New Delhi: Rahul Mithal, who is currently serving as Chairman & Managing Director (CMD) of RITES Limited, has been appointed as Chief Executive Officer (CEO) of the company, RITES said in a regulatory filing to the stock exchanges on Friday. The decision to appoint Mithal as CEO of RITES was taken by its Board of Directors in their meeting held on November 11. Mithal has been serving as the CMD of RITES Limited since October 7 this year.
Mithal is an Indian Railways Service of Mechanical Engineers (SCRA 1985-batch) officer. He has had a long stint of more than 20 years with the Indian Railways during which he has held various key positions. He has wide exposure to various aspects of design and maintenance of rolling stock and handling equipment and has held various key assignments of operations and maintenance in the Railways.
In the last six years in CONCOR, Mithal has been closely associated with the planning, execution and monitoring of various mega projects and has played a key role in drafting the Strategic Plan: Vision 2020 of the company. He also holds the additional qualification of MBA (Finance) from Jamnalal Bajaj Institute of Management Studies, Mumbai, and is a Fellow of the Institution of Mechanical Engineers (UK) and a Chartered Engineer registered with the Engineering Council (UK).
RITES Limited is a miniratna PSU under the Ministry of Railways. It is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company has experience spanning 46 years and has undertaken projects in over 55 countries, including Asia, Africa, Latin America, South America and Middle East regions. RITES Limited is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia).
(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.)