Ashwani Maheshwari
Director/Board Member at TEGA INDUSTRIES LIMITED
Profile
Ashwani has over three decades of experience in full cycle of business management.
He has had deep, as well as, wide experience, in business operations and transformations, management of complex projects and supply chain with leading groups such as Tata Steel, ITC, BK Birla and Varroc.
Through his career, he has worked in Steel, FMCG, IT, Tyres, Paper and Auto Components, starting from shop floor and has overseen Production, Engineering, Projects, single plant to overall operations.
Post his Sloan Masters in Leadership and Strategy from London Business School, in 2009, he transitioned to general management as COO / CEO of businesses across the groups he has been associated with thereafter.
He has directly spearheaded Birla Tyres, Century Paper and Varroc as the CEO – India business and Whole Time Director.
He leveraged his multi sectoral and transformative experience with India Resurgence Fund as Operating Partner, in his last assignment.
He worked with promoters, CEOs and the Investment team in bringing transformative changes to the various business he has been associated with.
He is currently with Kedaara Capital as an Operating Partner.
He also serves on the board of Tega Industries.
He is passionate about women empowerment and has founded a non-profit company – Chandra Jai Social Foundation.
Ashwani is a graduate engineer from IIT, Roorkee and has also successfully completed Executive Development Programs from the Wharton School, USA and from the Stanford Graduate School of Business, USA.
Ashwani Maheshwari active positions
| Companies | Position | Start |
|---|---|---|
| TEGA INDUSTRIES LIMITED | Director/Board Member | 31/03/2022 |
Durovalves India Pvt Ltd.
 Durovalves India Pvt Ltd. Auto Parts: OEMProducer Manufacturing Part of ICICI Bank Ltd., Durovalves India Pvt Ltd. is an Indian company that manufactures and supplies parts & accessories for motor vehicles. The private company is based in Aurangabad, India. The company was founded in 1997. The CEO is Tarang Jain. | Director/Board Member | - |
Industria Meccanica e Stampaggio SpA
 Industria Meccanica e Stampaggio SpA Metal FabricationProducer Manufacturing Industria Meccanica e Stampaggio SpA engages in the production of hot-forged steel parts and components. It offers forged steel components for the tractor, automobile, railway, petroliferous, petrochemical, and mining industries. The company specializes in heat treatment processes and testing applications, such as forging, hardening, tampering, and metallurgical laboratory testing. Industria Meccanica e Stampaggio was founded in 1961 and is headquartered in Sumirago, Italy. | Director/Board Member | - |
Vigo Consultants Opc Pvt Ltd.
 Vigo Consultants Opc Pvt Ltd. Miscellaneous Commercial ServicesCommercial Services Vigo Consultants Opc Pvt Ltd. is a business and management consulting company founded in 2016. The Indian company provides consulting services to businesses. | Director/Board Member | - |
Varroc Polymers Pvt Ltd.
 Varroc Polymers Pvt Ltd. Specialty StoresRetail Trade Varroc Polymers Pvt Ltd. manufactures and supplies automotive components exterior lighting systems. The company was founded on June 20, 1995 and is headquartered in Aurangabad, India. | Director/Board Member | - |
Setco Auto Systems Pvt Ltd.
 Setco Auto Systems Pvt Ltd. Other Consumer ServicesConsumer Services Part of Setco Automotive Ltd., Setco Auto Systems Pvt Ltd. is an Indian company that provides automotive services. The company is based in Panchmahal, India. The company was founded in 2010. Sunil Gupta has been the CEO of the company since 2024. Setco Auto Systems was acquired by Setco Automotive Ltd. on March 31, 2021. | Director/Board Member | - |
Synthimed Labs Pvt Ltd.
 Synthimed Labs Pvt Ltd. Pharmaceuticals: MajorHealth Technology Synthimed Labs Pvt Ltd. is an Indian pharmaceutical company that manufactures pharmaceuticals, medicinal chemical, and botanical products. The company is based in Manimajra, India, and has subsidiaries in India. It was founded in 2023. | Director/Board Member | 24/07/2023 |
Tega Mcnally Minerals Ltd.
 Tega Mcnally Minerals Ltd. Trucks/Construction/Farm MachineryProducer Manufacturing Part of Nihal Fiscal Services Pvt Ltd., McNally Sayaji Engineering Ltd. is an Indian company that manufactures and markets crushing, screening, grinding & material handling machinery. The company is based in Kolkata, India. McNally Sayaji Engineering was founded in 1943. McNally Sayaji Engineering was acquired by Tega Industries Ltd. from McNally Bharat Engineering Co. Ltd. on March 29, 2023 for $19.94 million. | Director/Board Member | - |
Kedaara Capital Investment Managers Ltd.
