Vadilal Industries Limited , a prominent player in the Indian ice cream market, has announced a significant leadership change. The company's Board of Directors has approved the appointment of Himanshu Kanwar as the new Chief Executive Officer (CEO) and Key Managerial Personnel, effective September 29, 2025.

Appointment Details

The decision to appoint Kanwar was made during a board meeting held on September 9, 2025, following a recommendation from the Nomination & Remuneration Committee. Kanwar's tenure as CEO is set for a period of five years, signaling the company's commitment to long-term strategic leadership.

Himanshu Kanwar's Profile

Himanshu Kanwar brings over two decades of rich experience in the consumer business sector to Vadilal Industries. His career highlights include:

• Current Role: General Manager, Growth & Marketing Practice at XTO10X, where he mentors fast-scaling consumer businesses across various sectors including beauty, food, fintech, and OTT.
• Previous Experience: Senior leadership roles at Hindustan Unilever Limited (HUL), including:
  • Business Head for Ice Creams
  • Global Brand Director for HUL's South Asia Haircare portfolio

Professional Achievements

During his tenure at HUL, Kanwar made significant contributions:

• As Ice Cream Business Head, he drove robust growth through strategic acquisitions, disruptive innovations, and sustained margin expansion.
• In his role as Global Brand Director, he led brand strategy, innovation pipelines, and positioning refreshes for iconic personal care brands, strengthening HUL's market leadership.

Educational Background

Kanwar's educational qualifications underscore his blend of technical and management expertise:

• MBA from Indian Institute of Management Calcutta, specializing in Marketing
• Computer Engineering degree from Delhi College of Engineering

Industry Perspective

Kanwar is recognized in the industry for his ability to bridge the gap between established FMCG companies and emerging digital-first businesses. His experience spans:

• Classical brand-building
• New-age digital marketing
• Driving innovation and market transformation
• Creating sustainable value in consumer businesses

Vadilal's Strategic Move

The appointment of Himanshu Kanwar as CEO appears to be a strategic decision by Vadilal Industries to leverage his extensive experience in the FMCG sector, particularly in ice creams. His background in both traditional and digital marketing strategies could potentially help Vadilal navigate the evolving consumer landscape and drive growth in the competitive ice cream market.

As Vadilal Industries prepares for this leadership transition, stakeholders will be watching closely to see how Kanwar's expertise and vision will shape the company's future strategies and market position in the coming years.

Vadilal Industries Limited , a prominent player in the ice cream and frozen food industry, has announced its unaudited financial results for the second quarter and half year ended September 30, 2022, showcasing robust growth across key financial metrics.

Standalone Performance

On a standalone basis, Vadilal Industries demonstrated impressive financial performance:

Consolidated Results

The company's consolidated financial results paint an even more promising picture:

These figures underscore Vadilal Industries' strong market position and operational efficiency during the period under review.

Strategic Expansion

In a significant move to strengthen its international presence, Vadilal Industries (USA) Inc., a subsidiary of the company, acquired 100% voting rights of Krishna Krupa Corporation for $250,000 in June 2022. This acquisition is expected to bolster the company's foothold in the US market.

Auditor's Review and Corporate Governance

The auditor's review report highlighted certain governance concerns:

1. Unresolved allegations between two promoter directors involving potential personal expenses claimed as business expenditure, totaling ₹25.33 and ₹25.00 respectively.
2. An ongoing petition under the Companies Act 2013 regarding oppression and mismanagement, scheduled for hearing on November 30, 2022.

These matters underscore the importance of corporate governance and transparency in the company's operations.

Conclusion

Vadilal Industries Limited's financial results for Q2 and H1 of 2022-23 reflect strong operational performance and growth. However, the company faces challenges in corporate governance that warrant attention. As the ice cream and frozen food market continues to evolve, stakeholders will be closely watching how Vadilal Industries addresses these issues while maintaining its growth trajectory.