The Board of Directors of Olectra Greentech Limited, part of the Megha Engineering and Infrastructures Limited (MEIL) Group, has appointed Venkateswara Pradeep Karumuru as Non-Executive Director and Managing Director for three years.
He previously held the position of non-executive director of the company and he is a civil engineer with over 22 years of experience in business development and execution of projects.
“I feel proud and happy to lead the fastest growing electric bus company in the country. I will continue the growth trajectory to the new leaps. As more and more countries adopting emission-free transportation means, we take part in introducing the most advanced and eco-friendly electric buses in the country,” reports quoted Vijay as having said.
The company posted a profit of Rs 5.65 crore for the first quarter ended June 30, 2021, as against ₹3.62 crore. In Q1 the company registered revenue of ₹41.15 crore, up 86 per cent over ₹22.15 crore in Q1 FY20.