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Kedar Apte exits Mahindra as EV charging head
Senior vice-president steps down as EV infra push gathers pace
MUMBAI: Kedar Apte has stepped down from Mahindra Group, where he served as senior vice-president and head of EV charging infrastructure, marking another leadership shift as the company accelerates its electric mobility ambitions.
Apte’s departure brings to a close a two-year stint that saw him move across diverse parts of the business, from tractors to charging grids. He joined Mahindra in 2023 to oversee international operations for its farm equipment division, with full profit and loss responsibility.
A year later, he was handed the reins of the group’s EV charging infrastructure business, a role that sits at the heart of Mahindra’s plans to plug into India’s fast-growing electric vehicle ecosystem. His exit comes at a time when automakers are doubling down on charging networks, widely seen as a key hurdle in driving mass EV adoption.
Reflecting on his tenure, Apte said, “My last three years with Mahindra have been super busy and enriching. From managing farm international business to setting up EV charging, there has never been a dull day.
As I close this chapter of my career next week, I take back a lot of learnings, cherished friendships and tons of great memories.
Thanks to all the leaders for their guidance and support and to all my colleagues for making this stint worthwhile. I start an exciting chapter of my career next week and I can’t wait for the adventure to start.”
Before Mahindra, Apte was chief marketing officer at Jio-bp, a joint venture between Reliance Industries and bp, where he worked at the crossroads of traditional fuel retail and new-age mobility solutions.
Earlier, he spent nearly a decade at Castrol, holding senior roles across marketing and sales, including chief marketing officer for India and the subcontinent, and sales director for markets spanning the Middle East, Pakistan and Egypt.
He began his career at Hindustan Unilever, spending close to ten years rising through the sales ranks, eventually managing a regional business with revenues exceeding Rs 3,000 crore.
While Mahindra has not yet announced a successor, Apte’s exit comes at a pivotal moment, as the race to build reliable charging infrastructure gathers speed and competition in the EV lane intensifies.
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RPSG’s Sudhir Langer exits days before IPL 2026
Timing sharpens focus on stake sale buzz and LSG’s tightening financial playbook
MUMBAI: RPSG ( RP-Sanjiv Goenka) Ventures has sprung a late leadership surprise just as the IPL drumroll begins. Sudhir Langer will step down as whole-time director and from the board effective March 31, days after the 2026 Indian Premier League season kicks off on March 28.
The timing is hard to ignore. RPSG Ventures owns Lucknow Super Giants, and Langer’s exit lands in a narrow pre-tournament window when operational focus is typically at its peak.
The move also coincides with chatter around a potential stake sale. According to a Moneycontrol report, the RPSG Group, led by Sanjiv Goenka, is exploring options to offload up to a 15 per cent stake in the franchise. There has been no official confirmation.
RPSG had acquired the Lucknow franchise in November 2021 for Rs 7,090 crore, among the highest bids in IPL history. The team operates under RPSG Sports Private Limited and carries a sizeable annual franchise fee obligation of Rs 709 crore through FY31.
Financials underline both scale and strain. The franchise remains heavily reliant on central revenue distribution from the Board of Control for Cricket in India. In H1 FY26, it received Rs 399 crore as its share of franchise rights, compared with Rs 458 crore in FY25, the single largest contributor to income.
Total revenue for H1 FY26 stood at Rs 495.9 crore, with profit at Rs 63.7 crore. Yet FY25 saw a softer showing: revenue fell about 20 per cent to Rs 557 crore, weighed down by fewer matches and a lower league finish in the 2024 season. Growth has since been modest, with H1 FY26 revenue rising roughly 3 per cent year on year.
That leaves LSG balancing on a familiar IPL tightrope: strong central inflows, volatile on-field-linked earnings and a hefty fixed fee burden.
With a leadership exit, stake-sale speculation and a new season about to begin, Goenka’s cricket bet is entering a decisive phase—where timing, performance and capital strategy will all have to click.
