Greaves Cotton Appoints Parag Satpute as New MD & Group CEO
Mumbai, India - Greaves Cotton Limited, a prominent player in the mobility and manufacturing sectors, has announced the appointment of Parag Satpute as its new Managing Director and Group CEO. The appointment, effective as Dr. Arup Basu prepares to step down on May 9, 2025, brings on board a seasoned leader with over three decades of experience in the mobility and manufacturing industries.
In his new role, Satpute will spearhead key divisions of the company, including Greaves Engineering, Retail, Technologies, and Excel Controlinkage. His primary focus will be on enhancing business operations and driving robust growth for Greaves Cotton.
Prior to joining Greaves Cotton, Satpute held significant leadership positions at renowned companies such as Bridgestone and Sandvik. Expressing his enthusiasm for his new role, Satpute stated his strong belief in Greaves Cotton's vision of creating clean and user-friendly solutions.
He conveyed his readiness to support the existing team and propel the company's mission forward in the clean mobility space.
The transition in leadership comes at a crucial time for Greaves Cotton as it continues its expansion within the clean mobility sector. The appointment of Satpute is seen as a significant step in the company's ongoing journey towards a more sustainable and environmentally conscious future. Dr. Arup Basu's departure on May 9th will mark the end of his tenure, paving the way for Satpute to lead the company into its next phase of growth.
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