On October 17, Nirmal Kumar Minda, the Executive Chairman of Uno Minda Group, assumed the role of President of the Associated Chambers of Commerce and Industry of India (Assocham). Alongside him, Amitabh Chaudhry, Managing Director & CEO of Axis Bank, has been named as the Senior Vice‑President of Assocham, though his appointment is subject to RBI approval.
Profiles & Prior Roles
Nirmal Kumar Minda
- Minda has been a prominent figure in the auto component industry for over five decades.
- He has been credited with shaping supply chains in the sector and placing innovation at the core of his group’s strategies.
- His leadership style is noted for being customer‑centric and people‑oriented.
- Under his guidance, Uno Minda has grown into a global operation with a wide product portfolio.
- He has also held leadership positions in industry bodies such as ACMA (Automotive Component Manufacturers Association of India).
Amitabh Chaudhry
- Chaudhry brings deep experience from the banking and financial services sector. As the MD & CEO of Axis Bank, he has led the institution through phases of digital expansion, operational growth, and increased customer focus.
- If his Assocham appointment is approved, it will mark his entry into a leading role in industry advocacy.
Significance & Implications
- This leadership change signals an alignment of manufacturing and finance domains in Assocham’s future direction, leveraging Minda’s strength in industry and Chaudhry’s in financial systems.
- Chaudhry’s appointment being subject to RBI approval underscores the regulatory sensitivity associated with roles that cross into industry bodies from regulated sectors.
- Given Minda’s reputation for innovation and adaptation, the chamber may place added emphasis on technology, competitiveness, and supply chain resilience in its advocacy going forward.
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