Colombo Dockyard announces Board appointments post-Mazagon takeover

Post-acquisition of a majority stake, Mazagon Dock Shipbuilders have announced appointments to the Colombo Dockyard PLC Board. 

Capt. (Retd.) Jagmohan, Biju George and Ruchir Agrawal have been appointed to the Colombo Dockyard Board as Non-Executive/Non-Independent Directors.

Capt. (Retd.) Jagmohan serves as Chairman and Managing Director of the Mazagon Dock Shipbuilders Ltd. (MDL). He is a Naval Architect from Cochin University of Science and Technology. He has also done post-graduation and M. Tech in Naval Construction and Ocean Engineering from IIT Delhi and IIT Kharagpur, respectively. He served for over 25 years in the Indian Navy during which he held several important assignments in the Directorate of Naval Design and at Naval Dockyard, Mumbai. Prior to joining MDL, he was Director (Corporate Planning, Project and Business Development) and Director (Operations) - Addl. Charge at Goa Shipyard Ltd. He also worked with Garden Reach Shipbuilders and  Engineers Ltd. (GRSE), Kolkata as Chief General Manager (Design). As Head of Design at GRSE, he was responsible for the execution and management of design of various complex warship projects such as Advanced Stealth Frigate, P28 ASW Corvette, Survey Vessel, ASW Shallow Water Craft and Fast Patrol Vessels for the Indian Navy & Indian Coast Guard.

Biju George serves as the Director (Shipbuilding) of MDL. Apart from construction of Naval ships, he is also heading Refits of Naval and Coast Guard ships, Export, R&D innovation and AI projects. He is graduated in Engineering from NSS College of Engineering, Palakkad and holds post graduate degree in Ocean Engineering and Naval Architecture from the Indian Institute of Technology, Kharagpur. Prior to his appointment as Director (Shipbuilding), he was the project Superintendent of the prestigious P17A Frigate Program for the Indian Navy. Prior to this, he was heading the Shipbuilding Design Department of MDL and has more than three decades of experience in Design and Construction of frontline warships viz. Missile Destroyers and Stealth Frigates. He has headed Committees of several key initiatives for MDL including Capex Projects, Revival of Ship Repair and Refit Vertical and Diversification initiatives. He is currently spearheading Major Infrastructure development projects for MDL including development of a Green Field Shipyard at MDL’s Nhava Yard. Under his guidance and leadership MDL has delivered four Destroyer class vessels ahead of their schedule, delivered two stealth frigates, launched four major surface combatants (01 Destroyer and 03 Frigates) for the Indian Navy.

Ruchir Agrawal serves as the Director (Finance) of MDL, one of India’s premier Defence Public Sector Undertakings. His appointment approved by the Appointments Committee of the Cabinet (ACC) stands as a testament to his exceptional professional credibility and the Government of India’s confidence in his financial leadership. He also functions as the Chief Financial Officer (CFO) and Chief Information and Security Officer (CISO) of the company, shaping MDL’s strategic direction through his active role in several Board-level committees, including the CSR, Stakeholder relationship and the Risk Management Committee.

A Fellow Member of both the Institute of Cost and Works Accountants of India (ICWAI) and the Institute of Chartered Shipbrokers, London, Agrawal brings a rare blend of financial expertise, maritime knowledge, and strategic foresight.

With over three decades of diverse experience across the Oil and Gas and Defence sectors, he has built a distinguished career spanning International Trade, Treasury, Business Development, R&D, Corporate Audit, Shipping, Gas Operations, Corporate Finance, and Exploration and Production. His comprehensive exposure has equipped him with deep insight into complex commercial operations, risk management, regulatory frameworks, internal controls, and financial governance.