To play an active role in the future growth of overall business and strategic initiatives

Press Release

Mumbai, November 5, 2020: Greaves Cotton Limited, One of India’s leading engineering companies,
has announced that Nagesh Basavanhalli will resume executive duties as the first Group CEO, with
immediate effect. Mr Basavanhalli will play an active role in the future growth of overall business
(Greaves Cotton Limited and Greaves Mobility) and other strategic initiatives like Greaves Finance.

Speaking on his new role, Nagesh Basavanhalli, Group CEO & MD, said, “As a diversified engineering
company, Greaves Cotton has the opportunity to play a significant role in the rebuilding of India’s
economy with its strength in local manufacturing, as we have a play in critical sectors like last mile
mobility, energy, agriculture etc. We also want to be a significant contributor to the vision of Make in
India, and the country’s transition to a green economy with our clean technology portfolio.”

Nagesh Basavanhalli, Group CEO & MD at Greaves Cotton Ltd.

“Nagesh has played a pivotal role in the transition of Greaves with new strategic focus towards fuel
agnostic technologies and e-mobility. We are confident Greaves will achieve many milestones under
his new role as the Group CEO.” said Karan Thapar, Chairman, Greaves Cotton Ltd.


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