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Pidilite appoints Sudhanshu Vats as Managing Director Designate

Posted On : 2024-02-29 22:25:25( TIMEZONE : IST )

Pidilite appoints Sudhanshu Vats as Managing Director Designate

The Board of Directors of Pidilite Industries Limited today approved the appointment of Mr. Sudhanshu Vats as Managing Director Designate. The Board also approved the appointment of Mr. Kavinder Singh as Executive Director and Joint Managing Director Designate.

They will take charge as Managing Director and Joint Managing Director, from April 2025, after the completion of term of the current Managing Director, Mr. Bharat Puri.

Commenting on the announcement, Mr. M. B. Parekh, Executive Chairman of Pidilite Industries, said "The appointments of Sudhanshu and Kavinder will reflect the next phase of the Pidilite leadership journey. I look forward to working with the two of them in building the Pidilite of the future".

Mr. Sudhanshu Vats is the current Deputy Managing Director of Pidilite Industries. Prior to Pidilite Industries, he was the CEO and Managing Director at EPL Ltd (formerly known as Essel Propack Ltd). He also led Viacom 18 Media Private Limited for 8 years as their Group CEO & Managing Director. He started his career with Hindustan Lever Limited as Management Trainee in 1991 and spent about twenty years in various sales, marketing and general management leadership roles.

Mr. Kavinder Singh is currently the Managing Director and CEO of Mahindra Holidays and Resorts India Ltd (MHRIL). During his tenure, MHRIL grew to become a billion dollar market capitalisation company from approximately USD 200 million. His experience in the consumer goods sector includes various stints at Asian Paints, ITC Ltd, and Pidilite Industries.

Shares of Pidilite Industries Limited was last trading in BSE at Rs. 2738.05 as compared to the previous close of Rs. 2701.10. The total number of shares traded during the day was 6225 in over 940 trades.

The stock hit an intraday high of Rs. 2745.00 and intraday low of 2663.70. The net turnover during the day was Rs. 16897386.00.

Source : Equity Bulls


PidiliteIndustries INE318A01026 Appointment MD