Indian EV startup Kazam appoints new CFO

Kazam, an Indian electric vehicle (EV) charging and energy technology platform, has appointed Ram Balasubramanian as its Chief Financial Officer (CFO).

This announcement aligns with the company’s ongoing expansion and exploration of new business opportunities.

Balasubramanian has over 15 years of experience in financial strategy and operations.

He previously held positions at Siemens, KPMG, and Star TV Network.

Most recently, he worked at Vertex Ventures, where he collaborated with startups on growth strategies.

In his new role, Balasubramanian will manage financial planning, performance monitoring, and capital allocation for Kazam’s various projects.

🔗 Source: Kazam

🧠 Food for thought

1️⃣ Financial leadership signals Kazam’s shift from growth to profitability

Ram Balasubramanian’s appointment comes at a strategic inflection point as Kazam transitions from pure growth to sustainable profitability.

The company has secured approximately $18.74 million across five funding rounds, including a recent $6.2 million Series B led by the International Finance Corporation in June 20251.

This funding trajectory illustrates why bringing in seasoned financial leadership is critical now. Kazam has moved beyond early-stage fundraising and must demonstrate financial discipline to justify its May 2023 valuation of $10.78-14.38 million1.

Balasubramanian’s background at Vertex Ventures (an early Kazam investor) combined with experience at Siemens and KPMG positions him uniquely to navigate this transition from investor-subsidized growth to self-sustaining operations.

The focus on achieving EBITDA profitability while targeting ₹100 Cr in FY25 reflects a maturation pattern common among successful startups that have completed multiple funding rounds and must now demonstrate operational efficiency.

2️⃣ Strategic timing amid booming Indian EV infrastructure market

Kazam’s leadership expansion comes amid explosive growth projections for India’s EV charging sector, which represents a potential ₹3–4 lakh crore opportunity by 20302.