Parag Satpute appointed as Managing Director and Group CEO of Greaves Cotton

Satpute will be responsible for overseeing the operations of Greaves Engineering, Greaves Retail, Greaves Finance, Greaves Technologies, and Excel Controlinkage. The appointment is contingent upon shareholder and regulatory approvals.

Greaves Cotton Ltd has appointed Parag Satpute as Managing Director, Group Chief Executive Officer, and Key Managerial Personnel, effective from April 14, 2025, for a five-year term. Satpute will be responsible for overseeing the operations of Greaves Engineering, Greaves Retail, Greaves Finance, Greaves Technologies, and Excel Controlinkage. The appointment is contingent upon shareholder and regulatory approvals.

Satpute brings 29 years of experience, having previously served as President of Fleet Business at Bridgestone Mobility Solutions in Europe. From 2017 to 2022, he was Managing Director of Bridgestone India, where he led business transformation initiatives. Before Bridgestone, he held various leadership roles at Sandvik, culminating in his position as Managing Director and Chairman of Board (Subsidiaries) for India. He holds a Mechanical Engineering degree from Pune University and an Executive MBA from Warwick Business School.

Additionally, the company announced the re-designation of Dr. Arup Basu as Chief Executive Officer – Greaves Engineering, effective April 14, 2025, following the appointment of Satpute.

The company stated that the appointments comply with regulatory guidelines and governance standards.