Priyavrata Mafatlal Takes Helm as CEO to Propel Mafatlal Industries

In a significant leadership transition, Priyavrata Mafatlal has been appointed as the new CEO of Mafatlal Industries, while continuing his role as Managing Director, effective June 1, 2026. This move comes as MB Raghunath retires upon reaching the age of 60 after over three decades with the company.

The leadership shift is part of a strategic effort to consolidate executive roles, ensuring sharper strategic alignment and more efficient execution. The company aims to accelerate its growth agenda and broaden its footprint in value-added and global markets.

Priyavrata, a fifth-generation member of the promoter family, will spearhead this integrated approach focusing on scaling value-added businesses, strengthening global presence, and building a resilient, future-ready enterprise. The restructuring aims to enable swift decision-making and optimized capital allocation across various business verticals.

(With inputs from agencies.)