Shalimar Paints has appointed Harcharan Singh as the Chief Information Officer (CIO). This appointment aligns with Shalimar Paints' ongoing strategic transformation. The company has been in operation for 120 years and has undertaken various projects in India, beautifying and safeguarding several of India's iconic structures, including the Rashtrapati Bhavan, Howrah Bridge, and Chenab Rail Bridge, among others.
Effective 5th October 2023, Singh's appointment is accompanied by the induction of several other leaders into the Shalimar Paints team. Alongside Harcharan Singh, the company has also brought on board Kuldip Raina as the director of sales and marketing, Sanjeev Gupta as director of research and development, and Rakesh Gupta as director of manufacturing.
The company stated that these leadership additions aim to drive the company towards its transformation strategy objectives. The company is at a point where utilising technology and digital innovation is vital for maintaining market competitiveness and achieving operational excellence.
“We are thrilled to welcome accomplished leaders to our organisation as we continue to forge new paths and broaden our horizons. Their inclusion reinforces our commitment to promoting innovation, fostering operational excellence, and delivering an unparalleled experience to all our customers. These strategic appointments represent a significant stride in moulding the future of our organisation, and we are confident that their contributions will be central in propelling us to new pinnacles of success,” said Ashok Gupta, MD and CEO, Shalimar Paints.
Harcharan Singh brings a wealth of experience to his new role, with a career spanning more than two decades. Before joining Shalimar Paints, Singh held the position of VP-IT at Devyani International. His extensive career has seen him collaborate with several esteemed companies including Blackberry, Devyani International Limited, Alchemist, Care, and the Hyatt Group of Hotels & Resorts, among many others. Whilst the specifics of Singh's strategy as the CIO have not been disclosed, his role is pivotal as Shalimar Paints heightens its emphasis on technological advancements and digital innovations.
Shalimar Paints has also unveiled its plans for a capital expenditure of Rs 200 crore, prioritising three key areas: People, R&D, and Production. Following growth of 38-40% in the previous financial year, the company aims for a 25% year-on-year growth. Shalimar Paints said it is also keen to broaden its product assortment and modernise its production facilities.