Rattan India Enterprises , through its subsidiary Revolt Motors, India's leading electric motorcycle brand, has announced the appointment of Roy Kurian as its new President. This strategic move comes as the company prepares to accelerate its next phase of growth in the electric mobility sector.

Key Highlights of the Appointment

• Position: Roy Kurian appointed as President of Revolt Motors
• Experience: Over three decades in automotive and electric mobility sectors
• Previous Role: Senior VP of Sales & Marketing at Yamaha Motor India
• Expertise: Transformational leadership in brand building and corporate growth

Roy Kurian's Professional Background

Roy Kurian brings a wealth of experience to Revolt Motors, with a career spanning 31 years in the automotive industry. His expertise includes:

• Building iconic brands
• Steering corporate transformations
• Delivering sustainable growth

Kurian has held senior leadership positions at several prominent companies in the mobility sector:

Notable Achievements

During his tenure at Yamaha Motor India, Kurian led a significant turnaround for the company:

• Grew sales from 200,000 units in 2010 to over 1 million units by 2016
• Revitalized Yamaha's brand presence in India
• Positioned Yamaha as a strong competitor in the Indian motorcycle market

Leadership's Perspective

Anjali Rattan, Chairperson of RattanIndia Enterprises Limited, expressed enthusiasm about the appointment, stating, "Roy Kurian's outstanding leadership track record, deep expertise in both ICE and EV sectors, and ability to drive large-scale transformations make him the perfect choice as Revolt steps into its next growth phase."

Kurian's Vision for Revolt Motors

Upon joining Revolt Motors, Roy Kurian shared his excitement: "I am thrilled to return to Revolt Motors at such an exciting juncture. Revolt has already established itself as India's No.1 electric motorcycle brand, and the opportunity to build on this foundation to scale growth, expand reach, and strengthen customer connect is truly inspiring."

About Revolt Motors

Revolt Motors, founded in 2017, is at the forefront of India's electric vehicle revolution. The company is known for introducing India's first AI-enabled motorcycle, combining innovation with performance and aesthetics. As a subsidiary of RattanIndia Enterprises Limited, Revolt Motors is part of a larger ecosystem focused on building and scaling new-age, technology-led businesses in India.

This appointment underscores Revolt Motors' commitment to bringing in top-tier leadership talent to drive its ambition of becoming not only India's leading electric motorcycle brand but also a global force in sustainable mobility.

In a significant legal development, the National Company Law Tribunal (NCLT) has rejected an insolvency petition filed by REC against RattanIndia Enterprises . This decision effectively halts the initiation of insolvency proceedings against the company for the time being.

Key Points

• Petition Dismissed: The NCLT has dismissed the insolvency petition filed by REC (Rural Electrification Corporation) against RattanIndia Enterprises.
• Implications: The dismissal prevents the commencement of insolvency proceedings against RattanIndia Enterprises at this juncture.
• Legal Victory: This ruling represents a favorable outcome for RattanIndia Enterprises in its legal dispute with REC.

Background

RattanIndia Enterprises, a diversified company with interests in various sectors, faced a potential insolvency threat from REC, a public infrastructure finance company under the Ministry of Power. The details of the dispute that led to the filing of the insolvency petition are not provided in the current information.

Significance of the Ruling

The NCLT's decision to dismiss the insolvency petition is crucial for RattanIndia Enterprises as it allows the company to continue its normal business operations without the immediate threat of insolvency proceedings. This ruling may provide the company with breathing room to address any underlying financial issues or disputes with REC outside of the insolvency process.

What's Next

While the dismissal of the insolvency petition is a positive development for RattanIndia Enterprises, it remains to be seen how this will affect the ongoing relationship between the company and REC. Stakeholders will be watching closely to see if there will be any further legal actions or if the parties will seek an out-of-court resolution to their dispute.

The outcome of this case underscores the importance of the NCLT in adjudicating corporate disputes and its role in determining the validity of insolvency petitions in India's corporate landscape.