VIP Industries Limited announced key changes to its Senior Management Team following a Board meeting held on March 10, 2026. Mr. Rahul Poddar has been appointed as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective March 11, 2026. This follows the relinquishment of the position by Mr. Manish Desai, who will transition to a new internal role within the organization.
Leadership Transition in Senior Management
The Board of Directors of VIP Industries Limited, during its meeting on March 10, 2026, formally approved significant appointments within its leadership structure. The Board accepted the recommendation of the Nomination and Remuneration Committee and the Audit Committee to appoint Mr. Rahul Poddar as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). This appointment takes effect from the commencement of business on March 11, 2026.
CFO Relinquishment and New Role for Manish Desai
Concurrently, the Board acknowledged the decision of Mr. Manish Desai to relinquish his responsibilities as CFO and KMP, effective at the close of business on March 10, 2026. The Company noted that Mr. Desai will continue his association with VIP Industries Limited, assuming a new role within the organization. The Board extended its appreciation for his service in the CFO capacity.
Profile of Incoming CFO, Rahul Poddar
Mr. Rahul Poddar is a seasoned professional, bringing over 20 years of diversified experience across business operations and finance. His background spans customer-centric retail, manufacturing, and e-commerce sectors. His expertise covers strategic planning, financial management, internal controls, ERP implementation, digital transformation, and treasury management.
Prior to joining VIP Industries, Mr. Poddar held senior roles, including Group Controller at Reliance Retail Ventures Limited and CFO for Reliance Jewels. His experience in previous leadership positions at Alstom Transport India and Titan Company Ltd. is also noted.
Authorization for Stock Exchange Disclosures
Further to the appointments, the Board has authorized the new CFO, Mr. Rahul Poddar, to determine the materiality of any event or information for disclosure purposes. This authority aligns with the Board’s policy on materiality determination. The following Key Managerial Personnel are now jointly authorized to handle disclosures:
- Mr. Atul Jain – Managing Director
- Mr. Rahul Poddar – Chief Financial Officer
- Mr. Ashitosh Sheth – Company Secretary & Head – Legal
Source: BSE
