Greaves Cotton Limited, a diversified engineering company with a rich 165-year legacy, has announced the appointment of Mr. Parag Satpute as its new Managing Director and Group Chief Executive Officer. In this role, Mr. Satpute will lead the strategic direction and operations of Greaves Engineering, Greaves Retail, Greaves Technologies, and Excel Controlinkage Private Limited. His mandate includes driving growth across these businesses and advancing the company’s mission of ‘Empowering Lives’.
Mr. Satpute has over 29 years of experience in leadership roles in the mobility solutions and the manufacturing sector across global and domestic markets. He joins Greaves Cotton Limited from Bridgestone Mobility Solutions, where he served as the President of the Fleet Business. Prior to this role he was the Managing Director of Bridgestone India, leading a comprehensive business transformation for the organisation. Before Bridgestone, he also had a distinguished career at Sandvik stretching over 2 decades where he grew to the role of Managing Director and Chairman of the Board (Subsidiaries) for India. Mr. Satpute holds a Mechanical Engineering degree from Pune University and an Executive MBA from Warwick Business School.
Commenting on his new role, Mr. Parag Satpute, Managing Director & Group CEO of Greaves Cotton Limited, said, “I am thrilled to join Greaves Cotton at such a transformative time in its journey. The company’s strong legacy of empowering lives through sustainable and accessible solutions deeply resonates with me. I look forward to collaborating with the team to further this vision and drive strategic growth.”
Following the resignation of Dr. Arup Basu as Managing Director, his tenure with the company will conclude at the close of business on May 9, 2025.
