Management Changes

Appointment: Mr. Parag Goel has been appointed as Senior Management Personnel, designated as President Operations - Gailpur Plant.

  • Effective Date: May 26, 2026
  • Approval Mechanism: Board of Directors approved through Circular Resolution passed on May 24, 2026
  • Based on Recommendation: Nomination and Remuneration Committee

Resignation: The appointment of Mr. Parag Goel replaces Dr. Rajveer Choudhary who resigned from the position of COO (Gailpur Plant).

  • Resignation Effective: May 23, 2026

Professional Profile of New Appointee

Mr. Parag Goel's Qualifications and Experience:

  • Educational Background: BE in Mechanical from IET, Lucknow
  • Previous Role: Head of Neemrana Plant and Group Safety Head across all six plants of Hero MotoCorp
  • Experience: Over 30 years with Hero MotoCorp

Areas of Expertise:

  • Plant operations and automation
  • Industry 4.0 implementation
  • Cost optimization and productivity enhancement
  • Greenfield and brownfield project leadership (across India and Bangladesh)
  • Operational excellence through Lean, TPM, Kaizen methodologies
  • Advanced technology implementation (cobots and AGVs)
  • Sustainability initiatives focusing on energy efficiency, water conservation, and carbon footprint reduction
  • People leadership with emphasis on building high-performing teams and promoting gender diversity on shop floor

Additional Information

  • The term of appointment will be as per the Employment Terms of the Company
  • No director relationships disclosed (as appointment is of senior management personnel, not director)