NewsStocksAkzo Nobel India appoints Shantanu Khosla as independent director; Parth Jindal named chairmanAkzo Nobel India appoints Shantanu Khosla as independent director; Parth Jindal named chairman
Akzo Nobel India restructured its leadership team with multiple board appointments effective January 9, 2026. Shantanu Khosla joined as independent director for three years, Parth Jindal was appointed as non-executive director and chairman, while Rajiv Rajgopal transitioned from chairman and MD to joint MD & CEO. The company recently reported strong quarterly results with net profit of ₹1,682 crore driven by exceptional gains.
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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.
| Position | Name | Category | Term/Details |
|---|---|---|---|
| Independent Director | Shantanu Maharaj Khosla | Additional Director | 3 years (Jan 9, 2026 - Jan 8, 2029) |
| Chairman | Parth Jindal | Non-executive, Non-independent | Effective immediately |
| Joint MD & CEO | Rajiv Rajgopal | Re-designation | Previous: Chairman & MD |
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.
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