NewsStocksKaynes Technology Proposes Leadership Reshuffle: New Managing Director and Executive Vice ChairmanKaynes Technology Proposes Leadership Reshuffle: New Managing Director and Executive Vice Chairman
Kaynes Technology India Limited is seeking shareholder approval for significant leadership changes. Dr. Muthukumar Narayanaswamy is proposed as the new Managing Director for a five-year term starting September 24, 2025. Current Managing Director, Mr. Ramesh Kunhikannan, is to be redesignated as Executive Vice Chairman. Both positions come with an annual remuneration of INR 1.80 crore. E-voting for shareholders is scheduled from November 13 to December 12, 2025.
*this image is generated using AI for illustrative purposes only.
Kaynes Technology India Limited , a prominent player in the electronics manufacturing services sector, has announced significant leadership changes through a postal ballot notice. The company is seeking shareholder approval for two key appointments that could reshape its top management structure.
New Managing Director Appointment
Dr. Muthukumar Narayanaswamy is proposed to be appointed as the new Managing Director of Kaynes Technology. The appointment, if approved, will be for a five-year term from September 24, 2025, to September 23, 2030. Dr. Narayanaswamy brings nearly four decades of experience in the automotive, rubber, and industrial products sectors.
Change in Designation for Current Managing Director
Simultaneously, the company proposes to change the designation of Mr. Ramesh Kunhikannan, the current Managing Director, to Executive Vice Chairman in the category of Whole Time Director. This change would be effective for his residual term from September 24, 2025, to March 31, 2029.
Key Details of the Proposed Appointments
| Aspect | Dr. Muthukumar Narayanaswamy | Mr. Ramesh Kunhikannan |
|---|---|---|
| Proposed Role | Managing Director | Executive Vice Chairman |
| Tenure | Sep 24, 2025 - Sep 23, 2030 | Sep 24, 2025 - Mar 31, 2029 |
| Annual Remuneration | INR 1.80 crore | INR 1.80 crore |
| Experience | Nearly 40 years | 36 years |
| Expertise | Operational excellence, technological transformation, sustainable business strategies | Strategic planning, business development, investor relations |
Voting Process
The company has initiated an e-voting process for shareholders to vote on these resolutions:
- E-voting start date: November 13, 2025
- E-voting end date: December 12, 2025
Kaynes Technology has engaged the National Securities Depository Limited (NSDL) to provide the remote e-voting facility to its members.
Background of Proposed Appointees
Dr. Muthukumar Narayanaswamy has held leadership positions at companies like TTK-LIG Limited, TVS Group companies, and Cummins Meritor. He holds a Ph.D. in Operations Management from Annamalai University and an MBA in International Marketing from Thiagarajar School of Management.
Mr. Ramesh Kunhikannan, who has been with Kaynes Technology since its incorporation, holds a bachelor's degree in electrical engineering from the National Institute of Engineering, Mysore. He is married to Mrs. Savitha Ramesh, the company's Chairperson and Whole-time Director.
These proposed changes reflect Kaynes Technology's strategic move to strengthen its leadership team, potentially positioning the company for future growth and operational excellence in the electronics manufacturing services industry.
Shareholders are encouraged to review the detailed postal ballot notice and cast their votes through the e-voting system provided by NSDL.
Historical Stock Returns for Kaynes Technology India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.76% | -7.99% | -13.44% | -2.69% | +5.64% | +760.93% |
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