Lokesh Machines’ Founder M. Lokeswara Rao Steps Down, Srinivas Mullapudi Appointed New MD

Lokesh Machines Limited has redesignated founder Mullapudi Lokeswara Rao as Whole-time Director while Srinivas Mullapudi takes over as Managing Director, both effective December 21, 2026.

Rao has more than 50 years of experience in the machine tools and manufacturing industry. After beginning his career at KCP Limited and spending nearly a decade at Hindustan Machine Tools Limited (HMT), he founded Lokesh Machines Limited. He has held several leadership roles at the Indian Machine Tool Manufacturers’ Association (IMTMA), including President, Chairman of its Southern Regional Council and Executive Committee Member. He also served as Vice President of the Auto Component Association, Hyderabad. He is a Non-Executive Director at MLR Motors Limited and Lokesh Defence Systems Private Limited.

Mullapudi Lokeswara Rao’s son, Srinivas Mullapudi, has more than 30 years of experience working in the machine tools industry. He has been working since completing his MS degree and has been a Whole-time Director at Lokesh Machines Limited for the past 20 years. He holds a BE degree in mechanical engineering from Bharathiar University and has an M.S. degree in manufacturing engineering from the USA.

 

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