Mumbai, Sept 22 (ANI/Business Wire India): Vinayak Deshpande has taken charge of Hindustan Construction Company's (HCC) construction business as President, COO - EPC and Construction.
He will be responsible for driving the EPC and Construction business of HCC which currently involves about 39 large construction projects all over India. He joins HCC after a successful 19-year stint with the Tata Group.
Deshpande will be responsible for the operations of HCC Construction's verticals, namely, Hydro, Water, Transport, Nuclear and Thermal Power, Integrated and Special Projects, and Buildings and the EPC business.
The company has recently been restructured into five business sectors - HCC Infrastructure, HCC Construction, HCC Real Estate, Lavasa and HCC Capital. The restructuring process at HCC is a result of the strong growth the company has witnessed in all segments in which it operates and this reorganisation will help focus on untapped segments.
A senior business professional, Deshpande brings to HCC over 28 years of work experience. In his last assignment, Deshpande was the Executive President - Operations at Tata Teleservices Ltd. In this position, he handled the company's Rs 7500 crore-revenue business across India, and achieved sustainable growth and enhanced profitability. He managed a team of over 4000 people.
In 19 years with the Tata Group, Deshpande spent substantial time giving shape and form to the Tata joint venture with Honeywell (now Honeywell Automation India). He successfully laid the foundation, and was in charge of building and nurturing the company to become a well known automation company having a super-brand status.
He started his career with Century Enka, moving to Thermax and then to Gujarat Carbon before joining the Tata Group in 1988, and has worked in various positions such as plant engineer, process design manager, projects and finally in general management.
He was active in raising standards of quality and innovation across Tata companies. Deshpande was involved in many group initiatives such as the Tata Business Excellence Model (TBEM) and various regional quality forums.
He has been a member of the TBEM Mentor Program and has monitored the assessment processes of organizations such as Titan, Tata Teleservices and Tata Ryerson. He was also a member of the Tata Group Innovation Forum (TGIF), focused on fostering innovation at the group level.
Deshpande is a Chemical Engineer from IIT, Kharagpur from the 1980 batch. He lives life passionately and is an active trekker, regularly discovering newer heights in the Himalayas. He also participates in car rallies frequently.
HCC is a leading construction and infrastructure development company with a rich heritage of experience. The company specializes in large-scale infrastructure development and developing new age construction technologies.
The Company has managed and executed several technically complex and high value projects across segments like transportation, power generation infrastructure, marine projects, oil and gas pipeline constructions, irrigation and water supply, utilities and urban infrastructure.