Pune-based auto component manufacturer Flash, which specialises in electrical and electronic components for two-wheeler and three-wheeler EVs, has appointed Rajnish Diwan as the CEO.
Diwan will be responsible for the company’s new automotive business trends, namely connected, autonomous, shared and electrified mobility solutions. Besides this, Diwan, who has over 38 years of experience, will also focus on expanding into new business sectors. The company’s CSR and SDG sustainable development goals will also fall under his purview.
Sanjeev Vasdev, the Managing Director of Flash said that with Diwan, they looked forward to shaping the future of the auto component manufacturing industry.
Prior to FLASH, Diwan was an integral part of Japan-based Denso Corporation. A mechanical engineer and an alumnus of IIM Calcutta, he was one of the initial members to establish and expand Denso’s business in India.
Earlier in January this year, Flash informed Autocar Professional that the company was planning a capital raise of US$ 25 to US$ 50 million in the coming 4-5 months to fulfil demands for the electric vehicle business, adding that an IPO was ‘certainly a possibility in the next two to three years when the time and scale are right, Vasdev said.