She succeeds Ashwath Ram, who will continue serving the company until August 31, 2024 (close of business hours). Under his leadership, the company achieved profitable growth and successfully navigated multiple challenges, including COVID-19.

Shveta leads the Power System Business for Cummins India Limited – a portfolio she will continue to hold even after her appointment as the Managing Director. As the business leader, she has been driving growth and enhancing market presence for power generation and industrial businesses serving India and the global market. She also successfully led the launch of the CPCB IV+ range of products, which was introduced in July 2023 and features amongst the most stringent emission standards for backup power generation in the world. Previously, as the leader of Cummins’ Distribution business in India, Shveta crafted a five-year growth vision that saw significant revenue expansion during her tenure.

Welcoming the new leader, Ashwath Ram, Managing Director, Cummins India Limited, said, “I am delighted to welcome Shveta as the next Managing Director of Cummins India Limited. As the Business Leader for Distribution and Power Systems, she has played an integral role in the company’s growth journey. Her strategic mindset, customer-centricity, and commitment to our core values make her the perfect fit to steer the Company to greater heights. I wish her all the very best in this new assignment.”

Expressing her views on the appointment, Shveta Arya, Managing Director (Designate) and Business Leader – of Power Systems said, “It is both an honor and a privilege for me to lead an organization like Cummins India Limited, which has an illustrious legacy of powering India’s growth for over 60+ years. Under Ashwath’s leadership, the organization has grown tremendously over the last five years. I am deeply committed to steering the company into its next phase of growth and delivering our brand promise of innovation and dependability.”

Shveta holds a master’s from the Indian Institute of Management, Ahmedabad (IIMA) and a bachelor’s in Information Technology engineering from Delhi University. She has over 20 years of industry and management consulting experience in the Automotive, Travel, Financial Services and Telecom sectors. Before joining Cummins in 2016 as the Head of Strategy, she was associated with organizations such as Thomas Cook, Kearney, and Infosys.

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Shri Naveen Chandra Jha has been associated with the State Bank of India since 1994 and has held several key positions during his tenure. Before his current role at SBI General Insurance, Shri Naveen Chandra Jha, Deputy Managing Director, at State Bank of India, served as the Chief General Manager of Amaravati Circle, Andhra Pradesh.

Shri Naveen Chandra Jha brings over three decades of extensive experience in the banking industry. Throughout his career, he has held various important functional and operational roles, including Branch Management, Credit and Risk Management with a focus on SME Credit, HR & Administration, and Retail Banking. He has excelled in numerous crucial roles such as Regional Manager, Deputy General Manager (CDS), Deputy General Manager (Cadre Management), General Manager of Network, and Chief General Manager of the Circle.

During his tenure, the Amaravati Circle was consistently perceived as the top-performing circle. He has made significant contributions to business development and has been recognized for his exceptional service by being selected for the Chairman’s Club in the Branch manager category in 2005 and as Regional Manager in 2015.

At SBI General Insurance, Shri Naveen Chandra Jha is set to leverage his vast experience and business acumen to drive the company towards greater success. His emphasis on overall business strategy, operations, budgeting, and strategic growth aligns perfectly with the company’s mission of being a leading player in the industry.

Shri Jha firmly believes that the engagement of human resources and customer centricity is key to the success of any organization. He has consistently worked towards ensuring that both employee satisfaction and customer experience are prioritized. His motto, “Great Numbers with Excellent Quality,” reflects his commitment to achieving outstanding results while maintaining high standards of service and operational excellence. Shri Jha’s extensive experience will be invaluable as SBI General Insurance continues to navigate its path to success aiming to provide “Suraksha aur Bharosa Dono” to all its customers.

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