Kaynes Technology shares gain 3% on key management reshuffle; check all details

Narayanaswamy has been appointed for a term of five years effective from September 24, 2025, to September 23, 2030, subject to the approval of the shareholders, the company informed in a regulatory filing.

Earlier, he held senior leadership roles, including President & COO (India Leader) at Cummins Meritor, VP Operations at TTK LIG (CI Leader for global SSL), and leadership positions at TVS Srichakra and Sundaram Rubber.

Further, the Board of Directors has also approved the redesignation of Ramesh Kunhikannan from Managing Director to Executive Vice Chairman (Whole Time Director) for the remainder of his existing term, effective from September 24, 2025, to March 31, 2029.

"Kunhikannan is the promoter and managing director of our company. "He has been associated with the company since incorporation," Kaynes Tech said in a regulatory filing. "He oversees the management function of the company and, together with the senior management, is responsible for the implementation of strategy in respect of such management function," the statement further said.

Last week, Rajesh Sharma had resigned as the Chief Executive Officer (CEO) of the company to pursue opportunities outside the organisation.

At 11:35 AM, Kaynes Technology shares were trading at ₹7,410 apiece on the National Stock Exchange, gaining 2.32%. Over a month’s time, the stock has zoomed 19%, while for six months’ time, it has climbed over 47%.

However, since the beginning of the year, Kaynes Tech shares have lost 2.3%. Its market capitalisation stands at ₹49,665.98 crore.

Kaynes Technology India Limited is an end-to-end and Internet of Things (IoT) solutions-enabled integrated electronics manufacturer. It is engaged in providing conceptual design, process engineering, integrated manufacturing, and life cycle support for players in the automotive, industrial, aerospace and defence, outer space, nuclear, medical, railway, IoT/information technology (IT) and other segments.

It offers original equipment manufacturer (OEM)-turnkey solutions-box build, OEM-turnkey solutions-printed circuit board assemblies (PCBAs), original design manufacturer (ODM), and product design & engineering and IoT solutions. It offers turnkey electronics manufacturing services for PCBAs, cable harnesses, magnetics, and plastics.