Panasonic Life Solutions India announced that in line with the company’s superannuation policy, Vivek Sharma, the company’s Managing Director, will step down from the operational leadership on September 30, 2020.
Sharma with his commitment to excellence and inimitable leadership style, has led Panasonic Life Solutions India (PLSIND) to great success, an official release from PLSIND said.
Under his leadership the company has had a tremendous growth journey over the last three years. PLSIND’s revenue grew from Rs.22.9 billion in 2016-17 to approximately Rs.33.9 billion in 2019-20.
This helped PLSIND emerge as the fastest growing Indian Fast Moving Electrical Goods (FMEG) company, both in terms of sales and profitability. A reflection of this stellar performance was when, earlier this year, Forbes magazine rated Anchor as the No. 1 FMEG brand in the country.
Vivek Sharma, Managing Director, Panasonic Life Solutions India, said that, “These last three years have been a journey of immense satisfaction. It is a befitting way to end a career spanning overthree and a half decades. I have had the privilege of working in the FMEG/FMCD industry for more than 35 years and leading Panasonic Life Solutions India has been the highlight of my career. It has been a pleasure partnering all the stakeholders both internal and external to re-invent the Company and set it on higher growth trajectory by focusing on the employees and the consumers while enhancing skills and competencies across the stakeholder spectrum.”
It was during Sharma’s tenure that the company took certain far reaching and path breaking initiatives, like moving from a dealer driven channel to a multi-channel, distributor led GTM strategy that also included a strong participation in alternate channels like E-com, MFR, Exclusive Brand Outlets, etc. This was preceded not only by the setting up of separate sales teams for B2C and B2B/B2G segments, but also introducing exclusive business verticals for the Power, Lighting and Indoor Air Quality businesses, the release noted.
Currently, the company, with six manufacturing units at four locations in India, offers a wide spectrum of electrical solutions in consumer products ranging from wires & cables, lighting, solar power, wiring devices, switchgears, infrastructure and indoor air quality (IAQ).
The brand’s presence in markets across the country was also strengthened with a robust retail strategy, straddling over 500 tiers 1-5 markets in India.
With an outstanding career spanning over 35 years, Sharma is considered an industry expert. He has honed his iconic skills at speedily ramping up operations and nurturing them into sustainable, profitable and strong businesses. Sharma is an effective coach, trainer and public speaker having made his presence felt, through lectures and presentations, at various prominent educational institutions and industry platforms, the release added.
