ABB India appoints Hemanth Kumar as Local Division Manager Motion

1 min read     Updated on 27 Jun 2026, 12:32 PM
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ABB India Ltd has appointed Mr. Hemanth Kumar as Local Division Manager – Motion and Senior Management Personnel effective July 1, 2026. The Board approved the appointment on June 27, 2026. Kumar, currently the Sales & Marketing Director – Traction Division, has over two decades of experience.

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ABB India Ltd has appointed Mr. Hemanth Kumar as Local Division Manager – Motion (MOTR) and a Senior Management Personnel (SMP), effective July 1, 2026. The Board of Directors approved the appointment through a circular resolution on June 27, 2026, following the recommendation of the Nomination and Remuneration Committee. Kumar brings over two decades of experience in Sales and Marketing, including leadership roles within ABB India and international assignments.

The company disclosed that Kumar is currently serving as Sales & Marketing Director – Traction Division. His profile highlights a proven track record in driving business growth, leading strategic initiatives, and managing large-scale traction and mobility projects. The appointment is subject to compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The following table outlines the key particulars of the appointment:

Particulars Details
Name Mr. Hemanth Kumar
Designation Local Division Manager – Motion (MOTR) and Senior Management Personnel
Date of Effect July 1, 2026
Term of Appointment Not Applicable
Relationship with Directors/KMPs Not related to any Directors and Key Managerial Personnel of the Company

The Board received the approval of the Circular Resolution at 11.45 am IST. The information has been uploaded on the company's website and submitted to the BSE Limited and National Stock Exchange of India Ltd for record.

Historical Stock Returns for ABB

1 Day5 Days1 Month6 Months1 Year5 Years
+0.37%-2.39%+4.54%+34.09%+16.48%+286.47%

What strategic shifts does ABB India anticipate in the Motion division under Kumar's leadership?

How will Kumar's international experience influence ABB India's expansion into new markets?

What are the expected financial impacts of this leadership change on the Motion division's performance?

ABB India appoints TK Sridhar as Managing Director for five years

1 min read     Updated on 27 Jun 2026, 05:50 AM
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AI Summary

ABB India Ltd shareholders have approved the appointment of Mr. TK Sridhar as Managing Director for a term of five years and Mr. Sanjeev Sharma as Non-Executive, Non-Independent Director for two years, effective January 1, 2027. The resolutions were passed through a remote e-voting postal ballot process that concluded on June 25, 2026, with over 99% approval. Mr. Sridhar, currently the CFO, brings over three decades of experience within the ABB Group, while Mr. Sharma, the current Country Managing Director, has over 30 years of global experience. The scrutinizer validated the results, confirming compliance with SEBI and Companies Act regulations.

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ABB India Ltd shareholders have approved the appointment of Mr. TK Sridhar as Managing Director for a term of five years and Mr. Sanjeev Sharma as Non-Executive, Non-Independent Director for two years, effective January 1, 2027. The resolutions were passed via a remote e-voting postal ballot process that concluded on June 25, 2026, securing the requisite majority from members.

The postal ballot sought approval for the leadership transitions to ensure continuity in the company's operations. Mr. TK Sridhar, currently the Chief Financial Officer, brings over three decades of experience within the ABB Group, having held various leadership roles in finance and business functions since 1994. Mr. Sanjeev Sharma, the current Country Managing Director, has over 30 years of global experience across engineering, operations, and business leadership.

Voting Results Summary

The scrutinizer, Mr. Chandra Sekhar Kandukoori, Practicing Company Secretary, validated the results following the closure of e-voting on June 25, 2026. The total number of shareholders on the record date was 195,805. Both resolutions received overwhelming support from the promoter and public shareholder categories.

Resolution 1: Appointment of Mr. TK Sridhar

Category Votes For Votes Against % For % Against
Promoter and Promoter Group 158,931,281 0 100.0000 0.0000
Public- Institutions 29,742,390 739,766 97.5731 2.4268
Public- Non Institutions 2,295,948 2,331 99.8985 0.1014
Total 190,969,619 742,097 99.6129 0.3871

Resolution 2: Appointment of Mr. Sanjeev Sharma

Category Votes For Votes Against % For % Against
Promoter and Promoter Group 158,931,281 0 100.0000 0.0000
Public- Institutions 30,397,581 189,226 99.3813 0.6186
Public- Non Institutions 2,297,442 837 99.9635 0.0364
Total 191,626,304 190,063 99.9009 0.0991

Regulatory Compliance

The results were submitted in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Sections 108 and 110 of the Companies Act, 2013. The remote e-voting was conducted by KFin Technologies Limited, with the scrutinizer confirming the fair and transparent processing of the votes. The appointments are effective from January 1, 2027.

Historical Stock Returns for ABB

1 Day5 Days1 Month6 Months1 Year5 Years
+0.37%-2.39%+4.54%+34.09%+16.48%+286.47%

How will the transition from a CFO to Managing Director role influence ABB India's strategic direction and capital allocation?

What specific growth initiatives or market segments is the new leadership expected to prioritize starting in 2027?

How will the company ensure operational continuity during the leadership handover period?

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1 Year Returns:+16.48%