With effect from 1st May 2013, Mr. Deepak Tiwary has been appointed as CEO of Commercial Engineers & Body Builders Co. Ltd. (CEBBCO). CEBBCO is a market leader in design and manufacturing of bodies for commercial vehicles. A resolution to this effect was passed at the company board meeting on 25th April 2013 due to which Tiwary took over as CEO from Mr. Ajay Gupta.
Gupta, who was the full time Director of the company, was also acting as CEO and has recently resigned to pursue other interests. Tiwary, 52, takes over as CEO of a company that has a strong product portfolio and strong relations with other key commercial vehicle players in the country. The company has a total of 6 manufacturing units, four of which are situated in Jabalpur, while there is one in Indore and one in Jamshedpur.
Prior to his appointment at CEBBCO, Tiwary was leading Essar Steel operations in the Middle East. He has been with the company for past 10 years working in various capacities at a variety of locations. He is a result oriented leader with a total of 30 years of experience in business development and operations. His educational qualifications include a Chemical Engineering degree from IIT, Bombay and a post graduate degree in Business Management from XLRI.
Kailash Gupta, Chairman, CEBBCO said, “I am pleased to announce the appointment of Deepak Tiwary as the new CEO. His expertise, business acumen and domain knowledge having worked in diverse sectors will prove very valuable for CEBBCO’s future development and growth strategy. This is Deepak’s second stint with us. There is a huge comfort and confidence in his capabilities. He will provide the stability and right direction for the company. I will continue to provide guidance and support where needed, particularly with key customers and shareholders.”
He added, “CEBBCO is very well positioned on all fronts, with an excellent technical team, quality management at all levels, strong fundamentals, a wide product offering and key customer relationships. We are a focused long term player with a track record of over 40 years. The nature of our business is cyclical but we will keep adding new products and lines of business to sustain the growth momentum. We are a key player in the transport and infrastructure sector of the country. Our business objectives are aligned to the national growth agenda and increased shareholder value. CEBBCO is a market leader with 35-40% share in the Fully Built Vehicle segment (FBV). FBV segment is set to register multi-year growth in the next 5 – 7 years’ time frame. Our forays into replacement, Railways and Power segments will expand growth avenues over the next few years.”