Aarti Industries has announced a pivotal leadership transition, appointing Suyog Kalyanji Kotecha as its new Chief Executive Officer (CEO), effective June 17, 2024. This move follows the decision of Rajendra V. Gogri to relinquish his role as CEO, though he will continue to serve as Chairman and Managing Director.

Suyog Kalyanji Kotecha, a distinguished figure in the chemical industry, is set to bring a wealth of experience and expertise to Aarti Industries. Kotecha’s academic credentials include a B. Tech in Chemical Engineering from UDCT, a Master’s in Chemical Engineering from the Netherlands, and an MBA from the Indian School of Business (ISB). His professional journey includes notable leadership roles, most recently leading Strategy and New Business initiatives for the Petrochemicals division at Reliance Industries. Previously, he was a Partner at McKinsey & Company, where he led the Chemicals Practice and advised companies on performance transformation and strategic growth.

The board of directors at Aarti Industries has expressed strong confidence in Suyog Kalyanji Kotecha’s capabilities. Rajendra V. Gogri commented on the appointment, stating that the board believes Suyog’s extensive experience in the speciality chemicals sector, coupled with his focus on customer needs and sustainability, makes him the perfect leader for AIL’s next leap. He comes with a proven track record and a wealth of experience in strategy, innovation, and business transformation. His innate understanding of the chemicals industry, coupled with his extensive experience from the factory floor to the boardroom, make him the ideal leader to take AIL into its next chapter of growth. His global connections in the chemical industry, including AIL’s key customers both in India and globally, will be an additional advantage. The board wishes Suyog all the best in his new role and is committed to ensuring his success.

Aarti Industries, engaged in the manufacturing and dealing of speciality chemicals and pharmaceuticals, faces both opportunities and challenges ahead. The company recently reported a decline in consolidated net profit by 11.4% to Rs 132 crore for Q4 FY24, down from Rs 149 crore in Q4 FY23. However, there was a positive note as revenue from operations increased by 7.07% year-on-year, reaching Rs 1773 crore in Q4 FY24.

The appointment of Suyog Kalyanji Kotecha is seen as a strategic move to steer Aarti Industries through its next phase of growth. His comprehensive understanding of the chemicals industry and proven leadership in strategic initiatives are expected to drive the company’s innovation and expansion. As Kotecha takes the helm, stakeholders are optimistic about the future trajectory of Aarti Industries under his guidance.