Shalimar Paints Appoints Kuldip Raina as MD & CEO

11 Apr 2025 CW Team

The Board of Directors of Shalimar Paints Limited has approved the appointment of Kuldip Raina as the company’s Managing Director and Chief Executive Officer (MD & CEO) for a term of three years, effective from April 10, 2025 to April 9, 2028. The appointment is subject to shareholder approval.

Raina, who joined the company in May 2022, currently serves as Director – Sales, Marketing and Strategic Sourcing. His promotion comes following the recommendation of the Nomination and Remuneration Committee and marks a strategic leadership transition aimed at accelerating growth and operational excellence.

With over three decades of leadership experience across the paints, FMCG, consumer products, and organised retail sectors, Raina is known for his ability to drive transformational growth and revitalise brands. His expertise spans strategic business planning, profit centre operations, and high-impact sales and marketing execution.

At Shalimar Paints, Raina has been instrumental in strengthening the brand’s market presence and forging key partnerships. Prior to this, he served as CEO of Nerofix Private Limited, a Kansai Nerolac Group company, where he helped establish the brand as a major player in adhesives and construction chemicals. His earlier stints include senior roles at Kansai Nerolac Paints, Jubilant Industries, Arvind Brands, and ITC Limited.

The company confirmed that Raina is not related to any existing director and is not debarred from holding a director’s position by SEBI or any other authority.

The board meeting in which the decision was made commenced at 6:29 p.m. and concluded at 7:00 p.m. on April 10. The disclosure has also been made available on the company’s website.

(BSE)

Infrastructure Urban

07 Jul 2026

IHC and Adani to Invest US$11.5 bn in Odisha Aluminium Project

Abu Dhabi's International Holding Company (IHC) will invest US$11.5 bn in an integrated aluminium project in the eastern Indian state of Odisha in a joint venture with the Adani Group, a state official said. The official said the announcement represented the country's largest foreign investment in mining and metallurgy. Officials said the venture would span both mining and metallurgical activities across several facilities in the state. The project has been described as integrated, encompassing upstream bauxite extraction and downstream smelting and metallurgy, and is intended to develop a com..

Air India and SIAEC to Explore MRO Joint Venture in India

Air India and SIA Engineering Company (SIAEC) have signed a memorandum of understanding (MoU) to explore the formation of a maintenance, repair and overhaul joint venture in India. The MoU, signed on Friday, will examine collaboration to develop India as a global aviation MRO hub and to serve growing needs across the Indian and regional markets. SIA Engineering Company, part of the Singapore Airlines Group which holds a 25.1 per cent stake in Air India, will bring technical expertise alongside Air India's established airline operations network. The partnership builds on existing cooperation be..

Assam and Centre Review Aviation Projects Push Silchar Airport Approval

Assam and the Centre on Thursday, July two reviewed a series of aviation infrastructure projects aimed at strengthening air connectivity across the state, with the proposed greenfield airport at Silchar emerging as a key priority. The review formed part of broader efforts to position Assam as a major aviation and logistics hub for the north east. Officials outlined timelines and preparatory work that they said would guide the next stages of project approvals. The Chief Minister met the Union Civil Aviation Minister at Rajiv Gandhi Bhavan in New Delhi and described the meeting as very productiv..