Latest news with #NVenu
&w=3840&q=100)
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.
Time of India
15-05-2025
- Business
- Time of India
Hitachi Energy FY25 profit surges 134% to ₹384 cr; orders up 228% at ₹18,173 cr
New Delhi: Hitachi Energy India Ltd on Wednesday reported a 134 per cent year-on-year rise in profit after tax (PAT) at ₹384 crore for the financial year ended March 31, 2025. Orders rose 228 per cent to ₹18,173.8 crore during the year, while revenue increased 23 per cent to ₹6,442.1 crore. For the quarter ended March 31, 2025, the company reported a 61.8 per cent year-on-year increase in PAT at ₹183.9 crore. Profit before tax (PBT) during the quarter rose 62.1 per cent to ₹246.7 crore. Revenue for Q4FY25 stood at ₹1,921.9 crore, up 13.1 per cent from the year-ago period. Operational EBITDA for Q4 rose 36.5 per cent year-on-year to ₹235.6 crore, with a margin of 12.3 per cent. The board recommended a final dividend of ₹6 per equity share (300 per cent), subject to shareholders' approval. The company's order backlog at the end of the year stood at ₹19,245.9 crore. 'A strategic approach and our adaptability to the rapidly changing global economic landscape have enabled us to sustain our growth momentum,' said N Venu, MD & CEO, Hitachi Energy India Ltd. He added, 'The increasing prominence of electricity in the global energy system will continue to drive the energy transition, making it a focal point of the world's economic growth despite geopolitical dynamics. This growth phenomenon will ensure more capital flow in the energy sector to meet burgeoning demand. At Hitachi Energy India Ltd., we foresee these opportunities and are well-positioned to leverage them.' Order inflows for Q4FY25 stood at ₹2,190.8 crore, up 55.7 per cent year-on-year. Orders were led by the transmission and renewables sectors, followed by industrial, rail, and metro segments. Key orders included a large statcom order from a leading transmission company and India's first made-in-India Variable Shunt Reactor. Export and service orders also contributed significantly, with demand from South Asia, Europe, and Africa. Service contracts included grid compliance studies, digital service agreements, SCADA upgrades, and maintenance work. During FY25, the company reduced energy consumption by 6 per cent and freshwater usage by 4 per cent. Waste disposal was reduced by 17 per cent through improved recycling of hazardous waste. The company marked 75 years of operations in India and announced an investment of ₹2,000 crore over the next four to five years for capacity expansion. It raised ₹2,520.82 crore via a Qualified Institutional Placement (QIP) to support this plan. From April 1, 2025, the company launched a dedicated service business unit to provide asset lifecycle support from installation to end-of-life services across sectors. Hitachi Energy noted that India added 30 GW of renewable energy capacity in FY25 and said long-term demand for electricity remains strong. The company stated that HVDC infrastructure will be key to integrating future clean energy projects.
&w=3840&q=100)
Business Standard
14-05-2025
- Business
- Business Standard
Hitachi Energy India Q4 results: PAT jumps 62% to 184 cr, dividend declared
Hitachi Energy India on Wednesday reported a nearly 62 per cent rise in net profit to Rs 183.9 crore for the March 2025 quarter, mainly on the back of higher revenues. The company had reported a net profit of Rs 113.7 crore a year ago, a company statement said. Its total income rose to Rs 1,921.85 crore in the quarter from Rs 1,699.20 crore in the year-ago period. The board of directors has recommended a final dividend of 300 per cent or Rs 6 per share of face value of Rs 2 each, subject to shareholders' approval at the ensuing annual general meeting. The dividend, if declared at the sixth AGM, will be paid/ dispatched after August 20, 2025, to those shareholders who hold shares in physical form and whose name appears on the company's register of members as holders of equity shares on August 13, 2025. During fiscal 2024-25, the net profit rose to Rs 383.98 crore from Rs 163.78 crore in the preceding fiscal. The total income increased to Rs 6,442.10 crore from Rs 5,246.78 crore a year ago. In the quarter ended March 31, 2025, its orders jumped 55.7 per cent to Rs 2,190.8 crore from Rs 1,406.7 crore a year earlier. As of March 31, 2025, the order backlog stood at Rs 19,245.9 crore, providing revenue visibility for the coming quarters. "A strategic approach and our adaptability to the rapidly changing global economic landscape have enabled us to sustain our growth momentum," Hitachi Energy India MD and CEO N Venu said. "The increasing prominence of electricity in the global energy system will continue to drive the energy transition, making it a focal point of the world's economic growth despite geopolitical dynamics.
