Mahindra Logistics announces MD & CEO transition
MUMBAI : The Board of Mahindra Logistics Ltd. (MLL), one of India’s largest integrated logistics solutions providers, on Monday appointed Hemant Sikka as Additional Director and as MD & CEO designate for MLL with effect from 22nd April 2025. Hemant will take over as MD & CEO from 5th May 2025.
Hemant’s appointment is consequent to Ram Swaminathan’s decision to resign from MLL to pursue other professional interests. Ram joined MLL on 18th July 2019 as CEO designate. He was appointed as CEO of MLL effective 1st October 2019 and as MD & CEO from 4th February 2020. Under Ram’s leadership MLL has emerged as a leading integrated logistics provider in India. Despite the challenges of the Covid 19 pandemic, the company has doubled revenues in the last four years. The company has made a shift towards integrated solutions, and has expanded into cross border, express and last mile segments. MLL has established a nationwide presence, leading-edge technology capabilities and a significant sustainability portfolio, positioning it well for the future. 20th July 2025 will be Ram’s last day with MLL.
Hemant has been the President Farm Equipment Sector (FES) within M&M’s Auto & Farm Sector, since April 2020. In this role he led our Tractor and Farm Machinery business globally. As the largest farm tractor company in the world by volume, Mahindra FES commands a domestic market share upwards of 43% in India, with a strong on-ground presence in the USA, Japan, Turkey, Finland and Brazil, with flagship brands like Mahindra, Swaraj, and Erkunt.
During his tenure, tractor market share went up by 210 basis points and FES revenue grew by over 60% and profits more than doubled.
Over a career in our company spanning about 25 years, Hemant has held several key positions including President and Chief Purchase Officer of AFS, Head of Purchase for SsangYong Motors, and Head of Manufacturing – Mahindra Automotive Sector. Prior to joining Mahindra, Hemant spent 9 years with Maruti Suzuki. He has a B. Tech degree from Kurukshetra University and is an MBA from FMS Delhi.
Commenting on the change, Dr. Anish Shah, Chairman, Mahindra Logistics Ltd. and Group CEO & MD, Mahindra Group said, “We believe that MLL has tremendous potential for growth and value creation and are committed to realising this potential. Hemant is one of our top leaders and brings with him a powerful combination of strategic skills, operational rigor, customer centricity and people leadership capabilities. The MLL Board and I are excited to have him lead the MLL team and look forward to the next phase of growth under his leadership. We thank Ram for all his contributions to our company and wish Hemant all the very best for the journey ahead”.