Job title: Product Specialist

Location: Pune

About Us 

Ingersoll Rand is a Fortune 500 company with a passion for making lives better.  We do this by living our values, and through a relentless focus on the success of our customers and partnering with our employees to think and act like owners. We believe in sustainability through the development and distribution of a broad range of global brands designed to meet the needs of our customers in both efficient and responsible ways. Ingersoll Rand is a diverse and inclusive environment.  For more information visit: www.irco.com.

Job Overview:

Ingersoll Rand’s Power Tools Business Area in India is seeking a Product Manager to lead strategic and tactical product management for the Precision Fastening Assembly Tool Category, driving double-digit growth and market share expansion across India. This role combines visionary strategy development with data-driven execution, ensuring the portfolio meets evolving customer needs while delivering measurable business impact.

Responsibilities:

• Own the category P&L, accountable for achieving 100 Million INR over our annual revenue, 20% margin improvement, and 30% market share growth YOY.
• Support the execution of a 3-year product roadmap and technology pipeline, targeting 3 new products launched and mixed with localized innovation adoption with ETO contributing up to 20%.
• Support end-to-end product lifecycle management driven by global, from ideation to commercialization, ensuring on-time delivery of projects with 100% adherence to launch timelines.
• Conduct market and competitive analysis to identify 50 Million growth opportunities and 30% cost optimization potential through localization initiatives.
• Collaborate cross-functionally with sales, marketing, engineering, and operations to align global priorities and deliver 100% improvement in customer satisfaction scores, will be measured with NPS, Win rate, CRR.
• Implement pricing strategies by region and channel to maximize profitability, targeting 5% price realization improvement.
• Drive strategic acceleration programs to penetrate key verticals and geographies, aiming for 10% CAGR over 3 years for NPDs.

Requirements:

• Bachelor's degree in Engineering; MBA Preferred
• Knowledge of AI and ML is good to have
• 5+ Years Product management experience in precision power tools or assembly tools.
• Proven track record of delivering 100 Million INR over revenue growth at 30% margin improvement.
• Strong analytical skills, P&L management, and cross-functional leadership.
• Willingness to travel acroos India 60% of the month.

What we Offer 

• We are all owners of the company! Stock options (Employee Ownership Program) that align your interests with the company's success.  
• Yearly performance-based bonus, rewarding your hard work and dedication  
• Leave Encashments  
• Maternity/Paternity Leaves 
• Employee Health covered under Medical, Group Term Life & Accident Insurance 
• Employee Assistance Program  
• Employee development with LinkedIn Learning  
• Employee recognition via Awardco  
• Collaborative, multicultural work environment with a team of dedicated professionals, fostering innovation and teamwork.  
  
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