Pankaj Parate
Managing Director & Board Member | Global Industrial & Manufacturing Leader | P&L | Operations | Localisation & Supply Chain Transformation | EV Platforms | M&A Integration | Turnaround & Growth Strategist | IIT | IIM
- Role
- Managing Director at CAB Worldwide
- Location
- Pune, MH, IN
- LinkedIn followers
- 500 followers
About Pankaj Parate
I build and transform industrial businesses in complex global environments.With 20+ years of leadership experience across multinational organizations including Tata Hitachi Construction Equipment Co. Pvt. Ltd, JCB India Limited, Sany Heavy Industry India Pvt. Ltd. and CAB Worldwide, I have led business scale-ups, turnarounds, localization programs, and EV platform launches across construction equipment, mining, mobility, and engineered components.Currently serving as Managing Director with P&L responsibility for India and exports, leading manufacturing, engineering, sourcing, and supply chain operations aligned with US and international markets.Impact Delivered:• Contributed to 4x revenue growth (₹1,100 Cr → ₹6,230 Cr) in a high-growth industrial environment• Delivered ₹70+ Cr cost transformation through localization and supply chain optimization• Launched 34+ new products including 100T Electric Dump Truck and electric heavy equipment platforms• Localized 46 models (up to 60% localization across product lines)• Reduced warranty ratios by 58% and improved product reliability 4x in turnaround phase• Improved productivity by 35% through digital transformation and system governanceMy leadership integrates: • P&L Ownership & EBITDA Focus • Global Manufacturing & Operations • EV & Sustainable Mobility Strategy • Localization & Tariff-Resilient Supply Chains • M&A Integration & Cross-Border Collaboration • Quality Governance & Risk Mitigation • High-Performance Team BuildingI have worked across Japanese, UK, Chinese, and US business cultures, building system-driven, performance-led organizations in emerging markets.Recognitions include:Young Alumni Achiever Award – IIT Kharagpur (2024)Top 10 Alumni Leaders – CEO Insights (2025)MBA (IIM Indore)| M.Tech (IIT Kharagpur)| Executive programs: Harvard Business School & NTU Singapore
Experience
Managing Director
Jan 2024 — Present · IN
CAB WORLDWIDE INDIA ENGINEERING & MANUFACTURING: USA HQ MNC, 45 years global product development, manufacturing & supply chain offers expert solutions thru Design & Development, Manufacturing, Quality, Logistics, Warehousing, Inventory Management, prioritizing cost reduction across various products in Automotives, Mining, Railways, Oil & Gas, Industrial Equipment, Hydraulics, Wind & Defence Industry.
Education
Nagpur University
Bachelor of Engineering (B.Eng.), Production & Industrial Engineering
1998 — 2002
Indian Institute of Technology, Kharagpur
M.Tech, Manufacturing Systems (Mech. Engg.)
2004 — 2006
Indian Institute of Management, Indore
Post Graduate Degree, Business Administration and Management
Skills
- Process Improvement
- Engineering
- Finite Element Analysis
- Tpm
- Six Sigma
- Team Management
- Quality Assurance
- Process Simulation
- Cost Reduction
- Process Engineering
- Kaizen
- Product Development
- Manufacturing
- Automotive
- Root Cause Analysis
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