Latest news with #Inspire2027
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Business Standard
7 days ago
- Business
- Business Standard
Hitachi India names N Venu as managing director with effect from June 2
Hitachi India on Thursday announced appointment of N Venu as its Managing Director, with effect from June 2, 2025. This follows the elevation of Hitachi's first Indian Managing Director Bharat Kaushal, Corporate officer, Hitachi Ltd to Executive Chairman Hitachi India with effect from April 1, 2025, a company statement said. N Venu will be the MD in addition to his current role as Managing Director & CEO, Hitachi Energy India and Region Head of South Asia at Hitachi Energy. As the Managing Director of Hitachi India, N Venu will focus on expanding Hitachi's legacy in India in line with Hitachi Group's new management plan - Inspire 2027. By strengthening the cohesion of around 28 Hitachi group companies in India, Venu will strive to create value for customers as Hitachi transforms into a digital-centric company and expand the Lumada business while creating synergetic opportunities for the organization, especially by integrating IT, OT (Operational Technology) proficiency. Japan-based Hitachi is witnessing major expansion in India, covering varied businesses, including rail, digital, connective industries, energy, financial inclusion, e-education and healthcare, it stated. "The appointment of N Venu will reemphasize our vision and mission of making India as one of the most lucrative business hubs within Hitachi's cosmic ecosystem. N Venu has been instrumental in driving and steering business at Hitachi Energy, which has witnessed expansive growth under his leadership," Bharat Kaushal, Executive Chairman, Hitachi India, said. N Venu has nearly four decades of work experience and has led Hitachi Energy in India since its formation in 2019. He was also the Chairman of the Karnataka chapter of the Confederation of Indian Industry (CII) during 2024-25. Venu has a degree in Electrical Engineering from NIT Warangal and has also been accredited by the Indian Institute of Management Ahmedabad, the Indian School of Business, Hyderabad, and the International Institute of Management Development, Switzerland.
Fashion Value Chain
7 days ago
- Business
- Fashion Value Chain
Hitachi India Appoints N Venu as its Managing Director
Hitachi India Pvt. Ltd. (Hitachi India) as part of its growth strategy to further accelerate the business in India has announced the appointment of Mr. N Venu as the Managing Director of Hitachi India, in addition to his current role as Managing Director & CEO, Hitachi Energy India Limited and Region Head of South Asia at Hitachi Energy. The new appointment will be effective from 02 June 2025. This follows the elevation of Hitachis first Indian Managing Director Dr. Bharat Kaushal, Corporate officer, Hitachi, Ltd. to Executive Chairman, Hitachi India with effect from 1st April 2025. N Venu, Managing Director of Hitachi India As the Managing Director of Hitachi India, N Venu will focus on expanding Hitachis legacy in India in line with Hitachi Groups new management plan – Inspire 2027. By strengthening the cohesion around 28 Hitachi group companies in India, Venu will strive to create value for customers as Hitachi transforms into a digital-centric company and expand the Lumada business while creating synergetic opportunities for the organization, especially by integrating IT, OT (Operational Technology) proficiency to further strengthen Hitachis over nine decades of flourishing partnership with the nation. Hitachi is witnessing major expansion in India, covering varied businesses, including Rail, Digital, Connective Industries, Energy, Financial inclusion, e-Education and Healthcare. The journey goes beyond fortifying its collaboration with India to realize the long-term mission of making Hitachi India the global hub for providing solutions that echo the unified vision of building an ecosystem that supports steering business from India for India and India for the world. Hitachi India aspires to monetize the worlds largest Connected Community and create a new business model by establishing a Delivery-layer framework through Strategic Partnerships enabling its businesses in India, thereby ensuring a high-margin, high-revenue business model. Speaking on the appointment, Mr. Kojin Nakakita, Vice President and Executive Officer, Head of Regional Strategies [APAC/India], in charge of Regional Strategies [APAC]/ Chairman of Hitachi Asia Ltd., said, 'I am honored to welcome N Venu. His appointment reiterates our commitment to India and showcases the companys truly diverse culture and larger collaboration among Hitachi group companies. I am confident that his experience and deep understanding of the Indian market will be instrumental in further accelerating Hitachis business in India.' Echoing similar thoughts Dr. Bharat Kaushal, Executive Chairman, Hitachi India, said, 'The appointment of N Venu will reemphasize our vision and mission of making India as one of the most lucrative business hubs within Hitachis cosmic ecosystem. N Venu has been instrumental in driving and steering business at Hitachi Energy, which has witnessed expansive growth under his leadership. Hitachi Energy is one of Indias largest contributors in architecting a framework that goes beyond offering unparalleled energy solutions and has been supporting India in illuminating and realizing the dreams of billions. I firmly believe that his cosmic wisdom and business acumen will further strengthen the India operations, especially driving multiple stakeholders towards creating value to imprint an indelible social impact. As Hitachi transforms and evolves as one of the leading conglomerates to offer its distinguished Digital solutions, together we will drive digital centricity and digitalization adding invaluable acceleration to Social Innovation by combining advanced IT, OT (Operational Technology).' Commenting on his new role, N Venu said, 'It is an honor to be bestowed with this responsibility at such a critical juncture in Hitachis legacy. India is a key market for Hitachi Energy globally and, through One Hitachi, is set to be a cornerstone of the companys future worldwide growth.' N Venu has nearly four decades of work experience and has led Hitachi Energy in India since its formation in 2019. He was also the Chairman of the Karnataka chapter of the Confederation of Indian Industry (CII) during 2024-25. Venu has a degree in Electrical Engineering from NIT Warangal and has also