Britannia Industries appoints Rakshit Hargave as CEO
This move is part of Britannia‘s strategic efforts to strengthen its executive team and position itself for robust growth in the competitive fast-moving consumer goods (FMCG) sector.
INDIA – Britannia Industries, a major Indian food products company, has appointed Rakshit Hargave as its new Chief Executive Officer (CEO) and Executive Director, effective December 15, 2025.
His appointment is for a five-year term, subject to the approval of the company’s shareholders.
This leadership change follows the resignation of former CEO Rajneet Kohli in March 2025, with Managing Director and Executive Vice-Chairman Varun Berry serving as interim CEO since May 2025.
Rakshit Hargave joins Britannia from Birla Opus, the paints venture of the Aditya Birla Group, where he served as CEO.
He has a strong track record in scaling manufacturing and distribution networks.
His extensive leadership experience spans senior roles at major consumer and retail brands, including Hindustan Unilever, Jubilant FoodWorks (Domino’s Pizza franchisee), and Beiersdorf, where he oversaw operations across Asia and ANZ.
Britannia Industries disclosed the appointment in a stock exchange filing and confirmed that the Board of Directors approved Hargave’s appointment on the condition of member approval.
The company has initiated a Postal Ballot process to finalize the appointment before Hargave officially assumes his role.
This move is part of Britannia’s strategic efforts to strengthen its executive team and position itself for robust growth in the competitive fast-moving consumer goods (FMCG) sector.
The FMCG market in India is currently adapting to tax rate reductions and shifting consumer behaviors, making leadership that can balance growth and profitability critically important.
With Hargave’s appointment, Varun Berry remains as Managing Director and Executive Chairman of Britannia, while the new CEO will report directly to him.
The company expects Hargave’s leadership to drive innovation, operational efficiency, and expansion across Britannia’s diverse food portfolio.
In a regulatory filing, Britannia stated that Hargave will serve as an Additional Whole-Time Director and CEO, designated as Executive Director and CEO, for a term of five years starting December 15, 2025.
This leadership change underscores Britannia’s commitment to enhancing its management strength to navigate the evolving food industry landscape in India and beyond.
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