Amit Srivastava , Group CEO, Remsons Industries
India is ambitious to become a $5 trillion economy by 2025. The third largest automotive market in the world, our country is not too far off when it bets huge on the automotive industry. There are expectations that the auto industry will grow more than three times to $250 billion in the next few years. According to the Automotive Component Manufacturers Association (ACMA) report, the auto components industry alone contributes to a $39.6 billion market, growing its size by 11.3 percent in the first half of FY25. However, this exponential growth exerts immense pressure on leaders in the auto industry to deliver, not to mention the ongoing technological evolutions of the modern era. Amit Srivastava, the Group CEO of Remsons Industries Ltd, sheds light on navigating the opportunities as well as challenges in the industry from a leadership point of view. Established in 1959, Remsons (NSE: REMSONSIND) is a pioneer in Auto Products manufacturing. In an exclusive interview with CEO Insights, he talks about standing firm on vision, leadership strategies, and experience, among other aspects. Below is an excerpt from the interview.
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Top 10 Innovation Heads - 2025
In today's rapidly changing business environment, innovation has ceased to be an option, as it has now become imperative for growth and competitiveness. The Head of Innovation has a pivotal role in guiding the organization through a sequence of new challenges presented by evolving technologies, changing consumer demand, and emerging industrial trends. As a leader, they will continuously be identifying new opportunities, implementing state-of-the-art solutions, and ensuring that the company stays at the forefront of transformation.
Therefore, the Head of Innovation will develop and implement strategies related to an extremely wide continuum of organizational goals, while promoting a culture of creativity and adaptive responses. The skill set for this function entails strategic thinking, technical knowledge, and strong leadership. By engaging the development of new products, services, and business models, the Head of Innovation ensures that the organization is ready to respond to disruption while deriving maximum growth from new opportunities.
"Leadership in innovation requires not just creativity, but the courage to challenge the status quo and transform the future"
Innovation stretches across a vast spectrum, impacting different industries, each with its distinct trends. In technology, the growth of AI, machine learning, and automation is changing the way operations are conducted and the experience of the customer. In healthcare, innovations gain traction through telemedicine, AI-assisted diagnostics, and personalized medicine, making health care more accessible and efficient. The automotive industry is similarly trending toward innovations in EV, autonomous driving technologies, and the adaptation of sustainable practices.
Another significant trend is that of sustainability. Every business, regardless of industry, is putting sustainable practices at the forefront: how to manufacture energy-efficient products; how to design products using green materials. Digital transformation has also taken a central role; the requirement to invest in cloud computing, big data analytics, and IoT to streamline operations and better their products and services. The role of the Head of Innovation is very important in being able to navigate the fast- changing, fluid business environment. To be ahead of their competition, with respect to market trend and technological advancements, the Head of Innovation provides leadership to see that companies remain competitive, creative, and ushering in the future.
CEO Insights in this issue presents a list of ‘Top 10 Innovation Heads - 2025' featuring leaders who have leveraged their extensive industry expertise and experience in offering effective skills to the market. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board. We recognize their valuable contribution to the ever expanding and competitive market and their ability to sustain themselves and emerge as top contestants through their reliable knowledge.
Company Logo | Company Management | Company Name | Company Description |
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Arvind Vaishnav,Head - Philips Innovation Campus | Philips | Having expertise in driving business growth, strategic transformations, and patient-centered health technology solutions, he is also focused on building a high-performance, agile organization delivering impactful healthcare innovations |
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Manish Bhasin, Vice President & Head - India Product Innovation and R&D Center | Pioneer Electronics | He has 23 years of insightful experience across Automotive IoT, Voice and Vision AI, Digital Healthcare, Home IoT and Telecommunication domains |
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Mukesh Chandra Kestwal, Chief Innovation Officer | Ihub Awadh | Having over a decade of experience shaping India’s innovation and deep-tech ecosystems, he mentors future innovators for global impact with seven patents and a focus on sustainable innovation |
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Piyush Gupta, Senior VP & Head - Research & Innovation | ProHance | He has been focusing on building a robust distribution network and fostering strategic alliances, which have significantly enhanced customer experience and fortified our market position |
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Ram Srinivasan, Head - Innovation Operation | Airbus | He leads efforts to drive cutting-edge innovations across the company’s operations and engineering divisions, also he plays a pivotal role in advancing initiatives focused on next-generation and fostering a culture of continuous improvement |
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Ramesh Koranga, Head - Innovation & Quality | Allied Blenders & Distillers | With a strong focus on driving product excellence and innovation, he leads initiatives that set new industry standards while fostering a culture of continuous growth |
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Senthil Arul,Chief Innovation Officer | Livpure | Focusing on user-centric solutions and technological advancements, he emphasizes collaboration, simplicity in design, and a balance between creativity and engineering |
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Dr N. Sivasankaran, Director - Innovation & Technical | Viruksa Manufacturing Solutions | Bringing over 28 years of experience across industries such as plastics, automotive, writing instruments, and home appliance, he has excelled in n roles spanning production, operations, projects, quality, innovation, and new product industrialization |
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Srinivas A N, Head - Product Innovation and Development | Pi Square Technologies | He has about 15+ years of industry experience in product design, and a proven track record of managing skill development and talent acquisition programs at a national level |
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Vishal Pillai, Head - Innovations | Antolin | He has over 20 years of experience in the automotive domain, with core competencies in product design, vehicle integration, innovation management, and sustainability |
Other Issues
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