The Board and management of Syrma SGS Technology Limited, a leading electronic design and manufacturing company ('Syrma SGS/the Company'), today announced Mr. Satendra Singh as CEO of the Company. He will report directly to Managing Director, Mr. Jasbir Singh Gujral, as he joins the management team at Syrma SGS to contribute and further enhance the growth journey.
Mr. Satendra will join Syrma SGS from Nokia, Helsinki, where he was heading global Hardware Service Delivery. He is a global executive with over three decades of experience in strategy, operations, global supply chain, manufacturing, and business management with global multinationals.
Mr. Satendra, in his earlier assignments, has setup multiple world class operations including India's largest telecom infrastructure manufacturing facility "making in India for global markets", crafted and implemented new global supply network strategy targeted to increase agility and market proximity, led Industry 4.0 initiatives culminating in a plant becoming a WEF lighthouse factory, and turned around a loss-making supply operation.
The development comes as India's electronic manufacturing industry contends with a high growth environment that presents opportunities, and yet poses competitive challenges. Syrma SGS is committed in its vision to give India its rightful place on the global map of electronics design and manufacturing and becoming the largest Indian company in the sector.
On the academic front, Mr. Satendra holds a master's degree in manufacturing management from BITS Pilani, and has completed an advanced management program from IIM Bangalore, and several executive leadership programs.
Mr. Satendra's experience and leadership will help Syrma SGS accelerate growth and transition the company into next phase of its entrepreneurial journey.
Mr Sandeep Tandon, Chairperson of Syrma SGS NRC said, "Satendra's appointment is the successful culmination of a rigorous selection process during which the NRC evaluated a number of internal and external candidates. Satendra's experience and understanding of our industry will complement Syrma SGS's strategies and continue to build on the strong growth momentum demonstrated by the company."
Commenting on his appointment, Satendra said, "Syrma SGS's growth journey has been outstanding. I am delighted to join the Syrma SGS family and look forward to work together with all stakeholders to achieve our ambitious milestones and make a positive impact."
Shares of Syrma SGS Technology Limited was last trading in BSE at Rs. 494.15 as compared to the previous close of Rs. 477.90. The total number of shares traded during the day was 87056 in over 3606 trades.
The stock hit an intraday high of Rs. 497.00 and intraday low of 477.25. The net turnover during the day was Rs. 42685209.00.