Castrol India Reappoints Rakesh Makhija as Independent Director

The Board of Directors of Castrol India Limited has approved the reappointment of Rakesh Makhija as an Independent Director for five years, with effect from October 1, 2024. Subject to the approval of shareholders.

Makhija has served as an Independent Director on the Board of Axis Bank since 2015 and as the Non-Executive Chairman of Axis Bank since July 2019. He also sits on the Board of A.Treds Limited, a subsidiary of Axis Bank.

Makhija has made significant contributions to the industrial and technology sectors globally and in India. Within the SKF group, he held various positions. Previously, he served as President of SKF Asia, overseeing operations in China and India from Shanghai, and as Managing Director of SKF India from 2002 to 2009. He received the prestigious CNBC Business Leader Award for Talent Management in 2007. Before his tenure at SKF, he was the CEO and MD of Tata Honeywell, later becoming Country Manager and MD of Honeywell International for South Asia. Prior to that, he spent over eight years at Kinetics Technology International BV (now Technip) in the Netherlands. He holds a degree in chemical engineering from the Indian Institute of Technology (IIT), Delhi.