Ajay Marathe has served as our Chief Operating Officer since November 2022. He brings 38-years of experience to Enovix including holding executive positions at Western Digital Corporation, Lumileds LLC, Solaria Corporation and Advanced Micro Devices (AMD).
Most recently, Ajay was senior vice president of global operations at Western Digital, a $17 billion storage solution company. Prior to that he was chief operating officer of Lumileds for ten years, a $1.4 billion lighting company, with global manufacturing sites in the U.S and Asia, supplying consumer electronics companies, as well as the automotive industry.
Before Lumileds, he served as senior vice president of operations at Solaria Corporation, a solar module manufacturer. For nearly 23 years, Ajay held positions at AMD including Thailand director of operations responsible for assembly and test of six million units per week, vice president of operations of the 2,500-employee computation products group, vice president of operations for assembly and test, and finally president of AMD India LLC, a startup created to serve the country.
Ajay received a Bachelor of Engineering in production engineering from Veermata Jijabai Technological Institute, University of Bombay, India, in 1982, and a Master of Science in industrial engineering/operations research from Texas Tech University in 1983.
What is Ajay Marathe's net worth?
The estimated net worth of Ajay Marathe is at least $9.11 million as of October 8th, 2025. Mr. Marathe owns 1,002,684 shares of Enovix stock worth more than $9,114,398 as of December 4th. This net worth estimate does not reflect any other assets that Mr. Marathe may own. Additionally, Mr. Marathe receives a salary of $585,210.00 as COO at Enovix. Learn More about Ajay Marathe's net worth.
What is Ajay Marathe's salary?
As the COO of Enovix Corporation, Mr. Marathe earns $585,210.00 per year. The highest earning executive at Enovix is Dr. Raj Talluri, President, CEO & Director, who commands a salary of $890,110.00 per year. Learn More on Ajay Marathe's salary.
How do I contact Ajay Marathe?
Has Ajay Marathe been buying or selling shares of Enovix?
During the last quarter, Ajay Marathe has sold $1,683,182.00 in shares of Enovix stock. Most recently, Ajay Marathe sold 18,614 shares of the business's stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $13.00, for a transaction totalling $241,982.00. Following the completion of the sale, the chief operating officer now directly owns 1,002,684 shares of the company's stock, valued at $13,034,892. Learn More on Ajay Marathe's trading history.
Who are Enovix's active insiders?
Are insiders buying or selling shares of Enovix?
During the last twelve months, insiders at the sold shares 3 times. They sold a total of 438,614 shares worth more than $4,488,182.00. The most recent insider tranaction occured on October, 8th when COO Ajay Marathe sold 18,614 shares worth more than $241,982.00. Insiders at Enovix own 14.1% of the company.
Learn More about insider trades at Enovix. Information on this page was last updated on 10/8/2025.
