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Tag: Vir S Advani

  • Blue Star hires ex-Unilever exec Mohit Sud to head unitary cooling division

    Blue Star hires ex-Unilever exec Mohit Sud to head unitary cooling division

    MUMBAI; Blue Star Limited has tapped Mohit Sud, a seasoned Hindustan Unilever executive, to lead its burgeoning air-conditioning empire as group president of unitary cooling products. 

    Sud, armed with a mechanical engineering degree and an MBA from XLRI Jamshedpur, brings over two decades of soap-selling savvy to the cooling game. After cutting his teeth across India flogging everything from detergents to beauty potions, the former vice president will now build Blue Star’s market position.

    Sud will shoulder end-to-end responsibility for the company’s portfolio of room air conditioners, deep freezers, water coolers, visi coolers and modular cold rooms—essentially anything that keeps things nippy. His remit covers the full gamut: sales, marketing, service, R&D, manufacturing and supply chain.

    “The market for room air conditioners and commercial refrigeration products is poised for exponential growth in the coming years, and we aim to further buildon our leadership position and grow our market share,”   declared  Blue Star managing director B Thiagarajan. “Mohit’s rich experience in sales, distribution and marketing will be extremely valuable.’’

    “The Company has been on a growth path, and I am very optimistic about our prospects. To be future-ready, we have been making significant investments in R&D, manufacturing, digitalisation, sales and marketing. Simultaneously, we are strengthening our leadership team with external and internal talent. Mohit is an important addition to our team as wescale our consumer-facing businesses,” added chairman & managing director Vir S Advani.

  • Vir S Advani named chairman & MD of Blue Star

    Vir S Advani named chairman & MD of Blue Star

    Mumbai: The Board of Blue Star Ltd has unanimously approved the elevation of Vir S Advani as chairman & managing director with effect from 1 April 2024. He will succeed Shailesh Haribhakti, who will be completing two consecutive terms as an Independent Director and will be retiring from the Board on 31 March 2024.

    Shailesh Haribhakti joined the Board of Blue Star in 2005 as an independent director and was elevated to the position of Independent chairman in 2019. Under his exemplary leadership, the company grew significantly with all its businesses performing very well.

    Vir S Advani holds bachelor’s degrees in Systems Engineering and Economics from the University of Pennsylvania. He has also completed a comprehensive executive management program at the Harvard Business School. After a two-year working stint in a private equity firm in New York, Vir joined Blue Star Infotech Ltd in 2000 and later founded Blue Star Design & Engineering Ltd in 2003, designated as its chief executive officer. In 2007, he moved to Blue Star as vice president – corporate affairs. He was promoted to executive vice president in 2008; President of corporate affairs & special projects in 2009; Executive director in 2010. In 2016, Vir was appointed managing director of the company. He was, thereafter, elevated to the position of vice chairman, and re-designated vice chairman & managing director on 1 April 2019.

    Vir will succeed Shailesh Haribhakti as chairman and managing director with effect from 1 April 2024.

    Blue Star Ltd chairman Shailesh Haribhakti added, “Vir has been with the Blue Star group of companies for nearly 25 years. Having initially managed several independent assignments in associate companies, he joined Blue Star Ltd in 2007 and made valuable contributions in several senior staff and operational positions. India is a fast-growing market for air conditioning and refrigeration products, and Blue Star is well-positioned to consolidate its market leadership and accelerate its growth. Vir is leading from the front and is spearheading the company’s plans to grow faster than the market and improve its profitability through significant investments in R&D, Manufacturing, and expansion of its international footprint. There is no doubt that he is the most deserving and the Blue Star Board is unanimous in selecting him as my successor with effect from 1 April 2024. I am confident that under his able leadership, Blue Star will sustain its good performance and reach new heights as it marches towards its centennial.”