Rakshit Hargave takes charge as CEO and MD at Britannia Industries

MUMBAI: Rakshit Hargave has formally assumed charge as chief executive officer and managing director of Britannia Industries, the company said on Monday.

His appointment, cleared by the board on November 10 following a recommendation by the nomination and remuneration committee, is for a five-year term beginning December 15, 2025.

The appointment marks one of the FMCG sector’s most talked-about leadership transitions this year. He will report directly to managing director and chairman of Britannia Industries Varun Berry.  

Grasim Industries, the parent company of Birla Opus Paints, confirmed that Hargave had resigned from his role, effective December 5. Grasim praised Hargave’s four-year stint, noting his instrumental role in transforming Birla Opus from blueprint to brand.

Hargave joined the Aditya Birla Group in 2021, leading Birla Opus through its ambitious entry into the competitive paints market. His move to Britannia now positions him at the centre of another storied Indian brand, one balancing legacy with innovation in an increasingly crowded FMCG landscape.

Alongside Hargave, the authorised executives include N Venkataraman, executive director and chief financial officer, and TV Thulsidass, company secretary.

The company said investor communications will continue to be routed through its designated investor relations channels, in line with disclosure norms.