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Home arrow News arrow Auto component arrow Sunil Pahilajani to take over as Managing Director & CEO of Greaves Cotton
Sunil Pahilajani to take over as Managing Director & CEO of Greaves Cotton Print E-mail
Written by Vivek, Arjun   
Tuesday, 25 October 2011
Mumbai: Sunil Pahilajani has been appointed as Managing Director & CEO Designate of Greaves Cotton Limited with effect from October 21, 2011. He will take over as MD & CEO from the present incumbent Prabhakar Dev who retires on November 4, 2011.

In his new role, Pahilajani will oversee the Company's operations and performance while guiding it to retain leadership position in engines and infrastructure equipment – the two core competencies of the Company. He will also provide impetus to the Company’s ambitious growth plans.

Prior to his new appointment by the Board, Pahilajani held the position of Chief Executive Officer Designate in the Company. With 27 years of rich industry experience including top management positions, Mr. Pahilajani will lead a team of professional managers backed by an experienced workforce to deliver greater stakeholder value.

A Mechanical Engineer from IIT, Roorkee, Pahilajani's experience in providing dynamic, innovative and visionary leadership to enthuse, energise and create high performance, self propelled teams will be a vital asset to the organization as the Company strives to continually raise the bar and achieve greater success in the years ahead.

Greaves Cotton' PAT rises by 6.5% for Second Quarter ended September 2011.

Greaves Cotton Limited has reported higher revenue at Rs.439.57 Crores for the quarter ended 30th September 2011 as against Rs.378.39 Crores for the corresponding quarter last year (an increase of 16.2%). The Profit After Tax (PAT) has increased to Rs.38.64 Crores as against Rs.36.27 Crores, for the corresponding quarter last year (a growth of 6.5%).

The Company has declared second interim dividend of 20% equivalent to Rs. 0.40 per Equity Share of face value of Rs. 2/- each. Though, industry growth momentum is slowing down, the Company’s Automotive Engines segment, which enjoys a formidable position in the market, showed good growth.

The new manufacturing facility for automotive engines was inaugurated on 19th October, 2011 by Karan Thapar, Chairman, Greaves Cotton Limited. The plant will have an initial capacity to manufacture 87000 engines per annum, to meet the industry demands. This unit will manufacture both single and twin cylinder engines and will help meet the growing demand for such engines from small commercial vehicle manufacturers.

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