Hot Pursuit     15-Sep-23
Schneider Electric rises on appointing Udai Singh as MD & CEO
Schneider Electric Infrastructure added 2.14% to Rs 349.15 after its board has approved the appointment of Udai Singh as managing director (MD) & chief executive officer (CEO) of the company for three years with effect from 15 September 2023.
Singh holds a bachelor' degree in electrical engineering from IIT Varanasi and has undertaken various leadership programs at Ross Business school & INSEAD.

Over the last 30 years, he has held various roles in the areas of sales, marketing, projects & contract management, and manufacturing operations. Prior to his current role as electrical systems equipment (ESE) - BU VP, Singh was heading sales & after sales for India, SAARC & Africa along with key account management.

Currently, Singh has a seat in the Switchgear MV/HV committee of IEEMA (Indian Electrical and Electronics Manufacturers Association) as Chairman.

Schneider Electric Infrastructure is a leading the digital transformation of energy management and automation for its customers. The company makes it possible for IoT (Internet of Things) - enabled solutions to seamlessly connect, collect, analyse and act on data from its equipment/assets in real-time, delivering enhanced safety, efficiency, reliability, and sustainability.

The company's consolidated net profit surged 151.4% to Rs 34.92 crore as compared with Rs 13.89 crore in Q1 FY23. Revenue from operations jumped 33.3% to Rs 495.25 crore in Q1 FY24 as compared with Rs 371.48 crore posted in same quarter last year.

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