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    500530   INE323A01026


End-of-day quote. End-of-day quote Bombay Stock Exchange - 11/26
16056.3 INR   -4.74%
11/22Indian shares decline as Reliance drags; Paytm slides
11/18Caliber Collision and Bosch Announce Diagnostic Scanning Collaboration
11/15Bosch CFO Retires
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Bosch : Robert Bosch Engineering and Business Solutions appoints Dattatri Salagame as the new President and Managing Director

01/04/2021 | 08:05am EST

Digital innovation veteran to strengthen RBEI's position as a connected-technology company.

Bengaluru. Dattatri Salagame has been appointed as the new President and Managing Director of RBEI. In his current role, Dattatri will drive the global strategy of RBEI, the largest software, and technology center of Bosch, outside of Germany. In a decade that is seen to be dominated by software and technology, Dattatri's priority is to strengthen the position of RBEI as a Digital transformation partner Dattatri Salagame assumed leadership in the begining of April, 2020. He has been a Boschler for 24 years, handling diverse roles in India and in Germany.

On his appointment, Mr. Dattatri Salagame, said, 'I am excited to embark on this new journey at RBEI and look forward to leading the organization into the connected world, with the unique competency we have, derived from both our Bosch parentage and unique India strengths.'

Datta, an engineer by education, spent his first two decades in the industry in the field of engineering software development in the automotive and industrial domain. His leadership role in the recent past centered around driving innovation and establishing new lines of business. As head of strategy for Bosch in India, he established the Bosch start-up engagement program, D.N.A (Discover, Nurture, Align), in India. In his last role, Datta was heading the digital business at RBEI, helping customers and partners in their digital journey.

Datta is married, and has two daughters. His hobbies include fitness, sports, reading and travel.

About RBEI: Robert Bosch Engineering and Business Solutions Private Limited is a 100% owned subsidiary of Robert Bosch GmbH, one of the world's leading global supplier of technology and services, offering end-to-end Engineering, IT and Business Solutions. With over 19,500 associates, it's the largest software development center of Bosch, outside Germany, indicating that it's the Technology Powerhouse of Bosch in India with a global footprint and presence in US, Europe and the Asia Pacific region.

About Bosch in India: In India, Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Group operates in India through thirteen companies, viz, Bosch Ltd., Bosch Chassis Systems India Pvt Ltd, Bosch Rexroth (India) Pvt. Ltd., Robert Bosch Engineering and Business Solutions Pvt. Ltd., Bosch Automotive Electronics India Pvt. Ltd., Bosch Electrical Drives India Pvt. Ltd., BSH Home Appliances Pvt. Ltd., ETAS Automotive India Pvt. Ltd., Robert Bosch Automotive Steering Pvt. Ltd., Automobility Services and Solutions Pvt. Ltd., Newtech Filter India Pvt. Ltd. and Mivin Engg.Technologies Pvt. Ltd. and Precision Seals Manufacturing Ltd.

About the Bosch Group: The Bosch Group is a leading global supplier of technology and services. It employs roughly 402,000 associates worldwide (as of December 31, 2017). The company generated sales of 78.1 billion euros in 2017. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group's strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is 'Invented for life.' The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in 60 countries. Including sales and service partners, Bosch's global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company's future growth is its innovative strength. At 125 locations across the globe, Bosch employs some 64,500 associates in research and development.

The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as 'Workshop for Precision Mechanics and Electrical Engineering.' The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPresse.

About MTU: MTU Friedrichshafen is the core business of Rolls-Royce Power Systems, a division of Rolls-Royce plc. We provide pioneering, integrated solutions for the marine & infrastructure sectors and focus on digitalization and electrification. Under the MTU brand, we develop and produce high-speed engines and propulsion systems for ships and heavy land, rail and defence vehicles, as well as drive systems for use in the oil and gas industry and in power generation. The aim is to make diesel engines even cleaner and smarter. With our Green and High-Tech programme we provide forward-looking answers to the growing challenges of the mobility and energy transition focusing on electrified drive systems as well as alternative fuels and energy sources such as gas. To keep drive power permanently available, experts are available to customers 24/7 in three Customer Care Centres (CCCs) worldwide in Singapore, Novi and Friedrichshafen working hand in hand with our Digital Solutions team. With digitalization we are opening up new service offerings as well as new innovative hardware and sources of value creation. Our headquarters are in Friedrichshafen, Germany and we employ over 10,000 people worldwide. With over 30 subsidiaries and more than 1,200 development, production, service and sales locations in 130 countries, we are at our customers' disposal across the globe.

Additional information is available online at https://www.mtu-online.com/

(C) 2021 Electronic News Publishing, source ENP Newswire

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Sales 2022 119 B 1 581 M 1 581 M
Net income 2022 12 897 M 172 M 172 M
Net cash 2022 26 629 M 355 M 355 M
P/E ratio 2022 36,9x
Yield 2022 0,77%
Capitalization 474 B 6 310 M 6 314 M
EV / Sales 2022 3,77x
EV / Sales 2023 3,23x
Nbr of Employees -
Free-Float 29,5%
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Soumitra Bhattacharya Co-Managing Director & Executive Director
S. C. Srinivasan Co-Managing Director, CFO & Executive Director
Markus Bamberger Chairman
Divya Ajith Secretary & Compliance Officer
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