Greaves Cotton Limited, cleantech powertrain solution provider, said that Nagesh Basavanhalli, Managing Director and Chief Executive Officer- Greaves Cotton Limited, had decided to relinquish his executive responsibilities in the organization, due to personal and family commitments.
While accepting his resignation, the company announced that Basavanhalli will be designated Vice Chairman of the Board effective August 14, 2020.
As Vice Chairman, Basavanhalli would continue to provide strategic direction to Greaves Cotton and be actively involved in the deliberations of the Managing Committee of GCL in a non-executive capacity.
He will also continue to be a member of the Board of Directors of the company’s electric vehicle venture, Ampere Vehicles Pvt Ltd, and provide it with strategic direction and mentoring.
The company appreciated, Basavanhalli’ s immense contribution to Greaves Cotton in the past four years.
The company has also appointed Ajit Venkataraman as the Executive Director of Greaves Cotton Limited. Venkataraman will take over the executive responsibilities of Greaves Cotton and continue to scale up the growth momentum of the company.
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