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Gini & Jony names Harsh Agarwal as CEO as founder Prakash Lakhani moves to mentor role
MUMBAI: If childhood came stitched in style, Gini & Jony would be its tailor-in-chief. But as the Indian kidswear brand turns 45, it isn’t just sizing up garments—it’s resizing leadership. Suditi Industries Ltd. appointed Harsh Agarwal as the new CEO of Gini & Jony, ending the decades-long tenure of founder & former CEO Prakash Lakhani, who now takes on the role of mentor.
It’s more than a ceremonial baton pass. It’s a calculated pivot toward reinvention in a retail world that won’t sit still. With BSE notification filed and board nod secured, Harsh is taking the reins of a brand that’s dressed generations of Indian children and now wants to clothe an ecosystem.
“Gini & Jony is not just a brand he built — it is his DNA. You cannot separate the two,” Agarwal said. “His legacy will continue to guide us as we build on the foundation he created.”
Agarwal isn’t just stepping into a new role; he’s stepping into a legacy. With a roadmap focused on innovation, expansion, and emotionally resonant branding, his goal is to evolve Gini & Jony from a popular label into the most trusted name in the entire children’s lifestyle segment.
“The needs of India’s children and parents in this space remain largely unmet. There is a significant opportunity to create entirely new experiences. We aim to spearhead this evolution, not just through our products, but through imagination and innovative solutions,” he said.
His plans? Build momentum with agility, bin outdated playbooks, and rethink retail from the ground up. “We are re-evaluating established industry practices, shedding outdated biases, and fostering the development of contemporary retail solutions. The market is rapidly changing, and our goal is to lead that change, not simply react to it.”
Agarwal brings a boots-on-ground management style. No corporate ivory tower here. “During this initial phase, I will be deeply engaged across all aspects of the business – from product development to retail operations, and from technology integration to customer interactions. It’s crucial for me to work alongside the team, establishing rhythm, speed, and alignment. As the business stabilises and our leadership team strengthens, I will gradually shift my focus to broader strategic priorities, including experience design, brand narrative, and long-term innovation.”
He’ll continue to serve in a leadership role at Suditi Industries as it transforms from a manufacturer to a consumer-focused retail powerhouse.
“As we embark on this next chapter, my commitment is clear: we will reimagine childhood through the lens of possibility. With courage, creativity, and care, we will make Gini & Jony the most trusted companion in every child’s story,” Agarwal added.
Lakhani gave his blessing. “Building Gini & Jony over the past four decades has been an incredibly fulfilling journey. I am immensely proud to now pass the leadership to Harsh, who brings both fresh perspectives and a profound respect for the brand’s heritage. I have complete confidence in his ability to lead Gini & Jony into an exciting future characterised by innovation, integrity, and genuine care.”
Suditi Industries CMD Pawan Agarwal weighed in, “At Suditi, we believe that the most successful businesses are built at the intersection of experience and new energy. Harsh embodies this perfect synergy of vision and execution. With the strong foundation we have established and the leadership now in place, I am confident that this marks the beginning of a remarkable new era for Gini & Jony – and for Suditi Industries as a whole.”
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Paramount set to acquire Warner Bros. Discovery in $81 billion deal
Shareholders back merger, combined entity could reshape streaming and studios.
MUMBAI: Lights, camera… consolidation, Hollywood’s latest blockbuster might be happening off-screen. Shareholders of Warner Bros. Discovery have voted in favour of selling the company to Paramount in a deal valued at $81 billion rising to nearly $111 billion including debt setting the stage for one of the biggest shake-ups in modern media. The proposed merger, still subject to regulatory approvals, would bring together a vast portfolio spanning HBO Max, CNN, and franchises such as Harry Potter under the same umbrella as Paramount’s own heavyweights, including Top Gun and CBS.
At the heart of the deal is streaming scale. Executives have indicated plans to combine HBO Max and Paramount+ into a single platform, potentially creating a stronger challenger to giants like Netflix and Amazon’s Prime Video. Current market data suggests HBO Max holds around 12 per cent of US on-demand subscriptions, compared to Paramount+’s 3 per cent, together still trailing Netflix’s 19 per cent and Disney’s combined 27 per cent via Disney+ and Hulu.
Paramount CEO David Ellison has signalled that while platforms may merge, HBO’s creative identity will remain intact, stating the brand should “stay HBO” even within a broader ecosystem.
Beyond streaming, the deal would redraw the map for film production. Combining two of Hollywood’s oldest studios Paramount Pictures and Warner Bros., the new entity aims to scale output to over 30 films annually, while maintaining a 45-day theatrical window. Warner Bros. currently commands around 21 per cent of the US box office, compared to Paramount’s 6 per cent, underscoring the strategic weight of the acquisition.
But scale comes with scrutiny. Critics warn that fewer players could mean reduced consumer choice, rising subscription costs, and potential job cuts as the combined company looks to streamline overlapping operations while managing billions in debt.
The news business, too, faces a reset. CNN would join forces at least structurally with Paramount-owned CBS, raising questions about editorial independence and positioning. The merger has already drawn political attention in the United States, particularly given perceived ties between the Ellison family and Donald Trump, though the company maintains that newsroom autonomy will be preserved.
If approved, the deal would mark another milestone in Hollywood’s consolidation wave shrinking the industry’s traditional “big six” studios to a “big four”, with Paramount joining Disney, Universal, and Sony at the top table.
In an industry built on storytelling, this merger may well become its most consequential plot twist yet.
