MAM
Elcoteq launches Indian manufacturing facility
BANGALORE: India’s software capital notched up another first today with the inauguration of Finland-based Elcoteq Network Corporation’s manufacturing facility for mobile phones and communications network equipment.
With this, Elcoteq becomes the first global company to manufacture telecommunications equipment in India.
Union minister of communications & information technology Dayanidhi Maran inaugurated the facility. Elcoteq’s Bangalore facility will employ approximately 1,000 people when fully operational and provide products for global customers operating in India as well as the Asia Pacific region. The facility was completed in a record time of nine months.
Elcoteq is the first high-volume electronics manufacturing services company in India for global communications technology customers. The products manufactured in Bangalore include terminal products like mobile phones and communications network equipment.
The inauguration heralds the emergence of electronics manufacturing services in India and signals India’s firm intention in establishing itself as a global telecommunications-manufacturing hub.
Brands
Safex Group appoints Richa Malhotra as group chief financial officer
Former Standard Chartered executive to steer finance
NEW DELHI: Safex Chemicals has appointed Richa Malhotra as group chief financial officer, strengthening its leadership team as the company prepares for the next phase of expansion in specialty chemicals and global agrochemicals.
In her new role, Malhotra will lead the group’s financial strategy, capital architecture and governance framework as Safex scales operations across multiple verticals including branded formulations, specialty chemicals and contract manufacturing.
A chartered accountant and graduate of Shri Ram College of Commerce, University of Delhi, Malhotra brings more than two decades of experience in business finance, strategic planning, corporate banking and client management.
Before joining Safex, she served as executive director, financial markets at Standard Chartered, where she led teams across India and Sri Lanka and worked closely with large corporates, global subsidiaries and commercial banking clients. Her expertise includes capital structuring, treasury operations, risk management and financial markets led financing solutions.
Safex Group promoter director and joint managing director Piyush Jindal, said the appointment comes at a pivotal time for the company. “Safex stands at an inflection point as we build an integrated platform across branded formulations, specialty chemicals and contract manufacturing. Richa’s experience across global financial institutions will strengthen our financial discipline and help unlock value across the group,” he said.
Malhotra said she was looking forward to contributing to the company’s next chapter of growth. “Safex has built a strong reputation over 35 years with its focus on integrity, innovation and agricultural insight. I am excited to be part of the organisation as it expands its footprint in India and global markets,” she said.
The appointment comes as Safex continues to strengthen its financial foundations and scale operations internationally, positioning itself for future growth milestones.
