Who is the New President of ASSOCHAM?

Synopsis

In a significant transition for India's business landscape, Nirmal Kumar Minda of Uno Minda Group has become the President of ASSOCHAM, while Amitabh Chaudhry of Axis Bank steps in as Senior Vice-President. Their leadership is set to enhance the industry's collaboration with the government, promising a proactive approach to nation-building.

Key Takeaways

Nirmal Kumar Minda is the new President of ASSOCHAM.
Amitabh Chaudhry has been appointed as Senior Vice-President.
Their appointments await approval from the Reserve Bank of India.
Minda has significant experience in the auto industry.
Chaudhry has a distinguished 38-year career in various sectors.

New Delhi, Oct 17 (NationPress) Nirmal Kumar Minda, the Executive Chairman of Uno Minda Group, has been appointed as the new President of the Associated Chambers of Commerce and Industry of India (ASSOCHAM). In a significant development, Amitabh Chaudhry, the Managing Director and CEO of Axis Bank, has been elected as the Senior Vice-President of this prominent industry chamber, as announced in a statement on Friday.

It is important to note that these appointments are contingent upon approval from the Reserve Bank of India.

Minda, who boasts extensive expertise in the automotive sector, succeeds Sanjay Nayar, founder and Chairman of Sorin Investment Fund, who has concluded his term. He is recognized as a visionary leader and a trailblazer in the auto components industry, having made remarkable contributions to shaping the automotive supply chain over the past fifty years.

The statement highlighted, "He has ensured that innovation remains at the core of the group, facilitating easy adaptation to change and thoroughly anticipating the future. With a customer-centric and people-first approach, he has carved out a distinguished position in the industry."

Minda has garnered numerous awards for his professional and societal contributions, including the EY Entrepreneur of the Year (Medium Category) and Best CEO by Business Today in 2019. He was also honored with the 'Haryana Ratna Award' for his exceptional professional and social contributions.

“I am honored to be elected as President of ASSOCHAM, an institution with a rich history of 105 years dedicated to serving the nation. My team and I will strive to bolster and support the mission of ASSOCHAM during my tenure,” stated Minda.

In the meantime, after his election as Senior Vice President, Chaudhry remarked, “ASSOCHAM will persist as an active partner of the government in the nation-building process. We aim to play an integral role in supporting the industry and enhancing the industry-government relationship by providing actionable insights to the government regarding macro and sectoral trends.”

Chaudhry brings with him a commendable career spanning 38 years across diverse sectors, both in India and internationally. He leads the Axis Group, a financial conglomerate, with a skilled leadership team and a clear vision aimed at meeting the aspirations of a rejuvenated India.

Prior to his tenure at Axis Bank, Amitabh served as the MD and CEO of HDFC Life.

Point of View

I believe that the appointments of Nirmal Kumar Minda and Amitabh Chaudhry herald a promising era for ASSOCHAM. Their extensive backgrounds in their respective industries ensure that they understand the nuances of business and governance. This alignment could lead to enhanced collaboration between the industry and the government, ultimately benefiting the nation's economic landscape.