ITI Limited appoints Shri C V Ramana Babu as Chief Financial Officer
ITI Limited appointed Shri C V Ramana Babu as its Chief Financial Officer and Key Managerial Personnel effective May 28, 2026, following a Board meeting. Shri Ramana Babu, a veteran with over 30 years of experience in the telecom sector, was previously serving as Director Marketing with the additional charge of Director Finance. The appointment is effective on the existing terms and conditions applicable to him as a Director of the Company.
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ITI Limited appointed Shri C V Ramana Babu as its Chief Financial Officer and Key Managerial Personnel effective May 28, 2026. The Board of Directors approved the appointment during a meeting held on the same day. Shri Ramana Babu, who was serving as Director Marketing with the additional charge of Director Finance, has assumed the new role on the existing terms and conditions applicable to him as a Director of the Company.
The appointment was disclosed in accordance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Shri Ramana Babu initially took over as Director Marketing on January 25, 2024, and was entrusted with the additional charge of Director Finance starting October 15, 2025.
Shri Ramana Babu belongs to the Indian Telecom Services (ITS) - 90 Batch. He holds a graduate degree in Electronics & Communications from Andhra University and a Diploma in Public Policy and Sustainable Development from The Energy and Resource Institute (TERI), New Delhi.
He brings over 30 years of experience in project planning, execution, installation, commissioning, and operations of various telecom networks. His career includes significant contributions to the Department of Telecom (DOT), BSNL, and Bharat Broadband Networks Limited (BBNL). Notably, he led the design of the 4G network in BSNL and successfully soft-launched 4G services in Chandigarh in 2016. He also coordinated the connection of 120,000 Gram Panchayats with OFC during Phase 1 at BBNL.
Key Details of Appointment
| Detail | Information |
|---|---|
| Reason for change | Appointment |
| Date of appointment | May 28, 2026 |
| Term | On existing terms and conditions applicable to him as a Director of the Company |
| Designation | Chief Financial Officer and Key Managerial Personnel |
Historical Stock Returns for ITI
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.43% | +0.13% | +0.98% | -1.07% | -9.37% | +149.11% |
How will Shri Ramana Babu's extensive technical background in 4G network design influence ITI Limited's financial strategy and capital allocation?
What specific financial targets or efficiency improvements does the Board expect to achieve under his leadership as CFO?
Will this appointment signal a strategic pivot for ITI Limited towards executing larger-scale telecom infrastructure projects?
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