Mr. Chakravarthy played a pivotal role in establishing Bekaert as the market leader for steel tire cord in India, holding nearly a 50 percent share for over 25 years.
Jul 24, 2024
Managing Director for Bekaert India and Vice President for the company’s Middle East and Africa operations, Mr. Srikanth Chakravarthy, resigned after a long career of 26 years.
The founding member of Bekaert India played a pivotal role in establishing Bekaert as the market leader for steel tire cord in India, holding nearly a 50 percent share for over 25 years. The company also established its presence in several other industries of the country during the period, including automotive, energy, construction, agriculture and filtration, owing to the efforts of Mr. Chakravarthy.
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He was instrumental in the establishment of Bekaert India, growing the business from ground zero to over USD 300 million, overseeing the setting up of India’s first tire cord plant, first hose wire plant, first technical center for steel cord & rubber reinforcement solutions, and first engineering center for Bekaert in India, among other expansions.
Widely recognised by Indian tire companies, Mr. Chakravarthy collaborated closely with them for 26 years, supporting India’s transition from less than five percent steel radial tires to the current market share of 60 percent for truck & bus tires and 95 percent for passenger car tires.
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His career at Bekaert spanned various global and regional roles across Europe, the US, and the Middle East, including international sales, global account management, global business strategy, and country and regional management.
Through his long association with Bekaert and with his strong team, Mr. Srikanth Chakravarthy has ensured that India has a high quality reputed wire manufacturer with a successful Make in India strategy.
