Titagarh Rail Systems announces major management reshuffle for business growth
Titagarh Rail Systems Limited (TRSL), formerly known as Titagarh Wagons Limited, has announced significant changes in its management structure, signaling a strategic shift to strengthen its leadership in the rail mobility solutions sector. TRSL, having undergone a transformation from solely producing wagons to becoming a holistic provider of mobility solutions, recognized the need for dynamic business leaders to drive this growth.
New Leadership at the Helm
Based on the recommendations of the nomination and remuneration committee, Anil Kumar Agarwal assumes the role of Deputy Managing Director and CEO of the Freight Rail Systems business vertical. With a 25-year tenure at Titagarh, Agarwal brings deep industry knowledge and a comprehensive understanding of the company’s wagon business. Under his leadership, TRSL aims to produce over 1,000 wagons per month within this financial year.
Agarwal expressed his gratitude and excitement for the new role, especially significant as it coincides with his 25th year at the company. He anticipates that with the support of the Vice Chairman and Managing Director and the Board of Directors, the Freight Rail systems business will flourish globally.
Titagarh Rail Systems Limited Revamps Management for Strategic Growth
Focusing on Passenger Rail Systems
In another strategic move, Prithish Chowdhary, previously Director (Marketing & Business Development), has been appointed as the Deputy Chief Executive Officer of the Passenger Rolling Stock. This appointment aligns with the company’s strategy to accelerate growth in the passenger rail systems business. Prithish Chowdhary, under the direct supervision of Umesh Chowdhary, Vice Chairman and Managing Director, will manage the day-to-day affairs of this segment.
Ambitious Plans for Passenger Rail Systems
The company is ambitiously growing its Passenger Rail Systems business, currently executing orders for Pune Metro and soon for Bangalore Metro in alliance with CRCC. Additionally, Titagarh, in consortium with BHEL, has secured the prestigious Vande Bharat order. Prithish Chowdhary’s new role positions him at the forefront of these transformative developments in Indian passenger transportation.
Elevation of Saurav Singhania to CFO
The Board has also elevated Saurav Singhania to the role of Chief Financial Officer and Chief Risk Officer, recognizing his deep industry knowledge and significant contributions, including the successful QIP for Rs. 700 crores.
A Strengthened Organization for Future Success
Commenting on these changes, Umesh Chowdhary expressed confidence in the young talent taking on higher responsibilities. He believes this restructuring will greatly enhance the company’s performance, providing focused attention to both business verticals and central financial and risk management functions.
Under this strategic restructuring, while the two business segments will have dedicated leadership, Chowdhary will continue to oversee the overall strategy and management, ensuring cohesive growth and innovation in TRSL’s endeavors.