Investors · Governance and Responsibility at CFlo

A promoter-led group with independent oversight, transparent reporting and a track record of disciplined growth since 2006.

CFlo World Limited combines promoter-led execution with institutional-grade governance: an independent chairman, experienced non-executive directors, a formal Code of Conduct and board committees, and GRI-standard ESG reporting. CSR programmes span environment, skill development, healthcare and women's empowerment.

Corporate governance

CFlo's board blends promoter commitment with independent oversight. Glen Curry, an industry-leading maritime and infrastructure consultant with over 26 years of international experience, serves as Chairman and Independent Director. PB Sunil Kumar, with 25 years across GE Capital, ICICI Bank and Tata Finance, is an Independent Director.

Co-founders Enda Ivanoff and Brendan McGurgan previously helped build a global wet processing brand; Brendan scaled it to £100m revenue and 700 employees, earning UK Director of the Year in 2016. Today Enda serves as Regional CEO of CFlo Europe Limited and Brendan as a Non-Executive Director. Gunjan Bhartia, formerly CFO and SVP of Commercial Finance at GE South Asia, and Rajni Bhartia, who leads the group's CSR initiatives, complete the non-executive bench.

Governance infrastructure includes formal board committees, a Company Secretary overseeing compliance, regulatory affairs and legal matters, and the CFlo Code of Conduct, the foundation of our commitment to integrity, guiding our workforce, suppliers and business partners worldwide.

A track record investors can verify

Founded in 2006 with five people and $200,000, CFlo has grown into a group with 500+ installations across 18 countries, patents in 16 countries and manufacturing certified to ISO 9001, ISO 14001 and ISO 45001. Doctor Sand, the group's sand and aggregates platform established in 2021, turned EBITDA positive in 2023.

The group reports ESG performance annually under GRI Standards and scored in the 94th percentile in the S&P DJSI assessment for FY 21-22. CFlo achieved Net Zero status in 2025 and was certified as a Great Place to Work the same year.

Corporate social responsibility

Real problems require foresight and commitment. We believe it is our collective duty to make the planet greener and better to live in, and each year our CSR work aims to touch as many lives as possible. Key focus areas:

Environment: ensuring ecological sustainability through large-scale tree plantation, including green verges in Kolkata
Skill development: accelerating technical and vocational training for better livelihoods, with a goal of empowering 1,600 youth
Health: providing medical facilities and food security to the vulnerable
Women empowerment: empowering women socially and economically

FAQs

Frequently asked questions

Who sits on CFlo's board?

The board is chaired by independent director Glen Curry and includes Global CEO & Managing Director Manish Bhartia, independent director PB Sunil Kumar, co-founders Enda Ivanoff (Regional CEO of CFlo Europe Limited) and Brendan McGurgan (Non-Executive Director), Gunjan Bhartia (ex-GE South Asia CFO) and Rajni Bhartia, who leads CSR.

How does CFlo manage governance and compliance?

Through an independent chairman, formal board committees, and a dedicated Company Secretary overseeing corporate governance, compliance, regulatory affairs and legal matters. The CFlo Code of Conduct sets binding expectations for employees, suppliers and partners worldwide, covering integrity, ethics and responsible business practice.

How does CFlo report its ESG performance?

CFlo publishes an annual ESG report prepared in accordance with Global Reporting Initiative (GRI) Standards, most recently for FY 2025. In the S&P DJSI assessment for FY 21-22 the company scored in the 94th percentile. CFlo achieved Net Zero status in 2025 and is a UN Global Compact member.

What does CFlo's CSR programme cover?

Four areas: environment (large-scale tree plantation and green verges in Kolkata), skill development (technical and vocational training for underprivileged youth, targeting 1,600 people), healthcare (medical facilities and food security for the vulnerable) and women's empowerment (social and economic programmes), led at board level by Rajni Bhartia.

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