Swaraj Engines CEO Giju Kurian Departs in August
Swaraj Engines announces CEO Giju Kurian's departure in August due to his transition to a new role within the Mahindra Group, along with new leadership appointments.
by Damodharan N
Updated Jul 27, 2024
Swaraj Engines Limited has announced a significant leadership change. The company's Board of Directors, in a meeting on July 26, 2024, decided to accept the resignation of Mr. Giju Kurian, who has served as the Whole Time Director and Chief Executive Officer (CEO). Mr. Kurian will step down from his position effective August 31, 2024. His resignation is attributed to his transition to a new role within the Mahindra Group.
In addition to Mr. Kurian's departure, Swaraj Engines has made new appointments. Mr. Rajya Vardhan Kanoria will join the company as an Additional Director (Independent and Non-Executive) starting July 31, 2024. His appointment is subject to shareholder approval and will be for a five-year term.
Furthermore, Mr. Devjit Sarkar has been appointed as the new CEO, effective September 1, 2024. Mr. Sarkar, a Mechanical Engineer with over 36 years of experience, is currently the Chief Operating Officer at Erkunt Traktor in Turkey. He has a strong background in design, operations, and sourcing, and has held various key roles within the Mahindra Group.
Source: here
Swaraj Engines
Swaraj Engines Limited (SEL), established in 1985 in Mohali, Punjab, specializes in supplying diesel engines for Swaraj tractors. The company produces engines ranging from 22 HP to over 65 HP and is known for its advanced quality control and hi-tech engine components.
SEL has delivered over 1.6 million engines for Swaraj tractors and is equipped with modern machinery and ergonomic material handling systems.
Swaraj Engines CEO Giju Kurian Departs in August - FAQs
1. Who is leaving Swaraj Engines Limited?
Giju Kurian, the Whole Time Director and Chief Executive Officer (CEO), is leaving the company.
2. When will Giju Kurian step down from his position?
Giju Kurian will step down effective August 31, 2024.
3. Why is Giju Kurian resigning from Swaraj Engines?
Giju Kurian is resigning due to his transition to a new role within the Mahindra Group.
4. Who will replace Giju Kurian as CEO?
Mr. Devjit Sarkar will be the new CEO, effective September 1, 2024.
5. What is Mr. Devjit Sarkar’s background?
Mr. Devjit Sarkar is a Mechanical Engineer with over 36 years of experience, currently serving as COO at Erkunt Traktor in Turkey.
6. When will Rajya Vardhan Kanoria join Swaraj Engines?
Rajya Vardhan Kanoria will join as an Additional Director (Independent and Non-Executive) on July 31, 2024.
7. How long will Rajya Vardhan Kanoria serve as an Independent Director?
His appointment is for a five-year term, subject to shareholder approval.
8. What are the main responsibilities of the new CEO, Mr. Devjit Sarkar?
As CEO, Mr. Sarkar will oversee the company's operations, including design, production, and strategic initiatives.
9. What notable achievements does Mr. Devjit Sarkar have?
Mr. Sarkar has extensive experience in design, operations, and sourcing and has held key roles within the Mahindra Group.
10. What is the primary business of Swaraj Engines Limited?
Swaraj Engines specializes in supplying diesel engines for Swaraj tractors, ranging from 22 HP to over 65 HP, and has delivered over 1.6 million engines.