The Board of Directors of Greaves Cotton Ltd on August 13 announced that Mr Nagesh Basavanhalli, Managing Director and Chief Executive Officer- Greaves Cotton Limited, had decided to relinquish his executive responsibilities in the organisation due to personal and family commitments.
While accepting his resignation, the Board announced that Mr. Basavanhalli would continue to be a member of the Board and designated Vice-Chairman of the Board effective August 14. Mr Basavanhalli will also continue to be a member of the Board of Directors of Greaves Cotton’s EV venture, Ampere Vehicles, and provide it with strategic direction and mentoring.
The Board also announced the appointment Mr Ajit Venkataraman as the Executive Director of GCL. Mr Venkataraman comes with diverse industry experience both national and global, and an impressive track record of delivering performance consistently through the years.