Mahindra & Mahindra on April 21, 2025, announced that Hemant Sikka, currently President of the Farm Equipment Sector (FES), will become Managing Director and CEO of Mahindra Logistics Ltd. (MLL) starting May 5. He will replace Rampraveen Swaminathan, who is set to leave the company on July 20, 2025, according to news reports.
Sikka will join MLL as Additional Director and MD & CEO designate from April 22. The transition comes as part of a series of senior management changes across the Mahindra Group’s automotive and farm equipment businesses.
Alongside Sikka’s appointment at MLL, Mahindra has also announced new roles for other senior leaders:
Both Nakra and Velusamy will report to Rajesh Jejurikar, Executive Director and CEO of the Auto and Farm Sector.
Read More: Mahindra Group Companies to Raise Funds Worth ₹4,500 Crore via Rights Issues.
Swaminathan joined Mahindra Logistics as CEO designate in July 2019 and took over as MD & CEO in February 2020. During his time at the helm, MLL doubled its revenue despite pandemic disruptions and expanded into new verticals, including cross-border logistics, express delivery, and last-mile services. The company also made strides in digitisation and sustainability initiatives under his leadership.
Sikka has led Mahindra’s global farm machinery and tractor business since April 2020. Under his leadership, Mahindra grew its India tractor market share by 210 basis points to over 43%, increased revenue by more than 60%, and more than doubled its profit. Mahindra also retained its position as the world’s largest tractor maker by volume during this period.
Sikka, who joined Mahindra over 25 years ago, has previously held key roles including Chief Purchase Officer for the Auto and Farm Sector and Head of Manufacturing for the Automotive Sector. He also led procurement at SsangYong Motors and worked for nine years at Maruti Suzuki. He holds a B.Tech from Kurukshetra University and an MBA from FMS Delhi.
Nakra joined Mahindra in 1995 and has played a key role in revitalising the company’s automotive portfolio through successful product launches and enhanced operational efficiencies. He will now lead the farm equipment business, which has a return on capital employed exceeding 60%.
Velusamy, who has been with Mahindra since 1996, has led development across internal combustion engine and electric vehicle platforms. In his new role, he will oversee both SUV and light commercial vehicle segments, aimed at improving alignment within the Automotive Business.
The leadership changes at Mahindra & Mahindra reflect the group’s continued efforts to strengthen operational efficiency and strategic execution across its core sectors. With experienced leaders taking charge of key business verticals, the company is positioning itself for its next phase of growth.
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Published on: Apr 21, 2025, 6:42 PM IST
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