Bengaluru: India is looking up to world’s one of the biggest electric vehicle giants, Elon Musks’s ‘Tesla’, which on January 8, incorporated as a subsidiary of the foreign holding company in Bengaluru, Karnataka. The venture looks promising to Indian market, as it plans to launch electric cars in India by 2022.
Registered under the name of ‘Tesla India Motors and Energy Private’ with the Ministry of Corporate Affairs in Bangalore, the company chose best of the best professionals to director its Indian subsidiary. People who will be holding office as Tesla’s directors are: Vaibhav Taneja, Venkatrangam Sreeram, and David Jon Feinstein, as per the Registrar of Companies (RoC) filing.
Here’s the professional background where they hail from-
Vaibhav Taneja, who has more than two decades of accounting experience with multinational companies in technology, finance, retail and telecommunications, will be Tesla’s Chief Accounting Officer. Prior to his current role, Taneja was a corporate controller at Tesla and was closely collaborated with previous CFO Deepak Ahuja and Kirkhorn on Tesla’s quarterly earnings, U.S. and international controllership. As the key market analyst in Tesla he had also closely collaborated with the financial planning and analysis functions.
Taneja journey with Tesla began in 2017 from SolarCity, which was a solar energy company that Tesla had acquired in 2016. Back then, Taneja was serving as the vice president of SolarCity and later as corporate controller. After Tesla acquired SolarCity, Taneja was the one under who’s supervision the successful integration of both companies’ accounting teams took place. At SolarCity, besides controllership his major responsibilities included mergers integration billing and collections, direct and indirect taxation in addition to directly liaising with the financial planning and analysis functions and investor relations.
2. Venkatrangam Sreeram
Venkatrangam Sreeram who is also on the board of two other firms – Xenon Automotive India (an automotive fleet and dealer management firm) and Clearquote Technologies India (an artificial intelligence firm that specialises in vehicle inspections) is likely to spearhead the Tesla’s distinctive direct to customer retail model. His key responsibility will be to bypass the need for brick and mortar showrooms and service centres.
3. David Feinstein
David Feinstein, who has been working with Tesla for more than eight years, will serve as Global Senior Director, Trade Market Access at Tesla. Joined as Manager, Global Trade Compliance – Supply Chain, back in 2012, Feinstein has climbed high ranks over the past 5 years for his contribution at various capacities at Tesla.
The news of Tesla forming a local subsidiary in India was reported by enthusiast Nikhil Chaudhary who manages the independent ‘Tesla Club India’ account. Chaudhary revealed that he had been keeping a track of the developments on the Ministry of Corporate Affairs’ website when the official announcement was made up on Tuesday afternoon.
American electric vehicle giant and clean energy company, Tesla, manufactures electric cars, battery energy storage from home to grid scale, solar panels and solar roof tiles, as well as other related products and services. Founded in July 2003 as Tesla Motors, this U.S. company became the world’s most valued automobile firm by market capitalisation as demand for its electric cars shot through the roof. Recently, its CEO Elon Musk became the richest man on earth leaving behind Amazon’s Jeff Bezos.