Mahindra Group elevates 3 senior leaders from within for key roles across verticals

In a strategic move to reinforce leadership across its core businesses, the Mahindra Group has announced a series of three senior-level appointments on Sunday, all drawn from its internal talent pool.

Hemant Sikka, currently President of the Farm Equipment Sector (FES), has been appointed Managing Director and CEO of Mahindra Logistics Ltd. (MLL). The MLL board approved his appointment as current CEO Ram Swaminathan steps down to pursue other professional opportunities. The group described Sikka as a seasoned leader with a blend of strategic insight, operational strength, and customer-centric leadership.

Veejay Nakra, who currently heads Mahindra’s Automotive Division, will now lead the Farm Equipment Business (FEB), one of the conglomerate’s most profitable verticals with a return on capital employed (ROCE) exceeding 60%. Nakra, who joined Mahindra in 1995, has played a pivotal role in revitalising the auto business and expanding its global footprint. He will continue to report to Rajesh Jejurikar, Executive Director and CEO (Auto & Farm Sector), M&M Ltd.

In a move aligning with Mahindra’s focus on integrated automotive innovation, R Velusamy has been appointed President of the Automotive Business. Currently serving as President – Automotive Technology and Product Development, Velusamy will now take end-to-end charge of the combined SUV and LCV (under 3.5 tonnes) segments. With over two decades at Mahindra, he has led the creation of cutting-edge powertrains and was instrumental in launching both internal combustion engine (ICE) and electric vehicle (EV) portfolios, the company said in a statement.

“These leadership changes ensure that we have strong, proven leaders at the helm of our key businesses,” said Dr. Anish Shah, Group CEO & MD, Mahindra Group. “Their experience will drive significant growth and create greater value for customers and shareholders.”

Founded in 1945, the Mahindra Group is a diversified multinational with a global footprint in over 100 countries. It is the world’s largest tractor manufacturer by volume and a leader in utility vehicles, IT, and financial services in India. The group is sharply focused on ESG, rural prosperity, and urban development.