 Kedaara Capital Investment Managers Ltd. Investment ManagersFinance Kedaara Capital Investment Managers Ltd. is an Independent Private Equity firm founded in 2011 by Manish Santoshkumar Kejriwal, Sunish Sharma and Nishant Sharma. The firm is headquartered in Mumbai. | Private Equity Investor | - |
Former positions of Ashwani Maheshwari
| Companies | Position | End |
|---|---|---|
| ░░░░░░ ░░░░░░░░░░░ ░░░░░░░ | ░░░░░ ░░░░░░░░░ ░░░░░░░ | ░░░░░░░░░░ |
| ░░░░░░░ ░░░░░░░░░░ ░░░░░░░ | ░░░░░░░░░ ░░░░░░░░░░░░░░░░░ | - |
| ░░░ ░░░░░░░░ ░░░░░ ░░░░ | ░░░░░░░░░ ░░░░░░░░░░░░░░░░░ | - |
Training of Ashwani Maheshwari
| Indian Institute of Technology Roorkee | Undergraduate Degree |
| London Business School | Graduate Degree |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Listed companies | 3 |
|---|---|
| KESORAM INDUSTRIES LIMITED | Non-Energy Minerals |
| VARROC ENGINEERING LIMITED | Producer Manufacturing |
| TEGA INDUSTRIES LIMITED | Distribution Services |
| Private companies | 9 |
|---|---|
ITC Infotech India Ltd.
 ITC Infotech India Ltd. Information Technology ServicesTechnology Services ITC Infotech India Ltd. provides full service technology solutions. It offers operations enablement, customer experience, data infra to interventions, operations enablement, infrastructure services, integrated design and engineering services, interactive marketing, internet of things, mobility, product engineering services, supply chain management, and testing as a service. The company was founded on February 16, 1996 and is headquartered in Kolkata, India. | Technology Services |
Industria Meccanica e Stampaggio SpA
Industria Meccanica e Stampaggio SpA Metal FabricationProducer Manufacturing Industria Meccanica e Stampaggio SpA engages in the production of hot-forged steel parts and components. It offers forged steel components for the tractor, automobile, railway, petroliferous, petrochemical, and mining industries. The company specializes in heat treatment processes and testing applications, such as forging, hardening, tampering, and metallurgical laboratory testing. Industria Meccanica e Stampaggio was founded in 1961 and is headquartered in Sumirago, Italy. | Producer Manufacturing |
Varroc Polymers Pvt Ltd.
Varroc Polymers Pvt Ltd. Specialty StoresRetail Trade Varroc Polymers Pvt Ltd. manufactures and supplies automotive components exterior lighting systems. The company was founded on June 20, 1995 and is headquartered in Aurangabad, India. | Retail Trade |
Tega Mcnally Minerals Ltd.
Tega Mcnally Minerals Ltd. Trucks/Construction/Farm MachineryProducer Manufacturing Part of Nihal Fiscal Services Pvt Ltd., McNally Sayaji Engineering Ltd. is an Indian company that manufactures and markets crushing, screening, grinding & material handling machinery. The company is based in Kolkata, India. McNally Sayaji Engineering was founded in 1943. McNally Sayaji Engineering was acquired by Tega Industries Ltd. from McNally Bharat Engineering Co. Ltd. on March 29, 2023 for $19.94 million. | Producer Manufacturing |
Kedaara Capital Investment Managers Ltd.
Kedaara Capital Investment Managers Ltd. Investment ManagersFinance Kedaara Capital Investment Managers Ltd. is an Independent Private Equity firm founded in 2011 by Manish Santoshkumar Kejriwal, Sunish Sharma and Nishant Sharma. The firm is headquartered in Mumbai. | Finance |
Durovalves India Pvt Ltd.
Durovalves India Pvt Ltd. Auto Parts: OEMProducer Manufacturing Part of ICICI Bank Ltd., Durovalves India Pvt Ltd. is an Indian company that manufactures and supplies parts & accessories for motor vehicles. The private company is based in Aurangabad, India. The company was founded in 1997. The CEO is Tarang Jain. | Producer Manufacturing |
Vigo Consultants Opc Pvt Ltd.
Vigo Consultants Opc Pvt Ltd. Miscellaneous Commercial ServicesCommercial Services Vigo Consultants Opc Pvt Ltd. is a business and management consulting company founded in 2016. The Indian company provides consulting services to businesses. | Commercial Services |
Setco Auto Systems Pvt Ltd.
Setco Auto Systems Pvt Ltd. Other Consumer ServicesConsumer Services Part of Setco Automotive Ltd., Setco Auto Systems Pvt Ltd. is an Indian company that provides automotive services. The company is based in Panchmahal, India. The company was founded in 2010. Sunil Gupta has been the CEO of the company since 2024. Setco Auto Systems was acquired by Setco Automotive Ltd. on March 31, 2021. | Consumer Services |
Synthimed Labs Pvt Ltd.
Synthimed Labs Pvt Ltd. Pharmaceuticals: MajorHealth Technology Synthimed Labs Pvt Ltd. is an Indian pharmaceutical company that manufactures pharmaceuticals, medicinal chemical, and botanical products. The company is based in Manimajra, India, and has subsidiaries in India. It was founded in 2023. | Health Technology |
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