Who is Pankaj Chaturvedi? Shoppers Stop names new company CFO — All about him
Department store chain Shoppers Stop on Tuesday announced the appointment of Pankaj Chaturvedi as the company’s new chief financial officer (CFO), effective April 1, 2026. This person will replace Karunakaran Mohanasundaram, Reuters news agency reported.
Shoppers Stop said in a statement that Mohanasundaram had served as chief financial officer since 2018 and decided to resign to pursue opportunities outside the company.
The management change comes at a challenging time for India’s retail sector, which is grappling with signs of slowing consumer spending as well as increased competition from both online and offline players.
Against this backdrop, Shoppers Stop reported a sharp 69% drop in third-quarter profit, according to the agency’s report; This highlighted the financial pressures the company faces as it navigates the tougher operating environment.
From previous roles to education — All about Pankaj Chaturvedi
Chaturvedi currently serves as CFO at Saregama India Ltd. and brings with him extensive experience in the telecom industry, having previously held senior roles at Vodafone and Reliance Jio. He served as National Head of Business Finance at Vodaphone.
A chartered accountant by profession, Chaturvedi holds a Master’s degree in Commerce with specialization in Accounting and Finance from Gujarat University, as per data available online.
According to his LinkedIn profile, he is a finance professional with 19 years of experience and skills such as basic accounting, planning, business partnering, treasury and risk assurance.
He also served as CFO at Go Airlines (India) Ltd. until April 10, 2022. Information about his personal life is not publicly available.
Shoppers Stop share price trend
Shoppers Stop’s share price following new leadership announcement ₹8.8% or 2.2% higher ₹409.2 on Tuesday, February 10, according to National Stock Exchange (NSE) data.
The company’s shares have returned more than 94% of their investments to stock market investors over the past five years. However, the company’s shares have lost 31 percent of their value in the last year.
