Amit Laroya has assumed the role of Non-Executive Chairman at Kennametal India Limited, bringing with him a vast background in leadership and strategic transformation from his previous role as Managing Director at 3M India Limited. Known for his expertise in areas such as electronics, industrial applications, automotive, and safety solutions, Amit is expected to enhance Kennametal’s strategic growth in India’s industrial landscape.
Kennametal India, a key player in hard metal products and machine tools, recently reported notable financial growth for Q1 FY25. The company’s sales surged by 4.8% year-over-year, reaching an impressive Rs 2,704 million. This growth was largely driven by an uptick in demand across its Hard Metal and Machining Solutions segments, reflecting the company’s strong position in the Indian market.
Under the leadership of Vijaykrishnan Venkatesan, Managing Director of Kennametal India, the company has maintained a steady focus on cost efficiency and customer acquisition. Profit Before Tax (PBT) increased significantly, aided by various strategic initiatives aimed at boosting both revenue and operational efficiency. These financial results underscore Kennametal’s commitment to delivering value while adapting to the evolving needs of the industrial sector.
With Amit Laroya’s guidance, Kennametal India is poised to further strengthen its market share and portfolio strategies, particularly in high-demand sectors. His background in managing portfolio strategies and change management is expected to bring a fresh perspective that aligns with Kennametal’s growth vision.
The company’s recent performance highlights not only its success in expanding product offerings but also its focus on customer-driven innovation. As Amit Laroya steps into his new role, Kennametal India is set to leverage his expertise to drive sustained growth and maintain its competitive edge in the industry.