Mr. Pankaj Parate Honored with Young Alumni Achiever Award 2024
CAB Worldwide India Engineering & Manufacturing Pvt. Ltd., Managing Director, Mr. Pankaj Parate, a distinguished figure in the Manufacturing and Engineering industry, has been honored with the Young Alumni Achiever Award 2024 by the Indian Institute of Technology, Kharagpur, India which is amongst the Top 3 Prestigious Engineering Institutes in the India.
Mr. Parate’s illustrious career spans over 19+ years, showcasing his expertise across multiple domains, including Manufacturing and Engineering space, On-Highway, Off-Highway, EV Products & Component business.
His leadership and strategic insights have been instrumental in CAB Worldwide India’s success in these global markets.
Before his current role, Mr. Parate held significant positions in top-tier companies, including his expertise in Product Localisation & R&D at Sany Heavy Industry in Pune, Head of Export Quality at JCB India Limited, and roles in R&D, Value Engineering, and Quality Assurance at Tata Hitachi Construction Equipment in Jamshedpur.
An alumnus of one of the India’s most prestigious institutions, Mr. Parate holds a Master of Business Administration from the Indian Institute of Management, Indore, a Master of Technology from the Indian Institute of Technology, Kharagpur, and a Bachelor of Engineering in Production Engineering from Nagpur University. His academic achievements are complemented by several certifications, including an MBA International Program from NTU, Singapore, a certification course from Harvard Business School, and an EDP in Finance from XLRI, Jamshedpur.
Mr. Parate’s career is also marked by numerous accolades and awards. He was a recipient of the JRD-QV Award for TBEM Business Excellence in 2008, the TBEM Highest Delta Award in 2009, and the Tata Group Best Practice award for process development in 2009. Notably, he played a pivotal role in launching Global Indian Excavators from India for export markets under the Hitachi brand. His contributions to the industry were recognised with the CII Product & Process Quality Improvement award in 2017 and the Best Construction Equipment Company Award and Quality Excellence Award in 2019 for Sany.
Outside of his professional endeavours, Mr. Parate is an avid reader and enjoys staying active through running, gym workouts, swimming, hiking, trekking, and cycling. His dedication to continuous learning and self-improvement is evident in both his professional achievements and personal pursuits.
With a career characterized by innovation, leadership, and a commitment to excellence, Mr. Pankaj Parate continues to make significant contributions to India’s manufacturing sector, setting a benchmark for future generations.
Congratulations to Mr. Parate for this prestigious award for IIT Kharagpur, India.