Arvind Fashions appoints Amisha Jain as new MD and CEO after Shailesh Chaturvedi quits citing personal reasons

Shares of Arvind Fashions Ltd. were trading off their day's low around 1.45 pm on Wednesday, October 1, after the company informed the stock exchanges that it had appointed Amisha Jain as the new managing director and CEO of the company.

Jain has over 25 years of experience across technology, consumer and retail sectors. She is an alumna of INSEAD and McKinsey and until recently, was the managing director and SVP of South Asia, Middle East, Africa and Eastern Europe at Levi Strauss & Co, the company said.

On Tuesday, September 30, after market hours, the company said its managing director and CEO Shailesh Chaturvedi tendered his resignation in the day and the same would be with effect from the close of business hours. At the time, the company had not mentioned his replacement.

However, on Wednesday afternoon, Arvind Fashions confirmed Jain's appointment, with effect from August 13, 2025 and said Chaturvedi would work closely with her to ensure a smooth transition.

Chaturvedi, on Tuesday, tendered his resignation from the position of MD, CEO and director of the company as well as a member of the committees of board of directors. In his letter, Chaturvedi stated there are no other material reasons for his resignation letter other than what was stated. He cited personal reasons as the reason behind his exit.

On another note, in July, the company told CNBC-TV18 it is targeting 12-15% revenue growth this year, banking on stronger brand positioning and operational improvements to sustain momentum.

Arvind Fashions posted revenue growth of 16% during the June quarter, which was the highest in three years. This was driven by investments in marketing, product differentiation and retail expansion. The margins were steady around 12%.

"Along with growth in topline, we want to continuously improve our bottom-line percentages, and therefore the cash flow growth that we want over the next five years is the main focus area for the company," Kulin Lalbhai, the vice-chairman and non-executive director of the company, told CNBC-TV18.

Shares of Arvind Fashions are trading 0.8% lower on Wednesday at ₹524 apiece. The stock has gained 36% in the last six months.

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