Lumax Auto Technologies Limited appointed Parag Shah as an Independent Director on its board. Mr. Shah is the Founder and Partner of Amara Partners, a mid-market Private Equity fund.
In a career spanning over 25 years, Mr. Shah had held various positions with the Mahindra Group and in his last role, he was a Member of the Group Executive Board. Mr. Shah has extensive experience in building new businesses, turn arounds, joint ventures, mergers and acquisitions and IPOs.
Mr. Shah is a Director on several companies such as Mahindra Accelo, Mahindra Waste to Energy, The Indian and Eastern Engineer Company, MME (Sharjah), Global Chess League (Geneva) & PSL Media and Communication. He is also an Independent Director on the board of HDFC AMC Ltd.
He has also held important positions at various industry bodies like CII, FICCI, American Alumni Association, TiE Mumbai and has been invited as a regular speaker at various Industry and academic forums in India & Internationally.
Mr. Shah has a BS Degree in Computer Engineering from the Illinois Institute of Technology with special electives in Psychology and Manufacturing Technology. He is also a graduate of the General Management Program from Harvard Business School.
Mr. Shah has been recognized by Economic Times & Spencer Stuart as India’s Top 40 Business Leaders under the age of 40. He was also featured by India Today as ‘Leaders of Tomorrow’ in their anniversary issue.
“We are delighted to welcome Mr. Shah as our Independent Director. Mr. Shah’s extensive strategic experience, combined with deep insights for business transformation, Joint Ventures, Merger and Acquisitions will help drive growth and innovation at Lumax,” says Mr. Anmol Jain, Managing Director, Lumax Auto Technologies.
Mr. Deepak Jain, Director, Lumax Auto Technologies added, “His experience in understanding large & complex businesses along with managing talent and growth will help Lumax and our aspirations. His experience across multiple and diverse industries, such as manufacturing, logistics, retail, consulting, healthcare will enable him to offer a unique perspective and insights.”
“It is my pleasure and privilege to join the Lumax Auto Technologies board. The company has been a leader in the auto ancillary industry for several decades now and I am confident that they will continue to maintain their pole position with their recent investments in technology and partnerships”, said Mr. Shah
