Gupta Steps Away From Arkel India MD Role

Arkel Electronic India Pvt. Ltd., a leading company in the elevator control systems and components industry, has announced the departure of Anurag Gupta, who has stepped down from the role of managing director (MD), BigNewsNetwork.com was among outlets to report. Gupta leaves after six years of association. Gupta and Arkel Elektrik Elektronik Sanayi ve Ticaret A.S. founded Arkel India as a joint venture in 2018 and have since overseen significant milestones, making the company one of the strongest players in the India elevator control systems and components market. Under Gupta’s leadership, Arkel India advanced its mission with the establishment of a state-of-the-art production facility, which is expected to become operational in early 2025. In July 2024, Swedish group Innovalift signed an agreement to acquire 100% of the shares in Arkel Türkiye to expand its geographic reach and complement its product portfolio of components for elevators. “The Board of Directors extends its gratitude to Gupta for his dedication, vision, and invaluable contributions to Arkel India,” the company said. “The Board wishes him the very best in his future endeavors, confident that he will continue to make a positive impact in his next chapter.”