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Home arrow News arrow Business News arrow Bazmi Husain appointed Country Manager and Managing Director of ABB India
Bazmi Husain appointed Country Manager and Managing Director of ABB India Print E-mail
Written by Vijay   
Monday, 01 November 2010
Mumbai: Bazmi Husain, the global head of the Smart Grid industry segment for ABB, has been appointed Country Manager and Managing Director of ABB Ltd. in India effective January 1, 2011.

Bazmi, an Indian citizen, will replace Biplab Majumder, who will retire from ABB after a long and distinguished career at ABB of 33 years. Biplab will continue as a member of the Board of ABB India until the Annual General Meeting in 2011.

Bazmi joined ABB in 1981, and managed a variety of local business units and divisions in India and Singapore before taking responsibility for ABB’s research center in India in 2002. From 2005 through 2009 he was director of ABB’s Corporate Research Center in Västerås, Sweden and also led ABB’s global automation technology research.

ABB Limited India’s results are back on the path to growth and show improvement in the third quarter of 2010. Orders grew by nearly 8% as a result of large orders booked in the Power Systems and Process Automation divisions.

“We see that the market for our power and automation solutions is buoyant and orders for the company are on a growth path - future revenue is secure.” said Biplab Majumder , “However, the exit costs from the non-core businesses continue to impact the results in the short term.”

Orders
The company received orders worth 20,310 MINR during the quarter ended Sep 30, 2010, compared with an order intake of 18,932 MINR for the same period last year, which is nearly 8% more than the previous quarter. Major successes in securing large orders in Power Systems and Process Automation fuelled the increase in the order growth.

Order backlog
The company’s order backlog increased to 91,781 MINR as of the end of Sep 2010. The strong order backlog situation provides significant visibility for the coming quarters across the business segments.

Revenue and operations
The revenue for the second quarter ending Sep 2010 was 13,340 MINR, marginally lower than the same period last year. The major portion of the backlog constitutes large projects with long gestation periods. The company continued to remain debt free as in the past.

Net profit
The profit before tax of the company was 208 MINR for the quarter ended Sep 2010. The adverse impact on profit was mainly due to lower price realization, relatively lesser revenues and continued costs on exit from rural electrification business.

“Throughout his career at ABB, Bazmi has had a customer focus that has resulted in innovative approaches to the market and new solutions for our customers.” said Gary Steel, Chairman of ABB Ltd. in India.”He brings to the table a global approach that will benefit ABB in India as the country starts to take an even stronger position within the context of ABB globally.”

Bazmi is currently head of the Smart Grid industry segment initiative within Marketing & Customer Solutions, where he has done an exceptional job of defining ABB’s go-to-market strategy in this important sector.

“Bazmi is an outstanding choice to lead one of ABB’s most promising, strategically important growth markets. He has an in-depth understanding of power and automation technologies as well as a keen understanding of marketplace dynamics and customer needs.” said Steel.

 
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