Date: 08.06.2026

Management Change Announcement

Stanley Lifestyles Limited announced the elevation of Mr. Venkataramana Gorti (Venkat) from Joint Managing Director to Managing Director of the Company, effective 27 May 2026. This leadership transition was formally intimated to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Leadership Transition

The elevation marks a strategic leadership transition in Stanley Lifestyles' growth journey as the Company continues to strengthen its leadership position in India's premium and luxury home interiors market. The move reinforces the Company's focus on growth, operational excellence, and expansion in the premium and luxury home interiors market.

New Managing Director's Background and Role

Venkataramana Gorti brings more than 3 decades of global leadership experience across Strategy, Customer Experience, Operations, Supply Chain Management, and Business Transformation. He has held senior leadership positions at globally renowned organizations including ABB, Oracle, GE, Flextronics, Wipro Hydraulics, Honeywell, and Homag, where he led large-scale transformation programs and built high-performing global teams.

His educational qualifications include:

  • Mechanical Engineering graduate
  • EGMP alumnus from IIM Bangalore
  • CPSCM certification (Certified Purchasing and Supply Chain Management) from Competitors View
  • Lean & Six Sigma Green Belt certified by GE and Honeywell
  • Certified Independent Director from IICA

Gorti's international experience includes significant assignments across the Middle East, Malaysia, the United States, Brazil, Sweden, Finland, Romania, and other key markets. He has successfully led multicultural teams across China, the USA, Mexico, and Europe.

Operational Contributions and Future Focus

Since joining Stanley Lifestyles, Venkat has played a key role in strengthening operational discipline, improving manufacturing efficiencies, enhancing supply chain resilience, and building scalable systems to support long-term growth.

As Managing Director, Venkat will lead the Company's overall strategy and execution, driving Stanley's vision of becoming India's most admired luxury furniture and home solutions brand. His focus will include:

  • Expanding the Company's retail footprint
  • Strengthening manufacturing excellence
  • Enhancing customer experience
  • Accelerating innovation across the business

Management Commentary

Venkataramana Gorti, Managing Director, stated: "This elevation is both an honour and a responsibility. Stanley has built a remarkable legacy rooted in craftsmanship, design excellence and customer trust. As we look ahead, our focus will be on creating exceptional customer experiences, strengthening our capabilities and building a future-ready organization that supports sustainable growth while remaining true to the values that define the Stanley brand."

Sunil Suresh, Chairman & Founder, commented: "Venkat has played a pivotal role in strengthening Stanley Lifestyles' operational function and driving excellence across our business functions. Since joining Stanley Lifestyles, he has demonstrated exceptional leadership, a keen strategic mind, deep operational expertise and an unwavering commitment to building scalable systems that have supported our growth journey. The Board's decision reflects our confidence in his ability to lead Stanley through an exciting new chapter."

Company Background

Stanley Lifestyles Limited is a leading Indian luxury furniture company offering a broad spectrum of home solutions under brands such as Stanley Level Next, Stanley Boutique, and Sofas & More. The company designs, manufactures, and retails a diverse array of premium and luxury furniture and interior products including sofas, recliners, dining sets, kitchen cabinetry, beds, wardrobes, and accessories.

The company operates a vertically integrated model with end-to-end control over design, production, and retail, with two manufacturing facilities in Bengaluru spanning over 300,000 square feet. These facilities support offerings across ultra-luxury, luxury, and super-premium categories.

Stanley Lifestyles currently operates 71 retail outlets across major Indian cities through both company-owned and franchise formats.