CG Power has appointed Amar Kaul as MD and CEO, for a five year period, effective 25 July, 2024.
The incumbent Managing Director N Srinivasan has led the company since the date of takeover by Tube Investments of India Ltd. viz., on 26 November, 2020. Srinivasan has scripted a remarkable turnaround of CG Power, indeed one of its kind in Indian corporate history and performance measured across all metrics such as growth in revenue, EBITA margins, capacity expansion, profitability, business diversification, addressing all legacy issues covering such areas as financial accounts, tax dispute etc, the press release noted.
Amar Kaul joins the Company from tomorrow, as Managing Director and CEO – Designate and take over as the Managing Director and CEO, effective 25 July 2024. Vellayan Subbiah, as the Chairman of CG Power, will continue to offer strategic guidance and oversight over the governance process.
Amar Kaul has over 30 years of total work experience. Starting his career as a quality consultant, Kaul has worked across manufacturing, application engineering, supplier and quality development, and deployment of six sigma and lean manufacturing.
Kaul was in the executive leadership position leading EMEIA (Europe, Middle East, India and Africa) region for compression systems and services in Ingersoll Rand. He also served as the Chairman and Managing Director of Ingersoll Rand, a listed company in India. Prior to this, he held senior leadership positions in Bharat Forge Ltd. and Delphi. Mr. Amar Kaul has proven ability to strategise, execute and manage high growth P&L and foster innovation across Engineering, Capital Goods sector, Automotive Industry, sectors that are important to CG Power.
Amar Kaul holds a B. Tech (Mechanical Engineering) from G.B. Pant University and MS Degree (Engineering Business Management) from Warwick University in UK.