Max Speciality Films announces new CEO
Max Speciality Films Limited (MSFL) has announced the appointment of Ramneek Jain as the chief executive officer of MSFL with effect from 11 July 2017. Jain is a seasoned business leader with over 23 years of rich experience across manufacturing organizations in India and the US.
Jain joins MSF after a 12-year stint at Anand Group, where he last held the position of senior vice president and chief operations officer at Spicer India Limited, a subsidiary of the Anand Group. Prior to Spicer India, Jain was with MAHLE Filter Systems India (MFSI), a 50:50 joint venture between Anand Group and Germany-based MAHLE GmbH.
Commenting on Jain’s appointment, Sahil Vachani, managing director and chief executive officer, Max Ventures and Industries Limited said, “Ramneek is joining MSFL at a critical juncture when the company is poised for a new phase of growth and expansion. We are close to completing a significant capacity augmentation exercise with the imminent launch of MSFL’s new production line in 2018. We also have a new strategic partnership with Japan-based Toppan Group, who recently joined us as a joint venture partner in MSF with an investment of nearly Rs. 200 crore. We hope that Ramneek will bring in a fresh perspective and vision to help MSF scale new heights and nurture our nascent relationship with the Toppan Group.”
MaxVIL is the newest entity in the Max Group of companies that came into existence after the erstwhile Max India Group was demerged into Max Financial Services Limited, Max India Limited and Max Ventures and Industries Limited (MaxVIL). MaxVIL has four distinct business verticals—Max Speciality Films (Manufacturing), Max Estates (Real Estate), Max Learning (Education) and Max I (providing intellectual and financial support to high-potential start-ups). MaxVIL is listed both on BSE and NSE. Other investors in MaxVIL include Morgan Stanley and Reliance Mutual Fund.