Depth note: network / advisor profile.
[~]= estimate,[!]= unverified.
1. Company overview & snapshot
1.0 The connection — Sukesh Joshi
- Identity: Sukesh Kumar Joshi, DIN 08153689. Aged 64 in 2023 (Hilton’s AGM papers). B.E.; certified independent director (IICA databank). Mumbai-based.
- Career: 39 years in tractors, engines and gensets at HMT, Force Motors and Mahindra & Mahindra, including about seven years in China on M&M tractor joint ventures. Hilton’s disclosure credits him with helping build Mahindra Powerol into India’s leading genset business.
- Current work (LinkedIn): independent consulting on solar at telecom sites, bio-CNG gensets, export gensets (10–40 kVA), lithium-ion storage at telecom sites, and a 3 kVA petrol genset.
- Connection status: 1st-degree LinkedIn connection of Utso.
- How to use him: as an advisor and referrer. He is not a buyer.
1.1 Board history
| Company | Role | Period | Source |
|---|---|---|---|
| Hilton Metal Forging Ltd (BSE 532847 / NSE HILTON) | Independent Director; chaired Stakeholders’ Relationship Committee and Nomination & Remuneration Committee | May/Jun 2018 – 25 Aug 2023 (completed second term) | Hilton Reg. 30 disclosure, AGM proceedings, annual reports |
No other current directorship was found. Zauba still lists the Hilton seat as active; that record is stale (Hilton’s own disclosure confirms retirement in August 2023). The user’s brief says “ex-independent director”, which is confirmed. Note that the board seat was at a forging company, not a tractor or genset maker.
1.2 Companies he can introduce (map)
| Company | Link to him | What it is | Stamped relevance |
|---|---|---|---|
| Hilton Metal Forging Ltd | Board 2018–2023 | Flanges, oilfield forgings, forged railway wheels and wheelsets; plant at Wada, Palghar | Direct prospect (forge, like LNM) |
| Mahindra Powerol | Former leadership role | India’s No. 1 genset maker FY25 (Frost & Sullivan); Pune-based; >₹2,280 Cr | Network to genset supply chain; possible channel |
| Mahindra Farm Equipment Sector | Former M&M tractor career | Tractor plants (Kandivali, Nagpur, Zaheerabad, Rudrapur) | Supplier base intros |
| Force Motors | Former career | Pune, Chakan, Pithampur plants | Old network [~] |
| HMT (tractors) | Early career | Pinjore, Haryana (largely closed) | Low |
| Forging / casting suppliers to engine and genset makers | Professional network [~] | Kolhapur, Pune, Rajkot clusters | Direct prospects |
1.3 Hilton Metal Forging snapshot (first intro target)
- Plant: Plot 28/29, Shah & Mehta Industrial Estate, Village Ghonsai, Taluka Wada, District Palghar, Maharashtra.
- Registered office: 303 Tanishka, Akurli Road, Kandivali East, Mumbai (FT lists 701 Palm Spring, Malad West
[!]). - Financials: FY25 total income ₹16,822.35 lakh (≈₹168 Cr), PAT ≈₹6.18 Cr (annual report); FT shows trailing revenue ≈₹225 Cr; ~66 permanent employees.
- Leadership: Yuvraj Malhotra (CMD), Mohak Malhotra (CFO), Richa Shah (Company Secretary).
- Business: forged flanges and oilfield components (exports), plus a railway forged-wheel program.
Revenue range (all figures found)
| Entity | FY | Figure | Source |
|---|---|---|---|
| Sukesh Joshi (individual) | — | Not applicable | — |
| Hilton Metal Forging | FY25 | ₹168 Cr total income; PAT ₹6.2 Cr | Annual report 2025 |
| Hilton Metal Forging | TTM | ≈₹225 Cr | FT markets |
| Mahindra Powerol | FY25 | >₹2,280 Cr [~] | Mahindra disclosures |
Working revenue range: not applicable for the person; Hilton Metal Forging ₹168–225 Cr. Confidence: medium (Hilton TTM figure from a market data feed).
1.4 Champion map & decision path
| Type | Name | Role | ||
|---|---|---|---|---|
| Connection | Sukesh Joshi | Advisor | https://www.linkedin.com/in/sukesh-joshi-8b00575 | not found |
| Economic sponsor (Hilton) | Yuvraj Malhotra | CMD | search | unknown |
| Finance (Hilton) | Mohak Malhotra | CFO | search | unknown |
| Plant (Hilton) | Wada plant head | TBD | search | unknown |
| Powerol | Sanjay Jain | SVP & Business Head | https://www.linkedin.com/in/sanjay-jain-a3807720 | unknown |
| Powerol | Sachin Nijhawan | Business Head & Sr VP | https://www.linkedin.com/in/sachin-nijhawan-0946bb15 | unknown |
| Mahindra Agri & New Energy | Rajeev Goyal | CEO (includes Powerol) | mahindra.com/leadership | unknown |
Decision path: Sukesh → Yuvraj Malhotra (promoter decides at a ₹170 Cr listed company) → Wada plant head for data.
