Chairman Karan Thapar emphasised Greaves’ evolution into a complete mobility solutions provider featuring a strong, varied growth model.
Greaves Cotton Ltd. (GCL) has evolved from a manufacturer of single-cylinder diesel engines into a fuel-agnostic company and aims to reach a revenue of Rs 15,000 crore by 2030. This target will be pursued through organic growth and strategic acquisitions, according to the company’s senior leadership.
The company, now a comprehensive provider of mobility solutions, aims to empower lives across India. Greaves has established a strong foundation for growth with strategies developed over the last five years, creating a digitally integrated ecosystem that connects consumers, business partners, and service providers within the mobility value chain. Despite facing external challenges, the company is adaptable, driven, and prepared to lead in the changing mobility landscape, with a goal of achieving Rs 15,000 crore in revenue by 2030, as stated by Karan Thapar, Chairman of the Board.
On the topic of leadership changes, Thapar mentioned that following Mr Nagesh Basavanhalli’s decision to step down as the Non-Executive Vice Chairman, the Board of Directors is in the process of finding a new leader to advance Greaves Cotton’s aspirations for growth and value creation. Mr Basavanhalli will remain in his role until a new leader is appointed to ensure a smooth transition.
Greaves Cotton Limited, also known as Greaves, is a diversified, multi-product, multi-fuel, and multi-location engineering company with a 165-year history and a strong reputation. Having been known for its diesel engines, GCL has reinvented itself as a comprehensive provider of end-to-end mobility solutions, driven by a mission to impact a billion lives by 2030 and to facilitate a sustainable shift to green mobility.
