Paints manufacturer Akzo Nobel India announced significant leadership changes on Friday, appointing Parth Jindal as Chairman with immediate effect. The appointment comes following JSW Paints' strategic acquisition of a majority stake in the company last year.

Leadership Transition Details

The board of directors approved Jindal's appointment during a meeting held on Friday, though the decision remains subject to shareholders' approval. Jindal currently serves as Managing Director of both JSW Paints and JSW Cements, bringing extensive experience in the paints and building materials sectors to his new role.

Strategic Context

The appointment follows JSW Paints' acquisition of a majority stake in Akzo Nobel India through a substantial ₹12,915.00 crore deal completed last year. This transaction positioned JSW Paints as the company's promoter, setting the stage for the current leadership restructuring.

Additional Board Changes

The board approved several other key appointments and role modifications. Rajiv Rajgopal, currently serving as Chairman and Managing Director, will be re-designated as Joint Managing Director & Chief Executive Officer effective January 9, 2026. His existing terms and conditions of appointment, previously approved by shareholders, will remain unchanged.

Independent Director Appointment

The board also approved the appointment of Shantanu Maharaj Khosla as an independent additional director. His tenure will span three years, from the appointment date until January 8, 2029, subject to shareholders' approval.

These leadership changes reflect the ongoing integration process following the JSW Paints acquisition, positioning Akzo Nobel India for its next phase of growth under new ownership structure.

Akzo Nobel India Limited announced a comprehensive restructuring of its board and senior management following a board of directors meeting held on January 9, 2026. The changes include key appointments and re-designations that will shape the company's leadership structure moving forward.

Key Board Appointments

The board approved several significant appointments effective January 9, 2026. The most notable changes include new director appointments and leadership restructuring across multiple levels of the organization.

Leadership Changes and Appointments

Shantanu Maharaj Khosla's appointment as additional director in the independent category was based on recommendations from the Nomination and Remuneration Committee. His three-year term extends from January 9, 2026, through January 8, 2029, subject to shareholder approval.

Parth Jindal, who serves as Managing Director of JSW Paints Limited and JSW Cements Limited, joined the board as an additional director in the non-executive, non-independent category. Following his board appointment, Jindal was immediately designated as chairman of Akzo Nobel India.

Management Restructuring

Rajiv Rajgopal underwent a significant role transition, moving from his previous position as chairman and managing director to joint managing director and chief executive officer. The company confirmed that all other terms and conditions of his appointment, as previously approved by shareholders, remain unchanged.

Recent Financial Performance

Akzo Nobel India reported exceptional financial results for the July-September quarter, with consolidated net profit reaching ₹1,682.00 crore compared to ₹97.00 crore in the same period of the previous year. This dramatic increase was primarily attributed to a one-time exceptional gain of ₹1,874.00 crore recorded during the quarter.

Market Performance

Shares of Akzo Nobel India closed at ₹3,111.20 on Friday, declining by ₹49.90 or 1.58% during the trading session. All appointments announced are subject to approval by the company's shareholders at the appropriate forums.