Nagesh Basavanhalli is now vice chairman of Greaves Cotton

The Board of Directors of Greaves Cotton Ltd announced that Nagesh Basavanhalli, Managing Director and Chief Executive Officer- Greaves Cotton Limited, had decided to relinquish his executive responsibilities in the organisation, due to personal and family commitments.

While accepting his resignation, the Board announced that Basavanhalli would continue to be a member of the Board and would be designated Vice Chairman of the Board effective August 14, 2020.

In his role as Vice Chairman, he would continue to provide strategic direction to Greaves Cotton and be actively involved in the deliberations of the Managing Committee of GCL in a non-executive capacity. Basavanhalli will also continue to be a member of the Board of Directors of Greaves Cotton’s ambitious EV venture, Ampere Vehicles Pvt Ltd, and provide it with strategic direction and mentoring.

The Board also announced the appointment Ajit Venkataraman as the Executive Director of GCL. In his new role Venkataraman will take over the executive responsibilities of Greaves Cotton and continue to scale up the growth momentum of the organisation. Venkataraman comes with diverse industry experience both national and global, and an impressive track record of delivering performance consistently through the years.