Brands
Upgrad appoints Arushee Aggarwal as CEO of enterprise arm
Former Coursera executive to drive workforce transformation across key markets
MUMBAI: Upgrad has appointed Arushee Aggarwal as CEO of Upgrad Enterprise, tasking her with scaling the company’s corporate skilling business across India, the Middle East and other key markets.
In her new role, Aggarwal will lead workforce transformation initiatives for large enterprises, focusing on strategic upskilling and digital learning solutions aimed at building future-ready talent pools.
She joins Upgrad from Coursera, where she served as head of Coursera for Business in India. There, she worked closely with corporate leaders and CXOS to deliver business-linked skilling outcomes and was named global sales leader of the year for topping revenue performance across regions.
Earlier in her career, Aggarwal was a senior manager at Bain & Company, advising clients across technology, digital and consumer sectors, with a focus on strategy, growth and execution.
The appointment underscores upGrad’s push to deepen its presence in enterprise learning as companies accelerate investments in reskilling amid rapid technological change.
Brands
Magnum Ice Cream Netherlands takes control of Kwality Wall’s India from Unilever
61.9 per cent stake transfer reshapes ownership as Unilever exits promoter role
MUMBAI: Kwality Wall’s (India) Limited has entered a new chapter, with The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. acquiring a controlling 61.9 per cent stake from a clutch of Unilever PLC-led entities, marking a significant shift in ownership.
The transaction, completed on March 30, 2026, follows a share purchase agreement signed in June 2025. The incoming promoter picked up over 145 crore equity shares, effectively taking control of the company and being formally classified as its new promoter under regulatory norms.
As part of the deal, the outgoing promoter group, including Unilever Group Limited and its affiliated entities, has fully exited its shareholding in the company. They have now been reclassified from promoter to public shareholders, closing a long-standing association with the ice cream business in India.
The board of Kwality Wall’s (India) Limited took note of the ownership change and approved a series of leadership updates alongside it. Ritesh Tiwari stepped down as director, while Abhijit Bhattacharya was appointed as chairperson and additional non-executive director. Tahir Toloy Tanridagli also joined the board as an additional non-executive director.
The reshuffle signals a broader strategic reset as the Magnum-led entity looks to steer the brand’s next phase of growth in India. The transition has been carried out in line with regulatory requirements, including disclosures tied to the open offer and reclassification norms under market regulations.
With Unilever stepping back and Magnum stepping in, Kwality Wall’s India is effectively getting a fresh scoop of leadership and direction. The coming months will reveal how the new promoter plans to scale the brand in one of the world’s most competitive ice cream markets.
