Brands
Quest Retail appoints Rahul Shanker as group CEO
MUMBAI: Quest Retail, a key omnichannel player in the beauty, fashion, and lifestyle sectors, has announced the appointment of Rahul Shanker as group CEO. Shanker will oversee the company’s four business verticals and its operations in India, Sri Lanka, and Bangladesh. Quest Retail’s brand portfolio includes notable names such as The Body Shop, Kiehl’s, Anastasia Beverly Hills, Kylie Cosmetics, Avon, and Max Factor.
Shanker brings over two decades of experience in leadership roles across various sectors, having previously served as the CEO of Modicare, where he achieved over fivefold revenue growth. He has a demonstrated track record of turning around struggling businesses and driving profitability through strategic transformation
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An alumnus of Amity University (MBA) and Sri Venkateswara College, Delhi University (BSc. Hons), Shanker has held CEO and MD roles since 2015. His extensive background spans prominent companies such as PepsiCo, Wrigley-Mars, Philips, and Avon, where he was instrumental in launching new products and executing high-impact marketing campaigns.
With experience in both multinational and Indian firms, Shanker is recognised for his ability to set effective cost structures and innovate go-to-market strategies, making him a valuable asset to Quest Retail as it continues to expand its market presence.
Brands
Indel Money appoints Vinod Panicker as CFO to steer growth plans
Veteran finance leader to drive strategy as firm targets 500 branches
MUMBAI: Indel Money has appointed Vinod Panicker as its chief financial officer, effective 29 April 2026, as the non-banking financial company sharpens its focus on expansion and long-term growth.
Panicker, a chartered accountant with over 38 years of experience across sectors, will be responsible for leading the company’s financial strategy, capital management and governance framework.
The appointment comes at a time when Indel Money is accelerating its expansion plans, with a target of reaching 500 branches across 16 states by the end of FY27. The company is looking to strengthen its operational scale while maintaining financial discipline as it grows its footprint.
With a seasoned finance professional at the helm, the firm is aiming to reinforce its financial architecture and support its next phase of growth in an increasingly competitive lending landscape.
The move signals Indel Money’s intent to align leadership capabilities with its expansion ambitions, as it continues to build scale and deepen its presence across India’s financial services sector.
