After more than 13 years at Tier-1 major Anand Group, Manoj Kolhatkar who is the incumbent Managing Director of Anand Group’s flagship company Gabriel India, has stepped down from his role citing personal reasons, the company intimated the stock exchanges today.
Kolhatkar, who joined Anand Group in 2011, had transitioned after an illustrious career of over two decades at the Tata Group, serving as the CEO of Tata Yazaki, and Tata AutoComp’s Interior and Plastic division, respectively.
His tenure at Gabriel India will come to an end on October 17, 2024, wherein Kolhatkar shall also cease to be a member of the stakeholder relationship committee and CSR committee of the Board of Gabriel India on the same date.
Atul Jaggi, the incumbent President and Deputy Managing Director of Gabriel India, has been chosen to take over as the new MD from October 18, 2024, for five years. Jaggi has automotive industry experience of over 25 years,
A mechanical engineer from the Nagpur University of Nagpur, and with a degree in business management from the Pune University, Kolhatkar was stationed in Pune at the Gabriel India mother plant in Chakan.
The company is a leading manufacturer of suspension systems including shock absorbers and dampers for two-wheelers, commercial vehicles, and passenger vehicles, and has also captured a major share of the EV segment in India. Under Kolhatkar’s leadership, it aims to be among the Top 5 suspension systems players in the world, while also eyeing diversification and other M&A opportunities.
In addition to his full-time role at Gabriel India, Kolhatkar is also involved in the activities of industry body ACMA as a member of its executive committee and also serves in the Governing Council of the Automotive Skills Development Council.
Also watch: Manoj Kolhatkar’s video interview