Saurabh Dhanorkar returns to lead Finolex Industries as managing director

Finolex Industries Limited, one of India‘s most trusted names in the PVC pipes and fittings industry, has announced a significant leadership change. Mr. Saurabh Dhanorkar, a seasoned executive with deep ties to the company, has been appointed managing director, effective 21st November 2024. This appointment, approved by the Board of Directors, is expected to bolster the company’s strategic focus and drive its growth trajectory.

Why this leadership change matters

Mr. Dhanorkar, a Chartered Accountant by qualification, is no stranger to Finolex Industries. His career with the company spans over 40 years, during which he held multiple leadership roles. Under his tenure as managing director from 1983 to 2012, Finolex evolved from a modest Rs. 2 crore pipe manufacturing firm to a multi-location powerhouse in the petrochemical and plastics sector. Even after retiring as managing director in 2016, he remained a vital part of the company as a non-executive director, demonstrating his unwavering commitment to Finolex’s values.

Insights from company leadership

Executive Chairman, Mr. Prakash Chhabria, expressed his optimism about the appointment, emphasizing that Mr. Dhanorkar’s profound understanding of finance, strategy, marketing, and general management will be instrumental in shaping Finolex Industries’ next phase of growth. He highlighted the value of Mr. Dhanorkar’s customer-centric approach and extensive industry knowledge, which aligns seamlessly with the company’s long-term objectives.

The leadership change follows the resignation of Mr. Ajit Venkataraman, who officially stepped down on 20th November 2024. While Mr. Venkataraman’s tenure witnessed commendable milestones, the baton now passes to a leader deeply ingrained in Finolex’s history and vision.

Finolex’s legacy and future

With its roots firmly established in quality and reliability, Finolex Industries has made a profound impact on India’s sanitation, plumbing, and agricultural sectors. Over the past 40 years, the company has remained steadfast in its commitment to delivering superior PVC pipes and fittings. This focus has earned it the trust of countless farmers, plumbers, and homeowners across the country.

The company’s dedication to quality extends beyond its products, influencing every aspect of its operations. From sourcing raw materials to engaging with customers, Finolex Industries ensures a consistent experience that aligns with its ISO 9001:2015 certifications.

Mr. Dhanorkar’s return is expected to reinvigorate the company’s vision of innovation and excellence, ensuring its continued leadership in the market. As Finolex ventures into newer markets and strengthens its foothold, his expertise will undoubtedly be a driving force.