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Sanjiv Puri to take over as chairman of ITC

Sanjiv Puri, Managing Director, ITC is likely to take over the role of its chairman following the demise of YC Deveshwar. Puri, 56, was being mentored by Deveshwar for the dual role of chairman-cum-managing director for a transition originally scheduled for 2021-22. Puri became CEO in 2017 and managing director the following year.

Puri is already chairman of ITC’s corporate management committee. An alumnus of IIT-Kanpur and Wharton School of Business, he joined the company in 1986 and rose through the ranks like his predecessor. Between 2001 and 2006, he was the Managing Director of Surya Nepal, ITC’s joint venture subsidiary in the neighbouring country. He then led the IT business subsidiary, ITC Infotech India Ltd, as its MD till 2009 when he was appointed the divisional chief executive of the cigarette business with additional responsibility for the entire cigarette and FMCG (fastmoving consumer goods) distribution and the trade marketing vertical.

In 2014, he was made president of the FMCG businesses, a new position that was created to take overall charge of the entire segment. In 2015, he became an executive director when he was made overall in charge of FMCG, paperboards, paper and packaging and agri-businesses. In 2016, he was appointed to a new role of chief operating officer. In 2017, Puri was made the CEO, taking independent charge of executive leadership at ITC when Deveshwar retired from his executive role.

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Campus Sutra targets growth through product, retail expansion

Campus Sutra targets growth through product, retail expansion

“We keep pushing the envelope and introduce newer and better version of our products every season,” notes Aditya Agarwal, Co -Founder. “This season, we are focusing on technologies like UV... Read more

Asics expanding product range and retail network

Asics expanding product range and retail network

Rajat Khurana, Managing Director-Operations, Asics feels, yoga pants and gym clothes have taken over the mainstream apparel sector and are even threatening to dethrone denim as the go-to basic. The... Read more

Smag introduces athleisure series, expects 40 per cent market growth

Smag introduces athleisure series, expects 40 per cent market growth

Celebrating 10th year of its establishment, Smag Retails is introducing an athleisure series in sweat shirts and knitted coats in blazer categories. “Sweat shirts and jackets are in demand,” notes... Read more

H&M India sales cross Rs 1,100 crores

H&M India sales cross Rs 1,100 crores

H&M has crossed Rs 1,100 crores in sales in India during the year ended November 2018. The Swedish fashion retailer entered India in October 2015. The company has been lucky... Read more

Numero Uno looking to create meaningful classic products

Numero Uno looking to create meaningful classic products

In its S/S ’19 collection, Numero Uno focuses on macro trends. For example, Feeling Natural, is a theme inspired by nature, with its slubby, injected textures and home -spun structures in... Read more

Myntra chalks out new strategies to drive growth

Myntra chalks out new strategies to drive growth

A lot is taking place at Myntra. Firstly, the e-commerce company plans to move out of its current Bengaluru office in the next few months. Its parent company Flipkart Group... Read more

I Wear Me nurturing organic concept through retail and product expansion

I Wear Me nurturing organic concept through retail and product expansion

“India is still warming up to the idea of organic,” says Hina Palkar, Director, I Wear Me, a premier T-shirt brand that offers 100 per cent organic cotton tees. “Although... Read more

A promising season ahead for Oner with new collections

A promising season ahead for Oner with new collections

As per Rishav Jain, Managing Director of Oner, “T-shirts are the universal choice of women across the world due to their comfort and moderate pricing.” The brands summer collection 2019-20,... Read more

Pepe Jeans’ new collection to make customers cozy and stylish

Pepe Jeans’ new collection to make customers cozy and stylish

The upcoming autumn/winter 2019 collection of Pepe Jeans India focuses on making customers feel cozy. The collection through its cappuccino, forest green, ochre, pops of orange, blue and grey tones... Read more

New innovations to fuel Duke’s market growth

New innovations to fuel Duke’s market growth

Drawing inspiration from European Fashion, Duke Fashions India recently introduced light weight sweaters, quilted interlocks and fancy jacquards. The brand, which emphasises equally on fashion and functionally, targets 30 per... Read more

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