Britannia Industries Limited has confirmed the appointment of Mr. Rakshit Hargave (DIN: 03406793) as the Chief Executive Officer and Managing Director. The appointment, which is not liable to retire by rotation, is effective for a five-year term starting December 15, 2025, through December 14, 2030. The approval was secured through a Postal Ballot process, the results of which were declared on March 15, 2026.
Key Executive Appointment Confirmed
Britannia Industries Limited announced the successful approval from its members regarding the appointment of Mr. Rakshit Hargave (DIN: 03406793) to the dual roles of Chief Executive Officer and Managing Director of the Company. This resolution was passed via a Postal Ballot, with the results being declared on Sunday, March 15, 2026, at 11:23 P.M. (IST).
The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, had initially approved this appointment on November 10, 2025. The term of Mr. Hargave’s appointment is set for 5 (five) years, commencing on December 15, 2025, and concluding on December 14, 2030, inclusive. Notably, the position is structured so that he is not liable to retire by rotation.
Profile of Mr. Rakshit Hargave
Mr. Rakshit Hargave is described as a veteran of the consumer industry with extensive experience across India and overseas markets. His previous roles include serving as the CEO of Birla Opus, the paint venture of the Aditya Birla Group. He also managed operations for Beiersdorf (NIVEA) across India, Africa, ASEAN, and ANZ regions.
Further experience includes serving as Chief Operating Officer at Lakme Lever (Hindustan Unilever) and working with Jubilant Food Works, where he oversaw the launch of the Domino’s Pizza 30 minutes guarantee delivery model. His early career also included roles at Nestle India managing Maggi Noodles and a stint with Tata Motors.
Mr. Hargave holds an MBA from the Faculty of Management Studies (FMS) and a degree in Electrical Engineering from IIT (BHU) Varanasi, for which he has been recognized with the Distinguished Young Alumni Award.
Regulatory Disclosures
It is confirmed that Mr. Rakshit Hargave is not related to any of the Directors of the Company. Furthermore, he is not debarred from holding the Office of Director by virtue of any order from SEBI or any other authority.
Source: BSE
