Seven leadership changes, dated and sourced. What separates them is notice. Ujjivan Small Finance Bank lost its managing director in a single day, to an email sent the evening before, and still has no permanent replacement. At the other end of the range, Knight Frank India named a chief executive who does not take the job until April 2027. Between those two sat the ordinary business of the week: a scheduled annual general meeting, a promoter taking the chair of a joint venture he helped form, a Japanese insurer’s Indian arm installing a new chief executive on the day it announced him, a private equity head hired away from a rival, and a Tata developer replacing the man who had run it since 2018.
31 Aug
IndianOil put two board appointments to shareholders at its 67th annual general meeting, held by video conference from 10:30am to 1:50pm and chaired by A. S. Sahney. Resolution 5 covered the appointment of Saumitra P. Srivastava as whole-time director, designated Director (Marketing); resolution 6 covered A. Amarnath as government nominee director. Rashmi Govil and Arvind Kumar were put up for re-appointment after retiring by rotation. E-voting results were to be filed with the exchanges separately. Source: PSU Connect, citing the company’s own summary of proceedings, 31 August 2026.
31 Aug
JSW MG Motor India appointed Parth Jindal chairman with immediate effect. He has been on the board since the joint venture between the JSW Group and SAIC Motor was formed, and holds four other seats across the group: managing director of JSW Cement, managing director of JSW Paints, chairman of JSW Dulux and a directorship at JSW Energy. Source: Fortune India, 31 August 2026.
1 Sep
Ujjivan Small Finance Bank lost Sanjeev Nautiyal as managing director and chief executive, effective the same day. He had emailed the board on the evening of 31 August asking for early retirement on health grounds, with a three month notice period; the board met on 1 September and approved it. He remains on leave until he formally retires on 30 November. Carol Furtado, an existing executive director, takes over as acting managing director and chief executive, subject to Reserve Bank of India approval, and the board has started looking for a permanent successor. Nautiyal took the job on 1 July 2024 on a three year term, having been a deputy managing director at the State Bank of India. Source: CNBC-TV18 and The Economic Times, 1 September 2026.
2 Sep
IFFCO-TOKIO General Insurance named Tatsuya Fujimoto managing director and chief executive, effective the day of the announcement. The company said the appointment was aimed at scaling operations and accelerating growth. Fujimoto has an earlier connection to the Indian business, having spent two months in Mumbai as an executive trainee in the second half of 2016. Source: company statement, 2 September 2026.
3 Sep
Kotak Alternate Asset Managers appointed Pushkar Jauhari chief executive of its private equity and venture capital platform, with investment strategy, fundraising, new investments, portfolio management and exits under him. He joins from ValueQuest Investment Advisors, where he was managing director and head of private equity, and has earlier held investment roles at Oman India Joint Investment Fund, Khazanah Nasional and TVS Capital Funds. Srini Sriniwasan, managing director of Kotak Alts, said Jauhari had worked across every stage of investing. The firm has raised, managed or advised more than $22 billion since it was set up in 2005. Source: Moneycontrol and The Hindu BusinessLine, 3 September 2026.
4 Sep
Tata Realty and Infrastructure appointed Gaurav Jain managing director and chief executive with effect from 1 October. He succeeds Sanjay Dutt, who has held the job since April 2018. Jain has more than 23 years in real estate, across Birla Estates, Godrej Properties, Mahindra Lifespace Developers and the Unitech Group. Praveer Sinha, chairman of the company, framed the appointment around scale, portfolio strength and high-potential markets. Tata Realty is a wholly owned subsidiary of Tata Sons. Source: The Economic Times, 4 September 2026.
4 Sep
Knight Frank India named Viral Desai chief executive with effect from 1 April 2027, close to seven months of notice. Desai joined the firm in 2007 and is currently senior executive director for transactions, covering occupier strategy and solutions, industrial and logistics, capital markets and retail agency. In the new role he takes direct oversight of every service line in the India business. Shishir Baijal stays chairman and managing director through the transition. Knight Frank separately appointed Chris Davis group chief financial officer, effective 1 September. Source: The Economic Times and PTI, 4 September 2026.
Movements is a factual, dated record of leadership change in Indian business, published weekly. This edition covers the week of 31 August 2026, which is now closed.