VIP Industries appoints new managing director, current MD resigns

VIP Industries Limited's board of directors, in a meeting on September 23, 2025, approved the appointment of Atul Jain as an additional director and managing director. This appointment, effective September 2025, is for a period of five consecutive years and is subject to shareholder approval. Jain, an alumnus of IIT-Delhi and IIM Calcutta, brings extensive experience from the consumer durables and home electricals industry, including a role as senior director at Samsung Electronics global headquarters in South Korea.

In a related development, Neetu Kashiramka has resigned as managing director, effective from the close of today's board meeting. Kashiramka will, however, remain in the employment of the company until October 31, 2025. Her cessation is attributed to the acquisition of the company by Multiples Group.

The board has also authorized Atul Jain, along with other key managerial personnel including Manish Desai (chief financial officer) and Ashitosh Sheth (company secretary & head-legal), to determine the materiality of events and make disclosures to stock exchanges, as per SEBI regulations.