Mumbai: Mafatlal Industries Limited (MIL) has announced that Priyavrata Mafatlal will take over as Chief Executive Officer effective June 1, 2026, while continuing as Managing Director, consolidating executive leadership at a pivotal juncture for the company. The move sharpens strategic alignment and execution as MIL accelerates its growth agenda and expands its presence in value-added and global markets.
Priyavrata Mafatlal, Vice-Chairman of the Arvind Mafatlal Group and a fifth-generation member of the promoter family, assumes this expanded mandate at a defining point in the Company’s journey. In his combined role as Managing Director and Chief Executive Officer, he will drive a more integrated approach to strategy and execution, with a clear focus on scaling value-added businesses, strengthening global market presence, and building a resilient, future-ready enterprise.
Under his leadership, the Company will continue to sharpen its focus on operational excellence, disciplined growth, and portfolio evolution, while actively pursuing opportunities across premium segments and export markets. The leadership consolidation is intended to enable faster decision-making, sharper capital allocation, and greater alignment across business verticals.
This transition follows the retirement of MB Raghunath as Chief Executive Officer attaining the age of sixty years, concluding an exceptional association of over three decades with Mafatlal Industries Limited. His tenure has been instrumental in strengthening the Company’s operational backbone, navigating complex industry cycles, and reinforcing its credibility and standing within the textile sector.
The Company places on record its deepest appreciation for his leadership, integrity, and enduring contribution. Raghunath will transition to the role of Designated Director – Strategy and Projects, where his experience and strategic insight will continue to support the Company’s long-term priorities.
