Parag Satpute is country manager of Sandvik India
Sandvik Asia, the Indian arm of the Swedish mining & construction company Sandvik Smith AB, has appointed Parag Satpute as the new country manager for India. He replaces Ajay Sambrani, who quit the firm.
An MBA from Warwick Business School, UK with a bachelor’s degree in Mechanical Engineering from Pune University, Satpute has held several leadership positions within Sandvik Materials Technology, including head of product area wire and heating technology and regional sales; he has also been marketing manager for product area strip at EMEA as well as global sales and marketing manager for die-cutting.
Sandvik is now on its next phase of growth in India and is looking to ramp up its production and market penetration in the country. It has recently acquired 50 acres of land to set up a multi-nodal manufacturing facility at Chakan Industrial Area, which is part of the Maharashtra Industrial Development Corporation (MIDC) Industrial Park, near Pune.
Recently, Sandvik also announced the setting up of a group R&D centre at Pune.
In the next four years, Sandvik plans to ramp up the R&D team to a group of 90-100 engineers and scientists.
Sandvik started its operations in Pune in 1960, becoming the group’s maiden venture in the Asian continent. India is one of the few countries where all of Sandvik’s units have a presence.