Godrej Industries appoints Ajay Vaghani as Additional Director for 5 years tenure
India Infoline News Service |
23 Jun, 2021 |
Godrej Industries Ltd has informed that the Board of Directors of the Company on 22nd June, 2021 approved the appointment of Ajaykumar Vaghani as an â€œAdditional Director (Non-Executive Independent Director)â€ with effect from 23rd June, 2021 for a term of 5 years.
Ajay Vaghani is the Founder Chairman and Managing Director, of Hamilton Housewares (a private company).
Hamilton was established in 2000 and over the past eighteen years has pioneered products in the Houseware, Kitchenware & Tableware space and MILTON has become a highly recognized brand in India. Over the years â€˜CLAROâ€™, â€˜TREOâ€™ and â€˜SPOTZEROâ€™ have also carved a niche for themselves.
With four manufacturing locations and more than 6,000 products, Hamilton is present across India and over the past few years has seen tremendous growth in all areas.
Ajay is an innovator and enjoys working with technology. He has been instrumental in launching more than 6,000 products over the past eighteen years. Through his leadership, the company has grown at a 20% CAGR over the past 5 years.
Ajay has served in Young President Organization as a Board Member in Mumbai and South East Asia. He also served as an advisor to a USA based private equity firm. Currently, he is a member of the Presidentâ€™s Council in Wesleyan University, U.S.A.
At around 9:30 AM, Godrej Industries was trading at Rs537.55 apiece up by Rs2.8 or 0.52% on Sensex.