ASSOCHAM Announces Appointment of New Senior Vice President and Vice President at First Managing Committee Meeting of FY 2025–26
The Associated Chambers of Commerce and Industry of India (ASSOCHAM), India’s apex chamber, announced key appointments to its national leadership during the First Managing Committee Meeting for the financial year 2025–26, held on July 19 in Mumbai.
Mr. Nirmal K. Minda, Executive Chairman of Uno Minda, has been appointed as the Senior Vice President and is set to take over as the next President of the Chamber. Mr. Amitabh Chaudhry, Managing Director & CEO of Axis Bank, will be appointed as the Vice President of ASSOCHAM, subject to approval from RBI. The announcement was made by Mr. Sanjay Nayar, President, ASSOCHAM, in the presence of the Chamber’s distinguished Managing Committee Members.
Welcoming the new appointments, Mr. Sanjay Nayar, President, ASSOCHAM, stated “ASSOCHAM’s strength lies in its ability to bring together leaders who understand the evolving dynamics of Indian and global business. Mr. Nirmal K. Minda and Mr. Amitabh Chaudhry bring complementary expertise—from manufacturing excellence to financial sector leadership, that will be instrumental in driving our agenda of sustainable growth, competitiveness, and innovation. Their insights and commitment will help shape a more agile and future-ready industry voice.”
Mr. Minda is a veteran industrialist with over five decades of leadership in the auto components sector. Under his stewardship, Uno Minda has emerged as a global player with strong international partnerships and a culture of innovation, commanding a market capitalization of approximately ₹62,566 Cr and generating annual revenues of around ₹16,775 Cr in FY 2024‑25. A past President of ACMA and an active contributor to several leading industry bodies, he was conferred the ‘EY Entrepreneur of the Year’ Award in 2019 in the Manufacturing Category.
Mr. Chaudhry is a distinguished banker and a respected voice in India’s financial sector. At the helm of Axis Bank, he has led the institution’s transformation with a sharp focus on growth, digital investments, sustainability, and customer-centricity. His diverse experience spans banking, insurance, technology, and global leadership roles, making him a formidable force in shaping the future of Indian finance.
Axis Bank currently has a market capitalization of about ₹341,000 Crores and reported trailing‑12‑month operating revenues of approximately ₹81000 Crores.
The Special Executive Committee of ASSOCHAM brings together some of the country’s most respected business leaders, reflecting the Chamber’s deep commitment to visionary and future-ready leadership. The Committee includes Mr. B.K. Goenka (Welspun Group), Dr. Niranjan Hiranandani (Hiranandani Group), Mr. Yashish Dahiya (PolicyBazaar), Mr. Rajesh Magow (MakeMyTrip), Mr. Nirmal K. Minda (Uno Minda), and Mr. Amitabh Chaudhry (Axis Bank). The Chamber draws strength from the continued guidance and mentorship of Past President Mr. Sajjan Jindal (JSW Group), whose enduring association with ASSOCHAM remains a source of inspiration and strategic counsel.
These appointments underscore ASSOCHAM’s enduring commitment to high-calibre, inclusive, and future-focused leadership, one that mirrors the ambitions of a rapidly transforming Indian economy. The Chamber remains steadfast in its resolve to work collaboratively with policymakers, industry leaders, and global partners to shape actionable, forward-looking policy frameworks across sectors.
