Britannia has announced the appointment of Rakshit Hargave as the new Managing Director and Chief Executive Officer, effective December 15, 2025. Varun Berry, the current Vice-Chairman, Managing Director & CEO, will step down on November 10, 2025. In the interim, N. Venkataraman will take on additional responsibilities as Chief Executive Officer.
Leadership Transition at Britannia
Varun Berry has submitted his resignation from the position of Vice-Chairman, Managing Director & Chief Executive Officer of Britannia. His resignation has been accepted, and he will be relieved from his duties effective November 10, 2025.
Appointment of Rakshit Hargave
The Board has appointed Rakshit Hargave as the new Managing Director and Chief Executive Officer, effective December 15, 2025. Britannia welcomes Rakshit to lead the company forward.
Interim Leadership
In the period between Varun Berry’s departure and Rakshit Hargave’s commencement, N. Venkataraman, the current Executive Director and Chief Financial Officer, will assume the additional charge of Chief Executive Officer.
Rakshit Hargave’s Background
Prior to joining Britannia, Rakshit Hargave held the position of Chief Executive Officer of Birla Opus, the paints venture of Grasim Industries. He played a key role in scaling up the decorative paints business, building a high-performing team, establishing 6 integrated manufacturing facilities, and scaling the distribution and supply chain network.
Past Experience
Rakshit Hargave has held operational, sales, marketing, and leadership roles at various companies, including Beiersdorf, Hindustan Unilever, Jubilant Foodworks, Nestle India, and Tata Motors.
Strategic Goals
The Board of Directors has identified key levers for growth to become a global total Foods Company:
* Leadership in innovation and diversification
* Aggressively address regional competitors supported by cost efficiencies
* Profit improvement through growth in top line and market share gain
* Focused growth in adjacency businesses
* Expansion of International footprint
The Board expresses confidence in the management team’s ability to elevate the company to new heights under the new leadership.
Source: BSE
