Mahindra Group Reshuffles Key Leadership Roles: Hemant Sikka to Lead Mahindra Logistics

Key Highlights:

• Hemant Sikka to lead Mahindra Logistics from May 4, 2025.

• Veejay Nakra to head Farm Equipment Business.

• R Velusamy promoted to lead Automotive Business.

• Ram Swaminathan steps down from Mahindra Logistics.

• Changes aim to boost growth and innovation.

Mahindra & Mahindra Limited (M&M) has announced a major reshuffle in its top leadership as part of its strategy to strengthen business growth and drive innovation. This change involves appointing new leaders to important roles across the company’s core sectors.

Hemant Sikka to Head Mahindra Logistics

Hemant Sikka, who is currently the President of the Farm Equipment Sector (FES), has been appointed as the Managing Director & CEO of Mahindra Logistics Limited (MLL). His new role will begin on May 4, 2025.

Sikka’s leadership has been key in driving the success of Mahindra’s farm equipment division. His move to Mahindra Logistics is expected to bring fresh direction and vision to the logistics business.

Veejay Nakra to Lead Farm Equipment Business

Veejay Nakra, the current President of the Automotive Division, will now take charge as the President of the Farm Equipment Business (FEB). Nakra has a strong background in product development, sales, and marketing. He has helped transform the automotive division with successful vehicle launches and improved production processes.

Now, he will lead one of Mahindra's most profitable businesses. The Farm Equipment Business records a Return on Capital Employed (ROCE) of over 60%, making it a key part of the company’s overall performance.

R Velusamy Promoted to Lead Automotive Business

R Velusamy, currently the President of Automotive Technology and Product Development, has been promoted to President of the Automotive Business (AB). He will now oversee both the SUV and light commercial vehicle operations.

Velusamy, who has been with Mahindra since 1996, has contributed significantly to the company’s technology development, including work in internal combustion engines and electric vehicles. His new role aims to improve collaboration and speed within the automotive business.

Ram Swaminathan Steps Down from Mahindra Logistics

Ram Swaminathan, the current CEO of Mahindra Logistics, has decided to step down to explore other professional opportunities. His exit has opened the way for Hemant Sikka’s appointment.

Leadership Comments

Dr. Anish Shah, Group CEO and Managing Director of Mahindra & Mahindra, stated that the company is placing proven leaders in critical roles to ensure long-term success. He highlighted that strong leadership is essential for driving growth, innovation, and value across the group.

Summary of Leadership Changes

• Hemant Sikka – Appointed MD & CEO of Mahindra Logistics (Effective May 4, 2025)

• Veejay Nakra – Appointed President of Farm Equipment Business

• R Velusamy – Promoted to President of Automotive Business

• Ram Swaminathan – Stepped down as CEO of Mahindra Logistics

Also Read: Rajasthan Government Launches 100% Interest Waiver Scheme for Farmers

CMV360 Says

Mahindra’s leadership reshuffle marks a strategic move to strengthen its core sectors. With experienced leaders stepping into key roles, the company aims to boost innovation, agility, and long-term growth. These changes reflect Mahindra’s commitment to evolving with market demands and delivering continued value across its businesses.