Creative Newtech CFO Abhijit Kanvinde Resigns Citing Personal Reasons

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AuthorAarav Shah|Published at:
Creative Newtech CFO Abhijit Kanvinde Resigns Citing Personal Reasons
Overview

Creative Newtech Ltd announced Chief Financial Officer Abhijit Divakar Kanvinde has resigned, effective April 14, 2026. The company cited personal reasons for his departure, which management has accepted. The company will now search for a successor.

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Creative Newtech CFO Abhijit Kanvinde Resigns

Creative Newtech Ltd. has announced that its Chief Financial Officer, Abhijit Divakar Kanvinde, has resigned. The resignation is effective April 14, 2026, with the company stating it is due to personal reasons. Management has accepted Mr. Kanvinde's departure.

The company confirmed that the reasons provided by the CFO are the only material factors behind his resignation.

Company Profile

Founded in 2004 and headquartered in Mumbai, Creative Newtech Limited is a significant player in the distribution of IT products, imaging, lifestyle, and telecom goods. The company operates as a supply chain consolidator, serving key market segments including Fast Moving Consumer Technology (FMCT), Enterprise Business (EB), and Fast-Moving Electronic Goods (FMEG).

Financial Highlights

For the fiscal year ending March 31, 2025, Creative Newtech reported a revenue of ₹1,800 Cr. The company's revenue for the twelve months ending December 31, 2024, stood at ₹16.834 billion. Mr. Abhijit Divakar Kanvinde's gross remuneration as CFO was ₹46.81 Lac in March 2025. The company is led by Chairman and Managing Director Mr. Ketan Chhaganlal Patel.

What's Next for Creative Newtech

The departure of a Chief Financial Officer can impact financial leadership and strategic planning. Investors will be closely watching the company's process for appointing a successor. A smooth transition and the selection of a qualified new CFO are important for maintaining investor confidence and operational continuity. Shareholders will monitor the speed and quality of the new appointment.

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