Pitti Engineering Limited announced the re-appointment of Sharad B Pitti as Chairman and Managing Director of the company, with effect from May 1, 2022. Also, Akshay S Pitti, Vice Chairman and Managing Director of the company, has been appointed interim Chief Financial Officer of the company.
Akshay S Pitti succeeds N K Khandelwal, who has resigned from the role of President-Corporate Resources & Chief Financial Officer.
Sharad B Pitti is the promoter of the Company. He is a visionary and a pioneer for lamination manufacturing in the organised sector in India. He has over 43 years of industrial experience in manufacture of electrical steel stamping and laminations. He has played a pivotal role in the Company’s growth and development, the statement said.
Akshay S Pitti is a Commerce Graduate and has been in Whole-Time-Director position since October 14, 2004. He has started his entrepreneurial journey at an early age. With his extensive experience of serving in different roles within the Company, he has gathered the expertise to efficiently lead the Company, the statement said.
Pitti Engineering Limited (Formerly Pitti Laminations Limited) promoted by Sharad B. Pitti, was founded in 1983 and is India’s leading manufacturer of Electrical Steel Laminations, Motor Cores, Sub-Assemblies, Die-Cast Rotors and Press Tools.
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