been accredited by the Indian Institute of Management Ahmedabad, the Indian School of Business, Hyderabad, and the International Institute of Management Development, Switzerland. Hitachis partnership with India dates back to 1930s with the importing of table fans and later on, went on to supply steam engines followed by Turbines for the Bhakra Nangal Dam. Since then, Hitachi has been mounting its footprints in India and solidifying its position with the presence of around 28 group companies (as of March 2023), and Hitachi in India has a workforce of 39,322 employees (as of the end of Q1 of FY2024) fuelling the transformation of India. Hitachi Energy is a global technology leader in electrification, powering a sustainable energy future with innovative power grid technologies with digital at the core. Over three billion people depend on Hitachi Energy's technologies to power their daily lives. With over a century in pioneering mission-critical technologies like high-voltage, transformers, automation, and power electronics, Hitachi Energy is addressing the most urgent energy challenge of our time – balancing soaring electricity demand, while decarbonizing the power system. With an unparalleled installed base in over 140 countries, Hitachi Energy co-creates and builds long-term partnerships across the utility, industry, transportation, data centers, and infrastructure sectors. Headquartered in Switzerland, Hitachi Energy employs over 50,000 people in 60 countries and generate revenues of around $16 billion USD. In India, Hitachi Energy operates under the legal entity name Hitachi Energy India Limited and is listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) as POWERINDIA, Scrip code 543187. Through its Social Innovation Business (SIB) that brings together IT, OT (Operational Technology) and products, Hitachi contributes to a harmonized society where the environment, wellbeing, and economic growth are in balance. Hitachi operates globally in four sectors – Digital Systems & Services, Energy, Mobility, and Connective Industries – and the Strategic SIB Business Unit for new growth businesses. With Lumada at its core, Hitachi generates value from integrating data, technology and domain knowledge to solve customer and social challenges. Revenues for FY2024 (ended March 31, 2025) totaled 9,783.3 billion yen, with 618 consolidated subsidiaries and approximately 280,000 employees worldwide.
Time of India
7 days ago
- Business
- Time of India
Hitachi India appoints N Venu as Managing Director effective June 2
New Delhi: Hitachi India announced the appointment of N Venu as its Managing Director, effective June 2, 2025. Venu will continue in his existing roles as Managing Director and CEO of Hitachi Energy India Limited and Region Head of South Asia at Hitachi Energy. The announcement comes after Bharat Kaushal, the first Indian Managing Director of Hitachi India, was elevated to the position of Executive Chairman, Hitachi India, with effect from April 1, 2025. As Managing Director of Hitachi India, Venu will lead operations across 28 Hitachi group companies in India under the company's new global management plan ' Inspire 2027 '. 'I am honored to welcome N Venu. His appointment reiterates our commitment to India and showcases the company's truly diverse culture and larger collaboration among Hitachi group companies,' said Kojin Nakakita, Vice President and Executive Officer, Head of Regional Strategies [APAC/India], and Chairman of Hitachi Asia Ltd. According to the company, Venu will focus on strengthening Hitachi's position in India and expanding the Lumada digital business by integrating IT and Operational Technology (OT) capabilities. 'The appointment of N Venu will reemphasize our vision and mission of making India as one of the most lucrative business hubs within Hitachi's ecosystem,' said Bharat Kaushal. 'Hitachi Energy is one of India's largest contributors in architecting a framework that goes beyond offering unparalleled energy solutions.' 'It is an honor to be bestowed with this responsibility at such a critical juncture in Hitachi's legacy. India is a key market for Hitachi Energy globally and, through One Hitachi, is set to be a cornerstone of the company's future worldwide growth,' Venu said. Venu has nearly four decades of experience and has led Hitachi Energy in India since 2019. He was Chairman of the Karnataka chapter of the Confederation of Indian Industry during 2024–25. He holds a degree in Electrical Engineering from NIT Warangal and has attended management programmes at IIM Ahmedabad, ISB Hyderabad, and IMD Switzerland.
Business Upturn
7 days ago
- Business
- Business Upturn
Hitachi India appoints N Venu as Managing Director
By Aman Shukla Published on May 29, 2025, 11:47 IST Hitachi India Pvt. Ltd. has announced the appointment of N Venu as its new Managing Director, effective 2 June 2025. This appointment is part of Hitachi's broader strategy to strengthen its business operations in India and aligns with the company's global growth plan, Inspire 2027 . Venu currently serves as the Managing Director & CEO of Hitachi Energy India Limited and Region Head of South Asia at Hitachi Energy. He will take on his new responsibilities at Hitachi India in addition to his existing roles. His appointment follows the elevation of Dr. Bharat Kaushal, who became the Executive Chairman of Hitachi India on 1 April 2025. Dr. Kaushal was previously the first Indian Managing Director of Hitachi India. As Managing Director, Venu will oversee the integration and strategic alignment of 28 Hitachi Group companies in India. His focus will include expanding the Lumada business, promoting IT-OT integration, and enhancing collaboration across sectors including Rail, Digital, Energy, Financial Services, Education, and Healthcare. Hitachi is working to position India as a global solutions hub, aiming to deliver value through a high-margin, high-revenue business model. The company's approach includes building a Delivery-layer framework supported by strategic partnerships, in line with its vision of 'India for India and India for the World.' Venu brings nearly 40 years of industry experience and has led Hitachi Energy India since its inception in 2019. He served as Chairman of the Karnataka Chapter of the Confederation of Indian Industry (CII) during 2024–25. He holds an Electrical Engineering degree from NIT Warangal and has completed executive education programs at IIM Ahmedabad, ISB Hyderabad, and IMD Switzerland. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
