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Aemetis India Appoints Chief Financial Officer

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Aemetis (NASDAQ: AMTX) has appointed Anjaneyulu Ganji as Chief Financial Officer of its India subsidiary, Universal Biofuels, effective July 17, 2025. Mr. Ganji brings significant experience from his previous role as Group CFO at Dodla Dairy Limited, where he managed a $450 million revenue operation and led a successful IPO with 45x oversubscription.

The appointment comes as Universal Biofuels, based in Hyderabad, aims to expand its 80 million gallon per year biodiesel facility and diversify into ethanol and renewable natural gas production. The company cites growing energy demand in India's expanding economy as a key driver for its growth initiatives.

Aemetis (NASDAQ: AMTX) ha nominato Anjaneyulu Ganji come Chief Financial Officer della sua filiale indiana, Universal Biofuels, a partire dal 17 luglio 2025. Il signor Ganji porta con sé una significativa esperienza dal suo precedente ruolo come Group CFO presso Dodla Dairy Limited, dove ha gestito un'operazione con un fatturato di 450 milioni di dollari e ha guidato un'IPO di successo con una sovraccopertura di 45 volte.

La nomina avviene mentre Universal Biofuels, con sede a Hyderabad, mira ad espandere il suo impianto di biodiesel da 80 milioni di galloni all'anno e a diversificare nella produzione di etanolo e gas naturale rinnovabile. L'azienda indica la crescente domanda energetica nell'economia in espansione dell'India come fattore chiave per le sue iniziative di crescita.

Aemetis (NASDAQ: AMTX) ha nombrado a Anjaneyulu Ganji como Director Financiero de su subsidiaria en India, Universal Biofuels, con efecto a partir del 17 de julio de 2025. El Sr. Ganji aporta una amplia experiencia de su anterior cargo como CFO del Grupo en Dodla Dairy Limited, donde gestionó una operación con ingresos de 450 millones de dólares y lideró una exitosa oferta pública inicial con una sobresuscripción de 45 veces.

El nombramiento se produce mientras Universal Biofuels, con sede en Hyderabad, busca expandir su planta de biodiésel de 80 millones de galones por año y diversificarse hacia la producción de etanol y gas natural renovable. La empresa señala la creciente demanda energética en la economía en expansión de la India como un motor clave para sus iniciativas de crecimiento.

Aemetis (NASDAQ: AMTX)는 2025년 7월 17일부로 인도 자회사 Universal Biofuels의 최고재무책임자(CFO)로 Anjaneyulu Ganji를 임명했습니다. Ganji 씨는 Dodla Dairy Limited에서 그룹 CFO로서 4억 5천만 달러 매출 규모의 사업을 관리하고 45배 초과 청약으로 성공적인 기업공개(IPO)를 이끈 풍부한 경험을 보유하고 있습니다.

이번 임명은 하이데라바드에 본사를 둔 Universal Biofuels가 연간 8천만 갤런 규모의 바이오디젤 시설을 확장하고 에탄올 및 재생 천연가스 생산으로 사업을 다각화하려는 목표를 가지고 있는 가운데 이루어졌습니다. 회사는 인도의 성장하는 경제에서 에너지 수요 증가가 성장 추진의 주요 동력이라고 밝혔습니다.

Aemetis (NASDAQ : AMTX) a nommé Anjaneyulu Ganji en tant que Directeur Financier (CFO) de sa filiale indienne, Universal Biofuels, à compter du 17 juillet 2025. M. Ganji apporte une expérience significative de son précédent poste de CFO groupe chez Dodla Dairy Limited, où il a géré une opération générant 450 millions de dollars de chiffre d'affaires et conduit une introduction en bourse réussie avec une sursouscription de 45 fois.

Cette nomination intervient alors qu’Universal Biofuels, basée à Hyderabad, vise à étendre son site de production de biodiesel de 80 millions de gallons par an et à se diversifier dans la production d’éthanol et de gaz naturel renouvelable. L’entreprise cite la demande énergétique croissante dans l’économie en expansion de l’Inde comme un moteur clé de ses initiatives de croissance.

Aemetis (NASDAQ: AMTX) hat Anjaneyulu Ganji zum Chief Financial Officer seiner indischen Tochtergesellschaft Universal Biofuels ernannt, wirksam ab dem 17. Juli 2025. Herr Ganji bringt umfangreiche Erfahrung aus seiner vorherigen Position als Group CFO bei Dodla Dairy Limited mit, wo er einen Betrieb mit 450 Millionen Dollar Umsatz leitete und einen erfolgreichen Börsengang mit einer 45-fachen Überzeichnung anführte.

Die Ernennung erfolgt, während Universal Biofuels mit Sitz in Hyderabad plant, seine 80 Millionen Gallonen pro Jahr Biodieselanlage zu erweitern und in die Produktion von Ethanol und erneuerbarem Erdgas zu diversifizieren. Das Unternehmen nennt die steigende Energienachfrage in Indiens wachsender Wirtschaft als wichtigen Antrieb für seine Wachstumsinitiativen.

