Darshan Mehta, Managing Director of Reliance Brands, is stepping down from his position after nearly 20 years at the helm. Mehta will transition into a mentorship role within the Reliance Group.
Darshan Mehta continues to serve as Non-executive D
According to TOI, Mehta will “mentor next-generation leaders and will also help evaluate and explore untapped business opportunities” in his new role. He will also continue serving as a non-executive director on the board of Reliance Brands.
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Mehta has been instrumental in expanding Reliance’s footprint in the luxury and premium retail sectors since joining in 2007. Under his leadership, the company forged partnerships with global brands like Balenciaga, Jimmy Choo, and Bottega Veneta, bringing them to India. Today, over 90 global brands operate in India through Reliance Brands’ partnerships.
Reliance Brands’ loss widens to INR 288.4 Cr
Notably, Reliance Brands, a subsidiary of Reliance Retail Ventures, is tasked with introducing and building global luxury and premium brands in fashion and lifestyle segments. Despite its strong market presence, the company reported widened losses of INR 288.4 crore in FY24.
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Mehta’s departure marks the end of an era for Reliance Brands. The company will now be overseen by a leadership team comprising senior executives, including Vikas Tandon, Dinesh Taluja, Prateek Mathur, and Sumeet Yadav. A successor for the Managing Director position has not been announced yet.
As Reliance Brands navigates the competitive retail environment, Mehta’s mentorship role will provide valuable guidance. The company continues to build its luxury and premium portfolio amidst India’s growing appetite for premium brands and unique consumer experiences.
