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Under his leadership, the company has achieved well-rounded performance with top-line growth in excess of 50%
Capital Foods has announced the elevation of Navin Tewari, to the position of Managing Director and Chief Executive Officer with effect from January 1, 2021. He succeeds the founder, Ajay Gupta, who will now be the Executive Chairman. Tewari joined the company in early 2019 as the Chief Executive Officer. Under his leadership, the company has achieved well-rounded performance, with top-line growth in excess of 50 per cent, expansion beyond the western region to a pan-India presence across categories and enhanced production capacity with an increased footprint in Karnataka, Haryana and Himachal Pradesh.
Speaking on this occasion, Gupta said, “Navin personifies our biggest differentiator – experimentation and disruption. The company is an outcome of disruptive thinking and this approach has positioned us as a memorable brand in the ever-evolving food industry.”
Assuming the new responsibilities, Tewari said, “Capital Foods was created on the foundations of innovation, excitement, and a deep understanding of consumer taste preferences. Over the years, we have built a loyal consumer base that loves our range of exciting food products. We have further propelled our unique positioning by investing in the right partnerships and growing our brand presence. With increasing global exposure, aspirational and upwardly mobile lifestyles, and multicultural family set-ups, Indians are progressively becoming keener to explore various cuisines and experiment with their food.”