Kwality Wall sets up new board ahead of HUL demerger

INDIA – Kwality Wall’s (India) has constituted a new seven-member board of directors as it prepares to separate from Hindustan Unilever Ltd (HUL) and operate as an independent listed company.​

The board brings together senior leaders with experience in consumer goods, finance, governance, regulatory affairs, risk management, and strategic mergers and acquisitions, positioning the business for its next phase of growth as a standalone entity.​

These appointments are aimed at providing oversight and direction as Kwality Wall’s (India) transitions from being a division within HUL to a separate firm with its own listing. 

The structure is expected to support sharper strategic focus, faster decision-making, and accountability tailored to the ice cream category.​

The company has named Chitrank Goel as Deputy Managing Director and Executive Director on the board. In this role, he will help steer the business strategy, operations, and execution as the company scales under an independent governance framework.​

Ritesh Tiwari will join as a non-executive director, bringing board-level oversight and financial expertise, while maintaining separation from day-to-day management. 

Prashant Premrajka has been appointed Chief Financial Officer and Executive Director, combining financial stewardship with board responsibilities.​

Independent directors include Ravi Pisharody and Madhavan Hariharan, along with two other members, who will provide external perspectives on risk, compliance, and long-term value creation.

Their presence is expected to strengthen board independence and align the company with listed-entity governance norms.​

Kwality Wall’s (India) is scheduled to be demerged from HUL on December 1, 2025, following the completion of regulatory and corporate approvals. 

Post demerger, the company will emerge as a separate firm, with its own management and board, focused on building the ice cream and frozen desserts portfolio across general trade, modern retail and out-of-home channels.​

The move signals a more focused approach to the ice cream category, with dedicated leadership to drive innovation, distribution and partnerships.

As an independent listed company, Kwality Wall’s (India) is expected to sharpen its strategy in areas such as cold chain expansion, seasonal demand planning, and portfolio development across price points.​

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