The board of directors of Rico Auto Industries Limited at its meeting held on March 28, 2024, approved the appointment of Ms. Shikha Kapur as Director of the Company in the category of Non-Executive Non-Independent Director w.e.f. 1st April, 2024 (retirement by rotation); and approved the appointment of Dr. Arvinder Singh Gill as President of Strategy, Technology & Business Development of the Company w.e.f. 1st April, 2024. Ms. Shikha Kapur is daughter of Shri Arvind Kapur, Chairman, CEO & Managing Director of the Company. She is Global business leader with 20+ years of experience in finance, strategy and operations.

Consistent track record in increasing shareholder value across a breadth of companies and industries, including scaling early-stage high growth startups to driving transformational growth at Fortune 100 businesses. Proven leadership experience and track record of building and managing high performing teams, and partnering with the business and across functions to deliver superior strategies and execution. Significant experience interacting with Boards and key stakeholders both as an advisor and member of the leadership team.

She has worked in the Companies namely (i) WALMART, INC., Bentonville, AR; (ii) WHIRLPOOL, Benton Harbor, MI; (iii) ERNST & YOUNG (EY), Chicago, IL etc. She holds a Bachelor of Business Administration, with distinction ­ Accounting & Finance from Ross School of Business, University of Michigan, Ann Arbor, MI and Master of Business Administration ­ Finance & Management from The Wharton School, University of Pennsylvania, Philadelphia, Pa. Dr. Arvinder Singh Gill is appointed as President of Strategy, Technology & Business Development and is a part of Rico Senior Leadership Team.

Dr. Gill has Doctorate (PhD) in Consumer Behavior from IIT Delhi, and holds multiple certificates from reputed institutes like, Executive PG in Data Science from IIIT Bangalore, Executive Masters from IIFT Delhi etc. Dr. Gill has over 38 years of expertise in the automotive and B2B sectors, with a successful track record of driving global expansion, revenue growth, and new technology introduction in electrical, electronics, lighting, powertrain, EV, interior and exterior & HVAC modules. He has led transformative strategies across prestigious companies such as Motherson Sumi, Musashi, and Varroc, significantly contributing to scaling up their market leadership.

His strategic foresight and deep market insights have been instrumental in forging successful alliances and driving business growth. RICO senior leadership team is poised to propel its organization to new heights, leveraging combined experience and innovative approach to navigate the evolving business landscape.