Mumbai, August 2026: Bringing with him over 30 years of experience in finance, including more than two decades in the hospitality sector, Milind Wadekar has been appointed as the Chief Financial Officer of Kamat Hotels India Limited (KHIL). A seasoned finance leader, he brings extensive expertise across financial strategy, business planning, mergers and amalgamations, risk management, treasury, taxation and investor relations.

A Chartered Accountant and Bachelor of Commerce graduate, Wadekar has built a distinguished career across the hospitality and corporate finance sectors. His strategic approach, coupled with his strong understanding of financial management and business operations, has enabled him to consistently align financial strategies with broader business objectives and drive long-term value creation.

Prior to joining Kamat Hotels India Limited, Wadekar served as Executive Vice President – Finance and Investor Relations at Ventive Hospitality Limited, where he played a key role in driving financial strategy and strengthening investor relations. Before this, he served as Chief Financial Officer at Chalet Hotels Limited, where he was instrumental in optimising financial performance and driving shareholder value.

Over the course of his career, Milind has developed extensive expertise across Finance, Business Strategy, Mergers & Amalgamations, Risk Management, Treasury, Taxation and Investor Relations. He is recognised for his strategic thinking and ability to translate financial insights into business-focused strategies that support sustainable growth and operational efficiency.

Commenting on his appointment, Milind Wadekar, Chief Financial Officer, Kamat Hotels India Limited, said, “I am delighted to join Kamat Hotels India Limited at an exciting phase of its growth journey. I look forward to leveraging my experience in hospitality finance and strategic planning to strengthen the organisation’s financial framework, drive efficiencies and contribute to creating sustainable long-term value for the company and its stakeholders.”

In his new role, Milind will oversee the company’s financial strategy and operations, working closely with the leadership team to strengthen financial performance, enhance operational efficiencies, manage risks and align financial priorities with KHIL’s broader business objectives.

With his extensive experience and proven track record in hospitality finance, Milind Wadekar is well positioned to contribute to Kamat Hotels India Limited’s continued growth and strengthen its financial leadership as the company moves

As Cygnett Hotels & Resorts continues to expand its footprint across India, the hospitality company has appointed Gaurav Jain as its Chief Financial Officer (CFO), strengthening its corporate leadership to support the next phase of growth.

A Chartered Accountant and Cost Accountant (ICWA), Gaurav Jain brings over 15 years of experience in strategic finance, corporate governance, business transformation, capital structuring and IPO readiness. He has previously held CXO-level leadership roles across startups, diversified corporate groups and government-backed institutions, where he led initiatives spanning financial governance, operational efficiency and business transformation.

At Cygnett Hotels & Resorts, Gaurav will spearhead the company's financial strategy, strengthen governance frameworks, optimise capital allocation and support the brand's expansion agenda. His appointment comes as Cygnett continues to scale its operations and reinforce its corporate capabilities in line with its long-term growth plans.

Announcing the appointment, Sarbendra Sarkar, Founder & Managing Director, Cygnett Hotels & Resorts, said, "Cygnett is entering an exciting phase of growth, and building a strong leadership team is central to our long-term vision. Gaurav's diverse experience in strategic finance, governance and business transformation will further strengthen our financial foundation as we continue expanding our presence across existing and new markets. We are pleased to welcome him to the Cygnett family."

Commenting on his appointment, Gaurav Jain, Chief Financial Officer, Cygnett Hotels & Resorts, said, "Cygnett has established itself as one of India's fastest-growing hospitality brands with a clear vision for expansion. I am delighted to join the organisation at this important juncture and look forward to strengthening its financial strategy, enhancing governance standards and supporting sustainable, value-driven growth across the business."

Known for integrating financial discipline with strategic business planning, Gaurav Jain has led finance functions across organisations at different stages of growth, bringing expertise in capital planning, governance, performance optimisation and long-term value creation. His appointment underscores Cygnett Hotels & Resorts' continued focus on strengthening institutional capabilities as it pursues its expansion roadmap across India's hospitality sector.