Greaves Cotton Eyes on Engineering Growth Under New CEO Parag Satpute

Greaves Cotton Appoints Parag Satpute as New MD & Group CEO, Eyes Aggressive Growth in Engineering Sectors.

In a strategic leadership move, Greaves Cotton Ltd, a leading force in India’s electric vehicle (EV) and mobility solutions space, has appointed Mr. Parag Satpute as its new Managing Director and Group CEO. Mr. Satpute will oversee the strategy and operations of Greaves Engineering, Greaves Retail, Greaves Technologies, and Excel Controlinkage Private Limited.

Mr. Satpute has over 29 years of experience in leadership roles in the mobility solutions and manufacturing sector across global and domestic markets. He joins Greaves Cotton Limited from Bridgestone Mobility Solutions, where he served as the President of their Fleet Business. Prior to this role he was the Managing Director of Bridgestone India, leading a comprehensive business transformation for the organisation. Before Bridgestone, he also had a distinguished career at Sandvik stretching over 2 decades where he grew to the role of Managing Director and Chairman of the Board (Subsidiaries) for India. Mr. Satpute holds a Mechanical Engineering degree from Pune University and an Executive MBA from Warwick Business School.

“I am excited to join Greaves Cotton Limited at this pivotal moment in its journey. The company’s’ demonstrated legacy in empowering lives through sustainable and accessible solutions resonates strongly with me. I look forward to working closely with the team to advance this vision and drive strategic business outcomes.”

This transition follows the resignation of Dr. Arup Basu, whose term officially ends on May 9, 2025.

Why This Matters for India’s EV Industry

Greaves Cotton has evolved beyond its roots in diesel engine manufacturing to become a key player in India’s EV transition, backed by strategic investments in electric mobility, clean tech, and digitally integrated solutions. In leadership roles in the mobility solutions and the manufacturing sector across global and domestic markets. He joins Greaves Cotton Limited from Bridgestone Mobility Solutions, where he served as the President of their Fleet Business. Prior to this role he was the Managing Director of Bridgestone India, leading a comprehensive business transformation for the organisation. Before Bridgestone, he also had a distinguished career at Sandvik stretching over 2 decades where he grew to the role of Managing Director and Chairman of the Board (Subsidiaries) for India. Mr. Satpute holds a Mechanical Engineering degree from Pune University and an Executive MBA from Warwick Business School.

Greaves Cotton reported a 13% YoY growth in Q3 FY25, clocking ₹751 crore in consolidated revenue. This solid performance across all segments—including EVs, engineering services, and retail—provides a strong runway for the new MD to scale operations and innovation.

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