New Delhi: Soon after Grasim Industries disclosed that Rakshit Hargave had resigned as CEO of its paints business with effect from the close of business hours on December 5, 2025, a BestMediaInfo report said he is set to join Britannia Industries in a senior leadership role, likely as CEO, reporting to Varun Berry.

Grasim told stock exchanges its board accepted Hargave’s request to “pursue opportunities outside the company,” and said Managing Director Himanshu Kapania will directly oversee the paints business until a successor is named. Hargave’s resignation letter is dated November 1, 2025.

Several executives pointed out the “immediate effect” nature of the move surprising for a high-growth new business. (Grasim did not cite any reason beyond Hargave’s decision to move on; Britannia h

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