Gravita’s 90-year-old Agarwal reappointed chairman

Gravita’s 90-year-old Agarwal reappointed chairman

Gravita’s 90-year-old Agarwal reappointed chairman 618 532 Batteries International

April 3, 2024: Ninety-year-old Mahavir Prasad Agarwal has been reappointed as chairman and a director of Gravita India for the next three years.

The Rajasthan-headquartered Indian lead recycler said the reappointment, with effect from April 1, was approved at a board meeting on March 28.

Agarwal, the father of Gravita’s MD Rajat Agrawal, retired as director of Rajasthan’s medical and health department in 1992 and went on to launch Gravita that year with his son. He has been a guiding force and source of inspiration to the whole company ever since, Gravita said.

Last month, Gravita said it had increased the total lead recycling capacity of the group to almost 291,000 tonnes per annum — keeping the firm on course to achieve its overall target of 425,000 tpa by fiscal 2026.

The increase came after Gravita expanded lead battery recycling at its plant in Tanzania by 5,000 tonnes per annum to 12,000 tpa.