Panish P K appointed Regional Sales Director, Bosch Power Tools

Panish will take over the responsibilities as business head, Bosch Power Tools for India & SAARC .Appointment effective from August 3rd, 2015

Press Release, 26 AUG, 2015 - Bangalore: Bosch, a leading global supplier of technology and services, announced the appointment of Panish PK as the Regional Sales Director, Bosch Power Tools for India & SAARC. Mr. Panish has taken over on August 3rd, 2015 from Mr. Vijay Pandey, who was the Vice President of Bosch Power Tools India and will now be shifting to Germany to take on a new responsibility within the company.

With an Engineering Degree from Bangalore University and a Post Graduate Degree in Management from IIM Calcutta, Mr. Panish will focus on overseeing sales of Power Tool products in India & SAARC. Additionally, his vision for the organization is to get closer to the customers by providing compelling value proposition and customized solutions for both the markets.

In his new role, Panish will spearhead the company’s growth across multiple channels for the entire portfolio of power tools, accessories and services business. His long term focus will encompass deeper penetration of the brand through channel expansion and focused sub dealer programmes in tier 3 & 4 cities. He will also focus on widening the power tool accessories product portfolio besides strengthening the services network.

Commenting on his appointment, Mr. Panish said, “I am honoured to lead Bosch Power Tools, a global reputed company built by many iconic leaders in the industry.I want to continue to focus on strengthening local innovations and ensure that the current opportunities are well tapped thereby contributing to the growth of the company. I look forward to my new role and am excited about working with the entire Bosch team.”

Contact person for press inquiries:

Name: Vinila Kalive

Phone: +91 96202 20751

About Bosch Power Tools

The Power Tools Division of the Bosch Group is the world market leader for power tools, power tool accessories and measuring tools. In 2014, its roughly 19,000 associates generated sales of 4.2 billion euros, about 85 percent of which outside of Germany. With brands such as Bosch, Skil and Dremel, the division stands for customer focus and great engineering progress. The core success factors are innovative strength and pace of innovation. The division generated about 35 percent of its sales in 2014 with products that have been on the market for less than two years. In 2015, Bosch Power Tools will again launch more than 100 new products on-to the German market in its four business segments power tools, accessories, measuring tools and garden tools.

About Bosch Group

The Bosch Group is a leading global supplier of technology and services. It employs roughly 360,000 associates worldwide (as per April 1, 2015). The company generated sales of 49 billion euros in 2014*. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in some 60 countries. Including its sales and service partners, Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. In 2014, Bosch applied for some 4,600 patents worldwide. The Bosch Group’s strategic objective is to create solutions 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 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 up-front 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.bosch-press.com, http://twitter.com/BoschPresse

*The sales figure disclosed for 2014 does not include the former joint ventures BSH Bosch und Siemens Hausgeräte GmbH (now BSH Hausgeräte GmbH) and ZF Lenksysteme GmbH (now Robert Bosch Automotive Steering GmbH), which have since been taken over completely.

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. Additionally, Bosch has in India the largest development center outside Germany, for end to end engineering and technology solutions. The Bosch Group operates in India through nine companies, viz, Bosch Limited, Bosch Chassis Systems India Limited, Bosch Rexroth India Limited, Robert Bosch Engineering and Business Solutions Private Limited, Bosch Automotive Electronics India Private Limited, Bosch Electrical Drives India Private Limited, BSH Home Appliances Private Limited, , ETAS Automotive India Private Ltd.and Robert Bosch Automotive Steering India Pvt. Ltd.. In India, Bosch set up its manufacturing operation in 1953, which has grown over the years to include 14 manufacturing sites, and seven development and application centers. Bosch Group in India employs over 29,000 associates and generated consolidated revenue of about ?.15,250 crores* in 2014 of which ?. 10,800 crores* from third party. The Group in India has close to 12,000 research and development associates and has filed for around 150 patents in 2014.

In India, Bosch Limited is the flagship company of the Bosch Group. It earned revenue of over ?. 9,570 crores in 2014. Additional information can be accessed at http://www.boschindia.com

NB: The information provided in this press release is for general informational purposes and published on PRnob only.