Lumax Auto Technologies Limited has appointed Parag Shah as an Independent Director. Shah is the Founder and Partner of Amara Partners, a mid-market Private Equity fund.
He has over 25 years of experience and has held various positions within the Mahindra Group, most recently serving as a Member of the Group Executive Board. His expertise includes building new businesses, turnarounds, joint ventures, mergers and acquisitions, and IPOs.
Shah currently serves as a Director on the boards of Mahindra Accelo, Mahindra Waste to Energy, The Indian and Eastern Engineer Company, MME (Sharjah), Global Chess League (Geneva), and PSL Media and Communication. Additionally, he is an Independent Director on the board of HDFC AMC Ltd.
Shah has been involved with industry bodies such as CII, FICCI, American Alumni Association, and TiE Mumbai, and is a regular speaker at various industry and academic forums both in India and internationally.
Anmol Jain, Managing Director of Lumax Auto Technologies, stated, “Shah’s extensive strategic experience, combined with his insights into business transformation, joint ventures, and mergers and acquisitions, will help drive growth and innovation at Lumax.”
Deepak Jain, Director of Lumax Auto Technologies, added, “Shah's experience in managing large and complex businesses, along with his knowledge across various industries such as manufacturing, logistics, retail, consulting, and healthcare, will provide valuable perspectives and insights to Lumax.”