The Board of Directors of VIP Industries Limited approved key leadership changes following their meeting on March 10, 2026. Mr. Rahul Poddar has been appointed as the new Chief Financial Officer (CFO) and Key Managerial Personnel, effective March 11, 2026. Concurrently, the incumbent CFO, Mr. Manish Desai, has relinquished his role but will continue with the company in a new internal capacity.
Key Management Appointments Approved
VIP Industries Limited announced significant changes to its top financial management structure following the conclusion of the Board of Directors meeting held on March 10, 2026. The Board formally considered and approved the appointment of Mr. Rahul Poddar as the new Chief Financial Officer (CFO) and a member of the Senior Management Team, effective from March 11, 2026. This decision was made based on the recommendations put forth by the Nomination and Remuneration Committee and the Audit Committee.
Outgoing CFO Moves to New Role
The existing CFO, Mr. Manish Desai, has stepped down from the position of CFO and Key Managerial Personnel (KMP) effective at the close of business on March 10, 2026. The company confirmed that Mr. Desai will remain employed within the organization, taking on a new role. The Board expressed its deep appreciation for Mr. Desai’s past services and contributions to the Company.
Profile of New CFO: Rahul Poddar
Mr. Rahul Poddar is a seasoned professional, bringing over 20 years of diversified experience across various sectors including customer-centric retail, manufacturing, and e-commerce. He is a Chartered Accountant with deep expertise in strategy, financial management, internal controls, ERP implementation, and treasury management.
Prior to joining VIP Industries, Mr. Poddar held significant roles, including serving as Group Controller at Reliance Retail Ventures Limited and as CFO for Reliance Jewels. In these capacities, he successfully led major finance transformation initiatives, oversaw governance, M&A, and ensured strict statutory compliance.
Authorized Personnel for Disclosures
Furthermore, the Board has jointly authorized the following Key Managerial Personnel to determine the materiality of any event or information and to make requisite disclosures to the Stock Exchanges:
- Mr. Atul Jain – Managing Director
- Mr. Rahul Poddar – Chief Financial Officer
- Mr. Ashitosh Sheth – Company Secretary & Head – Legal
The Board meeting commenced at 03:30 PM and concluded at 04:11 PM on the date of the announcement.
Source: BSE
