Brands
Britannia to invest up to Rs 200 crore to be market leader
KOLKATA: Fast moving consumer goods (FMCG) company Britannia Industries is planning a capital expenditure between Rs 150 crore and Rs 200 crore over the next two years, informed its chairman Nusli Wadia at the company’s AGM.
Wadia said the capital expenditure would be made on two counts namely, up-gradation and innovation for creating new capacities.
He also said that the company was willing to have a good market share in the south Asian association of regional cooperation (SAARC) countries. “Earlier we had plans for Bangladesh. But it did not work out for some reason. But we can always revisit our plan for Bangladesh,” he said.
Besides Bangladesh, going forward Sri lanka is also on the radar.
According to Wadia, the company aims to be the number one player in the biscuits segment over the next three years. Currently, Parle occupies the number one spot.
He said this year the company had gained market share by 1.2 per cent and outgrown the market. “In three years, we want to be the market leader,” he added stating that the company’s margins were affected by rising prices of milk, he added.
Brands
Info Edge reshuffles senior roles, Ambrish Singh to 99acres, Bhisham Dhingra to lead Shiksha strategy
Leadership changes at Shiksha and 99acres aim to drive sharper growth focus
MUMBAI: Info Edge (India) Limited has approved an internal reorganisation of its education and real estate verticals, setting the stage for leadership changes aimed at sharpening execution and accelerating growth. The move, cleared by the board on April 14 through a circular resolution, will come into effect from May 1, 2026.
The restructuring impacts the company’s Shiksha and 99acres businesses, two key pillars in its portfolio, and involves role changes for senior management personnel. As part of the reshuffle, Ambrish Kumar Singh, previously executive vice president and head of sales and customer delivery for Shiksha, has been redesignated as executive vice president and head of sales and sales enablement at 99acres. A long-time company leader since 2003, Singh is expected to focus on boosting business performance, strengthening client relationships and building high-performing teams in his new role.
Meanwhile, Bhisham Dhingra, who led sales and customer delivery at 99acres, will now take on an expanded mandate as head of sales, strategy and client delivery for Shiksha. With over two decades of experience across global and Indian organisations, Dhingra will spearhead growth strategy, corporate sales and client engagement for the domestic education vertical.
Both executives will continue as senior management personnel, albeit with revised responsibilities aligned to the company’s broader restructuring goals.
Info Edge said the changes are part of ongoing efforts to leverage leadership expertise across business lines and improve operational effectiveness. The company added that the reshuffle is designed to drive stronger outcomes by aligning talent with evolving business priorities.
As Info Edge continues to fine-tune its structure, the latest leadership moves suggest a clear intent to keep its core platforms nimble, competitive and ready for the next phase of growth.
