Lumax Auto Technologies Limited has announced the appointment of Parag Shah as an Independent Director on its board. Shah is the Founder and Partner of Amara Partners, a mid-market private equity fund, bringing with him a wealth of experience in business development and strategic management. With a career spanning over 25 years, Shah has held various significant positions within the Mahindra Group, culminating in his role as a Member of the Group Executive Board.
Shah currently serves as a director on the boards of several companies, including Mahindra Accelo, Mahindra Waste to Energy, The Indian and Eastern Engineer Company, MME (Sharjah), Global Chess League (Geneva), and PSL Media and Communication. Additionally, he is an Independent Director on the board of HDFC AMC Ltd.
Educationally, Shah holds a BS Degree in Computer Engineering from the Illinois Institute of Technology, with special electives in Psychology and Manufacturing Technology. He is also a graduate of the General Management Program from Harvard Business School. His leadership skills have been recognised by Economic Times and Spencer Stuart, naming him one of India’s Top 40 Business Leaders under the age of 40. India Today also featured him as a ‘Leader of Tomorrow’ in their anniversary issue.
Anmol Jain, Managing Director of Lumax Auto Technologies, stated “We are delighted to welcome Shah as our Independent Director. His extensive strategic experience, combined with deep insights into business transformation, joint ventures, mergers, and acquisitions, will help drive growth and innovation at Lumax.”
Deepak Jain, Director of Lumax Auto Technologies, echoed this sentiment, added “His experience in understanding large and complex businesses, along with managing talent and growth, will help Lumax achieve its aspirations. His diverse industry experience across manufacturing, logistics, retail, consulting, and healthcare will enable him to offer unique perspectives and insights.”
In response to his appointment, Shah commented, “It is my pleasure and privilege to join the Lumax Auto Technologies board. The company has been a leader in the auto ancillary industry for several decades, and I am confident they will continue to maintain their pole position with their recent investments in technology and partnerships.”
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