MAM
Balkrishna resigns, Ram Bharat takes over Ruchi Soya’s managing director
KOLKATA: Patanjali Ayurveda owned Ruchi Soya Industries is restructuring its management currently. After appointing Sanjeev Asthana as its chief executive officer in July 2020, the company has appointed Ram Bharat as its managing director who also serves as whole-time director of the company.
Bharat will acquire the position of managing director from 19 August 2020, according to a regulatory filing. Acharya Balkrishna has resigned as managing director of the company with effect from 18 August 2020 due to his “pre-occupation”. He has been now designated as non-executive non-independent director. Asthana, the CEO of the company, has been appointed as the Key Managerial Personnel of the Company with effect from 19 August 2020.
Ram Bharat is the low-profile younger brother of Swami Ramdev who has been engaged with day-to-day operations of Patanjali Ayurveda for a long time. “ Ram Bharat, whole-time director of the Company has been designated as managing director of the Company with effect from 19 August 2020 till 17 December 2022, not liable to retire by rotation, other terms, and conditions remaining the same subject to the approval of members of the Company,” the company stated in the filing.
Patanjali Ayurved acquired Rs 4,350 crore to take over debt-ridden Ruchi Soya through an insolvency process last year. The former won the bid after Adani Wilmar withdrew from the race citing significant delays in the resolution process.
Brands
Origen Realty names Preeti Rai as president- sales & strategy
Veteran hire signals push into Gurugram market with growth ambitions
GURUGRAM: Origen Realty has appointed Preeti Rai as president for sales and strategy, as the company gears up to enter the competitive Gurugram property market.
The move brings in a seasoned industry hand with over two decades of experience across residential and commercial real estate. In her new role, she will lead the company’s sales operations and go-to-market strategy, with a focus on building a strong foothold in Gurugram and driving early momentum.
Origen Realty management said the appointment marks a key milestone in its expansion plans. Origen Realty management said the hire will help sharpen execution and strengthen the company’s sales-led growth strategy as it steps into a new market.
Preeti Rai said, “I look forward to being part of Origen Realty at a pivotal stage in its journey and contributing to building a strong presence in the Gurugram market.”
Before joining Origen Realty, she served as senior vice president for sales and marketing at Elan Group. Her career also includes stints at major developers such as DLF Universal Ltd, Today Homes and Infrastructure, Paras Buildtech Pvt Ltd and Ambience Infrastructure Ltd, where she built expertise across channel sales, leasing, and end-to-end deal execution.
Known for her focus on strategy and team leadership, Rai is expected to play a central role in shaping Origen Realty’s market positioning and sales ecosystem in the region.
As Gurugram’s real estate market continues to attract fresh investments and new entrants, Origen Realty’s latest leadership hire signals its intent to compete with a clear, sales-driven playbook.
