The Centre has appointed AB Khare as the Chairman and Managing Director of the state-run Madras Fertilzers for a five-year term. In August 2015, the government headhunter Public Enterprise Selection Board (PESB) had recommended the name of Khare for the post of CMD at Madras Fertilizers Ltd (MFL). Khare will succeed I Vijay Kumar. His name was finalised after interviewing 7 shortlisted candidates.

Khare was previously working with state—owned fertiliser firm Rashtriya Chemicals and Fertilizers as Chief General Manager (Commercial).

MFL was incorporated in 1966 as a joint venture between the Government of India and Amoco India, a subsidiary of Standard Oil Company of the USA. It is under the administrative control of the Fertiliser Ministry. The Company is engaged in the manufacture of ammonia, urea and complex fertilizers at Manali, Chennai. The Company is the first Public Sector Undertaking in the Fertilizer industry to get the ISO 9002 certification.