The Board of Blue Star Ltd. has approved the elevation of Vir S Advani as Chairman & Managing Director from 1st April 2024.
He will be succeeding Shailesh Haribhakti, who is retiring from the Board on 31st March 2024.
Advani holds a bachelor’s degree in Systems Engineering and Economics from the University of Pennsylvania, joined Blue Star Infotech Ltd in 2000 and later founded Blue Star Design & Engineering Ltd in 2003. He was its Chief Executive Officer.
In 2007, Advani was leading the company as Vice President – Corporate Affairs and, within a year, was promoted to Executive Vice President. Since then, he never looked back as his experience kept rising.
In 2016, he was again appointed as the company’s Managing Director. He was elevated to Vice Chairperson and re-designated Vice Chairman & Managing Director in 2019.
In a statement, the outgoing chairperson, Haribhakti said, “India is a fast-growing market for air conditioning and refrigeration products, and Blue Star is well positioned to consolidate its market leadership and accelerate its growth. Advani spearheads the company’s plans to grow faster than the market and improve its profitability through significant investments in R&D, manufacturing, and international footprint expansion.”
