Hot Pursuit     18-Jul-23
Hindware Home gains on appointing Salil Kappoor as CEO
Hindware Home Innovation rose 1.56% to Rs 569.10 after the company's board appointed Salil Kappoor as the chief executive officer (CEO) of the company with effect from 18 July 2023.
Kappoor holds a graduate degree in B.Tech and is an MBA from Faculty of Management Studies (FMS), Delhi. He brings with him over 30 years of rich and diverse experience across industries, especially in the consumer durable space. In his earlier stints, he has served in leadership capacities in organizations such as LG Electronics, Samsung, Voltas, etc. During his latest stint, he was leading the Appliances Division at Orient Electric as the Business Unit Head.

Hindware Home Innovation is engaged in the business of selling and trading of Consumer Appliances and Retail business.

The company's consolidated net profit declined 39% to Rs 22.75 crore despite 12% jumped in net sales to Rs 767.85 crore in Q4 FY23 over Q4 FY22.

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