Cosmo First Limited, a prominent player in the Indian corporate landscape, has recently announced significant changes in its Information Technology (IT) department leadership. The company has appointed a new Vice President of IT while bidding farewell to its General Manager-IT.

New Appointment

Anurag Chaube has been appointed as the new Vice President-Information Technology at Cosmo First Limited, effective November 17, 2025. Chaube brings with him a wealth of experience in the IT sector, which is expected to contribute to the company's technological initiatives.

Anurag Chaube's Profile

• PGDCA from IIHT Raipur
• PGD (Business Management-IT) from IMT Ghaziabad
• BCS from Allahabad University |

Departure

Simultaneously, the company announced the resignation of Sriram Arthanari, who has been serving as the General Manager-IT. Arthanari's decision to leave the company is attributed to personal reasons and his plans to relocate to his hometown.

Sriram Arthanari's Departure Details

This transition in the IT leadership comes at a time when technology plays an increasingly crucial role in corporate strategy and operations. Chaube's extensive experience in enterprise business applications and cloud solutions aligns with the growing emphasis on digital transformation across industries.

Cosmo First Limited's approach in managing this transition, as evidenced by the appointment of a new VP-IT, demonstrates the company's commitment to maintaining leadership in its technology department. As organizations continue to rely heavily on IT infrastructure for their operations and growth, such strategic appointments can be significant in driving innovation and efficiency.

The company has not disclosed any immediate changes to its IT strategy or ongoing projects in light of this leadership transition.

Cosmo First Limited , a leading global conglomerate in specialty films and chemicals, has announced a significant strategic move by entering into a 50-50 joint venture with Filmax Corporation, a renowned South Korean films and chemical company. This partnership aims to introduce and scale multiple business verticals of Cosmo First in the South Korean market while leveraging Filmax's strong local market presence.

Key Highlights of the Joint Venture

• Equal Partnership: Cosmo First and Filmax Corporation will share an equal 50% stake in the new joint venture, demonstrating a balanced commitment to long-term growth and value creation.

• Market Expansion: The joint venture will focus on the distribution, sale, and marketing of flexible packaging and other products manufactured by both companies in the South Korean market.

• Leveraging Strengths: The partnership combines Cosmo First's cutting-edge technology and global supply chain with Filmax Corporation's robust brand equity and market reach in South Korea.

• Board Representation: Both companies will appoint two directors each to the board of the joint venture company, ensuring equal representation in decision-making.

Strategic Implications

This joint venture marks a significant step for Cosmo First in expanding its global footprint, particularly in the South Korean market. By partnering with a well-established local player, Cosmo First aims to accelerate its market penetration and leverage synergies in product development and distribution.

Financial Context

While specific financial details of the joint venture were not disclosed, it's worth noting Cosmo First's recent financial performance:

The company's strong financial position, with a consolidated EBITDA margin of 14.20% in H1 FY26, suggests it is well-positioned to invest in and support this new joint venture.

Management Commentary

Mr. Ashok Jaipuria, Chairman and Managing Director of Cosmo First, expressed enthusiasm about the collaboration, stating, "This partnership marks an exciting new chapter for Cosmo First. By joining hands with Filmax Corporation, we merge global innovation with South Korean excellence. Together, we are confident of achieving ambitious growth, delivering superior value to customers across the globe, and setting new standards in specialty film solutions."

Mr. Byung Ik Woo, Chairman of Filmax Corporation, added, "Our partnership with Cosmo First is a major step toward not only reinforcing our leadership position in the region but also taking our expertise to the global stage. We look forward to driving this impactful and value-driven association."

Conclusion

This strategic joint venture aligns with Cosmo First's global expansion strategy and its focus on high-value specialty films. As the company continues to innovate and expand its product portfolio, this partnership with Filmax Corporation could potentially open new avenues for growth and strengthen its position in the Asian market.

Investors and industry observers will be keenly watching how this joint venture unfolds and its impact on Cosmo First's future financial performance and market position in the competitive specialty films and chemicals sector.