Anand Mahindra wishes ‘Hemant, Veejay, Velu’ of Mahindra Logistics Congratulations: ‘New leaders, but Old Hands’ | Company Business News

Mahindra, chairman of Mahindra Group, congratulated the new leaders on Monday after the conglomerate announced a shower in the leadership in Mahindra logistics. “New leaders … but old hands on leadership…. Congratulations, hemant, cattle, velu. May you continue to rise! [sic]”He said in a post about X. Leadership Refhaul in the Mahindra group Mahindra Group on Monday Hemant Sikka managing director and CEO of Mahindra Logistics Ltd (MLL). Hemant is one of our top leaders and has brought with him a powerful combination of strategic skills, operational rise, customer cercity and people leadership. Mumbai-based car giant said in a statement. More than 60 percent. “There is a great opportunity for us to grow the business profitably through tractors, farm machinery and globalization,” the company said in its statement. Both will continue to report to the executive director and CEO of M&M (car and farm sector) Rajesh Jejurikar. To replace Neekra, the company R. Veluswamy, president of car technology and product development, has appointed the president of the car business. As part of the Reformation, the company also brings the SUV and LCV business under one leader of the automotive industry. Mahindra Logistics narrowed the net loss in the fourth quarter of Mahindra Logistics reported a smaller quarterly loss for the quarter on Monday, March 31, aided by the growth in its key contract logistics division and a closer loss in his Express trade. There is a consolidated net loss of £ 6.75 in the fourth quarter of FY25. The company reported a year-on-year increase in a standalone profit after tax (PAT) up to £ 13.12 crore in three months until the same period last year. For the full fiscal 2024-25, Standalone Pat dropped 30 percent to £ 43.50 crore of £ 61.98 in FY24, while revenue for the last fiscal in April was at £ 4,530, a 10 percent year and year growth, the company said. First published: 21 Apr 2025, 22:59 IST