The JCB Group has announced the appointment of Deepak Shetty as Deputy CEO and Managing Director of JCB India Limited. Deepak has been with JCB for over 10 years in various leadership roles. Beginning next year, Deepak will take over as MD and CEO from Subir Kumar Chowdhury, who has announced his retirement after having been with JCB India for close to 15 years. Subir has played a significant part in JCB India’s growth journey, expanding from one factory to five today.
Deepak makes this transition after having been the Executive Vice President Sales, Marketing, Product Support, and Business Development for India and the South Asia region; a role he held for two years. Prior to this, he was the Managing Director of JCB’s Global Excavator business in the UK for four years.
Commenting on the appointment, JCB Group CEO Graeme Macdonald said, “India continues to be an important market for the Group. As part of our succession planning, we are pleased to appoint Deepak in this very challenging role. His experience in various leadership positions in India and the UK will help JCB India enter a strong and sustained phase of growth in the Indian construction equipment market. On behalf of the JCB Group, I wish Subir well for his retirement at the end of this year”
JCB India Limited is a leading manufacturer of earthmoving and construction equipment in India. The company started as a joint venture in 1979 and is now a fully owned subsidiary of J C Bamford Excavators, United Kingdom. With five state-of-the-art factories in India at Delhi-NCR, Pune, and Jaipur, the company today manufactures over 60 products in eight categories. These made in India products are not only sold in the domestic market but have been exported to more than 110 countries. It has the largest design center outside of the UK in Pune where it develops exciting new technologies for the future.
With Deepak’s appointment, the construction equipment major is hoping to leverage his vast experience to continue on this growth trajectory in an otherwise tough year.