Positive
  • Appointment of experienced CFO with successful IPO track record
  • Strong operational background managing $450M revenue company
  • Strategic expansion plans into ethanol and renewable natural gas markets
  • Existing large-scale facility with 80M gallon annual production capacity
Negative
  • Significant expansion plans may require substantial capital investment
  • Execution risks in diversifying into new product lines

CUPERTINO, Calif., July 17, 2025 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and biofuels company, announced today that its India subsidiary, Universal Biofuels, appointed Anjaneyulu Ganji as Chief Financial Officer, commencing responsibilities on July 17, 2025. 

“The growing India economy has increased demand for energy, including biodiesel, ethanol, and compressed natural gas,” stated Sanjeev Duggal, Managing Director of Universal Biofuels. “To lead the expansion of Universal, we are very pleased to have a high-quality executive such as Anjan (Anjaneyulu Ganji) join the company as we increase existing production as well as finance and build new biofuels projects.” 

“Having completed initial public offerings and other financings for growth companies in India, including an IPO for a large dairy business, I am confident that the growing market in India creates opportunities for production expansion and investments in new markets,” said Anjaneyulu Ganji, Chief Financial Officer of Universal Biofuels. “The leadership team at Aemetis has shown its ability to manage opportunities in India and has built an excellent reputation for biofuel product delivery and quality. I am excited to join the team and look forward to many successes as we expand the company.” 

Mr. Ganji was the Group Chief Financial Officer of Dodla Dairy Limited, a company with $450 million per year of current revenue headquartered in Hyderabad, India. At Dodla Dairy, he led the strategy, finance, secretarial, tax, and treasury operations of a multinational operation with 14 manufacturing plants across five countries. Dodla Dairy was the second largest private dairy in India prior to undertaking an Initial Public Offering (IPO) in 2021, which Mr. Ganji successfully managed with 45 times over-subscriptions CFO.

Mr. Ganji was also the Group CFO for Marengo Asia Healthcare and was Global Head of Accounting and Controlling at Maersk Line GmbH (GSC), in charge of global finance, accounts, and finance transformation for $40 billion Maersk Line, Maersk Oil, Seago and Sealine. Previously, he was a DGM and finance controller at the $700 million TATA Cummins Ltd, responsible for the finance and accounts function for the India Parts Distribution Center. 

Based in Hyderabad since 2007, the Universal Biofuels subsidiary of Aemetis built, owns, and operates an 80 million gallon per year production facility on the East Coast of India producing high quality biodiesel and refined glycerin. Universal Biofuels is expanding biofuels production as well as diversifying into ethanol and renewable natural gas production facilities.

About Aemetis

Headquartered in Cupertino, California, Aemetis is a renewable natural gas and biofuels company focused on the operation, acquisition, development, and commercialization of innovative technologies that lower fuel costs and reduce emissions. Founded in 2006, Aemetis is operating and actively expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high quality biodiesel and refined glycerin. Aemetis is developing a carbon sequestration well project and a renewable diesel fuel and SAF biorefinery in Riverbank, California. For additional information about Aemetis, please visit www.aemetis.com.

Safe Harbor Statement

This news release contains forward-looking statements, including statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements include, without limitation, projections of financial results in 2025 and future years; statements relating to the development, engineering, financing, construction and operation of the Aemetis ethanol, biogas, SAF and renewable diesel, biodiesel and carbon sequestration facilities; our ability to promote, develop, finance, and construct facilities to produce biogas, renewable fuels, and biochemicals; and statements about future market prices and results of government actions. Words or phrases such as “anticipates,” “may,” “will,” “should,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “showing signs,” “targets,” “view,” “will likely result,” “will continue” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and predictions and are subject to numerous risks and uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may result from current weather conditions, financial market risks, customer adoption, counter-party risks, risks associated with changes to federal policy or regulation, and other risks detailed in our reports filed with the Securities and Exchange Commission, including our Annual Reports on Form 10-K, and in our other filings with the SEC. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an update is required by applicable securities laws.

Company Investor Relations

Media Contact:
Todd Waltz
(408) 213-0940
investors@aemetis.com

External Investor Relations
Contact:
Kirin Smith
PCG Advisory Group
(646) 863-6519
ksmith@pcgadvisory.com   


FAQ

Who is the new CFO of Aemetis India (NASDAQ: AMTX)?

Anjaneyulu Ganji was appointed as CFO of Aemetis' India subsidiary, Universal Biofuels, effective July 17, 2025. He previously served as Group CFO of Dodla Dairy Limited, a $450M revenue company.

What is the production capacity of Aemetis' India facility?

Universal Biofuels operates an 80 million gallon per year production facility on India's East Coast, producing biodiesel and refined glycerin.

What are Aemetis' (AMTX) expansion plans in India?

Universal Biofuels is planning to expand its existing biofuels production and diversify into ethanol and renewable natural gas production facilities to meet growing energy demand in India.

What is the background of AMTX's new India CFO?

Anjaneyulu Ganji previously led Dodla Dairy's successful IPO with 45x oversubscription, managed $40B in finances at Maersk Line, and served as Global Head of Accounting at Maersk Line GmbH.

Where is Aemetis' India subsidiary located?

Universal Biofuels, Aemetis' India subsidiary, is based in Hyderabad since 2007 and operates its production facility on India's East Coast.
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