New Delhi: Pursuant to his appointment as Chairman & Managing Director (CMD) of Bharat Heavy Electricals Limited (BHEL), Koppu Sadashiv Murthy has assumed charge as CMD of the public sector engineering and manufacturing Enterprise, in New Delhi on Wednesday.
Prior to this, Murthy was the Executive Director of the Corporate Operations Management group at BHEL, and also simultaneously held additional charge of Chairman and Managing Director of Bharat Pumps and Compressors Limited (BPCL).
An Electrical Engineering graduate from Bhopal University with an MBA in Finance, Murthy joined BHEL in 1989 at its Jhansi manufacturing unit - a transformer & locomotive manufacturing hub. During his 34 years of years of wide-ranging and hands-on experience in BHEL’s Corporate Office and in various manufacturing units such as Hyderabad, Bhopal, Jhansi, and Varanasi, Murthy has developed a comprehensive set of competencies in strategic, operational, project and commercial management.
Murthy's career is marked by a strong track record of consistently delivering revenue and profitability coupled with expert resource optimisation. As Head of corporate operations management at Delhi, Murthy played a vital role in turning the company profitable in FY 2022-23 and FY 2021-22 after two years of losses, fostering a project-centric culture.
While heading BHEL’s Varanasi manufacturing unit, he successfully led all aspects of the unit's portfolio and despite the challenges posed by the partial closure/lockdown of the factory during COVID, achieved remarkable results in FY 2020-21, with a Profit Before Tax of over 25 percent of revenue, a historically low inventory level and a cash surplus.
"As CMD, BPCL, his exceptional skills in building robust stakeholder relationships drove mutually beneficial outcomes of monetisation of assets to the tune of Rs 80 Crore, and resolution of long-pending payment and contractual issues with customers, contractors and suppliers.
Murthy envisions a future where BHEL excels in delivering high-quality equipment, ensures on-time EPC execution, and plays a pivotal role in contributing to India's growth. His capacity as a proven team leader and his ability to channelise diverse perspectives towards common goals will propel the company to greater heights in the coming years.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)