Nelco Ltd Announces Senior Management Changes; Brajendra Urmalia Appointed Head of Products & Solutions
Nelco Ltd has announced changes in its senior management personnel, including the resignation of Jitender Ahuja and the appointment of Brajendra Urmalia as Vice President and Head of Products & Solutions.Mr. Jitender Ahuja tendered his resignation from the position of Senior Vice President - Products & Solutions, stating that the move was to pursue personal aspirations. The Company accepted his resignation, effective June 30, 2026. Mr. Ahuja previously served at Nelco for five and a half years, during which the organization transitioned from a pure-play geostationary VSAT service provider into a multimedia, multi-orbit managed service provider.
In parallel, Mr. Brajendra Urmalia has been elevated and appointed to serve as Vice President and Head - Products & Solutions. Mr. Urmalia transitions from his previous role as Vice President & Head - Maritime Business and the appointment is effective July 1, 2026.
The management transition details are summarized below:
| Personnel | Previous Role | New/Cessation Role | Effective Date |
|---|---|---|---|
| Jitender Ahuja | Senior Vice President - Products & Solutions | Resigned | June 30, 2026 |
| Brajendra Urmalia | Vice President & Head - Maritime Business | Vice President & Head - Products & Solutions | July 1, 2026 |
Mr. Urmalia brings over 25 years of professional experience to the role, including approximately 22 years with Nelco Limited. He previously led the Company's Maritime Business unit, where he successfully drove strategic growth and executed complex projects. His contributions to the company include expanding enterprise presence across Banking, Oil Retail, and ATM networks, securing large-scale strategic tenders, pioneering early-stage M2M solutions, supporting emerging areas such as cloud and colocation, and engaging with regulators, including contributing to IFMC policy development.
NELCO Stock Price Movement
Shares of NELCO Limited slipped today, settling at ₹880.75 after shedding 4.77% from the previous close. The stock saw a high trading activity during the session, recording a total volume of 483,564 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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