Hindusthan National Glass & Industries Limited (HNGIL), India’s largest container glass manufacturer, has announced the appointment of Loknath Sahoo as Finance Controller, effective immediately. The appointment follows HNGIL’s acquisition by Independent Sugar Corporation Limited (INSCO), part of the Madhvani Group, in September 2025.

Loknath Sahoo brings over two decades of experience in financial management and business strategy across multinational manufacturing organisations, including Tyco, Caterpillar, 3M and Otis. In his new role, he will oversee finance operations, drive strategic financial initiatives and support business transformation under HNGIL’s new ownership structure.

His expertise spans strategic financial planning, budgeting, supply chain finance, working capital optimisation, taxation and finance transformation. He has a strong track record in cost optimisation, governance strengthening and leading cross-functional teams.

Prior to joining HNGIL, Loknath Sahoo served as Chief Financial Officer at Otis Indonesia, where he led initiatives in bank and supplier financing, factoring and capital structuring, delivering measurable business improvements.

Commenting on the appointment, Suraj Mehta, Chief Strategy & Corporate Affairs Officer, HNGIL, said the appointment aligns with the company’s new growth phase under INSCO’s leadership.

Loknath Sahoo said he looks forward to strengthening financial performance, driving operational excellence and creating long-term value aligned with HNGIL’s renewed strategic direction.