Shantanu Roy to become new CMD of BEML Limited

Shantanu Roy recommended as the next CMD of BEML Limited

Shantanu Roy has been recommended as the next Chairman and Managing Director (CMD) of BEML Limited, a Miniratna PSU under the Ministry of Defence. The Public Enterprises Selection Board (PESB) panel selected him for the position from a list of three candidates, all of whom were from BEML Limited. Roy is presently serving as Director (Mining & Construction Business) in the same organization and has over 30 years of extensive experience in capital goods sectors for defense, mining & construction, transportation, transmission, renewable, and large power projects.

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Roy’s experience and qualifications

Roy holds a graduate degree in electrical engineering from NIT-Raipur and an MBA in Financial Management. He has served as Executive Director of BEML Limited, responsible for the international business division, strategy & new initiatives, coordination, and northern region operations, before assuming his current position in February 2023. As a six sigma black belt certified professional, he is well-versed in various models of project financing, mechanisms and processes for financial closure of large projects, international laws, arbitration rules, international legal & arbitration cases, and statutory & legal compliances.