3M India Announces Leadership Transition And Reports Quarterly Results

Leadership Transition  
The board confirmed that Aseem Kuldip Joshi will take charge as Managing Director from April 1, 2026. He succeeds Ramesh Ramadurai, who will retire after serving in the role until March 31, 2026. The transition is expected to ensure continuity in strategic direction and operational focus.  

Quarterly Performance  
For the December 2025 quarter, 3M India reported consolidated revenue from operations of 12.28 billion rupees. Despite strong topline performance, the company posted a net loss of 620.5 million rupees, reflecting cost pressures and market challenges.  

Market Outlook  
The leadership change comes at a crucial time as 3M India works to strengthen profitability and navigate industry headwinds. The company is expected to focus on operational efficiency, innovation, and market expansion under new leadership.  

Key Highlights  

• Aseem Kuldip Joshi appointed Managing Director effective April 1, 2026  
• Ramesh Ramadurai to retire on March 31, 2026  
• December quarter revenue from operations at 12.28 billion rupees  
• Loss after tax reported at 620.5 million rupees  
• Focus on efficiency and innovation under new leadership  

Conclusion  
3M India’s leadership transition and quarterly results highlight both challenges and opportunities ahead. With a new Managing Director at the helm, the company aims to strengthen its market position while addressing profitability concerns.  

Sources: Reuters, Economic Times, Business Standard