brand and overall market share in cashew processing will also be closely watched.