Bharat Forge Limited announced that Mr. Sanjeev Nimkar, President & CEO (Industrial Business) forming part of Senior Management Personnel (SMP) has resigned from the services of the company to pursue opportunities outside the company. Mr. Nimkar has demitted his office as President & CEO (Industrial Business) from the end of business hours on December 1, 2023. The company announced that, Mr. Sumeet Banga has been appointed as senior management personnel of the company with effect from December 01, 2023 as President and CEO of Industrial Business.

In order to ensure smooth transition, Mr. Nimkar will continue to be with the company till end of February 2024. Mr. Sumeet Banga obtained his Electronics & Communication Engineering degree from BIT-Mesra, Ranchi followed by MBA from IMT Ghaziabad. He spent his earlier years working with Siemens and GE.

In his previous assignment with Wabtec Corporation, he was leading the Service Operations. He brings with him more than 30 years of rich experience in formulating and driving business strategy, business development and operations.