4 days ago
Lumax Auto extends CEO Vikas Marwah's term by five years
New Delhi: Tier-1 automotive component player
Lumax Auto Technologies
has approved the extension of Chief Executive Officer (CEO)
Vikas Marwah
's term for five years, effective November 1, 2025.
Marwah joined the Lumax DK Jain Group as Chief Strategy Officer in 2018 and assumed the CEO role on May 2, 2020. Since then, he has played a key role in driving business expansion into new geographies, diversifying the product portfolio, opening new revenue streams, and strengthening OEM relationships.
As per the company's policy, he will reach the age of superannuation on October 31, 2025. However, in view of his leadership skills and contribution to the company's growth, the board has approved his reappointment.
Prior to Lumax, Marwah was associated with Varroc as Chief Sales & Marketing Officer and Senior Vice President. With a career spanning over three decades, he has worked with several renowned companies, including Sona Koyo Steering Systems, Hertz, JK Tyre, and Goodyear Tyre, among others.
Also Read:Lumax Group CEO Vineet Sahni resigns
'...Extension of the term of Vikas Marwah as the Chief Executive Officer (Key Managerial Personnel designated as Senior Management) of the Company for a period of five years with effect from November 1, 2025, consequent to attaining the age of superannuation on October 31, 2025, based on the recommendation of the Nomination & Remuneration Committee,' said a company statement.
The Lumax Auto Technologies board has also approved setting up a branch office in China to explore new business prospects and strengthen technological capabilities, along with establishing a Technology Centre, SHIFT (Smart Hub for Innovation and Future Trends), in Bengaluru.
The
Gurugram-based DK Jain Group
has two publicly traded companies– Lumax Industries, which manufactures auto lighting solutions, and Lumax Auto Technologies, which is engaged in telematics, gear shifters, antennas, plastic modules, and other components.
