Mahindra CIE Automotive Limited, a multi-technology automotive components supplier, announced the appointment of Hari Krishnan as Chief Executive Officer – Forgings & Billforge Division, and Puneet Renjhen as Additional Director of the company, effective February 22, 2022.
According to the company’s exchange filing, “The Board of Directors, on recommendation of the Nomination and Remuneration Committee, appointed Mr. Puneet Renjhen (DIN: 0009498488) as additional director (non-executive, non independent) of the Company w.e.f. 22nd February 2022 who will hold the said office till the date of ensuing Annual General Meeting of the Company in accordance with the provisions of Section 161 of the Companies Act, 2013 (the Act). The Board has also proposed to the members, appointment of Mr. Puneet Renjhen (DIN: 0009498488) as a Director of the Company, liable to retire by rotation, in accordance with Section 152 and Section 160 of the Act.”
Puneet Renjhen, 43, is Executive Vice President & Head – Partnerships & Alliances, at Mahindra & Mahindra Ltd. He is responsible for leading Partnerships & Alliances for the Group and leveraging potential acquisitions, JVs and synergies to take the Group to the next leap of growth.
Prior to joining Mahindra & Mahindra Ltd he was working as Executive Director, Investment Banking at Avendus. Prior to this he worked with Standard Chartered Bank (SCB) in Capital markets, M&A advisory and Leveraged Finance out of their Singapore and Mumbai offices. He also worked with Citigroup in London & Mumbai in their Industrial, Real Estate and Technology Investment Banking teams. He has also briefly worked in Kotak & Lazard. In his career, he led advisory and capital raising transactions of more than USD 25 billion for some of the largest global and Indian corporates.
Puneet has completed management programs in M&A and Leadership from London Business School and holds an MBA degree from ISB, Hyderabad. He has completed his Bachelors Degree in Commerce with Honours from Delhi University.
“The Board of Directors of the Company, on the recommendation of the Nomination and Remuneration Committee, appointed Mr. Hari Krishnan as Chief Executive Officer – Forgings and Billforge Division with effect from 22nd February 2022, who shall be a Key Managerial Personnel of the Company in accordance with Section 203 of the Companies Act, 2013. He shall head, oversee and be responsible for business and operations of Forgings Businesses at Chakan and Billforge,” according to the company’s exchange filing.
Hari Krishnan, aged about 55 years, graduated with a Bachelor of Engineering degree from Birla Institute of Science & Technology, Pilani, Rajasthan. He has over three decades of experience in the automobile sector. Previously he was working as CEO of Bill forge and Forgings Divisions of the Company till 31st August, 2021 and later served in consulting role. He has also served as the Joint Managing Director of Bill Forge Private Limited which later merged with MCIE where he headed the Operations. Hari Krislman has previously held executive positions in MGM Forgings Private Limited and L.G. Balakrishnan & Bros Limited.
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