Praj Industries Limited — Updates, 03-02-2025: Press Release

Praj Industries has announced a leadership transition with Mr. Ashish Gaikwad appointed as Managing Director-Designate, beginning his tenure on February 3, 2025. He will succeed Mr. Shishir Joshipura, who will complete his tenure on June 30, 2025. Mr. Gaikwad brings over 34 years of experience in various sectors, including industrial automation and renewable energy, having previously served as Managing Director at Honeywell Automation India Ltd.

His appointment is seen as a crucial step in steering Praj’s growth strategy as the company focuses on innovation in the bioeconomy sector. Dr. Pramod Chaudhari, Founder Chairman, expressed confidence in Mr. Gaikwad’s ability to drive Praj's vision for a sustainable bioeconomy through his extensive industry expertise and leadership experience, positioning the company for continued advancement. This transition could signal positive developments for Praj Industries as it seeks to maintain its competitive edge.