Britannia Industries , a leading Indian food company, has announced a significant change in its top leadership. The company's Board of Directors has approved the appointment of Rakshit Hargave as the new Chief Executive Officer (CEO), effective from December 15, 2025. This strategic move comes as part of Britannia's efforts to strengthen its executive team and drive future growth.

Key Details of the Appointment

Leadership Transition

Hargave's appointment follows the departure of Rajneet Singh Kohli in March 2025. Since then, Varun Berry, the Managing Director and Chairman of Britannia Industries, has been serving as the interim CEO. With Hargave's induction, Berry will continue in his role as Managing Director and Chairman, with the new CEO reporting directly to him.

Rakshit Hargave's Professional Background

Hargave brings a wealth of experience in the consumer industry, both in India and internationally. His career highlights include:

• CEO of Birla Opus, the paints venture of Aditya Birla Group
• Head of operations for Beiersdorf (makers of NIVEA) in ASEAN and ANZ regions
• Head of Africa operations and Managing Director of Nivea India
• Sales and Marketing Director at Hindustan Unilever
• Chief Operating Officer at Lakme Lever
• Successful launch of Domino's Pizza 30-minute delivery guarantee model at Jubilant Foodworks

Educational Background

Hargave has also been recognized with the Distinguished Young Alumni Award from IIT Varanasi.

Implications for Britannia Industries

The appointment of Rakshit Hargave as CEO is a strategic move for Britannia Industries. His extensive experience in the consumer goods sector, coupled with his track record of successful leadership in various multinational companies, positions him well to lead Britannia's next phase of growth and innovation.

As Britannia Industries prepares for this leadership transition, shareholders will have the opportunity to approve Hargave's appointment through a postal ballot, details of which will be circulated in due course.

The company's decision to bring in a leader with diverse industry experience signals its commitment to maintaining its competitive edge in the fast-evolving consumer goods market. Stakeholders will be keenly watching how Hargave's leadership will shape Britannia's strategies and market position in the coming years.

Britannia Industries Limited, a leading food and beverage company in India, has announced the resignation of Dr. Urjit Patel from its board. Dr. Patel, who served as a Non-Executive Independent Director, has stepped down effective October 30, 2025.

Reason for Resignation

In his resignation letter, Dr. Patel cited his new full-time assignment as the primary reason for his departure. He has been appointed as the Executive Director representing India at the International Monetary Fund (IMF). The time constraints associated with this role have compelled him to relinquish his position at Britannia Industries.

Board Changes

As a result of his resignation, Dr. Patel will also step down from his role as a member of the Strategy and Innovation Steering Committee of the company. The Board of Directors, through a circular resolution dated October 30, 2025, has acknowledged Dr. Patel's resignation and expressed their appreciation for his contributions during his tenure.

Corporate Governance Implications

Dr. Patel's departure marks a change in Britannia Industries' board composition. The company may need to consider appointing a new independent director to maintain the required board structure as per regulatory guidelines.

Additional Information

Britannia Industries has also announced a board meeting scheduled for November 5, 2025, to consider and approve the unaudited consolidated and standalone financial results for the quarter and half-year ended September 30, 2025.

The resignation of Dr. Urjit Patel, given his new role at the IMF, highlights the dynamic nature of corporate governance and the interplay between private sector leadership and international financial institutions.