New Delhi: Amit Varadan (IRTS), who is currently serving as Joint Secretary at the Department of Heavy Industry (DHI), has been appointed as part-time Official Director on the Board of HMT Limited, a state-owned PSU under the Ministry of Heavy Industries and Public Enterprises. According to a regulatory filing by HMT Limited to the stock exchanges, Varadan has been appointed to the post with effect from September 1, until further orders. With assumption of the charge of the post, he has replaced Pravin Agrawal.
Amit Varadan’s profile
Varadan is an Indian Railway Traffic Service (IRTS) officer of 1990-batch. He holds a Bachelor's degree in Economics from St Stephen's College and a Master's degree in Economics from Jawaharlal Nehru University. He also holds an MBA from the Faculty of Management Studies, Delhi University. Prior to taking charge as Joint Secretary at DHI, he was Divisional Railway Manager, Secunderabad. Currently, Varadan is also a part-time Official Director on the Board of BHEL.
Varadan joined Indian Railway Traffic Service in August 1990. During his tenure in the Railway Services, he has worked in various wings of the Indian Railways viz., operation, commercial, safety, vigilance, information technology and public relations at various levels in the divisional units (cutting edge of railway operations), in Zonal Headquarters and Railway Board. He has also worked in the Centre for Railway Information Systems (CRIS). Prior to joining Indian Railway Traffic Service, he worked as a Lecturer of Economics in Hindu College, Delhi University.
HMT Limited, formerly Hindustan Machine Tools Limited, is a state-owned holding company under the Ministry of Heavy Industries and Public Enterprises. The company's wholly-owned subsidiaries include HMT Machine Tools Limited and HMT International Limited. In its heyday, HMT Watches was the largest supplier of wristwatches in India. It was closed in 2016, largely due to mismanagement of the company, leading to heavy losses. In the same year, the government also shut down HMT Chinar Watches Ltd., HMT Bearings, and HMT Tractors. HMT Machine Tools Limited still manufactures industrial machines and tools with a workforce of around 2,500 in six manufacturing units situated at Bangalore (Mother unit), Kochi, Hyderabad (2 units), Pinjore and Ajmer. These mostly serve India's defence, government and educational institutions.
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