Eastman Auto & Power Strengthens Leadership Team to Drive Future Growth
New Delhi: Eastman Auto & Power Ltd. has announced significant additions to its leadership team at Elevate 2024, marking a pivotal moment in the company’s evolution. This strategic reshuffling is aimed at bolstering Eastman’s position in Last Mile E-Mobility Solutions and Solar Rooftop Solutions.
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Financial Milestones and Ambitious Targets
Eastman concluded the fiscal year 2023-24 with an impressive turnover of over Rs. 3,600 crores, reflecting a 40% increase in revenue. Looking ahead, the company aims to reach Rs. 10,000 crores by FY 25-26. This ambitious target will be supported by increased investments in solar technology and electric vehicle solutions. Key initiatives include expanding power electronics manufacturing for solar inverters, forging technology partnerships, and exploring advanced energy storage solutions.
Key Leadership Appointments
- Ashok Jain is the new Chief Finance Officer (CFO), overseeing finance, accounts, and taxation, crucial for driving financial stability and growth.
- Mantosh Kumar takes on the role of Vice President of Finance Planning & Analysis, focusing on profitability, investor relations, and new business opportunities.
- Daulat Sati is appointed Service Head, bringing his industry expertise to enhance service quality and customer satisfaction.
- Nirvikar Sharma joins as Sales Head – INDIA 1 for Continued Energy Solutions, tasked with driving market growth in his region.
- Sunil Sood is the new Sales Head – INDIA 2, focusing on expanding the business through his network and distribution knowledge.
- Ritesh Srivastava becomes Vice President of Supply Chain Management, responsible for overseeing operations and warehouse management.
- Bhupinder Singh will serve as Vice President of Exports, playing a key role in expanding Eastman’s international market presence.
- Sudham Ravinutala is appointed Chief Marketing Officer, using his strategic marketing skills to advance the brand and attract new customers.
Looking Forward
Mr. Shekhar Singal, Managing Director of Eastman Auto & Power Ltd., shared his excitement about the new appointments and the future direction of the company. He emphasized the importance of these structural changes in achieving Eastman’s strategic goals. The new leadership team, with their combined 625 years of experience, is expected to drive innovation, streamline operations, and respond to market demands effectively.
The Elevate 2024 meeting underscored Eastman’s strategic shift towards becoming a leader in Solar Rooftop Solutions and Last Mile E-Mobility Solutions. The event highlighted significant decisions on investments, product development, and distribution network expansion, setting the stage for a new growth phase and reinforcing the company’s commitment to excellence and innovation.
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