After a 13-year stint that transformed Britannia Industries into one of India’s leading food companies, Varun Berry has stepped down as Vice-Chairman, Managing Director and Chief Executive Officer, effective November 10, 2025.
The company’s Board, acting on the recommendation of the Nomination & Remuneration Committee, accepted Berry’s resignation and waived his notice period. It also acknowledged his significant contribution in driving Britannia’s diversification beyond biscuits into adjacencies such as dairy, bakery and snacking.
In the interim, N. Venkataraman, Executive Director and Chief Financial Officer, will take on the additional role of CEO until Rakshit Hargave assumes charge as Managing Director and Chief Executive Officer from December 15, 2025.
Hargave, who previously led Birla Opus, Grasim Industries’ paints venture, brings over two decades of experience across brands like NIVEA, Hindustan Unilever, Jubilant FoodWorks, Nestlé India and Tata Motors.
At its recent meeting, Britannia’s Board also reaffirmed its long-term vision to evolve into a global total foods company, focusing on innovation, regional competitiveness, profit growth and international expansion.