2. Energy profile
DISCOM: not applicable — no plant (nearest relevant: Hilton Metal Forging, Wada, Palghar — MSEDCL).
Hilton’s Wada plant runs forging presses/hammers with furnaces (oil or gas fired [!]) plus machining. Electricity estimate ₹25–60 lakh/month [~], a band that may pass our ₹30 lakh floor. Wada is in Maharashtra, outside our North India core, but a forge there is the same process as LNM.
3. Operations, equipment & digital stack
Not applicable for the person. At Hilton: billet cutting, heating furnaces, forging presses and hammers, ring rolling (flanges) [~], heat treatment, CNC machining, inspection. Digital stack unknown; small listed forge, likely meters only at the incomer.
4. Stamped Energy fit analysis
- As a buyer: none.
- As an advisor: strong on genset and engine supply chains, which overlaps with forging and casting suppliers.
- As a referrer: one direct board relationship (Hilton) that fits our forge pattern.
The strongest wedge is: ask for advice first, then one named intro to Yuvraj Malhotra at Hilton Metal Forging for a 60-Day Proof on the Wada forge’s furnaces and demand, verified with evidence.
Secondary: his genset knowledge is useful for DG-heavy plants. Many of our prospects run large DG sets, and he can sanity-check how we treat DG run-hours.
Fit score 5/10: medium for intros only, as the user’s notes say.
5. Before you reach out
- Ask what he is consulting on now and who his clients are.
- Ask whether he stays in touch with Hilton’s promoters after leaving the board.
- Ask which forging/casting suppliers to Mahindra tractors or Powerol he rates.
- Ask whether genset makers see a fuel-cost or DG-hours problem at industrial customers.
- Confirm a preferred email and phone.
- Ask whether he’d be open to a light advisory role.
- Do not lead with a sales pitch; he is a peer and advisor.
- Do not ask him to share confidential board information about Hilton.
- Do not lead with solar; he consults on it and it’s not our product.
6. Risks, flags, controversies & sources
6.1 Integrity / controversy / regulatory
- Stale network risk: his board seat ended in August 2023 and his corporate roles are older; introductions may be warm but not current.
- Hilton Metal Forging: small listed company with thin profit (≈₹6 Cr PAT); payment capacity and decision speed should be checked.
- Controversies (person): none found (searched: “Sukesh Joshi” director disqualification, SEBI, court, 2018–2026).
- Controversies (Hilton): none material found in 2024–2026 news (searched: “Hilton Metal Forging” SEBI order, pollution, labour).
6.2 Data quality flags
- Exact roles and years at HMT, Force and Mahindra are summarised from the Hilton disclosure and LinkedIn, not verified individually.
- Hilton’s electricity bill is an estimate.
- No email for Sukesh Joshi found.
6.3 Sources consulted
- Hilton Reg. 30 disclosure on his retirement: https://hiltonmetal.com/wp-content/uploads/2023/09/3.DisclosureRegulation30SukeshJoshi.pdf
- Hilton annual report 2024: https://www.hiltonmetal.com/wp-content/uploads/2024/09/ANNUALREPORT.pdf
- Hilton annual report 2025: https://hiltonmetal.com/wp-content/uploads/2025/08/Annual-Report.pdf
- Hilton 17th AGM proceedings: https://hiltonmetal.com/wp-content/uploads/2022/09/Proceedings-of-the-17th-AGM_Hilton_signed.pdf
- Board Stewardship note: https://boardstewardship.com/sukesh-joshi-independent-director-of-hilton-metal-forging-retires/
- Zauba director page: https://zauba.company/director/sukesh_kumar_joshi/08153689
- Simply Wall St management: https://simplywall.st/stocks/in/capital-goods/bse-532847/hilton-metal-forging-shares/management
- IIFL directors’ report: https://www.indiainfoline.com/company/hilton-metal-forging-ltd/reports/directors-report
- FT tearsheet: https://markets.ft.com/data/equities/tearsheet/profile?s=HILTON%3ANSI
- BSE filing: https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ce090275-02af-4dfe-bcae-890e2cc7b011.pdf
- Mahindra Powerol No. 1 release: https://www.mahindra.com/news-room/press-release/en/mahindra-powerol-announced-as-indias-no1-genset-manufacturer-in-fy25-by-frost-and-sullivan
- Mahindra leadership: https://www.mahindra.com/leadership
- Powerol at Constro 2026: https://www.punekarnews.in/mahindra-powerol-gensets-and-shyam-global-techno-ventures-mark-a-grand-presence-at-constro-2026-international-expo/
- Sukesh Joshi LinkedIn: https://www.linkedin.com/in/sukesh-joshi-8b00575
- Sachin Nijhawan: https://linkedin.com/in/sachin-nijhawan-0946bb15 ; Sanjay Jain: https://linkedin.com/in/sanjay-jain-a3807720