PepsiCo has appointed Savitha Balachandran as Chief Financial Officer for India and South Asia, succeeding Kaushik Mitra, who retires after 24 years. Balachandran, formerly CFO at Tata Technologies and with two decades at Tata Motors, brings deep financial expertise to drive PepsiCo’s growth and value-creation agenda across the region.
PepsiCo has announced a significant leadership transition in its India and South Asia operations with the appointment of Savitha Balachandran as Chief Financial Officer (CFO). The move marks a new chapter for the global food and beverage giant in one of its fastest-growing markets, as Balachandran succeeds Kaushik Mitra, who is retiring after an illustrious 24-year career with the company.
Balachandran’s appointment comes at a time when PepsiCo is sharpening its focus on sustainable growth, innovation, and value creation in the region. India and South Asia represent a dynamic market for the company, with evolving consumer preferences, rapid digital adoption, and increasing demand for both traditional and healthier product portfolios. As CFO, Balachandran will play a pivotal role in steering financial strategy, ensuring operational efficiency, and supporting PepsiCo’s long-term ambitions in the region.
Her career trajectory reflects a blend of resilience, expertise, and leadership. Before joining PepsiCo, Balachandran served as CFO at Tata Technologies, where she was instrumental in driving financial transformation and strengthening the company’s global competitiveness. Prior to that, she spent nearly two decades at Tata Motors, one of India’s largest automotive manufacturers, where she held diverse leadership roles across finance, strategy, and operations. This extensive experience has equipped her with a deep understanding of complex business environments, regulatory frameworks, and the nuances of managing financial performance in highly competitive industries.
Industry observers note that Balachandran’s appointment underscores PepsiCo’s commitment to fostering diverse leadership and leveraging cross-industry expertise. Her background in the automotive and technology sectors brings a fresh perspective to the consumer goods industry, particularly in areas such as digital transformation, supply chain optimization, and financial innovation. These skills are expected to be critical as PepsiCo navigates challenges ranging from inflationary pressures to shifting consumer demands.
Kaushik Mitra’s retirement marks the end of an era for PepsiCo in India and South Asia. Over his 24 years with the company, Mitra played a central role in shaping PepsiCo’s financial strategy, supporting expansion initiatives, and strengthening the company’s market presence. His tenure coincided with a period of significant growth for PepsiCo in the region, including the expansion of its beverage and snack portfolios, investments in manufacturing capacity, and the adoption of sustainability initiatives. Mitra’s legacy is one of stability, foresight, and dedication, and his departure leaves behind a strong foundation for Balachandran to build upon.
The leadership transition also reflects PepsiCo’s broader strategy of aligning global expertise with local market needs. India and South Asia are increasingly important to PepsiCo’s global business, not only as consumer markets but also as hubs for innovation and talent. With Balachandran at the financial helm, PepsiCo aims to accelerate its growth trajectory while maintaining a sharp focus on profitability and shareholder value.
Balachandran’s appointment is also symbolic of the growing representation of women in senior leadership roles within multinational corporations in India. Her rise to one of the most critical positions in PepsiCo’s regional leadership team highlights the company’s emphasis on diversity and inclusion, values that are increasingly recognized as drivers of innovation and organizational success.
In her new role, Balachandran will be tasked with balancing short-term financial performance with long-term strategic investments. This includes supporting PepsiCo’s push into healthier product categories, expanding its digital and e-commerce footprint, and strengthening its sustainability agenda. The company has been vocal about its commitment to reducing its environmental impact, investing in renewable energy, and promoting responsible sourcing. Balachandran’s financial stewardship will be key to ensuring these initiatives are both impactful and financially viable.
The appointment also comes at a time when India’s consumer goods sector is undergoing rapid transformation. Rising disposable incomes, urbanization, and changing lifestyles are driving demand for packaged foods and beverages, while increasing health consciousness is reshaping product portfolios. PepsiCo has responded by diversifying its offerings, introducing low-calorie beverages, baked snacks, and plant-based alternatives. Balachandran’s role will involve ensuring that these innovations are supported by sound financial planning and execution.
Her leadership style, shaped by years of experience in complex industries, is expected to emphasize collaboration, agility, and strategic foresight. Colleagues who have worked with her describe her as a leader who combines analytical rigor with a strong ability to inspire teams. This blend of qualities will be crucial as PepsiCo continues to navigate a competitive landscape and seeks to strengthen its position in India and South Asia.
As PepsiCo embarks on this new chapter, the appointment of Savitha Balachandran as CFO signals both continuity and change. Continuity, in the sense that the company remains committed to financial discipline and long-term value creation; change, in the form of fresh perspectives and new leadership energy. For PepsiCo, the transition represents an opportunity to build on past successes while charting a bold course for the future.
With her proven track record, industry expertise, and leadership acumen, Balachandran is well-positioned to guide PepsiCo through the complexities of the Indian and South Asian markets. Her appointment not only strengthens PepsiCo’s leadership team but also reinforces the company’s confidence in the region’s potential as a driver of global growth.
At a moment of both reflection and anticipation, PepsiCo bids farewell to a seasoned leader while welcoming a new one poised to shape the company’s next phase of success. For Savitha Balachandran, the journey ahead promises to be both challenging and rewarding, as she takes on the responsibility of steering PepsiCo’s financial future in one of its most dynamic markets.
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