Devyani International Completes Management Overhaul with Key Director Re-appointment and New Executive Hires
Devyani International Limited announced significant updates to its senior management and internal audit team following its Board of Directors meeting held on May 15, 2026. The board approved the re-appointment of a key director, the appointment of two new senior executives, and the re-appointment of the company's internal auditors for the upcoming fiscal year.The board focused on strengthening leadership across its operations and governance structure.
Key Appointments and Director Updates
The company announced the re-appointment of Mr. Manish Dawar as a Whole-time Director, taking on the role of President and Chief Executive Officer. This re-appointment is for a period of three years, effective from February 17, 2027, and remains subject to shareholder approval at the ensuing Annual General Meeting.Simultaneously, two other senior leadership changes were approved:
- Mr. Gaurav Bhatnagar was appointed as the Executive Vice President (EVP) & Chief Operating Officer (COO) - India, effective May 25, 2026.
- Mr. Pradeep Das changed designation to Chief Growth & International Business Officer, also effective May 25, 2026. Mr. Das will continue in his role as Senior Management Personnel.
The professional profiles of the key personnel involved are detailed below:
| Name | Role/Action | Effective Date | Brief Profile Highlights |
|---|---|---|---|
| Mr. Manish Dawar | Whole-time Director (President & CEO) Re-appointment | February 17, 2027 | Holds B.Com Hons from Panjab University. He is a member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India. Has worked with Hindustan Unilever Limited, Reckitt Benckiser, Vedanta, and Vodafone India. |
| Mr. Gaurav Bhatnagar | EVP & COO - India Appointment | May 25, 2026 | Possesses a PGDM in Marketing & IT from XLRI Jamshedpur. He has over two decades of experience across FMCG and e-commerce. Previous experience includes senior leadership roles at Hindustan Unilever Limited and over four years leading profitable marketplace growth at Amazon India. |
| Mr. Pradeep Das | Designation Change to Chief Growth & International Business Officer | May 25, 2026 | Holds an International Executive Master's in Business from SDA Bocconi, School of Management, Milan, Italy. He brings over two decades of experience in the Hospitality and Retail Industry, having worked with organizations like RPG Group and Future Retail Limited. |
Internal Audit Re-appointment
In addition to management appointments, the board also approved the re-appointment of M/s. VGG & Co., Chartered Accountants, as the company's Internal Auditors for the Financial Year 2026-27. The firm, which holds Firm Registration No. 031985N, is a professional Chartered Accountancy firm with expertise across auditing, taxation, corporate advisory, and accounting. The appointment is effective from May 15, 2026.DEVYANI Stock Price Movement
As of 12:55 PM, shares of Devyani International Limited are slipping by 0.93% in live trading, currently trading at ₹116.93. The stock continues to see significant interest, moving through a volume of 3.17 million shares in the ongoing market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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