Greaves Cotton appoints Parag Satpute as MD and Group CEO

Greaves Cotton Ltd appointed Parag Satpute as the Managing Director, Group Chief Executive Officer, and Key Managerial Personnel effective from April 14, 2025, for a term of five years.

Satpute will oversee the operations of Greaves Engineering, Greaves Retail, Greaves Finance, Greaves Technologies, and Excel Controlinkage. The appointment is subject to shareholder and regulatory approvals.

Satpute brings 29 years of experience, having previously served as President of Fleet Business at Bridgestone Mobility Solutions in Europe. From 2017 to 2022, he was Managing Director of Bridgestone India, where he led business transformation initiatives. Before Bridgestone, he held various leadership roles at Sandvik, culminating in his position as Managing Director and Chairman of Board (Subsidiaries) for India. He holds a Mechanical Engineering degree from Pune University and an Executive MBA from Warwick Business School.

Additionally, the company announced the re-designation of Dr. Arup Basu as Chief Executive Officer – Greaves Engineering, effective April 14, 2025, following the appointment of Satpute.

The company stated that the appointments comply with regulatory guidelines and governance standards.