Mahindra Group has announced key leadership changes across its core businesses, with Hemant Sikka appointed as the Managing Director and CEO of Mahindra Logistics (MLL). Sikka, currently President of Mahindra’s Farm Equipment Sector (FES), will take over from Ram Swaminathan, who is stepping down to pursue other opportunities.
The reshuffle also sees Veejay Nakra, President of Mahindra’s Automotive Division, moving to lead the Farm Equipment Business (FEB) — one of the company’s most profitable verticals with a Return on Capital Employed (ROCE) exceeding 60%.
Nakra, who joined Mahindra in 1995, has been instrumental in turning around the auto business through strategic product launches and expansion of international operations.
Meanwhile, R Velusamy has been appointed President of the Automotive Business. Previously heading automotive technology and product development, Velusamy brings decades of experience in powertrain development and has led successful launches across Mahindra’s ICE and electric vehicle portfolios. Both Nakra and Velusamy will report to Rajesh Jejurikar, Executive Director and CEO – Auto & Farm Sectors.
“These leadership changes ensure that we have strong, proven leaders at the helm of our key businesses,” said Dr. Anish Shah, Group CEO and MD, Mahindra & Mahindra. “Their experience will enable us to drive significant growth and create greater value for our customers and shareholders. We thank Ram for his contributions and wish Hemant, Veejay, and Velu the very best.”
The leadership transition is aimed at bolstering Mahindra’s continued growth trajectory across logistics, farm equipment, and automotive sectors.
