Sterling Tools revamps leadership, eyes innovation and new verticals - Manufacturing Today India

Sterling Tools Ltd (STL) is embarking on a strategic leadership realignment to foster innovation and penetrate new markets. Anil Aggarwal transitions from his dual role of Chairman and Managing Director to take on the mantle of Chairman and Whole-time Director, ensuring his ongoing mentorship within the company.

Atul Aggarwal steps into the role of Managing Director, with a mandate to guide STL’s expansion and innovation, especially in the burgeoning sectors of electric vehicles and sustainable technologies. Akhill Aggarwal comes on board as a Whole-time Director, dedicated to driving sales and business development efforts to bolster STL’s market position and profitability.

In a move to strengthen its governance, STL welcomes Sanjiv Garg and Vijay Madhav Paradkar as Independent Directors, adding their seasoned insights to the board’s capabilities. Atul Aggarwal highlights the importance of these strategic appointments in propelling STL towards operational excellence and innovation, in sync with STL’s vision to be a frontrunner in both the fasteners and electric vehicle segments. Anil Aggarwal reaffirms STL’s ascent as a key player in the EV components industry and accentuates the pivotal role of Atul’s promotion in this evolutionary phase, reflecting the company’s forward-looking succession strategy.