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Tag: Shekhar Bajaj

  • Bajaj Electricals appoints Sanjay Sachdeva as MD & CEO

    Bajaj Electricals appoints Sanjay Sachdeva as MD & CEO

    MUMBAI:  Bajaj Electricals Limited has announced the appointment of Sanjay Sachdeva as its new managing director & chief executive officer, effective 15 April 2025.

    With over three decades of experience at Hindustan Unilever, Sachdeva has held key management roles across Brazil, China, the middle east, north Africa, Turkey, and Russia. His most recent role was as managing director & CEO of Unilever Japan.

    In his new role at Bajaj Electricals, he will oversee all business verticals and operations, bringing his extensive global expertise to the company.

    Bajaj Electricals chairman Shekhar Bajaj, said, “I am delighted to welcome Sachdeva as our new MD & CEO. Having worked in various countries, including India, he brings a fresh perspective and a strategic vision that aligns with our goal of delivering exceptional value to our consumers and stakeholders. We are confident that under his management, Bajaj Electricals will continue to thrive and achieve new heights, and I look forward to working with him in building a global organisation.”

    Sachdeva said, “I am honoured to join Bajaj Electricals, a company with a rich heritage and a strong reputation for innovation, quality, and ethics. I look forward to working with the chairman, Shekhar, and the talented team at Bajaj Electricals to drive sustainable growth and create significant long-term value for all our stakeholders.”

  • Vishal Chadha appointed as COO of Bajaj Electricals’ consumer products business

    Vishal Chadha appointed as COO of Bajaj Electricals’ consumer products business

    Mumbai: Bajaj Electricals Ltd has announced the appointment of Vishal Chadha as chief operating officer for the consumer products division. Vishal brings with him more than 28 years of extensive experience across leading organisations such as Britannia, Nokia, Snapdeal, and Kohler, with a strong background in sales, category management, marketing, and general management. An alumnus of IIM-Lucknow, Vishal has distinguished himself with notable achievements at Britannia, Nokia and Snapdeal, demonstrating expertise in driving revenue growth and operational transformation. His tenure at Kohler as managing director- India & South Asia has given him a comprehensive understanding of all business aspects, further underscored his proficiency to enhance profitability and elevate the brand to a top-tier position in the industry through strategic B2B initiatives and expansive retail strategies.

    Bajaj Electricals chairman Shekhar Bajaj stated, “I would like to welcome Vishal Chadha as the new chief operating officer for our Consumer Products Business. Vishal’s extensive experience and strategic acumen in driving growth and operational efficiency make him a perfect fit for this role. His leadership will be pivotal in accelerating our growth trajectory and enhancing our market presence. We are confident that Vishal will play a key role in our continued success and innovation.”

    Bajaj Electricals MD & CEO Anuj Poddar said, “Vishal Chadha brings a wealth of experience with a proven track record in driving growth coupled with margin expansion. He blends a consumer-centric approach towards the marketplace with a focus on operational excellence to ensure strong execution. I am confident his leadership will be invaluable as we continue to drive the next phase of our strategic journey for the Consumer Products Business. Vishal’s expertise will help deliver exceptional value to all our stakeholders.”

    Bajaj Electricals’ chief operating officer of consumer products, Vishal Chadha said, “Joining Bajaj Electricals is a remarkable opportunity, and I am excited to contribute to the company’s journey. The organisation stands out for its legacy of trust and commitment to quality. Its consumer products business comprises a dynamic portfolio of iconic, contemporary, and premium brands spanning a diverse range of product categories that are integral to every Indian household. Given the ongoing strategic transformation and innovation-led approach, the business is well-poised to grow rapidly over the coming years. I look forward to leveraging my background across FMCG, consumer devices, and e-commerce to driving greater marketplace gains and establishing a strong and sustainable consumer-centric business model. Together with the talented team here, we will work towards exceeding consumer and stakeholder expectations.”

  • Anuj Poddar to step down from Bajaj Electricals

    Anuj Poddar to step down from Bajaj Electricals

    Mumbai: Bajaj Electricals Ltd announced on 17 July that managing director & CEO Anuj Poddar will step down from his position, effective 30 September 2024. Poddar has decided to leave the company to pursue an external opportunity. During the transition period, chairman Shekhar Bajaj will assume his responsibilities.

    “The Board has accepted his resignation, recognizing Anuj’s outstanding contributions in steering the company’s transformation and growth over the past five and a half years,” the company stated.

    Poddar played a pivotal role in guiding Bajaj Electricals through a challenging period, orchestrating its overhaul and turnaround. Under his leadership, the company became net-debt-free for the first time in March 2022, relaunched its flagship brand ‘BAJAJ’, developed the ‘House of Brands’ strategy, and secured a long-term licensing agreement for the ‘Morphy Richards’ brand, among other accomplishments.

  • Bajaj Electricals elevates Anuj Poddar to the role of managing director and CEO

    Bajaj Electricals elevates Anuj Poddar to the role of managing director and CEO

    Mumbai: Homegrown consumer durables company Bajaj Electricals announced on Tuesday the elevation of Anuj Poddar to the roles of managing director (MD) and chief executive officer (CEO). Shekhar Bajaj will continue as executive chairman of the company.

    Anuj Poddar joined the company in late 2018 as its executive director.

    This announcement comes on the back of the ongoing and significant transformation journey and keeps in mind the company’s long-term strategy. The separation of the chairman and managing director positions is a continuation of the professionalisation of the management of the company and marks the company’s commitment to strong corporate governance standards, said the company in a statement.

    Bajaj Electricals chairman Shekhar Bajaj said, “Over the last few years, we have embarked upon a significant transformation journey at Bajaj Electricals – involving many changes on the business as well as organisational front. In continuation of that, I believe this will provide further impetus to the achievement of our strategic goals and demonstrate our commitment to strong corporate governance. Anuj Poddar has demonstrated exceptionally visionary leadership, executional ability, and passion in driving this transformation journey, and I am confident that in his elevated role he will continue to drive our company forward and add value to all stakeholders.”

    Anuj Poddar said, “I am thankful to the chairman and our board for entrusting me with this elevated responsibility. I am truly excited about what lies ahead of us at Bajaj Electricals – we have a clear vision and roadmap for building this future, and together with our entire team, we are committed to being a best-in-class organisation that delivers superior performance and value creation.”

    Over the last three years, Bajaj Electricals has undertaken multiple initiatives, including strengthening of the leadership, streamlining of its corporate structure, a turnaround of its performance and balance sheet, and the planned demerger of the EPC business.

    Further, the company achieved a key strategic milestone of becoming net-debt-free on 31 March 2022 – a first for the company in over four decades. Having achieved these milestones, Bajaj Electricals is preparing for aggressive growth across its businesses in a focused manner.

    The company posted its Q1 FY 22-23 results. For the first quarter of 2022-23, the company achieved revenue from operations of Rs 1,229 crore as against Rs 857 crore, a growth of 43 per cent over the first quarter of the previous year. For the quarter, the company made profit before tax and profit after tax of Rs 57 crore and Rs 41 crore, respectively, as against a loss before tax and loss after tax of Rs 31 crore and Rs 25 crore, respectively, in the corresponding first quarter of the previous year. For the quarter ended 30 June 2022, the company generated positive cash flow from operations of Rs 165 crore in cash equivalents and surplus investments of Rs 254 crore.