The JCB Group, a leading
manufacturer of earthmoving and construction equipment in India, has appointed Deepak Shetty, 48 years, as Deputy CEO
and Managing Director of JCB India Limited.
Shetty has been with JCB
for over 10 years in various leadership roles. He makes this transition after
having serving as Executive Vice President-Sales, Marketing, Product Support
and Business Development for India and the South Asia region for the company; a
role he held for two years. Prior to this he was the Managing Director of JCB’s
Global Excavator business in the UK for four years.
Beginning next year, Deepak
will take over as MD and CEO from Subir Kumar Chowdhury, 61 years, who has announced
his retirement after his 15-year stint with JCB India. Chowdhury has played a
significant part in JCB India’s growth journey, expanding from one factory to
Commenting on the
appointment, Graeme Macdonald, CEO, JCB
Group expressed, “India continues to be an important market for the Group.
As part of our succession planning, we are pleased to appoint Deepak in this
very challenging role. His experience in various leadership positions in India
and the UK, will help JCB India enter a strong and sustained phase of growth in
the Indian construction equipment market. On behalf of the JCB Group, I wish
Subir well for his retirement at the end of this year”
The company started as a joint venture in 1979 and
is now a fully owned subsidiary of JC Bamford Excavators, United Kingdom. With
five state-of-the-art factories in India at Delhi-NCR, Pune and Jaipur, the
company is an embodiment of the ‘Make in India’ programme. Its Jaipur factory
is also a gender diverse facility with over 30 per cent of the employees on the
shop floor being women.
The company today manufactures over 60 products in
eight categories. These made in India products are not only sold in the
domestic market but have been exported to more than 110 countries. It has the
largest design centre outside of the UK in Pune where it develops exciting new
technologies for the future.
JCB has pioneered in the area of Digital and
Advanced Telematics in the industry through the introduction of LiveLink which
uses IoT and Big Data for better work-site management through real-time alerts
and equipment monitoring.
JCB India has the widest dealer network in the Indian construction equipment
industry with over 60 dealers and 700 outlets for world-class product support.
The company supports the communities it operates in
through various CSR activities in the areas of Education, Health, Art and
Last year, JCB also laid the foundation stone for its
factory in India. India has been JCB’s biggest single market since 2007.