3M India Limited, a subsidiary of the US-based 3M Company, has announced a significant leadership change. The company's Board of Directors has approved the appointment of Aseem Joshi as President and Managing Director (Designate), effective October 13, 2025. This decision comes as part of 3M India's strategic move to drive growth and innovation in the Indian market.

Key Appointment Details

Aseem Joshi brings approximately 25 years of diverse experience to his new role at 3M India. His appointment was approved by the Board of Directors based on recommendations from the Nomination and Remuneration Committee. In his new position, Joshi will be responsible for:

• Leading the development and execution of 3M India's growth strategy
• Focusing on commercial excellence
• Introducing new products
• Enhancing operational excellence

Transition Plan

As part of a carefully planned transition, Joshi will work closely with the incumbent Managing Director, Ramesh Ramadurai. The company has stated that Joshi will be designated as Managing Director at a future date, subject to necessary approvals from the Board of Directors and shareholders, in compliance with applicable laws and regulations.

Aseem Joshi's Background

Joshi's impressive career spans various industries and roles:

• Most recently served as CEO of India Business at GMM Pfaudler from 2021 to 2025
• Held leadership positions at Honeywell, including Global Smart Cities Business Leader
• Worked with Eaton Fluid Power Limited in various capacities
• Gained experience at McKinsey & Company as an Engagement Manager
• Started his career at IBM in various engineering roles

His educational background includes:

• Mechanical engineering degree from the University of Pune
• MS in Industrial and Systems Engineering from Virginia Tech
• MBA from INSEAD

Leadership Perspectives

Commenting on his new role, Aseem Joshi expressed his enthusiasm: "I am excited to join 3M and lead the growth of the India business. I have always admired 3M for its innovation and leadership in several sectors. I look forward to working with 3M's incredible local and global teams to deliver for our customers and all stakeholders."

Ramesh Ramadurai, the current Managing Director, welcomed Joshi, stating: "It is my pleasure to welcome Aseem to 3M India. His leadership and experience will be invaluable to the continued growth of the Company. I look forward to working with Aseem in the coming months and wish him all success."

About 3M India

3M India Limited, established in 1987, has its headquarters in Bengaluru with branch offices in Gurgaon. The company leverages global innovation expertise to develop homegrown solutions addressing the unique needs of diverse customers in India. With innovation centers in Bengaluru and Gurgaon, and manufacturing facilities across Bengaluru, Pune, and Ahmedabad, 3M India continues to play a crucial role in improving lives through its wide range of products and solutions.

As 3M India prepares for this leadership transition, the company aims to strengthen its position in the Indian market and continue its legacy of innovation and excellence under Aseem Joshi's guidance.

3M India Limited , a subsidiary of the US-based 3M Company, has announced strong financial results for the first quarter, demonstrating significant growth across key metrics.

Revenue Growth

The company reported a substantial 14.3% year-over-year increase in revenue, with sales and other operating income reaching ₹1,196.00 crores in Q1, compared to the same quarter of the previous year. This growth reflects the company's strong market position and effective business strategies.

Profit Performance

3M India's profit after tax (PAT) saw a notable rise of 13.1%, reaching ₹178.00 crores in Q1, up from the same period last year. The company's profit before tax (PBT) also increased by 13.5% to ₹239.00 crores, showcasing improved operational efficiency.

EBITDA Growth

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) demonstrated robust growth, increasing by 13.0% year-over-year and 6.9% quarter-over-quarter to ₹257.00 crores in Q1. This improvement in EBITDA indicates enhanced operational performance and cost management.

Segment-wise Performance

3M India reported broad-based growth across all four of its business segments:

• Healthcare and Consumer segments: Both grew by 20% each
• Safety & Industrial segment: Grew by 11.9%
• Transportation & Electronics segment: Increased by 11.2%

This balanced growth across segments underscores the company's diverse product portfolio and its ability to capitalize on various market opportunities.

Management Commentary

Ramesh Ramadurai, Managing Director of 3M India Limited, commented on the results, attributing the growth to sales and marketing investments made since the middle of the previous financial year to improve market penetration and commercial excellence.

Financial Highlights

The Board of Directors approved these unaudited financial results at a meeting held on August 7.

The company's strong performance in Q1 reflects its continued focus on innovation, market expansion, and operational efficiency. With its diverse product portfolio and strategic investments in sales and marketing, 3M India appears well-positioned for sustained growth in the coming quarters.