TITAGARH · TITAGARH RAIL SYSTEMS LIMITED · NSE · Filed 5 Sept · 1 min read

Titagarh Rail Systems Changes Passenger Rail Leadership; Bhavesh Jethwa Takes Over Operations

Bhavesh Jethwa has assumed charge as Head of Operations (COO) of Titagarh's Passenger Rail Systems business, with Vijay Subramanian ceasing as its CEO effective 2 September 2026.

What was filed

Titagarh Rail Systems told the exchanges on 5 September 2026 that it has restructured the senior management of its Passenger Rail Systems (PRS) business. Bhavesh Jethwa has assumed charge as Head of Operations (COO) of PRS, in place of Vijay Subramanian, who has ceased to hold the position of Chief Executive Officer of PRS with effect from 2 September 2026.

The company framed the change as part of "management restructuring initiatives aimed at strengthening PRS leadership and improving operational and financial performance."

The incoming executive

Per the filing, Jethwa brings over 25 years of experience in the railway and metro industry, including leadership roles at Alstom, Bombardier and Mahindra & Mahindra. The company noted his association with major projects, including India's first Namo Bharat (RRTS) project, and cited his expertise in project execution, business development, technology transfer and rolling stock technologies.

The filing does not disclose the terms of appointment. In item 4 of the annexure, disclosure of relationships between directors is marked "Not applicable."

Industry experience of incoming COO: Over 25 years

The change affects who leads Titagarh's Passenger Rail Systems business, which the company frames as central to its operational and financial performance. Holders may note the transition, though the filing discloses no financial impact or terms.