Mamata Machinery Announces Leadership Transition as Rajashekar Venkat Elevated to CEO

Mamata Machinery Announces Leadership Transition as Rajashekar Venkat Elevated to CEO​

Mamata Machinery Limited, a prominent global provider of flexible packaging solutions, announced a significant planned transition in its executive leadership today. Mr. Rajashekar Venkat, currently serving as President of the Company, will be elevated to the position of Chief Executive Officer (CEO), ensuring a smooth handover of leadership. The change comes as Mr. Apurva Kane steps down from his role as CEO, effective October 01, 2026.

Mr. Kane, who has been with Mamata Machinery for over 41 years, will retire from the Chief Executive Officer position but will continue his association with the Company in a mentorship capacity. The Board of Directors expressed its sincere gratitude to Mr. Kane for his leadership and contributions throughout his extensive tenure. He led important projects at Mamata during his time and guided the management effectively through these years.

Mr. Rajashekar Venkat has been associated with the Company since May 2025 as President. Bringing over 28 years of experience from capital equipment companies, he possesses deep knowledge and proven leadership gained from previous roles at Kennametal, Markem-Imaje, Mettler Toledo, and Domino Printing. As CEO, Mr. Venkat will guide the Company's operations and drive its strategic priorities forward.

Commenting on the transition, Mr. Apurva Kane stated he was grateful for the opportunity to serve Mamata Machinery over four decades. He expressed pride in the brand and the value created for all stakeholders across global markets in the industry. Mr. Kane looked forward to continuing his association with the Company by supporting the team in his new role.

Mr. Rajashekar Venkat said he thanked Mr. Kane for his mentorship and guidance. Regarding the future, he noted that Mamata holds a strong global legacy and is excited about the road ahead. He added that the Company has considerable potential across its businesses, including both Packaging and RecTech initiatives, stating he looks forward to building upon this foundation with stakeholders and teams.

About the Company​

Mamata Machinery Limited is recognized as a leading global provider of total flexible packaging machinery solutions. Offering a comprehensive range of products, the company operates across the entire value-chain, from co-extrusion to converting and advanced packaging machinery. With more than 35 years in the industry, Mamata has established itself as an engineering enterprise boasting over 5,400 machine installations in 80 countries worldwide. The Company is known for its commitment to technology, quality, and consistent innovation, making it a preferred partner in delivering reliable and efficient solutions to the flexible packaging sector globally.

MAMATA Stock Price Movement​

Mamata Machinery Limited settled today after shedding ₹11.15, which accounted for a 2.73% drop from its previous close, finishing at ₹396.15. The stock managed to reach a low of ₹394.35 during intraday trading and saw a total traded volume of 62,503 shares.