In his new role, Bisht will lead finance and accounts, secretarial and legal functions of the company, the firm said in a regulatory filing.
Bisht brings with him over three decades of experience in financial reporting, M&A transactions, fund raising and corporate structuring, among others.
He had earlier worked at Apollo Tyres for 15 years in various roles, the last being the leadership role as Head (Accounts), the company said.
The company's stock was trading 5.81 per cent up at Rs 2,054.35 apiece on BSE.
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