Konica Minolta appoints Kuldeep Malhotra to its board of directors

First Indian member appointed to Konica Minolta India’s board of directors

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Kuldeep Malhotra, vice president sales, Konica Minolta
Kuldeep Malhotra, vice president sales, Konica Minolta

Konica Minolta Business Solutions India has strengthened its leadership ranks by appointing Kuldeep Malhotra to its Board of Directors, effective 1 December 2019. Malhotra is now responsible for major corporate strategic decision-making, business performance and organization-wide digital transformation. He will also ensure compliance with all applicable laws, corporate ethics and internal corporate rules at Konica Minolta India, in addition to his current role as the head of Sales and OP Marketing divisions.

Speaking on the appointment, Daisuke Mori, managing director of Konica Minolta India said, “The pace and scale of disruption unfolding in the Indian print and printing industry have made it essential for OEMs to digitally transform their operations to remain competitive. This imminent transformation presents the most opportune time to induct an Indian board member who has the knowledge and expertise to lead it. The appointment of Kuldeep Malhotra to the board of directors at Konica Minolta India is aligned with our commitment to stay ahead of the industry’s evolutionary curve.”

Kuldeep Malhotra, vice president – Sales and Office Product Marketing, added, “It is a moment of great pride for me to be appointed as the first Indian member to Konica Minolta India’s board of directors. I am delighted by the faith that the organization has shown in me and look forward to driving the Konica Minolta brand into the next phase of its digital growth.”

A renowned industry veteran, Malhotra holds an illustrious track record of success in the Indian print market. His elevation to the company’s board of directors will help Konica Minolta India leverage his profound understanding of the country, culture and industry to digitally transform its operations in line with changing industry dynamics and market disruption.

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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