Praxis Home Retail Limited Appoints Experienced Industry Leader as Additional Independent Director
Praxis Home Retail Limited has announced the appointment of Mr. Mahesh M. as an Additional Independent Director, with a long-term tenure commencing July 03, 2026. The appointment follows the recommendation of the Nomination & Remuneration Committee and is subject to shareholder approval.Mr. Mahesh M. was appointed effective July 03, 2026. He is slated to serve as an Independent Director for a term of five consecutive years, concluding on July 02, 2031.
The appointment brings Mr. Mahesh M.'s extensive experience and strategic expertise into the board, complementing Praxis Home Retail Limited's operations. He has been identified as a senior industry leader possessing approximately 33 years of experience across project-led and product-led businesses. His professional journey includes significant roles in business creation, brand alliances, turnaround assignments, and growth leadership within various sectors.
Mr. Mahesh M. currently serves as the CEO and sector head at Creativity, where he has been instrumental in developing one of India's foremost home and furniture destinations. His past leadership appointments include senior positions with HomeTown, Style Spa Furniture, and BP Ergo/VIP Industries.
The board notes that Mr. Mahesh M. is not related to any existing directors of the company. He holds a Ph.D. in Management (Marketing) from IBS Hyderabad, where his research focused on omnichannel retailing within the furniture category.
Key aspects of Mr. Mahesh M.'s expertise and background include:
| Particular | Detail |
|---|---|
| Experience | Approximately 33 years across project and product-led businesses. |
| Core Expertise | Business strategy, retail transformation, category development, sales and marketing, consumer behaviour, and growth management. |
| Professional Track Record | Building concepts and businesses from the ground up; establishing and strengthening operational systems. |
| Current Leadership Role | CEO and sector head at Creativity, leading a major home and furniture destination in India. |
| Past Roles | Senior leadership roles with HomeTown, Style Spa Furniture, and BP Ergo/VIP Industries. |
PRAXIS Stock Price Movement
As of 3:15 PM, shares of Praxis Home Retail Limited are slipping by 1.96% in live trading, currently trading at ₹8.00 as the equity trades within an intraday range of ₹7.76 to ₹8.37.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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