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His unassuming demeanour can disarm a business journalist, more used to seeing young inheritors of large family businesses wear their power on their sleeve, writes Latha Venkatesh
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Speaking on Moneycontrol’s series Latha & The Leaders, the young vice-chairman revealed his huge ambitions for the group
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India and the world are short on power, what with the growth in data centres and AI. RPG Groyp's flagship KEC International is ideally placed with its expertise in T&D construction, RPG's Vice Chairman, Anant Goenka tells @latha_venkatesh; He sees the newly acquired Camso & the legacy Ceat to grow faster than industry
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Goenka also shared the group’s strategy to leverage key economic trends, including the 'China + 1' shift towards India
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In his new role, Anant Goenka will lead the next stage of the group's expansion, overseeing strategy, sustainability, digital initiatives, and innovation across the group.
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Anant Goenka has been elevated to the rank of Vice Chairman of CEAT Ltd.
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The unprecedented lockdown following Covid-19 has prompted CEAT to rework its expenditure strategy, which is paying off, says MD
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Tyre maker Ceat posted weak set of numbers in the third quarter with single digit margins for the first time in at least eight quarters. Company‘s Chief, Anant Goenka said higher commodity prices and demonetisation impacted the margins.
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Watch the success story of Ceat with Managing Director Anant Goenka and Sandeep Uppal from HSBC.
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Tyre maker Ceat today posted 1.55
per cent increase in consolidated net profit at Rs 106.92
crore for the second quarter ended September 30.
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Ceat yesterday reported 17.38 percent decline in consolidated net profit to Rs 93.07 crore.
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The company has passed on price cut of 8-9 percent to its consumers, and has increased ad expenditure 70 -80 percent year-on-year. This is what has impacted CEAT's margins, says Anant Goenka, MD, CEAT.
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Ishan Kishan will join the likes of Suresh Raina and Rohit Sharma who have already been signed up by the company.
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"Given the strong growth potential in the OTR (Off the road) sector and its synergy with Ceat capabilities, we have taken a strategic decision to increase our focus there," Ceat Ltd Managing Director Anant Goenka said.
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Sharma, who is the first player to score two double- centuries in the history ODIs, will now be seen playing with a bat displaying Ceat insignia in all formats of the game, the company said in a statement.
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The company had posted a net profit of Rs 82.35 crore during the same period of previous fiscal. However, net sales of the company declined to Rs 1,399.99 crore for July-September quarter as compared to Rs 1,425.76 crore in the same period of previous fiscal.
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Decoding Business Growth jointly hosted by CNBC-TV18 and ICICI Securities takes a close look at the Ceat story on how changing strategies with change in generations has made the company more durable and stronger.
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The company is planning a two-wheeler expansion in Nagpur, adding almost 10 lakh tyres per month.
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"CEAT, the leading Indian tyre manufacturer, has commenced an association with the BCCI by becoming the Strategic Timeout Partner for the Pepsi IPL," the BCCI said in a statement.
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Tyre maker Ceat today reported an increase of 32.50 percent in its standalone net profit to Rs 80.63 crore for the third quarter ended December 31, 2014.
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The company has ambitious plans for doubling their two-wheeler tyre capacity in Nagpur from 10 lakhs to 23 lakh tyres in two years, said Anant Goenka, MD, Ceat.
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Exports saw some tough competition from China and as a percentage of revenue it stood at 20 percent, Ceat managing director Anant Goenka says.
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Ceat has plans to invest around Rs 300 crore in the Bangladesh project, while some portion of the raised capital would also be put in the Halol plant, which is currently undergoing expansion.
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Situated in the north-east part of the city, CEAT's Bhandup plant is the oldest manufacturing unit of the company and has a 250 metric tonnes a day capacity. It rolls out farm, truck and OTR tyres.
