RIR Power Electronics Limited has announced the appointment of N Ramesh Kumar as the company's new Managing Director and Chief Executive Officer, effective February 11th, 2026. The Board of Directors approved this strategic leadership transition on February 9th, 2026, following recommendations from the Nomination and Remuneration Committee.

Leadership Transition Details

The appointment marks a significant change in the company's executive structure, with Kumar's tenure as MD & CEO spanning 4 consecutive years until February 10th, 2030, subject to shareholder approval and statutory requirements. The leadership transition involves multiple key personnel changes designed to strengthen the organization's strategic direction.

Outgoing Leadership Changes

As part of this transition, current leadership roles are being restructured to optimize operational efficiency:

• Ramesh G. Trasi, who has served as CEO for over 22 years, will transition to the role of Chief Technology Officer, where he will continue to drive RIR Power Electronics' technology and innovation roadmap
• Mrs. Bhavna H. Mehta will step down as Managing Director effective close of business hours on February 10th, 2026, but will continue serving the company as a Director

Professional Background and Experience

N Ramesh Kumar brings over 42 years of extensive experience in driving growth across sales & marketing, business development, and P&L-led business management spanning multiple product lines and geographies. As a strategic leader, he has consistently strengthened market share through focused expansion, new product development, and brand-building initiatives.

Previously, as Global Business Head of Industrial Products and Solutions at CG Power and Industrial Solutions Limited, he successfully scaled operations, managed complex portfolios, and delivered sustained profitability. He served as a member of CG Power Executive Committee, the highest decision-making body under the Board, where he played a key role in shaping the company's business strategy.

Leadership Statements

Dr. Harshad Mehta, Non-Executive Chairman of RIR Power Electronics Ltd, commented on the appointment: "We are pleased to welcome N. Ramesh Kumar as the new MD and CEO of RIR Power Electronics Ltd. We are confident that under his dynamic leadership, RIR will accelerate innovation, drive strategic execution and strengthen operational excellence across the organization."

N Ramesh Kumar expressed his commitment: "I am honored to take the role of MD and CEO at RIR Power Electronics Ltd. and build on the company's strong foundation. With the support of our highly talented and committed team, I look forward to leading RIR into its next phase of growth."

Company Profile

RIR Power Electronics Limited is a global pioneer in high-power semiconductor solutions, driving innovation and energy efficiency. The company's portfolio includes high-performance semiconductor devices, assemblies, and energy management systems that enable customers to address the evolving demands of modern energy systems. Listed on the Bombay Stock Exchange under scrip code 517035, RIR stands at the forefront of sustainable energy innovation, powering progress through breakthrough technologies.

RIR Power Electronics Limited has reported strong financial results for the second quarter of fiscal year 2025-26, demonstrating significant growth across key metrics. The company also made progress on its Silicon Carbide Ecosystem facility project and secured a notable order from the Indian Navy.

Financial Highlights

RIR Power Electronics delivered impressive year-on-year and sequential growth in the second quarter:

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) growth of 77.00% year-on-year, coupled with margin expansion to 17.01%, indicates improved operational efficiency and profitability.

Silicon Carbide Ecosystem Facility Progress

RIR Power Electronics is making strides in developing its Silicon Carbide Ecosystem facility in Bhubaneswar. Key points include:

• Total project value: ₹618.00 crores
• Fiscal support from Odisha government: ₹32.56 crores

This facility is expected to strengthen the company's position in the power electronics sector, particularly in silicon carbide technology.

Indian Navy Order

In a significant development, RIR Power Electronics has successfully delivered 10,000 silicon carbide devices to the Indian Navy. This order underscores the company's capabilities in producing high-performance electronic components for critical applications.

Investor Communication

As part of its commitment to transparency and investor relations, RIR Power Electronics held an earnings conference call on November 17, 2025, to discuss the Q2 FY2025-26 results. The company has made the audio recording of this call available to the public, demonstrating its dedication to keeping shareholders and potential investors well-informed about its performance and future outlook.

RIR Power Electronics' strong quarterly performance, progress on strategic initiatives, and engagement with investors position the company favorably in the power electronics sector. As the company continues to expand its capabilities, particularly in silicon carbide technology, it may be well-positioned to capitalize on growing demand for advanced electronic components in various industries.