Shares of VIP Industries surged over 2% in early trade following the appointment of Mr. Atul Jain as the company’s new Managing Director for a five-year term.
The Board of Directors of VIP Industries, in a meeting held on September 23, 2025, approved the appointment of Mr. Jain as an Additional Director (Managing Director), effective immediately. He will serve a term of five consecutive years and is not liable to retire by rotation, subject to shareholder approval.
Simultaneously, Ms. Neetu Kashiramka resigned as Managing Director with effect from the conclusion of the board meeting. She will continue in the company’s employment until October 31, 2025.
Atul Jain is an alumnus of IIT Delhi and IIM Calcutta. With extensive experience in consumer durables and home electronics, he previously served as Senior Director at Samsung Electronics’ Global Headquarters in South Korea. There, he played a pivotal role in transforming Samsung’s retail operations across multiple countries and drove significant growth in both topline and EBITDA.
Jain has also held leadership positions at Aptech Ltd. and has worked in sales and marketing roles at Coca-Cola, Godfrey Phillips India Ltd., and Bharti Airtel. He is not related to any current director of VIP Industries and is not barred from holding a director position by SEBI or any other authority.
