The Board of Directors of CG Power and Industrial Solutions Limited (“CG Power”) has been engaged for the last several months in finding a successor for the incumbent Managing Director Mr. N Srinivasan. After an extensive search, the Board selected Mr. Amar Kaul as next Managing Director & CEO for a period of 5 years beginning 25th July 2024.
The incumbent Managing Director Mr. Srinivasan has led the company since the date of takeover by Tube Investments of India Ltd. viz., on 26th November 2020. Mr. Srinivasan has scripted a remarkable turnaround of CG Power, indeed one of its kind in Indian corporate history and a 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.
execute and manage high growth P&L and foster innovation across Engineering, Capital Goods sector, Automotive Industry, sectors that are important to CG Power.
