ZF India Appoints Paramjit Chadha as New MD

03 Jul 2025 CW Team

ZF Commercial Vehicle Control Systems India Ltd has appointed Paramjit Singh Chadha as its new Managing Director. With a career spanning nearly four decades in the automotive industry, Chadha brings deep sectoral knowledge and leadership experience to his new role.

He began his professional journey with Maruti Suzuki and has since held senior roles in several leading automotive and component firms, including Kalyani Brakes, Bosch Chassis Systems, Continental Brakes, and Knorr-Bremse. His core expertise lies in safety-critical vehicle components, particularly brake systems, across various segments.

In addition to his industry leadership, Chadha has led numerous initiatives in ESG, manufacturing excellence, and digitalisation within the ADM Group, strengthening operational performance and sustainability across functions.

Prof Dr Peter Laier, Member of the Board of Management, ZF Group, praised the contribution of outgoing MD P Kaniappan, saying, “His leadership and strategic vision have been instrumental in ZF’s success in India. We are now pleased to welcome Paramjit, whose experience and capabilities will be a great asset to the company.”

Akash Passey, President, ZF Group India, added, “Paramjit’s understanding of the regional automotive ecosystem will support the growth of our commercial vehicle business. We also sincerely thank P Kaniappan for his exceptional service and foundational work in establishing ZF’s strong presence in India.”

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..