INDIA: The Chowgule Group, a 104-year-old Indian industrial conglomerate, has announced the restructuring of its businesses into two separate groups. The restructuring allows a diversified vision and approach, bringing focus to growth and expansion.
The legacy flagship company, Chowgule & Co. Pvt. Ltd. led by the current Chairman and Managing Director Ms. Padma V Chowgule, will have control of Mining, Pellets, Salt, Shipbuilding, and Educational Institutes.
The next generation of the Chowgule family in the business will continue to support her. Driven by excellence the young and dynamic leadership of this Group has demonstrated a stellar track record of turning around businesses and achieving consistent growth and profitability over recent years.
All the businesses will focus on future-readiness, striking a balance between expansion in existing businesses and developing new lines of business. The cornerstone of this vision will be the existing experienced talent base, along with an infusion of new skills. As the Chowgule Group continues on this exciting journey to securing a leadership position in the industry, across all the areas that it operates in, it will continue to unlock value for all its stakeholders, as it has done in the past.
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2014 The Global Indian New Network (TGINN)