Kripalu's appointment points to Swiggy's grocery ambitions. Kripalu has worked with companies like Unilever, Cadbury PLC, and Marico.
Prior to joining Essel Propack Limited, Anand Kripalu spent seven years as the MD and CEO of Diageo India, India’s leading beverage alcohol company with a $6.4 billion market cap, where he led the transformation of the company.
The company's revenues from operations jumped 7.65 per cent to Rs 8,410.3 crore in the latest December quarter. In the year-ago period, the same stood at Rs 7,812.3 crore
Nagarajan has led operations in Ghana, Cameroon, Ethiopia, the Indian Ocean, Angola and several other countries since joining Diageo in the summer of 2018.
USL, which has a plant at Hathidah, said that in the 2015-16 fiscal, Bihar contributed about Rs 100 crore or 1 percent to the company's total revenue.
The company had posted a net profit of Rs 11.61 crore for the corresponding period of the previous fiscal, United Spirits said in a filing to the BSE.
The company, which had got shareholders' approval in September 2014 for remuneration of the two top executives, said in a regulatory filing it has approached the government to reconsider the decision and approve its proposal.
"Following Dr Mallya's resignation, the board of directors of the company is pleased to announce that Mahendra Kumar Sharma, Independent Director and Chairman of the Audit Committee, has been appointed the chairman of the board with effect from February 25, 2016," USL said in a BSE filing.
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The company had reported a net profit of Rs 74.73 crore for the October-December period of the previous fiscal.
Anand Kripalu, chief executive of the unit of Britain's Diageo Plc, said the maker of Johnnie Walker whisky expects growth in top-end spirits to outpace the mass market over the next few years, as a growing class of wealthy young professionals demands better quality.
The company has received a notice from the Ministry of Corporate Affairs for an inspection... of the books of accounts and other books of the company, USL said in a filing to BSE.
"Anand Kripalu will be appointed CEO-Designate of USL with effect from October 1, 2013. Anand will officially become Managing Director and CEO on May 1, 2014, succeeding Ashok Capoor, currently President and Managing Director of USL,"United Spirits said in a statement.
Reeling under tremendous debt-burden, Mallya, through United Breweries and other group companies, agreed in November to sell stake in United Spirits, India's largest distiller, to Diageo.
Cadbury India is in a regulatory mess after some of its officials tried to bribe their way through important approvals.
Leading confectionery Cadbury has forayed into the biscuits market with Oreo, one of the biggest global brands.