India Motor Parts & Accessories appoints Mukund S Raghavan as new MD

India Motor Parts and Accessories on Friday announced that it has appointed Mukund S Raghavan as Managing Director of the company for a period of five years with effect from July 5, 2025, as per an exchange filing.

Raghavan was inducted into the Board as Executive Director in February 2019 and elevated as Deputy Managing Director in 2022. He has over 28 years of experience in the Automotive After Market business.

His appointment as the MD is a result of the company’s current MD N Krishnan stepping down. Krishnan, who served as MD for over 2 decades, will now take the position of a Director and a Whole-Time Director of the company for a period of three years with effect from July 5, 2025.

He was inducted into the Board as Deputy Managing Director in July, 1997 and was appointed as Managing Director in 1999. Has over 4 decades of experience in OE Sales and Management of After Market Auto Parts distribution.

India Motor Parts and Accessories has reported standalone revenue of ₹189 crore in Q4FY25 compared to ₹179 crore in the year ago period. For the full year, revenue grew 6.5 per cent YoY to ₹789 crore.

The company has recommended a dividend of ₹20 per Equity Share of ₹10/- each (200 per cent) for the financial year 2024-25 on paid up capital of ₹12.48 crores, subject to approval of the shareholders at the ensuing 71th Annual General Meeting (AGM). The dividend, if approved by the shareholders, will be paid on or before August 21, 2025.

Published on May 16, 2025