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Bosch India
Auto components major Bosch Ltd on Wednesday announced leadership changes with Guruprasad Mudlapur appointed as its Managing Director, and President of the Bosch Group in India with effect from July 1, 2023. He will succeed Soumitra Bhattacharya who will be retiring from Bosch India effective June 30, 2023, after 28 years of service in various capacities, the company said in a regulatory filing. Further, Bosch said from July 1, 2023, Sandeep Nelamangala, currently, Executive Director at Bosch Ltd and Executive Vice-President, Mobility Solutions at Bosch India, will be appointed as Joint Managing Director of Bosch Ltd. Mudlapur will be responsible for the strategic growth and overall performance of the business in the region. At the same time, he will continue to be chief technology officer for Bosch Ltd, it added. He has more than 15 years of experience in the Bosch Group and has held various positions in engineering and business management. Most recently, he was joint managing ...
Prime Minister Narendra Modi on Thursday virtually inaugurated the new 'smart' campus of Bosch India, a leading supplier of technology and services in Bengaluru.Speaking at the inauguration ceremony, PM Modi said, "It is a special year for both India and Bosch India, as the nation celebrates 75 years of Independence and Bosch celebrates a century of its presence in India. Bosch came to India as a German company about 100 years ago and now it is as much Indian as German. This is a great example of German engineering and Indian energy."The Prime Minister highlighted the importance of the Bosch Smart Campus in the development of futuristic products and solutions for India and the world."This campus will take lead in developing futuristic products and solutions for India and for the world. I urge Bosch to think of doing more in India and set goals for the next 25 years," he added.Meanwhile, Karnataka Chief Minister Basavaraj Bommai, the chief guest at the ceremony, applauded the work done
Auto components major Bosch Ltd on Thursday reported a 27.28 per cent decline in consolidated net profit at Rs 350.5 crore in the fourth quarter ended March 2022 dragged down by higher expenses. The company had posted a consolidated net profit of Rs 482 crore in the same period previous fiscal, Bosch Ltd said in a regulatory filing. Consolidated revenue from operations during the period under review stood at Rs 3,311 crore as against Rs 3,215.9 crore in the year-ago period, it added. Total expenses in the fourth quarter were higher at Rs 2,972.2 crore as compared to Rs 2,693 crore a year ago, it added. For the fiscal ended March 31, 2022, consolidated net profit was at Rs 1,217 crore. It stood at Rs 480.7 crore in the previous fiscal, the company said. Bosch said its consolidated revenue from operations in FY22 was at Rs 11,781.6 crore in comparison to Rs 9,716.2 crore in FY21. The company said its board of directors recommended a dividend of Rs 110 per equity share of Rs 10 each