Wheels India Limited has officially notified the stock exchanges regarding significant changes in its board leadership and committee structures following a meeting held on March 30, 2026. The Board of Directors has accepted the resignation of Mr. S Ram from his position as Chairman and Non-Executive Director, effective from the close of business on the same day. In a concurrent move, Mr. Srivats Ram, who currently serves as the Managing Director, has been elected as the new Chairman of the company. This leadership transition, effective from March 31, 2026, will see Mr. Srivats Ram taking on the unified role of Chairman and Managing Director.

The Board also approved the reconstitution of the Risk Management Committee to further strengthen corporate governance. Following this change, the committee will be chaired by Mr. R Raghuttama Rao, an Independent Director, and will include a mix of executive leadership and independent directors. Notable members of the newly formed committee include Mr. Srivats Ram, Ms. Sumithra Gomatam, Mr. M P Vijay Kumar, and Mr. Rishikesha T Krishnan, alongside senior management representatives. This strategic realignment is designed to ensure robust oversight of the company’s risk framework as it navigates the evolving automotive and industrial landscape.

Wheels India Limited, a key player in the TVS Group, is a leading manufacturer of steel wheels for trucks, agricultural tractors, passenger cars, and construction equipment. In 2025, the company continued to expand its footprint in the forged and cast aluminium wheels segment, receiving significant orders from domestic OEMs which were previously served through exports. Recent updates highlight its focus on debottlenecking and capacity enhancement across its casting alloy wheels and energy product divisions. Furthermore, the company received the Engineering Export Promotion Council of India (EEPC) Quality Award in February 2025, reflecting its commitment to manufacturing excellence.

The company’s financial performance for the quarter ended December 31, 2025 (Q3 FY26), demonstrated strong growth with revenue reaching ₹1,379.45 Crores, representing an 8.55% increase from the previous quarter. Net profit for the same period climbed to ₹36.07 Crores, a 16.39% jump on a quarter-on-quarter basis. This growth was supported by improved margins and a healthy order book across diversified segments. Regarding the company’s shareholding, institutional investors and prominent groups within the TVS family continue to hold significant stakes, providing a stable foundation for the firm’s long-term strategic initiatives.