Gabriel India's President and Deputy Managing Director Atul Jaggi will take over the reins from Manoj Kolhatkar who joined the Anand Group in 2011.
19 Jul 2024 | 10905 Views | By Mayank Dhingra
After more than 13 years at Tier-1 major Anand Group, Manoj Kolhatkar, the incumbent Managing Director of Anand Group's flagship company Gabriel India, has stepped down from his role citing personal reasons, the company intimated the stock exchanges today.
Kolhatkar, who joined the Anand Group in 2011, had transitioned ...
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After more than 13 years at Tier-1 major Anand Group, Manoj Kolhatkar, the incumbent Managing Director of Anand Group's flagship company Gabriel India, has stepped down from his role citing personal reasons, the company intimated the stock exchanges today.
Kolhatkar, who joined the Anand Group in 2011, had transitioned after an illustrious career of over two decades at the Tata Group, serving as the CEO of Tata Yazaki, and Tata AutoComp’s Interior and Plastic division, respectively. Kolhatkar was also the joint COO of the Anand Automotive Group.
His tenure at Gabriel India will come to an end on October 17, 2024, wherein Kolhatkar shall also cease to be a member of the stakeholder relationship committee and CSR committee of the Board of Gabriel India on the same date.
A mechanical engineer from the Nagpur University of Nagpur, and with a degree in business management from the Pune University, Kolhatkar was stationed in Pune at the Gabriel India mother plant in Chakan.
In addition to his full-time role at Gabriel India, Kolhatkar is also involved in the activities of industry body ACMA as a member of its executive committee and also serves in the Governing Council of the Automotive Skills Development Council.
Atul Jaggi to take charge
Atul Jaggi, the former Deputy Managing Director of Gabriel India, and currently the MD of Mahle Anand Filter Systems, has been chosen to take over as the new MD from October 18, 2024, for five years. Jaggi has automotive industry experience of over 25 years
The company is a leading manufacturer of suspension systems including shock absorbers and dampers for two-wheelers, commercial vehicles, and passenger vehicles, and has also captured a major share of the EV segment in India. Under Kolhatkar's leadership, it aims to be among the Top 5 suspension systems players in the world, while also eyeing diversification and other M&A opportunities.
Mrs. Anjali Singh, Executive Chairperson, Gabriel India, said: “On behalf of the Gabriel Board and the Anand Group, I am deeply appreciative of all Manoj’s major contributions and for being an ambassador of ANAND values. I wish him the very best for the future.”
Mrs. Singh, who is also the Executive Chairperson of Anand Group, further stated: “I also congratulate Atul Jaggi on his appointment and given his experience and deep knowledge of the auto sector, I am confident that he will carry forward the success of Gabriel to the next level. Gabriel India is moving strategically into new areas of the fast-growing auto sector to build on its reputation as being a best-in-class auto solutions provider, and its diversification strategy is just the beginning of a new and exciting journey on its growth path.”
Manoj Kolhatkar, Managing Director of Gabriel India, said: “It was an enriching experience at Gabriel, and I had the privilege to witness tremendous innovation and growth. I wish to thank Mrs. Singh for her astute guidance and faith and Mr Deep C Anand, the company’s founder, for his support, as well as the Gabriel family for their trust. I also wish Atul the very best.”
ALSO WATCH: Manoj Kolhatkar's video interview