Hindusthan National Glass & Industries (HNGIL), a glass manufacturer, announced the appointment of Loknath Sahoo as Finance Controller for HNG, effective immediately.
Sahoo brings over two decades of extensive experience in financial management and business strategy across reputed multinational manufacturing organizations including Tyco, Caterpillar, 3M, and Otis.
An accomplished finance leader, Sahoo’s expertise spans strategic financial planning, budget management, supply chain finance, working capital optimization, taxation, and finance transformation. He has a proven record of implementing cost optimization measures, strengthening governance, and leading high-performing cross-functional teams.
Before joining HNGIL, Sahoo served as Chief Financial Officer at Otis Indonesia, where he successfully led key initiatives in bank and supplier financing, factoring, and capital structuring, delivering measurable business performance improvements.
In his new role, he will oversee finance operations, drive strategic financial initiatives, and support business transformation under HNGIL’s new ownership structure led by INSCO.
Suraj Mehta, Chief Strategy & Corporate Affairs Officer, HNGIL, said, “Mr Loknath Sahoo’s appointment comes at an important juncture, as HNGIL embarks on a new growth trajectory under INSCO’s leadership. His global experience, financial acumen, and strategic mindset will be integral to reinforcing our financial rigour and supporting the company’s transformation journey.”
Loknath Sahoo said, “It is a privilege to join HNGIL at this exciting phase of its evolution with INSCO. I look forward to collaborating with the leadership team to strengthen financial performance, drive operational excellence, and create long-term value aligned with our new strategic direction.”
This key leadership addition follows HNGIL’s acquisition by Independent Sugar Corporation Limited (INSCO), part of the Uganda-based Madhvani Group, in September 2025.
