Encalm Hospitality has announced the elevation of Karthikeyan Kandaswamy to the position of Group Chief Financial Officer (Group CFO), as the company continues to expand its presence across hospitality and airport-services businesses in India.

Kandaswamy has been associated with the organisation since 2022, when he joined as Chief Financial Officer. According to the company, he has been involved in strengthening its financial and operational framework during a period of expansion. His responsibilities included establishing the finance function and implementing an enterprise resource planning system aimed at improving operational efficiency and financial controls.

In his expanded role, Kandaswamy will oversee financial strategy, governance, and capital management across the company’s business verticals.

The elevation comes as Encalm Hospitality continues to scale its operations across airport hospitality and related services. The company has been expanding its presence across airport lounges, wellness facilities, and transit-related services at major Indian airports, including Delhi, Hyderabad and Goa. It has also diversified into segments such as food and beverage retail, inflight kitchens, and hotel operations.

Vikas Sharma, Group Chief Executive Officer, Encalm Hospitality, said, “Karthikeyan’s elevation is a direct recognition of his unparalleled contribution to Encalm’s journey over the years. His rare blend of financial discipline, operational rigor and strategic foresight has played an important role in strengthening the organization as we continue to expand across multiple verticals. As Encalm enters its next phase of growth, his leadership will continue to be instrumental in building a strong and future-ready organization.”

Kandaswamy is a Chartered Accountant and Cost Accountant with over 28 years of experience across sectors including hospitality, energy, infrastructure, and banking. Prior to joining Encalm Hospitality, he has been associated with orgazisations such as Larsen & Toubro, Shell, Standard Chartered, and Rashtriya Ispat Nigam.

Commenting on his elevation, Kandaswamy said, “My journey with Encalm has been one of the most fulfilling phases of my career. My focus remains on ensuring that our financial systems and processes evolve alongside the organization’s ambitions, while continuing to build a culture of accountability, transparency, and long-term thinking. I look forward to contributing further in this new capacity as Encalm continues to grow and diversify.”