Ms. Rashmi Urdhwareshe and Mr. Anish Agarwal bring unmatched expertise to foster innovation and success.
India, 2nd February 2024 – Sterling Tools Limited (BSE: 530759) (NSE: STERTOOLS), the second-largest automotive fastener manufacturer in the country, and its wholly-owned subsidiary, Sterling Gtake E-Mobility Ltd., the largest MCU manufacturer and supplier to the EV industry in India, announced the appointment of Ms. Rashmi Urdhwareshe as an Independent Director and Mr. Anish Agarwal as a Non-Executive & Non-Independent Director.
Ms. Rashmi Urdhwareshe, a highly accomplished individual with a master’s degree in E&TC, boasts over 40 years of extensive experience in the automotive domain. Her expertise spans vehicular safety, air quality, R&D, E-mobility, and green technologies. Former Director at the Automotive Research Association of India (ARAI), she played a key role in establishing critical facilities, including the Center of Excellence in E-Mobility and the Homologation & Technology Centre. Recognized for her outstanding contributions, she has received prestigious awards, including the Nari Shakti Puraskar 2019, presented by the Hon’ble President of India.
Mr. Anish Agarwal, a third-generation entrepreneur with degrees from the University of Warwick and Imperial College Business School, London, brings a wealth of expertise in developing and manufacturing automotive products. As a Director and Board observer in Sterling Gtake E-Mobility Limited, he oversees new initiatives at Sterling Tools Limited. Additionally, Mr. Agarwal serves as a Director on the Board of Sheeva Connected India Private Limited, engaged in vehicle commerce and monetization, and also serves as a Director of Sterling Automobiles, a reputable car dealership in Delhi NCR.
Mr. Atul Aggarwal, Whole Time Director of Sterling Tools Limited, commented on the appointments, stating, “The appointment of Ms. Rashmi Urdhwareshe and Mr. Anish Agarwal is set to expedite the company’s pursuit of innovation and expansion. Their extensive expertise is poised to fortify the company’s strategic objectives, ensuring continued success in this burgeoning sector. Their visionary leadership seamlessly aligns with our commitment to innovation, reinforcing our readiness for sustained growth in the automotive ecosystem.”
About Sterling Tools Limited:
Incorporated in 1979, Sterling Tools Limited manufactures high tensile and premier cold-forged hi-tensile fasteners catering to the passenger cars, two-wheelers, commercial vehicles, agri-equipment, and construction equipment segments. As a dynamic company, Sterling Tools Limited has also ventured into sunrise sectors such as electric vehicles (EV’s) to ensure robust value creation for its stakeholders. The client portfolio comprises leading OEMs in the domestic and international markets.