MUMBAI:
Godrej Consumer Products Limited (GCPL) today announced that its Board of Directors has approved the nomination of Sumeet Narang as director, effective April 1, 2019. Sumeet’s appointment will enable GCPL to leverage his significant expertise and perspectives to guide GCPL’s growth strategy.
Commenting on this announcement, Nisaba Godrej, Executive Chairperson, GCPL, said, “We are very pleased that Sumeet has been nominated to join the GCPL Board of Directors. We are strongly invested in accelerating our growth strategy to become the leading home and personal care player in emerging markets. Sumeet’s deep investment expertise and experience in working with entrepreneurial companies to drive transformational growth will be very helpful in guiding our journey.”
Sumeet is the Founder of Samara Capital, an India focused investment firm with strong focus on growth buyouts. Prior to founding Samara Capital in late 2006, Sumeet briefly worked at Goldman Sachs, New York in their Proprietary Investments Group. During 2001-04, he worked with Citigroup India across various functions based out of Delhi and Hyderabad. He also has worked with the Fiat group in Italy and India.
Sumeet earned a Masters in Business Administration from the Harvard Business School, where he graduated as a Baker Scholar and John Loeb fellow. He also earned a Masters in Business from Indian Institute of Management, Lucknow, where he was an Aditya Birla Scholar and a B.E. in Mechanical Engineering from Indian Institute of Technology, Roorkee.
Samara Capital has a strong focus in the consumer space and Sumeet has had the opportunity to evaluate and / or invest in multiple companies in the sector across different segments such as retail (including food and grocery retail), quick service restaurants, branded apparel, personal and beauty care etc. Sumeet sits on the boards of many of these companies and has actively contributed in their growth journeys, some of which have now become market leading companies in their respective segments.
Sumeet Narang expressed his pleasure at being nominated to the GCPL Board, saying, “I am very excited by GCPL’s track record of strong shareholder value creation and their ambition of serving consumers with superior quality products at affordable prices. I am also very inspired by the Godrej Group’s deep commitment to inclusive and sustainable growth. I look forward to supporting the GCPL team to achieve their exciting aspirations.”
