ITI Limited Appoints Prasad Barre as Chief Financial Officer
ITI Limited appointed Shri Prasad Barre as Chief Financial Officer and Key Managerial Personnel, replacing Shri Rajeev Srivastava, effective February 13, 2026. Barre, previously General Manager- Corporate Finance, brings over three decades of experience across financial institutions and PSUs including NHB, IFCI, HAL, and SJVNL. His expertise covers corporate credit, asset management, project appraisal, and investment management, supported by a Doctorate in Management Studies and professional certifications in GST, IFRS, and SAP.
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ITI Limited has announced a key leadership change with the appointment of Shri Prasad Barre as Chief Financial Officer and Key Managerial Personnel. The appointment was approved during the company's Board of Directors meeting held on February 13, 2026.
Leadership Transition
The Board appointed Shri Prasad Barre, who was previously serving as General Manager- Corporate Finance, to replace Shri Rajeev Srivastava as CFO. This transition represents a strategic move to leverage internal talent for the senior financial leadership position.
| Parameter: | Details |
|---|---|
| New CFO: | Shri Prasad Barre |
| Previous Role: | General Manager- Corporate Finance |
| Outgoing CFO: | Shri Rajeev Srivastava |
| Appointment Date: | February 13, 2026 |
| Designation: | Chief Financial Officer & Key Managerial Personnel |
Professional Background
Dr Prasad Barre brings over three decades of professional experience across financial institutions and public sector undertakings. His career spans multiple prestigious organizations where he has held various capacities and built expertise in critical financial functions.
Previous Organizations
- National Housing Bank (NHB)
- IFCI Limited
- Hindustan Aeronautics Limited (HAL)
- Sutlej Jal Vidyut Nigam Limited (SJVNL)
Areas of Expertise
The new CFO's professional competencies cover a comprehensive range of financial and management functions:
- Corporate Credit
- Stressed Asset Management
- Project Appraisal
- Accounting
- Internal Audit
- Payroll and Cash Management
- Investment Management
Academic Qualifications
Dr Prasad Barre holds extensive academic credentials that complement his professional experience:
| Qualification: | Details |
|---|---|
| Undergraduate: | Bachelor of Commerce |
| Postgraduate: | MBA (Finance) |
| Additional Degrees: | Postgraduate degrees in Commerce and Economics |
| Technical: | Postgraduate Diploma in Computer Application |
| Doctorate: | Doctorate in Management Studies |
Professional Certifications
The new CFO has completed specialized certification programmes in:
- GST (Goods and Services Tax)
- IFRS (International Financial Reporting Standards)
- SAP (Systems, Applications & Products)
These certifications are directly relevant to his functional responsibilities as CFO and demonstrate his commitment to staying current with evolving financial regulations and technology systems.
Regulatory Compliance
The appointment was communicated to stock exchanges in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. ITI Limited informed both BSE Limited and National Stock Exchange of India Limited about this key managerial personnel change through official correspondence dated February 13, 2026.
Historical Stock Returns for ITI
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.53% | -1.45% | -2.36% | -4.46% | +0.31% | +132.12% |
