The Board of Mahindra Logistics Ltd. (MLL), one of India's largest integrated logistics solutions providers, today appointed Hemant Sikka as Additional Director and as MD & CEO designate for MLL with effect from 22nd April 2025. Hemant will take over as MD & CEO from 5th May 2025. Hemant’s appointment is consequent to Ram Swaminathan’s decision to resign from MLL to pursue other professional interests.

Hemant has been the President Farm Equipment Sector (FES) within M&M’s Auto & Farm Sector, since April 2020. In this role he led our Tractor and Farm Machinery business globally. As the largest farm tractor company in the world by volume, Mahindra FES commands a domestic market share upwards of 43% in India, with a strong on-ground presence in the USA, Japan, Turkey, Finland and Brazil, with flagship brands like Mahindra, Swaraj, and Erkunt. During his tenure, tractor market share went up by 210 basis points and FES revenue grew by over 60% and profits more than doubled.

Commenting on the change, Dr. Anish Shah, Chairman, Mahindra Logistics Ltd. and Group CEO & MD, Mahindra Group said, “We believe that MLL has tremendous potential for growth and value creation and are committed to realising this potential. Hemant is one of our top leaders and brings with him a powerful combination of strategic skills, operational rigor, customer centricity and people leadership capabilities. The MLL Board and I are excited to have him lead the MLL team and look forward to the next phase of growth under his leadership. We thank Ram for all his contributions to our company and wish Hemant all the very best for the journey ahead”.

Mahindra Group has also announced senior leadership appointments across businesses.

Veejay Nakra, who is currently President Automotive Division, will be appointed as President Farm Equipment Business (FEB), which is one of our large and profitable businesses with a ROCE of over 60%. There is a huge opportunity for us to grow the business profitably through tractors, farm machinery and globalization. Veejay joined M&M in 1995 and has a strong proven track record of creating a turnaround of the Auto Business with successful launches, while building world class manufacturing capability, along with shaping the growth strategy for our international businesses. He is very well poised to lead FEB into the future. Veejay will continue to report to Rajesh Jejurikar.

R Velusamy, who is currently, President Automotive Technology and Product Development, will be appointed as President of the Automotive Business (AB). The Automotive Business has seen significant growth and success in all its segments over the last few years. To prepare for a future with technology innovation and lead opportunities for growth in domestic as well as global markets, we will now integrate the SUV and LCV (less than 3.5 tonne) business, under one leader. This would help build greater agility and collaboration, both in engineering our products and taking them to market. The role would have end to end responsibility of all functions within the Auto Business with P&L delivery. Velu joined M&M in 1996 and after successfully creating world class powertrains, he then has been instrumental in the development and successful launch of several ICE flagship products and Mahindra’s Electric Vehicle portfolio. Velu will continue to report to Rajesh Jejurikar.