|
|
|
|
Mr. Hemant Luthra is a member of the Management Board of Mahindra & Mahindra Limited and as President of Systech has grown the Engineering Services, Strategic Sourcing and Automotive Components business units to US$800 mm, with Mahindra Forging, Mahindra Casting & Mahindra Engineering as the primary drivers of this growth. He joined M&M as Executive Vice President - Corporate Strategy in December 2001 and was involved in a number of Strategic initiatives across different sectors and group companies.He serves on several Boards and is the Chairman of some [including the Supervisory Boards of M&M's German subsidiaries].
Hemant has 35 years of varied and rich work experience in Operations, Finance, Business Development and Private Equity, which is of special interest to M&M today as it seeks to consolidate its leadership in different verticals on the back of its strong financial performance.
He started his career with IBM India and IBM Singapore where he was directly responsible for a substantial part of the company's business. After IBM Hemant spent 18 years with the Thapar Group, a $1 Billion conglomerate with interest in Paper, Chemicals & Engineering. As Group CFO and then as COO of the Group's flagship company BILT, he served on the Board of several joint ventures of the Group with Dupont, Mitsubishi, OKI and Maersk.
Following his entrepreneurial instinct Hemant then founded a Private Equity fund for the ING Group and served as its first CEO. He later joined the Essar Group as CEO of their Telecom business and helped engineer a lucrative merger of the business with Hutchison. He then worked with Enron India as CEO of their Broad Band business.
Hemant graduated from the Indian Institute of Technology, Delhi (1970) where he was nominated for the President's Gold Medal for his all-round skills. He is an alumnus of the Advanced Management Program of the Harvard Business School (AMP115, 1994). He is an avid golfer and supports select charities for disadvantaged children. |
|
|
