Gabriel India Ltd. Announces Key Appointments and Re-designations of Leadership

Gabriel India Ltd. Announces Key Appointments and Re-designations of Leadership​

Gabriel India Limited has formalized significant changes in its management structure, approving the appointment and re-designation of key personnel, effective from July 21, 2026. The Board of Directors confirmed the appointments based on committee recommendations, subject to member approval at the ensuing Annual General Meeting.

Mr. Mahendra K. Goyal has been appointed as Executive Director of Gabriel India Ltd., and he will serve as Group Chief Executive Officer and Managing Director (Group CEO & MD). This appointment is set for a term of five consecutive years, running from July 21, 2026, until July 20, 2031.

The company has also confirmed the re-designation and variation in terms of Mr. Atul Jaggi's appointment. He will serve as Managing Director (Ride Control) from July 21, 2026, until October 17, 2029. This tenure follows a prior approval by members on January 15, 2025.

Leadership Details: Mahendra K. Goyal and Atul Jaggi​

The appointments reflect extensive experience from both executives within the organization and the wider ANAND Group structure. Mr. Goyal, who is a Chartered Accountant, Company Secretary, and Cost Accountant holding an Advanced Management Programme from the University of Oxford, was previously associated with the ANAND Group since July 1995. He assumed the role of Group CEO in October 2024 and oversees corporate functions and strategic relationships across various joint ventures and business partners within the Group.

Mr. Goyal is designated as a Key Managerial Personnel (KMP) and is responsible for the overall supervision of Gabriel India Ltd. across all its business segments, including Joint Ventures, Subsidiaries, and Associates companies. His leadership journey includes serving as Group CFO in 2009 and later transitioning into broader business leadership roles after organizational restructuring in 2021.

Mr. Atul Jaggi is a seasoned professional with 25 years of experience spanning core functions such as Maintenance, Supplier Development, Corporate Quality, and Manufacturing Excellence. He holds degrees including a Bachelor's degree in mechanical engineering from the Thapar Institute of Engineering and Technology and completed an Advanced Management Program at MIT Sloan School of Management.

Table below summarizes key details regarding both management appointments:

Brief Profiles​

Mahendra K. Goyal: As a finance professional by qualification, Mr. Goyal has served in various finance leadership roles within the ANAND Group. He has been instrumental in corporate governance and financial systems for several years. Reporting to Group Chairperson Mrs. Anjali Singh, he directly oversees Gabriel India, Dana Anand India, HL Mando Anand India, MAHLE ANAND Filter Systems, MAHLE ANAND Thermal Systems, and Valeo Friction Materials as Chairman or Board Member.

Atul Jaggi: Mr. Jaggi is a certified Six Sigma Black Belt and has held previous roles such as Deputy Managing Director of Gabriel India Limited. He has successfully driven significant growth in Gabriel India's TWBU and CVBU divisions, while also contributing to various initiatives within the Anand Group Quality Council.

GABRIEL Stock Price Movement​

Gabriel India Limited’s stock settled at ₹1488.5 today after surging 8.02%, fueled by strong investor conviction in the Auto Components sector. The company managed to hit its 52-week high, finishing a volatile session that saw it trade above the daily low of ₹1402.5 on a volume of 2.66 million shares.