MAM
Capital Foods elevates Navin Tewari as MD & CEO
NEW DELHI: Capital Foods, the parent company of Ching's Secret and Smith & Jones brands, has named Navin Tewari as its new MD and CEO.
Tewari succeeds Ajay Gupta, who will now be non-executive chairman of the company.
The changes are effective 1 January, 2021.
Tewari has been associated with the company for over two years. He entered the organisation in 2019 in the role of chief executive officer. Prior to joining Capital Food, Tewari was executive president at Ultratech Cement for over five years. He has also served as ICICI Prudential AMC and Birla Sun Life Asset Management in key roles.
The Covid2019 has impacted the packaged food industry as the in-house consumption has increased.
Ching’s Secret from the house of Capital Foods has grown massively. The brand advertises regularly across mass media and has been able to catch the pulse of the audiences on the back of its strong marketing and distribution.
The product portfolio of Capital Foods includes cooking pastes, masala, ketchups, instant snacks, packaged Chinese foods, soups, noodles, and others.
When people talk about growing money, they often jump straight to investments and overlook something closer to home, i.e., the savings account. While it might appear simple, the savings account interest rate plays a quiet but essential role in how your money grows over time.
It rewards you just for keeping your money parked safely. Many ignore it because the growth feels slow, but consistency changes the story. Understanding how this interest functions can help you make prudent everyday money decisions.
1. Interest turns idle money into working money
Money sitting in a savings account does not stay still; it earns interest. The savings account interest rate determines how much your balance grows without any extra effort from you.
Even though the returns may seem modest, this growth happens automatically.
Over time, especially with a steady balance, interest ensures your money is at least doing something instead of waiting quietly.
2. Higher interest rates reward disciplined saving
A better savings account interest rate encourages you to keep more money in your account. When you know your balance is earning consistently, you are less tempted to withdraw unnecessarily.
This creates a positive cycle: more savings lead to more interest, and more interest motivates better saving habits. Discipline, not size, becomes the actual growth driver here.
3. Compounding quietly boosts long-term value
Interest is not always paid just on your original deposit, it often compounds. That means you earn interest on the interest already credited to your savings account.
Over months and years, this compounding effect adds up. While it may not feel dramatic in the short term, it steadily increases your total balance without any extra contribution from you.
4. Interest helps protect money against inflation
While a savings account is not meant to beat inflation aggressively, the savings account interest rate helps lower the impact of rising prices.
Without interest, your money loses value over time. With it, at least a part of that loss is offset. This makes a savings account a safer place for short-term goals and your emergency funds.
5. Interest supports financial flexibility
Interest earned in your savings account adds to your available funds without locking your money away. Unlike investments, you do not have to wait or fret about timing.
This flexibility means your money grows while staying accessible, ideal for planned expenses, emergencies, or opportunities that need quick access to cash.
Ending note
Growing money does not always need bold moves; sometimes it needs smart placement. The savings account interest rate may work quietly, but its impact is steady and reliable. When you respect its role and use your savings account intentionally, you create a strong financial base, one where your money grows patiently, safely, and always within reach.
Over time, this steady growth builds confidence, supports better financial decisions, and prepares you for future investments without pressure or unnecessary risk, making every day saving feel purposeful and rewarding.
