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Aequs inducts two industry veterans to expand board

Jul 20, 2021
Aequs inducts two industry veterans to expand board

Two industry veterans have been inducted by Aequs which is a diversified contract manufacturing company. It is India’s first aerospace focused SEZ which has recently expanded its manufacturing ecosystems.

Klaus Richter, President, Diehl Stiftung GmbH & Co, has bought a deep understanding and experience in global supply chains to the Aequs Board. He gave critical expertise during the time of pandemic when it was needed for the supply chain players to rapidly adjust to a new normal with changing customer expectations and geopolitical situations.

Another great personality, Shubhada M Rao, Founder, lead research house QuantEco brings her insights into the banking, financial markets, and risk management to the board. Her knowledge helps the board to make informed decisions related to investment options and resource management. As Aequs enters into the consumer durable goods sector, her expertise and knowledge of the Indian economy will be critical.

As per Aravind Melligeri, Chairman & CEO, the company is pleased to welcome both Klaus and Shubhada as new independent directors to the Aequs board. He feels that these two will be big assets for the company as the company will expand its manufacturing ecosystem to other sectors.

Other than this, the company is founding two additional ecosystems, the Koppal Toy Manufacturing Cluster (KTC), and the Consumer Durable Goods Manufacturing Cluster (HDC), at Hubballi.

Source – Press release of "Aequs"

Image Source: Press release of "Aequs"

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