The Board of Directors at their meeting held on September 16, 2026, which commenced at 3:30 P.M. and concluded at 4:00 P.M., considered and approved the appointment of Mr. Vatsal Jain as Chief Executive Officer (CEO) of the Company.
The reason for this appointment is that the position of Chief Executive Officer has remained vacant since last year, and the Managing Director requires support in overseeing the Company's day-to-day operations. Mr. Vatsal Jain's academic qualifications and prior professional experience in investment banking, financial modeling, and strategic analysis were cited as equipping him with the analytical rigor, strategic perspective, and leadership capability required for the role.
Appointment Details
- Date of Appointment: September 16, 2026
- Term of Appointment: 5 Years
- Name: Mr. Vatsal Jain
- Position: Chief Executive Officer (CEO)
Educational Qualifications
Mr. Vatsal Jain holds a Master of Science in Management (STEM-designated) from Georgetown University's McDonough School of Business and a Bachelor of Business Administration in Finance from NMIMS University, Mumbai. He is a Chartered Financial Analyst (CFA) candidate who has cleared all three levels of the CFA Program.
Professional Experience
He has investment banking experience with Zanskar Advisors Private Limited, spanning deal execution, valuation, and investor engagement across multiple mandates. He also has prior experience with Chandra Prabhu International Limited, having served as Strategy Analyst and Head of Strategy (Agri Division).
Other Disclosure
Mr. Vatsal Jain is the grandson of Mr. Gajraj Jain (Managing Director of the Company) and Mrs. Hemlata Jain (Promoter of the Company), and is the son of Mrs. Sheetal Jain (Promoter of the Company).