Greaves Cotton Limited, a diversified, multi-product engineering company with a legacy spanning over 165 years, has appointed Parag Satpute as its new Managing Director and Group Chief Executive Officer.
In this new role, Satpute will lead the company’s strategy and operations across its core business verticals—Greaves Engineering, Greaves Retail, Greaves Technologies, and Excel Controlinkage Private Limited. His primary focus will be on strengthening these businesses, driving innovation, and accelerating long-term growth in line with Greaves Cotton’s purpose of empowering lives through sustainable and accessible solutions.
With close to three decades of global leadership experience in the mobility and manufacturing sectors, Satpute brings a strong track record in business transformation and operational leadership. He joins Greaves Cotton from Bridgestone Mobility Solutions, where he served as President – Fleet Business. Prior to that, he was Managing Director at Bridgestone India, where he led a comprehensive business transformation. Earlier in his career, he spent over two decades at Sandvik, rising to the roles of Managing Director and Chairman of the Board (Subsidiaries) in India.
Satpute holds a Mechanical Engineering degree from Pune University and an Executive MBA from Warwick Business School.
In a statement on his appointment, Satpute said, “I am excited to join Greaves Cotton Limited at this pivotal moment in its journey. The company’s’ demonstrated legacy in empowering lives through sustainable and accessible solutions resonates strongly with me. I look forward to working closely with the team to advance this vision and drive strategic business outcomes.”
His appointment marks a planned leadership transition, as Dr. Arup Basu, the current Managing Director, is set to complete his term on May 9, 2025. Satpute’s onboarding signals a significant milestone in Greaves Cotton’s journey, as the company continues to evolve, diversify, and expand its footprint across competitive sectors.
The appointment is for a five-year term, subject to customary shareholder and regulatory approvals.
