Allied Blenders and Distillers Appoints Jayant Bhalchandra Manmadkar as New CFO
Allied Blenders & Distillers Limited (ABD), India's largest domestic spirits company by volume, has appointed Jayant Bhalchandra Manmadkar as its new Chief Financial Officer, effective October 10, 2025. Manmadkar brings over 32 years of experience across various sectors, including financial services, pharmaceuticals, and alcobev. He holds qualifications as a Chartered Accountant, Cost and Works Accountant, Company Secretary, and has a Master's in Commerce. His expertise spans strategic planning, mergers and acquisitions, treasury management, and corporate governance. ABD's Managing Director, Alok Gupta, expressed confidence in Manmadkar's ability to strengthen the company's financial strategy.
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Allied Blenders & Distillers Limited (ABD), India's largest domestic spirits company by volume, has announced the appointment of Jayant Bhalchandra Manmadkar as its new Chief Financial Officer (CFO), effective October 10, 2025. This strategic move aims to strengthen the company's leadership team and financial strategy.
A Wealth of Experience
Mr. Manmadkar brings over three decades of diverse financial expertise to ABD. His impressive credentials include:
- Qualifications: Chartered Accountant (CA), Cost and Works Accountant (ICWA), Company Secretary (CS), and a Master's degree in Commerce (M.Com)
- Experience: 32+ years across various sectors including financial services, pharmaceuticals, alcobev, research & development, manufacturing, real estate, and retail
- Previous Associations: Seagram India Pvt. Ltd., Brigade Enterprises Ltd., Mahindra Lifespace Developers Ltd., Sai Life Sciences Ltd., Cohance Lifesciences Ltd., Wockhardt Ltd., and Reliance Retail
Areas of Expertise
Mr. Manmadkar's core competencies encompass:
- Strategic planning
- Mergers and acquisitions
- International operations
- Treasury and corporate finance
- Financial planning and analysis
- Taxation
- Investor relations
- Information technology
- Corporate governance
- Corporate affairs
Leadership's Perspective
Alok Gupta, Managing Director of ABD, expressed confidence in the new appointment, stating, "We are pleased to welcome Jayant to our leadership team. His extensive cross-sectoral experience, strong foundation in financial management, and proven track record in driving finance and business strategy at both national and international levels will be instrumental in strengthening our financial strategy."
Manmadkar's Vision
Upon his appointment, Mr. Manmadkar shared his enthusiasm: "Joining ABD at this exciting juncture is a tremendous opportunity. I look forward to leveraging my experience to build on the company's strong financial foundation and contribute to its long-term strategic vision. Together with the leadership team, I aim to build on ABD's strong foundation and advance its commitment to performance, efficiency, and sustained growth."
About Allied Blenders and Distillers Limited
ABD holds a significant position in the Indian spirits market:
- Largest domestic spirits company in India by annual sales volumes
- Presence in five main flavors: whisky, brandy, rum, vodka, and gin
- Portfolio includes 'millionaire' brands like Officer's Choice Whisky, Officer's Choice Blue Whisky, Sterling Reserve Premium Whiskies, and ICONiQ White Whisky
- Extensive manufacturing network comprising 37 units (9 owned bottling units, 2 owned distilleries, and 26 non-owned manufacturing units)
The appointment of Jayant Bhalchandra Manmadkar as CFO marks a significant step for Allied Blenders & Distillers as it continues to strengthen its market position and pursue growth opportunities in the dynamic Indian spirits industry.
Historical Stock Returns for Allied Blenders & Distillers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.97% | -4.95% | -6.29% | +70.98% | +53.62% | +66.36% |
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