RITES Limited Announces Senior Management Changes: Tiwari Transferred, Gupta Appointed as CSO and COO

2 min read     Updated on 18 May 2026, 04:54 PM
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RITES Limited announced two senior management changes under SEBI Regulation 30. Shri Manish Tiwari, CSO and ex-officio COO of RITES EXPOCON, was transferred to subsidiary REMCL as GGM (ES&T) effective May 14, 2026. Subsequently, Shri Rakesh Kumar Gupta, GM/Finance and a Chartered Accountant with 21 years at RITES, was appointed CSO and ex-officio COO of RITES EXPOCON effective May 18, 2026.

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RITES Limited has informed the stock exchanges of changes in its senior management, pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and amendments thereof. The disclosures were signed by Nikhil Agarwal, Company Secretary & Compliance Officer (Membership No.: A42626).

Cessation: Shri Manish Tiwari Transferred to Subsidiary REMCL

Shri Manish Tiwari, who served as Chief Strategy Officer (CSO) and ex-officio Chief Operating Officer (COO) of RITES EXPOCON, GGM/ES&T, was transferred to REMCL — a subsidiary of RITES Limited — based in New Delhi, in the role of GGM (ES&T). Consequent to this transfer, Shri Manish Tiwari ceased to be among the senior management of RITES Limited with effect from May 14, 2026.

Parameter: Details
Name: Shri Manish Tiwari
Previous Designation: Chief Strategy Officer (CSO) and ex-officio Chief Operating Officer (COO), RITES EXPOCON, GGM/ES&T
Reason for Change: Transfer
New Role: GGM (ES&T), REMCL (subsidiary of RITES Limited), New Delhi
Date of Cessation: May 14, 2026

Appointment: Shri Rakesh Kumar Gupta Takes Charge as CSO and COO

Subsequent to Shri Manish Tiwari's transfer, RITES Limited disclosed on May 18, 2026 that Shri Rakesh Kumar Gupta, GM/Finance, has taken over charge as Chief Strategy Officer (CSO) and shall ex-officio function as Chief Operating Officer, RITES EXPOCON, with effect from May 18, 2026. Accordingly, he has been included as part of the senior management of the company.

Parameter: Details
Name: Shri Rakesh Kumar Gupta
Previous Designation: GM/Finance, RITES Limited
New Designation: Chief Strategy Officer (CSO) and ex-officio COO, RITES EXPOCON
Reason for Change: Transfer
Date of Appointment: May 18, 2026

Profile of Shri Rakesh Kumar Gupta

Shri Rakesh Kumar Gupta is a Chartered Accountant since 2001 and has been working with RITES Limited for the past 21 years across various capacities covering multiple facets of finance and financial services. He brings extensive post-qualification experience in Financial Management, International Trade and Taxation, Corporate Finance, Project Management, and Accounting. He has spearheaded various strategic business units of the company in diverse sectors such as Renewable Energy, Infrastructure, and Exports & International Business, undertaking work such as design and implementation of accounting systems and policies, auditing and financial reporting, internal control procedures, and budgeting tools.

Shri Gupta also handles the Finance Concurrence Division of RITES Limited, overseeing financial propriety and prudence. He has previously served as Deputy Chief Financial Advisor for Ahmedabad Rail Metro and has managed numerous project management aspects of mega infrastructure projects funded by the World Bank, along with Line of Credits issued by the Government of India. He is also a member of various trusts and committees affiliated to the company and has prior experience with Diamond Cements – S.K. Birla Group Company and several leading Chartered Accountant firms.

Regulatory Compliance

Both disclosures have been made in accordance with the applicable SEBI circular, with relevant annexures filed alongside the intimations to the National Stock Exchange of India Limited and BSE Limited. The company has requested the exchanges to take the information on record.

Historical Stock Returns for RITES

1 Day5 Days1 Month6 Months1 Year5 Years
+5.13%+2.20%-4.37%-8.19%-28.78%+68.80%

How might Shri Rakesh Kumar Gupta's strong finance background reshape RITES Limited's strategic direction and business development priorities under his leadership as CSO?

What does Shri Manish Tiwari's transfer to REMCL signal about RITES Limited's growth plans for its renewable energy subsidiary in the near term?

Could the transition from a strategy-focused CSO to a finance-oriented CSO impact RITES Limited's approach to international business and export contracts?

RITES Limited Opens Representative Office in the Philippines for Business Development

1 min read     Updated on 14 May 2026, 01:23 PM
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RITES Limited has opened a Representative Office in the Philippines, operating under the name 'Rites Limited SE-Asia Rep. Ofc.', to support business development activities in Southeast Asia. The development was disclosed to stock exchanges on May 14, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Company Secretary & Compliance Officer Nikhil Agarwal (Membership No.: A42626).

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RITES Limited has announced the opening of a Representative Office in the Philippines, marking a notable step in its international business development efforts. The disclosure was made to the stock exchanges on May 14, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New Representative Office in the Philippines

The newly established office will operate under the name "Rites Limited SE-Asia Rep. Ofc." and is set up specifically to cater to business development activities in the Southeast Asian region. The intimation was signed by Nikhil Agarwal, Company Secretary & Compliance Officer (Membership No.: A42626), on behalf of RITES Limited.

Key details of the development are summarised below:

Parameter: Details
Office Name: Rites Limited SE-Asia Rep. Ofc.
Location: Philippines
Purpose: Business development activities
Disclosure Date: May 14, 2026
Regulatory Basis: Regulation 30, SEBI (LODR) Regulations, 2015
Signatory: Nikhil Agarwal, Company Secretary & Compliance Officer

Regulatory Disclosure

The intimation was filed with both the National Stock Exchange of India Limited and BSE Limited in compliance with applicable listing regulations. The communication confirms that the Representative Office has been opened and is now operational for the stated purpose of business development in the Philippines.

Historical Stock Returns for RITES

1 Day5 Days1 Month6 Months1 Year5 Years
+5.13%+2.20%-4.37%-8.19%-28.78%+68.80%

Which specific infrastructure or transportation projects in the Philippines is RITES Limited likely to target through its new Southeast Asia representative office?

Could the Philippines office serve as a springboard for RITES to establish similar representative offices in other ASEAN nations such as Vietnam, Indonesia, or Malaysia?

How might RITES Limited's expansion into Southeast Asia impact its revenue mix and order book over the next 2-3 fiscal years?

More News on RITES

1 Year Returns:-28.78%