Priyavrata Mafatlal to lead Mafatlal Industries as CEO and MD
MB Raghunath retires as CEO upon reaching 60, after over three decades of service, and transitions to the role of Designated Director – Strategy and Projects
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Published: May 6, 2026 12:50 PM | 1 min read
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Mafatlal Industries Limited (MIL) has announced that Priyavrata Mafatlal will take over as Chief Executive Officer (CEO) from June 1, 2026, while continuing as Managing Director (MD).
In his combined role as CEO and MD, Priyavrata Mafatlal, Vice-Chairman of the Arvind Mafatlal Group, will focus on aligning strategy and execution, scaling value-added businesses, strengthening global presence and building a future-ready organisation.
This transition follows the retirement of MB Raghunath as CEO upon reaching the age of 60, concluding an association of over three decades with Mafatlal Industries Limited.
Raghunath will transition to the role of Designated Director – Strategy and Projects, where he will continue to support the company’s long-term priorities.
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