Sumit Garg

Business Head | Head of Strategy and M&A | Driving Growth in Automotive, Manufacturing & Industrial | Mahansaria Group | Ex-Aditya Birla Group

Mumbai, Maharashtra, India

About

Seasoned business leader with 18+ years of rich, global experience across diverse sectors, including Automotive, Industrial, Manufacturing, and Infrastructure. Known for delivering exceptional results in high-impact roles involving Business Management, Corporate Strategy, M&A, Stakeholder Management and Strategic Partnerships. Currently serving as VP & Business Head at Reisemoto, a division of Mahansaria Group, where I lead the premium two-wheeler tires, helmets and riding gear business. As one of the first hires in the Group, I have worked closely with the Promoters to shape the business at a strategic level and drive the Group’s global expansion, successfully establishing a presence in 120+ countries. Adept at navigating complex business environments, managing high-level stakeholder engagements, and driving transformation initiatives. I bring a unique blend of strategic foresight, operational expertise, and financial acumen.

Experience

  • Mahansaria Group (Full-time · 9 yrs 1 mo)
    • Executive Vice President & Business Head, Reisemoto (two wheeler business)
      Apr 2021 - Present · 5 yrs 3 mos

      • Conceptualized Strategy and Group’s entry into consumer business with premium two wheeler tyres & riding gear (helmets, jackets, gloves, other riding gear & accessories, lifestyle products). • Leading the P&L of the business and executing omnichannel go-to-market strategy – o Dealer network: Set up a robust sales network of 2500+ dealers nationwide. o Premium retail: Launched the first brand experience store, with plans to open 30+ more stores o E-commerce marketplace: Launched our e-commerce platform, aiming to become a one-stop shop for all riding gear products. • Within short span of 1.5 years since brand launch, scaled business to become fastest growing in its category, achieving a market share comparable to Michelin in Karnataka, and built a team of 100+ employees. • Forged partnerships with four renowned European brands in riding gear, facilitating their entry into the Indian market. Working with them to develop co-branded product range (helmets & riding gear) for India.

    • Head, Strategy, M&A and Business Development
      Jun 2017 - Mar 2021 · 3 yrs 10 mos

      Mahansaria Tyres Pvt Ltd (MTPL) is the new venture of Promoters of $1.5 billion Alliance Tyre Group. An investment worth several hundred millions of dollars is going in to create a global tire company. • Led Group Strategy, M&A, Business Development and Business expansion for the Group – o Led market entry strategy, go-to-market strategy, organic vs inorganic growth strategy, financial planning & modelling, investment & returns, M&A deals, business development. • Formed a strategic JV with Trelleborg (Sweden) for setting up a JV in India for manufacturing two wheeler tyres. • Led 2 acquisitions (end to end), one in Europe and another in USA for international expansion. • Led capital raise (INR 375 Crore) & strategic investment (10% shareholding) from IFC (World Bank arm). • Developed comprehensive strategic frameworks guiding the group's successful expansion into allied sectors, including the steel wheels business.

  • General Manager, Strategy at Essel Infraprojects Ltd.
    May 2016 - May 2017 · 1 yr 1 mo

    Essel Group - $11 B group ( Zee Group ) Media , Entertainment , Education , Broadcast (Dish TV and Siti cable), Education Finance, Infrastructure and Smart utilities. • Part of CEO’s office, led sector diversification strategies by evaluating potential new sectors for entry. Additionally, engaged in operational projects to enhance performance across existing business domains. • Chalked out business strategy for entry of Essel Utilities into City Gas Distribution – market structure, financial planning, regulatory environment, fitment into company vision, team planning, risks and mitigants. • Planned & set up collection centers model for improving collections for rural Bihar for Power vertical. • Led a project to optimize operating expenditure (incl manpower restructuring) in the Power vertical by 15%.

  • Head, Chairman's Office at Mercator Lines Limited
    Aug 2014 - Apr 2016 · 1 yr 9 mos

    Mercator is a a leading Energy company having diversified business interests in Oil & Gas, Coal, Shipping and Dredging with offices in India, Singapore, Indonesia and Nigeria. • Served as an EA to the Chairman, facilitating governance, strategic initiatives and stakeholder management. Assisted in overseeing business operations, performance reviews & leading projects across these sectors. Worked on strengthening the existing MIS, Internal Controls and planning & budgeting systems. • Collaborated with business segments and heads to define and implement 5 year business plans with execution milestones aligned with the Group Vision for 2020. • Led a restructuring project (demerger) to carve out a business division into a separate entity to unlock value. • Handled project review and progress on EPC project worth $250 mn for ONGC.

  • Aditya Birla Group (Mumbai Metropolitan Region)
    • MD's office, Ultratech Cement
      Jun 2013 - Jul 2014 · 1 yr 2 mos

      Joined Aditya Birla Group as a Leadership Participant in the coveted Leadership Associate Program (LEAP) of the group (selection of very limited people every year from IIM A, B, C, L, XLRI and ISB only).  Assisting MD in tracking the performance of various business lines and taking corrective steps  Identifying, evaluating and providing strategic insights for long-term business growth  Overseeing key projects and keeping a check on their progress and ensuring timely completion  Led a project to improve raw material cost efficiency by 10% at one of the cement plant

    • Corporate Finance Division
      Jun 2009 - May 2013 · 4 yrs

      Looked at IT-ITeS, Telecom, Equity & Commodity Broking, Wealth Management and Insurance Advisory businesses of the group. Key Responsibilities Include -  Monitoring and Highlighting the performance and exception reporting  Evaluating Capex/Budget/Expansion proposals and other initiatives of the business  Conducting Competitive Benchmarking exercise to assess position of business in the industry  Monitoring and keeping track of key regulatory changes impacting the business Key Assignments -  Instrumental in the Group's exit from BPO business  Worked on the rural strategy team for Banking project  Worked with CFO of Carbon Black on consolidating group’s holding in one of the business  Evaluated attractiveness of China as a market for the Carbon Black business  Led the team to increase sales of Idea's datacards in Punjab  Accomplished a project to control the value loss at Textile business's production plant

  • Deputy Engineer at Bharat Electronics
    Aug 2004 - Jun 2007 · 2 yrs 11 mos

     Independently handled a project on RADAR worth Rs. 300 million for the Indian Army  Facilitated transfer of technology from the foreign research collaborator in Poland to BEL  Upgraded technical capabilities of vendors enabling them to manufacture complicated parts