Forging ahead.

TIVA Appoints Ranade as Chief Operating Officer

Pune, India - March 22, 2012

TIVA Global (TIVA Engineering Pvt. Ltd.) has named Hemant Ranade, who recently led the company's operational integration and restructuring with Duke Corporation, to fill the newly created position of Chief Operating Officer.

Hemant Ranade, who recently worked with Indiana Gratings and Suessen Asia to expand international operations in both firms, will take charge of TIVA's operations, overseeing the operational performance of TIVA's four production facilities in India, and working with the executive management team to expand and enhance the firm's operational capabilities.

Since establishing its joint venture with Duke Corporation, TIVA has made a series of executive management appointments as it transitions Duke Corporation operations into the entity.

"Hemant has done an excellent job delivering strong results thus far in TIVA, and more recently helping us focus our efforts in the execution of our strategy," said Mr. McDannold, TIVA's CEO. "Hemant brings a wealth of experience gained at other multinational firms, and will prove extremely valuable to TIVA as we enhance our capabilities to service the global market."

About TIVA Global

TIVA Global (TIVA Engineering, Pvt. Ltd.) is a leading global manufacturer of precision engineered steel and stainless steel components and assemblies. TIVA has office locations in India, Europe and the United States, with all production facilities in India. TIVA was established after the joint acquisition of Gera Auto and a joint venture with Duke Corporation, a major global investor and manufacturer with 26 portfolio companies worldwide.

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