Schaeffler India announces leadership continuity with re-appointment of Harsha Kadam as CEO

Schaeffler India Limited, a leading motion technology company listed on the Bombay Stock Exchange (BSE: 505790) and the National Stock Exchange (NSE: SCHAEFFLER), announced the re-appointment of Harsha Kadam as Managing Director & Chief Executive Officer, subject to shareholder approval. This strategic decision, announced on March 22, 2024, positions Mr. Kadam to lead the company from October 1, 2024, through September 30, 2027, signaling a crucial era for Schaeffler India in its quest for growth and enhanced market presence.

Eranti Sumithasri, Chairperson & Independent Director at Schaeffler India, expressed confidence in Mr. Kadam’s leadership and strategic vision, emphasizing his successful tenure that propelled the company to new heights. “With his strategic vision and leadership, Mr. Harsha Kadam has successfully steered the Company towards new heights over the past few years. His reappointment as MD & CEO for another term signifies our trust in his capabilities, and we are confident his continued leadership will drive Schaeffler India’s growth and strengthen our position in the market,” Ms. Sumithasri stated.

Harsha Kadam brings to the table over three decades of experience across sales, manufacturing, product design, development, and business excellence. Since joining Schaeffler India in 2018 as President of the Industrial Business, and subsequently taking on the role of MD and CEO in 2019, Mr. Kadam has been instrumental in navigating the company through complex challenges to achieve remarkable growth. His re-appointment underscores Schaeffler India’s dedication to sustaining leadership continuity during its forthcoming growth and transformation phase.

The re-appointment of Harsha Kadam as CEO of Schaeffler India Limited is a testament to the company’s strategic approach towards maintaining a steady and experienced leadership helm. In today’s rapidly evolving business landscape, especially within the technology and manufacturing sectors, consistent leadership is crucial for navigating through uncertainties and leveraging opportunities for growth and innovation. Mr. Kadam’s proven track record and strategic insight are expected to be pivotal in Schaeffler India’s endeavors to not only consolidate its market position but also explore new avenues for expansion and leadership in the motion technology industry.

This leadership announcement is a key development for stakeholders, signaling a continued emphasis on strategic vision, market expansion, and operational excellence. As Schaeffler India embarks on this next phase of growth under Mr. Kadam’s leadership, the company is well-positioned to strengthen its market presence and achieve sustained growth.