MAM
Baby & Mom Retail appoints Sucharita Reddy as CFO to scale growth with sharp financial stewardship
MUMBAI: As Baby & Mom Retail Pvt. Ltd. preps for a growth spurt across the Indian consumer landscape, it’s calling in seasoned financial muscle to keep things in check. The company has roped in Sucharita Reddy as its new chief financial officer (CFO) to lead its finance engine through a phase of ambitious expansion, operational rigour and digital transformation.
Reddy, who brings over 15 years of experience across startups and large enterprises, has held leadership roles at Myntra Jabong, Amazon and EV startup Blusmart. Her deep expertise in finance, business operations and scalability will now power Baby & Mom Retail’s journey across baby care, skincare, pet care and home products.
“I am excited to join Baby & Mom Retail at a time of rapid growth. My mission is to create a resilient and agile finance ecosystem that not only strengthens our foundations but also acts as a strategic enabler for business growth. Finance should go beyond compliance and control; it must empower decision-making, fuel innovation, and support sustainable scaling”, expressed Reddy.
In her role, Reddy will steer the company’s financial planning, performance tracking and data-led decision-making. She will also focus on building a future-ready finance function that enables smarter inventory management, sharper customer acquisition, and scalable infrastructure—especially relevant as Baby & Mom Retail builds out its omnichannel and direct-to-consumer footprint.
“Sucharita’s appointment aligns with Baby & Mom Retail’s vision of strengthening operational excellence while scaling smartly across omnichannel and D2C markets. Her experience at companies like Myntra Jabong, Amazon and BluSmart equips her with a nuanced understanding of inventory management, customer acquisition economics, and platform scalability, all crucial for a fast-growing consumer brand ecosystem like Baby & Mom Retail”, said Baby & Mom Retail founder & CEO Shish Kharesiya.
Her leadership will also drive a finance culture built on ownership and accountability, where financial decisions fuel innovation as much as they guard the bottom line.
This leadership move comes at a pivotal moment. Baby & Mom Retail has been expanding its brand portfolio with new launches like Corvell, a healthcare equipment label, and continuing growth across flagship offerings including Oyobaby, Newish, Amorite for pets, Redcop, Mattress Protector, and Gadda Co.
The numbers may stay in spreadsheets, but the impact is set to show on balance sheets—and beyond.
Brands
Maharashtra panel orders Lodha to refund Rs 5 crore to homebuyers
Consumer court flags unfair practices in long-running property dispute case
MUMBAI: In a sharp rebuke to one of India’s biggest real estate players, the Maharashtra State Consumer Disputes Redressal Commission has directed Macrotech Developers to refund nearly Rs 5 crore to a senior citizen couple, Uttam and Anindita Chatterjee. The ruling, delivered on March 13, 2026, calls out the developer for “deficiency in service” and “unfair trade practices”, bringing closure to a dispute that has stretched over a decade.
The case traces back to 2015, when the couple booked a 3-BHK flat at World Towers in Lower Parel for Rs 12.22 crore, with possession promised within a year. What followed was a series of changes that complicated matters. After deciding to exit the project, they were persuaded to shift to a 4-BHK in another development priced at Rs 8 crore, with delivery scheduled for 2018. However, within months, the price was allegedly increased to Rs 10 crore. After demonetisation reshaped the market, similar flats were reportedly being offered at lower prices, but the couple were not given the benefit.
Despite paying over Rs 2.83 crore, the couple neither received possession nor clarity. Instead, in 2018, the developer unilaterally cancelled the booking, retained part of the amount as earnest money, and argued that the buyers were investors rather than consumers. The commission rejected this claim, observing that casual references to “investment” do not take away consumer rights when the purchase intent is residential.
The bench also held that the developer could not penalise buyers for payment delays while failing to meet its own delivery commitments. It noted the lack of formal documentation for revised terms and termed the prolonged retention of funds without delivering a home as exploitative.
As part of its order, the commission directed the developer to refund Rs 2.83 crore paid by the couple, along with interest at 10 per cent per annum, amounting to around Rs 2.12 crore. In addition, Rs 1 lakh has been awarded for mental agony and Rs 50,000 towards litigation costs, taking the total payout to over Rs 5 crore. The developer has been asked to comply within two months.
For now, the ruling serves as a reminder that in real estate, shifting terms and delayed promises can carry a significant cost.
