Festo India Pvt Ltd, an automation technology company, has announced that Ravi Sastry will assume the role of Managing Director starting September 2025. He will succeed Rashmikant Joshi, who is stepping down after more than three decades with the company.
Sastry joined Festo in 2016 and has since held roles in finance and operations, including Chief Financial Officer and Cluster Head Finance (South Asia). Most recently, he served as Deputy General Manager and Director of Sales, Marketing, and HR. His professional background includes qualifications as a Chartered Accountant (ICAI) and Cost Accountant (ICWAI). Sastry contributed to key initiatives such as the commissioning of Festo’s new manufacturing facility in Hosur, Tamil Nadu, in 2025.
Joshi, who holds degrees in mechanical engineering from L.D. College of Engineering and Technische Universität Berlin, has been Managing Director since at least 2002. During his tenure, he oversaw expansions and other strategic developments, including Festo’s centenary year in 2025, when the company launched a new plant in Hosur with an investment of INR 5 billion.
Festo India Pvt Ltd is a subsidiary of Festo SE & Co. KG, a company engaged in automation technology. It operates in the fields of factory and process automation, with activities that include manufacturing, sales, and customer support in India.
