Chairman Karan Thapar highlighted Greaves’ transformation into a comprehensive mobility solutions provider with a robust, diversified growth model.
13 Nov 2024 | 2633 Views | By Shahkar Abidi & Ketan Thakkar
Greaves Cotton Ltd. (GCL), which has transformed itself into a fuel-agnostic company from its single-cylinder diesel engines, is aspiring to achieve Rs 15,000 crore in revenue by 2030. It will be done through a blend of organic growth and strategic acquisitions, the company's top management stated on Tuesday.
"Greaves ...
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Greaves Cotton Ltd. (GCL), which has transformed itself into a fuel-agnostic company from its single-cylinder diesel engines, is aspiring to achieve Rs 15,000 crore in revenue by 2030. It will be done through a blend of organic growth and strategic acquisitions, the company's top management stated on Tuesday.
"Greaves has transformed from a diesel engine manufacturer into a comprehensive mobility solutions provider, committed to empowering lives across India. Our growth trajectory is strong, with strategies developed over the past five years establishing a solid foundation. Supported by multiple revenue streams, we are building a digitally integrated ecosystem that connects consumers, business partners, and service providers across the entire mobility value chain. As we look to the future, Greaves remains agile, purpose-driven, and ready to lead in the evolving mobility landscape. Despite external challenges, the board aspires to achieve INR 15k crore in revenue by 2030 through a blend of organic growth and strategic acquisitions." Karan Thapar, Chairman of the Board, noted.
Further talking about change in helm at the company, Thapar continued, "Pursuant to Mr. Nagesh Basavanhalli expressing his intention to transition from his position as Non-Executive Vice Chairman of the Company, the Board of Directors has been actively seeking to identify a leader to take forward Greaves Cotton’s growth and value creation aspirations. To ensure a smooth transition, Mr. Basavanhalli will continue in his current position at the request of the board until the transition to the new leadership is complete.”
Greaves Cotton Limited , also known as Greaves, is a diversified, multi-product, multi-fuel, and multi-location engineering company with a legacy of 165 years and strong brand trust. Originally renowned for its single-cylinder diesel engines, GCL has transformed into a fuel-agnostic, end-to-end mobility solutions provider, driven by the purpose of touching a billion lives by 2030 and enabling a sustainable transition to green mobility.