Greaves Cotton's Leadership Revamp: Parag Satpute Takes Charge as MD & Group CEO

Unknown Apr 02, 2026 500 Views

Greaves Cotton Ltd., a diversified engineering group with a history spanning more than 165 years, has named Parag Satpute as its new Managing Director and Group Chief Executive Officer. This appointment is designed to lead operational excellence, sustainable growth, and innovation within the company's varied business segments.

Key Highlights

Leadership Appointment: Parag Satpute, who has almost three decades of experience in the industry, will lead important divisions like Greaves Engineering, Greaves Retail, Greaves Finance, Greaves Technologies, and Excel Controlinkage. His appointment is effective as of April 14, 2025, for a five-year term subject to shareholder and regulatory approvals.

Background and Experience: Satpute has had previous experience as President of Fleet Business at Bridgestone Mobility Solutions in Europe and as Managing Director of Bridgestone India. He has also worked in leadership capacities at Sandvik, where he led business activities and development in high-value segments of manufacturing.

Strategic Direction: With Satpute at the helm, Greaves Cotton will look to strengthen its stake in the mobility business, especially in electric and eco-friendly solutions. The company has recently demonstrated new-age products at Auto Expo 2025, such as electric two-wheelers and three-wheelers, and hydrogen fuel engine concepts.

Organizational Changes: On Satpute's appointment, Dr. Arup Basu has been reposted as Chief Executive Officer of Greaves Engineering with a mission to drive innovation and operational excellence in the engineering business.

Workplace Culture: Greaves Cotton has been featured as one of India's Top 25 Best Workplaces in Manufacturing 2025, reflecting its dedication towards building a high-trust workplace culture and empowering employees.

This leadership change is a big step towards Greaves Cotton becoming a major player in sustainable mobility solutions.

Source: Exchange4Media, Tyre Trends, HR Today