Satpute replaces Ajay Sambrani as new Country Manager of the Pune-headquartered firm following the former's resignation from the organisation.
"Parag Satpute has been appointed as the Country Manager, India at Sandvik Asia, Indian subsidiary of Sandvik - a global industrial group with world-leading specialised advanced engineering products and services," the company said in a release.
Sandvik has set up five manufacturing units in India and are located at Pune, Mehsana Hosur Hyderabad and Chiplun.
Sandvik has recently acquired 50 acres of land to set up a multi-nodal manufacturing facility at Chakan Industrial Area, which is part of the Maharashtra Industrial Development Corporation (MIDC) Industrial Park, near Pune.