MAM
Parag Milk Foods appoints Sumit Jain as president of finance
Mumbai: Parag Milk Foods Ltd, a manufacturer and marketer of dairy-FMCG products, is delighted to announce the appointment of Sumit Jain as president of finance. With an established presence as a key player in the dairy industry, this strategic move underscores Parag Milk Foods’ dedication to nurturing top-tier talent and fostering the next generation of leaders who will guide the company’s future success.
With an extensive background in financial management and a track record of success, Jain brings a wealth of expertise to the organization. A chartered accountant, Jain achieved All India Rank 18 in 2012 and All India Rank 22 in Cost Accountancy in 2013. He was twice recognized as one of India’s top 40 CA’s under the age of 40 by the Institute of Chartered Accountants of India.
Jain’s previous role as head of finance at Reliance Luxury Lifestyles (Reliance Brands) provided invaluable experience in leading financial strategies for over 30 luxury brands, including Armani, Jimmy Choo, Coach, Balenciaga, Michael Kors, and Bottega Veneta. He has also worked with Parle Agro, Britannia, and Bauli India Bakes.
In his new role, Jain will play a key role in driving the company towards new heights of financial success. His strategic vision and proven leadership capabilities will be pivotal in shaping the company’s financial strategies and ensuring sustainable growth.
Commenting on the appointment, Devendra Shah said, “We are pleased to welcome Sumit Jain to our team as President of Finance. His exceptional track record and expertise in financial management will be instrumental in guiding our company towards achieving our strategic goals. We look forward to working together with Jain to accomplish new milestones and drive continued success for Parag Milk Foods.”
Jain expressed his enthusiasm for joining Parag Milk Foods, stating, “I am honoured to be part of the journey with Parag Milk Foods and excited to contribute to its financial success. I look forward to collaborating with the talented team at Parag Milk Foods and leveraging our collective strengths to achieve our objectives.
MAM
Beacon Group appoints Dr Rajesh Patel as Group CEO
36-year healthcare veteran to lead Beacon Diagnostics, Vector Biotek, Biogeny.
MUMBAI: A new chief, a fresh diagnosis and a sharper prescription for growth. Beacon Group has appointed Dr Rajesh Patel as its Group Chief Executive Officer, effective April 1, 2026, signalling a decisive push to scale its presence in the diagnostics and IVD space. Patel steps into the role with 36 years of experience across the healthcare and diagnostics industry, bringing a career shaped by leadership roles spanning sales, marketing, business development and operational strategy. His mandate is both expansive and precise: to steer the group’s overall strategic direction while tightening coordination across its three core entities Beacon Diagnostics, Vector Biotek and Biogeny Diagnostics.
In practical terms, that means driving cross-company synergies, accelerating market expansion and strengthening organisational capability areas increasingly critical as diagnostic players compete for scale in a fragmented yet rapidly evolving healthcare ecosystem. The group is positioning itself to capture unmet demand across chain laboratories, key accounts and standalone labs, segments that remain underserved despite growing diagnostic needs.
The appointment comes at a time when the In Vitro Diagnostics (IVD) sector in India is entering a more competitive and innovation-led phase, with companies focusing not just on product pipelines but also on service delivery, integration and customer-centric models. Beacon’s leadership appears to be betting that Patel’s execution-focused approach can help translate ambition into operational momentum.
Welcoming the appointment, Chairman Dr D K Joshi described Patel’s induction as a strategic move aligned with the group’s long-term vision, emphasising the role of leadership depth in navigating the next phase of growth.
For Beacon Group, the message is clear, in a sector where precision matters, leadership is the new differentiator—and this appointment is intended to set the tone for what comes next.
