EXECUTIVE DIRECTOR AT BAJAJ ELECTRICALS TO STEP DOWN

By:- Vijay KambojVijaykambojlearner.blogspot.com9466500020

After a 12-year stint, R Ramakrishnan, Bajaj Electricals' executive director, will leave the company on March 1 "to explore alternative professional opportunities", the company said on Monday.

Recognised as the face of Bajaj Electricals, Ramakrishnan joined the company as president in November 1999 after a stint of 17 years at Asian Paints. He was promoted as president and COO in 2002, and subsequently inducted on the company's board as an executive director in October 2006.

Ramakrishnan has been credited with several achievements and numerous international tie-ups like Morphy Richards of UK, Trilux of Germany, Securiton of Switzerland, Disano of Italy, and Ruud Lighting of USA.

Shekhar Bajaj, chairman and managing director of Bajaj Electricals, said, “I appreciate the contributions made by Ramakrishnan over the last 12 years. His dynamism has significantly enhanced the growth of the top and bottom line of the company."

“My stint at Bajaj Electricals is filled with significant achievements and successes," said Ramakrishnan, a post graduate in Business Management from XLRI, Jamshedpur. "I look at myself essentially as an institution builder and would now like to pursue other value creation and organisation building opportunities.”

Bajaj Electricals reported a 19% drop in net profit for the fiscal third quarter at R32.84 crore as earnings from its engineering and projects division fell sharply. However, company's revenues rose 15% to R793.64 crore from R689.51 crore in the same quarter of the previous year.