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Hitachi India appoints its 1st Indian MD

By Niranjan Mudholkar,

Added 27 April 2017

Bharat Kaushal, current Chairman in India of Sumitomo Mitsui Banking Corporation, to spearhead Hitachi India

Bharat is an alumnus of Columbia University and Northeastern University. He graduated from St Stephen's College, Delhi.

Speaking on the appointment, Kojin Nakakita said, "The management at Hitachi unanimously believed in the decision of appointing an Indian to lead the company's ambitious and challenging mandate. India is a strategic and emerging market for us.

"Bharat is ideally credentialed to drive Hitachi's Social Innovation Business in India. We feel his experience in promoting cross-border business relationships between Japanese and Indian Government and companies is a unique leverage. We are extremely confident of Bharat's leadership and pioneering vision and I will personally support him in driving our business to achieve unprecedented growth."

Commenting on his new remit, Bharat Kaushal said, "It is a privilege to be entrusted with the responsibility of leading a company with an iconic legacy. I will aim at aggressively expanding Hitachi's Social Innovation Business by building on the core ethos of the company. I look forward to being part of an already winning team and taking Hitachi to new heights by contributing to improvement of customers and the society."

Bharat has over 25 years of industry experience specializing in macroeconomic policy, Government advisory, project finance, debt restructuring and mergers and acquisitions. He is currently a member of the Indo-Japan Task Force (IJTF) set-up by the two Governments and is the Convenor of the Financial Strategy Group to address policy as well as operational level concerns of Japanese Government and private sector institutions pursuing business opportunities in India.

Bharat has worked with SMBC for 20 years. While the greater part of his career has been in investment banking, he also served successful assignments as Strategy Advisor to the India Investment Center, Department of Economic Affairs, Ministry of Finance, Government of India and as part of the Economic Policy Unit of the World Bank in Washington DC.

Bharat is an alumnus of Columbia University, where he pursued a Masters in International Affairs (MIA) and Northeastern University where he secured a Masters in Business Administration (MBA). He graduated from St Stephen's College, Delhi.

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