Mumbai, May 6th, 2026: Mafatlal Industries Limited (MIL) today announced that Priyavrata Mafatlal will take over as Chief Executive Officer effective June 1, 2026, while continuing as Managing Director, consolidating executive leadership at a pivotal juncture for the company. The move sharpens strategic alignment and execution as MIL accelerates its growth agenda and expands its presence in value added and global markets.
Mr. Priyavrata Mafatlal, Vice-Chairman of the Arvind Mafatlal Group and a fifth-generation member of the promoter family, assumes this expanded mandate at a defining point in the Company’s journey. In his combined role as Managing Director and Chief Executive Officer, he will drive a more integrated approach to strategy and execution, with a clear focus on scaling value-added businesses, strengthening global market presence, and building a resilient, future-ready enterprise.
Under his leadership, the Company will continue to sharpen its focus on operational excellence, disciplined growth, and portfolio evolution, while actively pursuing opportunities across premium segments and export markets. The leadership consolidation is intended to enable faster decision making, sharper capital allocation, and greater alignment across business verticals.
This transition follows the retirement of Mr. MB Raghunath as Chief Executive Officer attaining the age of sixty years, concluding an exceptional association of over three decades with Mafatlal Industries Limited. His tenure has been instrumental in strengthening the Company’s operational backbone, navigating complex industry cycles, and reinforcing its credibility and standing within the textile sector.
The Company places on record its deepest appreciation for his leadership, integrity, and enduring contribution. Mr. Raghunath will transition to the role of Designated Director – Strategy and Projects, where his experience and strategic insight will continue to support the Company’s long-term priorities.
About Mafatlal Industries Limited:
Mafatlal Industries Limited, the flagship company of the Arvind Mafatlal Group, stands as one of India’s most enduring and trusted names in textiles, with a legacy spanning over 121 years.
As a pioneer in innovation and quality, Mafatlal’s portfolio today covers an extensive range of suiting, shirting, voiles, white fabrics, and specialized uniform textiles catering to schools, corporates, healthcare, manufacturing, and hospitality sectors across India and overseas. Expanding beyond its textile leadership, the company’s Health & Hygiene division manufactures a diversified range of adult and baby care products, feminine hygiene essentials, and medical disposables, strengthening its presence in the consumer and institutional segments.
Building on its legacy of innovation and excellence, Mafatlal has strategically diversified into Digital Infrastructure and Consumer Durables, reflecting its forward-looking approach and commitment to national growth priorities.
With an unwavering focus on quality, reliability, and trust, Mafatlal Industries continues to evolve, blending heritage with modernity to meet India’s dynamic institutional and consumer needs.
For more information, visit: https://www.mafatlals.com/
About Arvind Mafatlal Group:
Arvind Mafatlal Group is a multi-sector Indian business group operating across textiles, chemicals, education, IT services, and health and hygiene. The Group includes Mafatlal Industries, NOCIL Limited, Get Set Learn and Vrata Tech Solutions. Founded in 1905, the Group has operations in India and the Middle East, serving institutional, industrial, and consumer markets. Mafatlal Industries manufactures textile fabrics for uniforms, retail, and institutional use. NOCIL is India’s largest manufacturer of rubber chemicals, supplying to global tyre and rubber goods manufacturers. Get Set Learn is a digital learning platform for students and schools, while Vrata Tech offers IT & infrastructure services. The Group operates through a family-owned structure, and its companies are active across B2B & B2C segments. Through its businesses and the family office, the Group further supports multiple philanthropic & sustainability initiatives.
For more information, visit https://www.arvindmafatlalgroup.com
