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Kaynes Technology India Limited, a leading name in electronic manufacturing services, has made significant changes to its leadership structure, signaling strategic intent and renewed focus on growth and operational excellence. The company appointed Ramesh Kunhikannan, the founder and long-standing Managing Director, as Executive Vice Chairman, while bringing on board Muthukijmar Narayanaswamy as the new Managing Director, effective from September 2025.
Key Highlights Of Leadership Reshuffle
Ramesh Kunhikannan, who founded Kaynes in 1989 and played a pivotal role in the company’s rise, is elevated to Executive Vice Chairman, underscoring his ongoing strategic influence.
Muthukijmar Narayanaswamy, with over 16 years of senior leadership experience in the automotive and manufacturing sectors, including key roles at Meritor Heavy Vehicle Systems and Automotive Axle Limited, joins as Managing Director.
The leadership transition aims to combine Kunhikannan’s visionary guidance with Narayanaswamy’s operational expertise to drive Kaynes towards future growth milestones.
The reshuffle comes in the backdrop of CEO Rajesh Sharma’s resignation, indicating a broader management evolution demographic.
About Ramesh Kunhikannan’s Journey And Continued Vision
Ramesh Kunhikannan, an electrical engineering graduate from the National Institute of Engineering, Mysore, has been instrumental in building Kaynes from a modest contract electronics manufacturer into a multinational entity. Notably, Kaynes provided electronic systems crucial to India’s Chandrayaan-3 lunar mission, propelling Kunhikannan onto Forbes billionaire’s list in 2024. As Executive Vice Chairman, Kunhikannan will focus on long-term strategy, innovation stewardship, and stakeholder engagement.
Profile And Potential Of New Managing Director
Muthukijmar Narayanaswamy brings a strong operational background with leadership stints at Meritor Heavy Vehicle Systems India Ltd and Automotive Axle Limited. His expertise in manufacturing excellence, process optimization, and business scaling is expected to strengthen Kaynes’ core operations and accelerate business transformation initiatives.
Company Outlook And Strategic Implications
This leadership realignment suggests Kaynes’ commitment to balancing entrepreneurial vision with professional management. It is anticipated to enhance governance, operational agility, and market responsiveness in competitive electronic manufacturing and aerospace domains where Kaynes operates.
The company has witnessed robust growth post-IPO with expanding client relationships across automotive, aerospace, and healthcare sectors. The combined leadership is expected to harness technology evolution and global supply chain dynamics to sustain momentum.
Investor And Market Reaction
The market has shown a positive response to the leadership update reflecting confidence in the company’s strategic direction. Share price movements post-announcement indicate investor faith in Kaynes’ ability to navigate industry challenges while pursuing innovation-led growth.
Conclusion: A New Chapter In Kaynes’ Growth Story
Kaynes Technology India Ltd’s appointment of Ramesh Kunhikannan as Executive Vice Chairman and Muthukijmar Narayanaswamy as Managing Director marks a pivotal moment in the company’s evolution. This strategic leadership shift blends visionary continuity with operational expertise to steer Kaynes towards greater heights in the electronics manufacturing landscape, reinforcing its marquee status as an industry leader and innovation partner.
Source: Economic Times, NDTV Profit, Kaynes Technology official filings, Forbes, Business Standard
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