Cummins India Limited, a leader in power solutions technology, is pleased to announce the appointment of Shveta Arya as an Additional Director and Managing Director (Designate) effective August 8, 2024. Shveta Arya will fully assume the role of Managing Director on September 1, 2024, pending shareholder approval via a postal ballot.
She will succeed Ashwath Ram, who will continue to serve the company until August 31, 2024. Under his leadership, Cummins India achieved significant growth and successfully navigated challenges, including the COVID-19 pandemic.
In addition to her new responsibilities, Shveta will continue leading the Power System Business for Cummins India, a role in which she has driven growth and expanded market presence in both domestic and global markets. Notably, she led the successful launch of the CPCB IV+ range of products in July 2023, which adhere to some of the world’s most stringent emission standards for backup power generation. Previously, as the head of Cummins’ Distribution business in India, Shveta spearheaded a five-year growth plan that resulted in substantial revenue growth.
Ashwath Ram, the outgoing Managing Director, expressed his confidence in Shveta’s leadership, stating, “I am delighted to welcome Shveta as the next Managing Director of Cummins India Limited. Her strategic vision, customer focus, and dedication to our core values make her an ideal leader to guide the company to new heights. I wish her the very best in this new role.”
Reflecting on her appointment, Shveta Arya said, “It is both an honor and a privilege to lead a prestigious organization like Cummins India Limited, which has been a cornerstone of India’s growth for over 60 years. Under Ashwath’s leadership, the company has seen tremendous growth in the past five years. I am committed to steering Cummins India into its next phase of innovation and dependability.”
Shveta Arya holds a master’s degree from the Indian Institute of Management, Ahmedabad (IIMA), and a bachelor’s degree in Information Technology engineering from Delhi University. With over 20 years of experience in industries such as Automotive, Travel, Financial Services, and Telecom, she joined Cummins in 2016 as the Head of Strategy. Her previous associations include organizations like Thomas Cook, Kearney, and Infosys.