MUMBAI: After five years at the helm, Mindteck’s managing director and CEO, Anand Balakrishnan, is set to bid adieu, with his resignation effective from 31 May 2025. The global engineering and technology solutions company announced that Balakrishnan will continue in his role for the next three months, ensuring a seamless leadership transition.

Reflecting on his tenure, Balakrishnan described the journey as both "rewarding and challenging," stating, "With Mindteck well-positioned for continued success, I feel this is the right time for a leadership transition. My decision is based on personal reasons, and I look forward to focusing on these aspects at this stage in my life."

Under his leadership, Mindteck saw significant transformation, with sustainable growth and improved liquidity shaping its trajectory. "While we regret to see Anand step down, we respect his decision," said Mindteck chairman Yusuf Lanewala. "He has played a crucial role in positioning Mindteck for long-term success, and we extend our gratitude for his contributions."

The Board has accepted his resignation and has tasked the Nomination and Remuneration Committee with selecting a suitable successor. As Mindteck gears up for its next chapter, all eyes are on who will take the baton to drive the company’s future growth.