Samsung India’s Deputy Managing Director Ravinder Zutshi is retiring this on Dec 31st 2014, indicate media reports. He has been with Samsung for nearly two decades now, and has been an integral part of Samsung’s Journey in India and is also said to be one of the few top leaders who has been with the global giant for such a long tenure. There has been an industry buzz around the impending exits of both Zutshi and Sunil K Goel, (who is the Head of Finance at Samsung India and also Executive Director and Board Member) since October this year.
Samsung Electronics commenced its operations in India in December 1995 and is today a leading provider of Consumer Electronics , IT and Telecom products in the Indian market. Samsung India is the Regional Headquarters for Samsung’s South West Asia operations, which provides employment to over 8,000 employees with around 6,000 employees being involved in R&D. In 2010, Samsung India achieved a sales turnover of US$3.5 billion.