On 18 June 2020, Bajaj Consumer Care Ltd announced the appointment of Jaideep Nandi as its new Managing Director by elevating him from the post of Chief Executive Officer, effective from 01 July 2020
He succeeds Sumit Malhotra, who will step down as Managing Director with effect from June 30. Malhotra will continue as Director and Advisor to the Board with effect from 01 July 2020.
Jaideep has over three decades of experience in leadership roles and was the CEO in various group companies in Asian Paints in the Middle East, South East Asia, and India operations, before joining Bajaj.
Bajaj Consumer Care chairman, Kushagra Bajaj said, “As part of our succession plan, it is a pleasure to welcome Jaideep as the managing director of Bajaj Consumer Care. As a seasoned leader, Jaideep’s extensive knowledge of sales, marketing, and overall operations are ideally aligned with the plans of the company.
“The company also wishes to place on record the excellent leadership role that Sumit Malhotra has played to build the company to its current position of strength in the past 16 years. I wish him all the success for his future,” he added.
Jaideep is an engineering graduate from Jadavpur University, Kolkata, and holds a post-graduate degree in management from IIM, Bangalore.
Bajaj Consumer Care is part of the Bajaj Group and is one of the leading players in Hair oil category with brands like Bajaj Almond Drops Hair oil, Bajaj Brahmi Amla Hair Oil, Bajaj Amla Hair oil and Bajaj Jasmine Hair oil in India.
Bajaj Group has interests in varied industries including Sugar, Consumer Goods, Power Generation and Infrastructure Development.