https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

From Finance Head to CMD: Who Is S Sakthimani, the PESB-Recommended Chief of FACT Limited?

PESB Selects Sakthimani to Lead Fertilisers and Chemicals Travancore Ltd, a Key PSU Under Ministry of Chemicals & Fertilizers
Indian Masterminds Stories

New Delhi: The Public Enterprises Selection Board (PESB) has recommended S Sakthimani for the prestigious post of Chairman and Managing Director (CMD) of Fertilisers and Chemicals Travancore Limited (FACT), a prominent Central Public Sector Undertaking (CPSU) under the Ministry of Chemicals and Fertilizers.

Currently serving as Director (Finance) at FACT, Sakthimani’s elevation comes after an interview round conducted by the PESB on October 3, where four candidates were evaluated.

Sakthimani Chosen From Among Top Contenders

The PESB selection panel interviewed four candidates for the post, including:

  • Two from Indian Oil Corporation Limited (IOCL)
  • One from NMDC Limited
  • S Sakthimani, the in-house candidate from FACT itself

After due diligence and assessments, Sakthimani emerged as the top choice, owing to his extensive understanding of the company’s financial and operational framework.

Read also: T S C Bosh Takes Charge as Director (Projects) at REC Limited | Know the Power Sector Veteran

From Director (Finance) to CMD: A Leadership Transition

Having served FACT as Director (Finance), Sakthimani has been closely involved in strategic financial planning, budgeting, compliance, and performance optimisation. His familiarity with the organisation’s internal systems and his vision for growth positioned him as a natural successor for the CMD role.

As CMD, he will be the Chief Executive Officer of FACT, accountable to the Board of Directors, the Government of India, and the shareholders. His responsibilities will include:

  • Leading overall operations
  • Ensuring profitability and sustainability
  • Meeting corporate performance benchmarks
  • Driving strategic initiatives and innovation

FACT operates two major units:

  • Udyogamandal Complex
  • Cochin Division

The company plays a vital role in supporting Indian agriculture, rural livelihoods, and the national economy through its industrial and chemical products.

Looking Ahead: Strategic Vision Expected

With Sakthimani at the helm, FACT is expected to:

  • Strengthen its market share in the fertilizers and chemicals sector
  • Leverage public-private partnerships for expansion
  • Embrace sustainable and green manufacturing practices
  • Focus on improving farmer outreach and customer service

His appointment awaits formal approval by the Appointments Committee of the Cabinet (ACC).

About FACT

Fertilisers and Chemicals Travancore Limited (FACT) is a leading public sector undertaking (PSU) under the Ministry of Chemicals and Fertilizers, Government of India. Established in 1943 and headquartered in Kochi, Kerala, FACT is one of the oldest fertiliser companies in the country. It is primarily engaged in the manufacturing and marketing of fertilisers, chemicals, and caprolactam, playing a vital role in supporting Indian agriculture and chemical industries.

Read also: MOIL Reports All-Time High Q2 Production and Sales in FY’26 Amid Strong Growth in Manganese Mining


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Karnataka High Court
Karnataka High Court Quashes Criminal Case Against MP Dr. K Sudhakar in ₹4.8 Crore Election Cash Seizure
Bihar Police
Bihar Police Reshuffle Ahead of Assembly Elections: 3 IPS, 148 DSPs Transferred; Ashok Kumar Singh Appointed SP Human Rights Commission
FACT
From Finance Head to CMD: Who Is S Sakthimani, the PESB-Recommended Chief of FACT Limited?
Reserve-Bank-of-India_RBI_resized
RBI Proposes UIN-Based System to Simplify Foreign Offices Setup, Eases Approval Norms
NITI Aayog
NITI Aayog Proposes Presumptive Taxation Scheme for Foreign Investors to Boost Certainty and Ease of Doing Business
Bihar Government-resized-IM
Major IAS Reshuffle in Bihar Ahead of Elections: 7 Officers Transferred; Dr. Chandrashekhar Singh Appointed Secretary to CM Secretariat
bureaucracy news
IRS Chandra Madhav Singh Appointed Deputy Secretary in Consumer Affairs; IPS Shika Goel Takes Over as DG Vigilance & Enforcement in Telangana
IAS Shailja Pandey
Who Is IAS Shailja Pandey? Nainital Officer Joins Rajasthan Cadre After Transfer from Bihar
ADVERTISEMENT
ADVERTISEMENT
Videos
Dr G K Goswami IPS
Everything you ever wanted to know about e-murder, e-dacoity and data safety
IFS Ravikant Meena UPSC IFS
Ravikant Meena on IFS Preparation, Optionals, and Life in Forest Service
Siddhartha Saxena UPSC CAPF
How Siddhartha Saxena Cracked UPSC CAPF AIR 326 Against All Odds
ADVERTISEMENT
UPSC Stories
UPSC Chairman Ajay Kumar Live Interaction
From Cut-off Dates to Coaching & Reforms: UPSC Chairman Ajay Kumar Assures Aspirants of Fairness, Transparency & a Future-Ready UPSC | UPSC@100
A Century of Service: The UPSC’s Landmark Year Begins. Chairman Ajay Kumar on UPSC’s Centennial: “Merit,...
Giriraj Parihar MPPSC 2024
From Constable to Deputy Collector: Giriraj Parihar’s 9-Year MPPSC Journey | Farmer’s Son, Brother to Five Sisters
From a jail guard to MPPSC 2024 Rank 8, Giriraj Parihar’s nine-year journey of self-study, hard work,...
Ankit MPPSC 2024 Rank 3
From Village Dreams to Deputy Collector’s Chair: Meet Ankit, MPPSC Rank 3 Hindi Medium Topper
Ankit, a Hindi-medium aspirant from Balaghat, secured Rank 3 in MPPSC 2024 and became Deputy Collector...
Social Media
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Karnataka High Court
Karnataka High Court Quashes Criminal Case Against MP Dr. K Sudhakar in ₹4.8 Crore Election Cash Seizure
Bihar Police
Bihar Police Reshuffle Ahead of Assembly Elections: 3 IPS, 148 DSPs Transferred; Ashok Kumar Singh Appointed SP Human Rights Commission
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Dr G K Goswami IPS
IFS Ravikant Meena UPSC IFS
Siddhartha Saxena UPSC CAPF
ADVERTISEMENT
ADVERTISEMENT