Cyient Ltd.’s stock surged 3% after the company announced the appointment of Sukamal Banerjee as its new Chief Executive Officer (CEO) and Executive Director for a five-year term, effective February 19, 2025. His appointment was approved by the Board of Directors based on the Leadership, Nomination, and Remuneration Committee’s recommendation. The decision is subject to shareholder and regulatory approvals.
Cyient’s shares opened at ₹1,501.00, reaching a high of ₹1,537.05 and a low of ₹1,501.00. The stock remains significantly below its 52-week high of ₹2,190.00 but above its 52-week low of ₹1,295.35.
Who is Sukamal Banerjee?
A seasoned leader in the engineering and technology sector, Banerjee has extensive experience in Digital, Industry 4.0, AI/ML, and global business expansion. He has played a key role in industries such as Communications, Semiconductors, Energy, and Transportation.
Banerjee holds a Bachelor’s degree in Mechanical Engineering and an MBA in Finance & Strategy. His leadership is expected to strengthen Cyient’s engineering and digital solutions portfolio, driving growth and innovation.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
