Navin Tewari elevated as MD & CEO of Money Foods

Tewari succeeds founder Ajay Gupta who will now be the Non-Executive Chairman

Capital Foods has declared the elevation of Navin Tewari, to the place of Handling Director and Main Executive Officer with outcome from 1st January 2021. He succeeds the founder, Ajay Gupta, who will now be the Non-Govt Chairman. Tewari joined the enterprise in early 2019 as the Chief Government Officer. Below his leadership, the business has achieved nicely-rounded efficiency with – major-line advancement in excess of 50% growth past the western area to a pan-India existence across categories and improved production potential with an improved footprint in Karnataka, Haryana and Himachal Pradesh. Funds Foodstuff is backed by marquee personal fairness corporations, The Invus Group and Basic Atlantic.

Shantanu Rastogi, Controlling Director, India and Southeast Asia at Typical Atlantic stated, “Capital Foodstuff has registered spectacular overall performance underneath Navin’s leadership as CEO. His capacity to push expansion is not limited to remarkable financial functionality, but also extends to corporation constructing in regions of potential growth, industry system, solution choices, and folks administration. The company is at an inflection issue of growth and we are very fired up to have Navin lead the organization in his new potential as the MD, to continue on Cash Food’s journey of progress and innovation.”

Francis Cukierman, Managing Director, Non-public Fairness, Asian Rising Markets at The Invus Group reported, “Navin’s knowledge of major multicultural Indian firms presents him an edge to cultivate and preserve a healthier tradition in the corporation. His aim on setting up and strengthening relationships throughout people, distribution partners, merchants, and workers generates a pathway for potential growth. We are certain that Navin will proceed to drive great functionality at Funds Foods’ and make on the foundation that Ajay Gupta has paved, to get Capital Meals to bigger heights.”

Talking on this occasion, Ajay Gupta, the Non-Govt Chairman of the business mentioned, “Navin personifies our largest differentiator – experimentation and disruption. The business is an outcome of disruptive contemplating and this tactic has positioned us as a unforgettable model in the at any time-evolving food stuff sector. Since his joining Navin has swiftly created and developed the scale of the firm even though preserving the culture and strengthening spouse relationships. I am specified that likely forward Cash Food items will flourish beneath his leadership and contagious enthusiasm.”

Assuming the new obligations, Navin Tewari reported, “Capital Meals was designed on the foundations of innovation, enjoyment, and a deep comprehension of customer style preferences. In excess of the several years, we have created a faithful buyer base that loves our assortment of remarkable food stuff solutions. We have even more propelled our special positioning by investing in the ideal partnerships and growing our model existence. With escalating international publicity, aspirational and upwardly mobile life, and multicultural spouse and children established-ups, Indians are progressively getting to be keener to examine different cuisines and experiment with their food stuff. This augurs nicely for Cash Foodstuff as we are dedicated to bringing exhilaration to each individual meal 24Xp7X365. Likely ahead, we are highly optimistic of additional surpassing all marketplace benchmarks and continuing to delight our shoppers, staff, associates, and traders alike.”