Nayara Energy Appoints Deepesh Baxi as New CFO

Portfolio - People | Mar 29, 2025 | EIN

Nayara Energy, a prominent Indo-Russian oil refining firm, has appointed Deepesh Baxi as its Chief Financial Officer, with the appointment taking effect on March 14, 2025. Bringing over 30 years of experience in finance, strategy, and M&A, Baxi's career spans significant roles at Castrol India Limited, British Petroleum, and Andersen. Recognized for his excellence in leadership, he has received numerous accolades, including Leading CFO of the Year 2022 by the Confederation of Indian Industry. Baxi's educational background includes a chartered accountancy, certification as an internal auditor from the USA, and an IIM Ahmedabad alumni status. In his role, Baxi will lead financial strategy and operations at Nayara Energy to further cement its position in the energy market, with support and confidence expressed by CEO Alessandro des Dorides.

Sectors

Oil & Gas
Corporate Finance

Geography

India – Nayara Energy is an Indo-Russian company, indicating significant operations within India.
Russia – Being described as an Indo-Russian entity, Nayara Energy implicates a geographical relevance to Russia.

Industry

Oil & Gas – Nayara Energy operates within the Oil & Gas industry, being an oil refining company.
Corporate Finance – The appointment involves a financial executive position, emphasizing aspects of corporate finance.

Financials

Participants

Name	Role	Type	Description
Nayara Energy	Company appointing new CFO	Company	An Indo-Russian oil refining company.
Deepesh Baxi	Newly appointed CFO	Person	Incoming CFO with extensive finance and M&A experience.
Castrol India Limited	Previous employer of Deepesh Baxi	Company	A company where Baxi held the role of CFO & Whole-time Director.
British Petroleum (bp)	Former employer of Baxi	Company	Global energy company where Baxi held leadership roles.
Andersen	Former employer of Baxi	Company	A company previously associated with Baxi.