Bombay Dyeing Appoints Niraj Kumar As CFO & Chief Risk Officer

The Bombay Dyeing and Manufacturing Company has appointed Niraj Kumar as its Chief Financial Officer (CFO) and Chief Risk Officer (CRO). The appointment comes as the company continues to focus on business transformation, operational efficiency and adapting to changing market dynamics.

In his new role, Kumar will oversee the company's financial management and risk governance functions. His responsibilities are expected to include strengthening financial controls, supporting strategic initiatives, improving operational agility and contributing to efforts aimed at enhancing the company's retail business.

Kumar brings more than two decades of professional experience across multiple industries, including infrastructure, aviation, telecommunications, retail and consulting. He is a Chartered Accountant and a law graduate and has also completed the Post Graduate Programme in Management for Senior Executives (PGPMAX) from the Indian School of Business.

Over the course of his career, Kumar has worked in areas such as financial planning and analysis, strategic reporting, enterprise risk management, governance, profitability improvement and working capital management. He has also been involved in business transformation projects focused on operational efficiency, digital finance systems and the use of data-driven processes to support decision-making.

Commenting on his appointment, Kumar said that he was pleased to join Bombay Dyeing and looked forward to working with the company's leadership team to strengthen its financial and risk management capabilities while supporting its long-term objectives.

Before joining Bombay Dyeing, Kumar held senior leadership roles at Adani Airport Holdings, Ernst & Young, Go Airlines (India) and Vodafone Group Services. In these positions, he was involved in initiatives related to financial management, operational performance and business strategy.

The appointment reflects the growing emphasis among companies on integrating financial oversight with risk management as they navigate evolving consumer preferences, competitive pressures and broader economic challenges. With experience spanning diverse sectors, Kumar is expected to bring a cross-industry perspective to Bombay Dyeing's financial and risk management functions.

Bombay Dyeing, one of India's longstanding textile and retail brands, continues to operate in a market undergoing significant transformation, driven by shifts in consumer behaviour, digital adoption and changing retail trends.