L.G. Balakrishnan & Bros Appoints Suresh Sivalingam as Vice President for Strategic Business Development

1 min read     Updated on 14 Nov 2025, 01:34 AM
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Overview

LG Balakrishnan & Bros Limited has appointed Mr. Suresh Sivalingam as Vice President (Strategic Business Development - Metal Forming Division), effective November 20, 2025. Sivalingam brings over 23 years of experience in Procurement and Supply Chain Management from global organizations like Daimler, Toyota, Mahindra Renault, and Caterpillar. His most recent roles include Head of Procurement at Daimler India Commercial Vehicles and Head of Procurement, Supply Chain, and R&D at Mercedes-Benz Indonesia. This strategic appointment aims to enhance the company's capabilities in the automotive components sector.

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LG Balakrishnan & Bros Limited, a prominent player in the automotive components sector, has announced a significant addition to its leadership team. The company has appointed Mr. Suresh Sivalingam as Vice President (Strategic Business Development - Metal Forming Division), effective from November 20, 2025.

Key Appointment Details

Aspect Details
Position Vice President (Strategic Business Development - Metal Forming Division)
Effective Date November 20, 2025
Approval Process Board approval based on Nomination and Remuneration Committee recommendation
Experience Over 23 years in Procurement and Supply Chain Management

Professional Background

Mr. Sivalingam brings a wealth of experience from his tenure at global organizations, including:

  • Daimler
  • Toyota
  • Mahindra Renault
  • Caterpillar

His most recent roles include:

  • Head of Procurement at Daimler India Commercial Vehicles
  • Head of Procurement, Supply Chain, and R&D at Mercedes-Benz Indonesia
  • Leadership in ePowertrain and Mechanical Systems

Strategic Implications

This appointment may strengthen LG Balakrishnan & Bros Limited's strategic business development capabilities, particularly in the Metal Forming Division. Mr. Sivalingam's extensive experience in procurement and supply chain management across various global automotive and industrial giants is expected to bring valuable insights and strategies to the company.

The company's decision to bring on board a professional with such diverse international experience signals its intent to enhance its competitive edge in the automotive components market. This move could potentially lead to improved operational efficiencies, stronger supplier relationships, and innovative approaches to business development in the metal forming sector.

As the automotive industry continues to evolve, particularly with the rise of electric vehicles and changing supply chain dynamics, Mr. Sivalingam's expertise may prove crucial in navigating these shifts and capitalizing on new opportunities.

Stakeholders will be keen to observe how this strategic appointment translates into tangible business outcomes for LG Balakrishnan & Bros Limited in the coming years.

Historical Stock Returns for LG Balakrishnan & Bros

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L.G. Balakrishnan & Bros Reports Strong Q2 Performance with Revenue Growth and Profit Increase

2 min read     Updated on 31 Oct 2025, 06:07 PM
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Shriram ShekharScanX News Team
Overview

LG Balakrishnan & Bros Limited announced robust financial results for Q2 FY26. Standalone revenue increased to Rs. 71,442.44 lakhs from Rs. 59,246.04 lakhs in the previous quarter. Net profit rose to Rs. 8,399.13 lakhs from Rs. 6,679.88 lakhs. The company's two main segments, Transmission and Metal Forming, contributed Rs. 59,598.96 lakhs and Rs. 11,843.48 lakhs to quarterly revenue respectively. For the half-year, revenue totaled Rs. 1,30,688.48 lakhs with a net profit of Rs. 15,079.01 lakhs. The Board meeting was held on October 31, 2025, where the Audit Committee reviewed and the Board approved the audited financial results.

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LG Balakrishnan & Bros Limited has announced its financial results for the quarter and half-year ended September 30, 2025, showcasing significant growth in revenue and profitability.

Financial Highlights

Quarter Ended September 30, 2025

  • Standalone revenue from operations reached Rs. 71,442.44 lakhs, up from Rs. 59,246.04 lakhs in the previous quarter.
  • Net profit increased to Rs. 8,399.13 lakhs, compared to Rs. 6,679.88 lakhs in the prior quarter.
  • Basic earnings per share stood at Rs. 26.34, up from Rs. 20.95 in the previous quarter.

Half-Year Period

  • Revenue from operations totaled Rs. 1,30,688.48 lakhs.
  • Net profit amounted to Rs. 15,079.01 lakhs.

Segment Performance

The company operates in two main segments:

  1. Transmission: Contributed Rs. 59,598.96 lakhs to quarterly revenue.
  2. Metal Forming: Added Rs. 11,843.48 lakhs to quarterly revenue.

Corporate Governance

  • The Board meeting was held on October 31, 2025.
  • The Audit Committee reviewed and the Board of Directors approved the audited financial results.
  • Statutory auditors expressed an unmodified opinion on the financial results.

Company Overview

LG Balakrishnan & Bros Limited operates in the automotive components sector, with a focus on transmission and metal forming segments. The company's strong performance in both revenue and profitability suggests a positive trajectory. The growth in its key segments indicates resilience in the industry.

Investors and analysts may monitor the company's performance in subsequent quarters to assess if this growth momentum can be sustained, particularly in light of broader economic conditions and trends in the automotive industry.

Historical Stock Returns for LG Balakrishnan & Bros

1 Day5 Days1 Month6 Months1 Year5 Years
+3.36%-0.57%+33.03%+44.61%+45.34%+620.37%
LG Balakrishnan & Bros
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