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INDIA: Radico Khaitan sees COO head to Jagatjit Industries

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Radico Khaitan has lined up a management restructure following the recent departure of its long-serving chief operating office.

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The company, which is India's second-largest spirits producer, said late last week that Raju Vaziraney, who was with Radico for ten years, has moved to rival firm Jagatjit Industries to become an executive director. Radico’s marketing head, Rahul Gagerna, has subsequently been appointed president of sales and marketing.

William & Grant’s former business development manager in India, Ankur Sachdeva, will be looking after Radico’s international division.

"The new structure and the young leadership will help the company to lead the way in profitable growth," Radico MD Abhishek Khaitan, said in a media statement. 

Earlier this month, Radico reported a slight lift in net profit to INR220m (US$4.1m) for its third quarter, the three months to the end of December. Net sales were up by 10.9% year-on-year, totalling INR4.5bn.

In June last year, the firm stepped back from its spirits production joint venture with Diageo in the country.


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