Mahindra Group announces key leadership changes

The Mahindra Group has announced senior leadership changes across businesses by appointing key internal candidates in various positions.

Hemant Sikka, currently president, Farm Equipment Sector (FES), has been appointed as MD & CEO of Mahindra Logistics (MLL). He will take over on May 5, 2025. The current CEO, Ram Swaminathan has decided to step down to pursue other professional interests, the Group said in a statement.

Veejay Nakra, who is currently president – Automotive Division, will be appointed as president – Farm Equipment Business (FEB), which is one of the Group’s large and profitable businesses. 

Mr. Nakra, who joined Mahindra & Mahindra in 1995, has a strong proven track record turning around the Auto Business and building world class manufacturing capability as well as shaping the growth strategy of the international businesses. He will continue to report to Rajesh Jejurikar, executive director & CEO (auto and farm sector), Mahindra & Mahindra Ltd.

R. Velusamy, who is currently, president – Automotive Technology and Product Development, will be appointed as president of Automotive Business (AB). 

“The AB has seen significant growth and success in all its segments over the last few years. To prepare for a future with technology innovation and lead opportunities for growth in domestic as well as global markets, we will now integrate the SUV and LCV (less than 3.5 tonne) business, under one leader,” the Group said.

Mr. Velusamy joined M&M in 1996 and after successfully creating world class powertrains, he has then been instrumental in the development and successful launch of several ICE flagship products and Mahindra’s Electric Vehicle portfolio. He will continue to report to Rajesh Jejurikar.

Anish Shah, Group CEO & Managing Director, M&M, said, “These leadership changes ensure that we have strong, proven leaders at the helm of our key businesses. Their experience will enable us to drive significant growth and create greater value for our customers and shareholders.”