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

*this image is generated using AI for illustrative purposes only.
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 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?


































