India Motor -Parts and Accessories announced on Friday that it has appointed Mukund’s Raghavan as director of the company for a period of five years with effect from 5 July 2025, according to an exchange application.
Raghavan was included in the board in February 2019 as an executive director and deployed in 2022 as deputy director. He has more than 28 years of experience in the automotive after market company.
His appointment as MD is the result of the current MD N Krishnan of the company. Krishnan, who has served as MD for more than 2 decades, will now take the position of a director and a long time director of the company for a period of three years from July 5, 2025.
He was recorded on the board in July 1997 as deputy director and was appointed director in 1999. Has more than 4 decades of experience in OE sales and management of distribution after the market for market car parts.
India Motor Parts and accessories has a stand -alone turnover of £ 189 crore in Q4FY25 compared to £ 179 crore in the period of the year ago. For the entire year, sales grew by 6.5 percent yoj to £ 789 crore.
The company has recommended a dividend of £ 20 per own share of £ 10/- each (200 percent) for the 2024-25 financial year on paid capital of £ 12.48 crores, subject to approval of shareholders on the next 71st annual General Meeting (AGM). The dividend, if approved by the shareholders, is paid on or before August 21, 2025.
Published on May 16, 2025
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