MAM
Citiustech names Navneet Khandelwal as CFO to sharpen numbers, strategy and compliance game
MUMBAI: There’s nothing like a good spreadsheet to keep things in order—and Navneet Khandelwal knows how to balance more than just the books. The seasoned finance leader, who has spent the better part of 25 years navigating the numbers behind India’s IT services boom, has now taken the financial reins at healthcare tech firm Citiustech.
His new title? Chief financial officer—and the job comes with no shortage of decimal points or strategic decisions.
Citiustech confirmed Khandelwal’s appointment this week, signalling a sharper focus on fiscal rigour and operational clarity. As CFO, he now leads the company’s global finance, legal, and compliance functions—areas that have grown increasingly complex with Citiustech’s expanding global footprint.
Navneet brings deep expertise in financial management, controllership, accounting, business process transformation, mergers & acquisitions, acquisition integration, and investor relations.
Khandelwal started his career at Wipro Technologies and remained there for 16 years, rising through the ranks across audit, controllership, and business finance, eventually serving as VP – finance. He then served as CFO at several major firms, including ITC Infotech, Microland, and Zensar Technologies—both listed and unlisted—adding depth to his financial repertoire.
Known for transforming processes without breaking the flow, Khandelwal has consistently led initiatives focused on strategic growth and performance efficiency. He has built finance teams from the ground up and led merger integrations with a steady hand.
The appointment comes as healthcare IT companies face rising compliance expectations, global expansion challenges, and pressure to deliver value in a shifting regulatory climate. With Khandelwal on board, Citiustech seems to be hedging its bets on someone who doesn’t just crunch numbers—but also knows how to navigate them with purpose.
Brands
CoinDCX co-founders held in Thane over Rs 71 lakh fraud case
Firm calls FIR false, claims impersonation scam as probe unfolds
THANE: The Thane Police have arrested Sumit Gupta and Neeraj Khandelwal, co-founders of CoinDCX, on charges of criminal breach of trust linked to an alleged Rs 71.6 lakh fraud.
The duo were picked up from Bengaluru and produced before a holiday court in Thane, which remanded them to police custody until Monday.
At the centre of the case is a complaint by an insurance advisor from Mumbra, who claims he was drawn in by promises of high returns and regulatory backing tied to cryptocurrency investments and franchise opportunities. The alleged scheme ran between August 2025 and February 2026, with funds collected through both cash and bank transfers. The promised franchise never materialised, nor did the returns, and the accused allegedly became untraceable.
Police have registered an FIR against six individuals under provisions of the Bharatiya Nyaya Sanhita and launched a broader investigation.
CoinDCX, however, has pushed back sharply. In a statement posted on X, the company described the FIR as “false” and part of a wider impersonation scam, claiming fraudsters had been posing as its founders to dupe unsuspecting investors.
“The entire conspiracy falsely claims that funds were transferred in cash to third-party accounts which have no relation to CoinDCX,” the company said, distancing itself from the alleged transactions.
The firm added that brand impersonation scams are on the rise in India’s digital finance ecosystem. It noted that it had flagged over 1,200 fake websites mimicking its platform between April 2024 and January 2026.
For now, the case sits at a familiar crossroads in India’s crypto story, where ambition, opacity and opportunism often collide, leaving investigators to untangle what is real and what merely looks the part.
