India, September 10, 2026: Mangalam Global Enterprise Limited (MGEL) has appointed Mr. Ramesh Kumar Agrawal and Ms. Purvi Jayendra Bhavsar as Additional Directors in the capacity of Non-Executive Independent Directors, for a consecutive period of five years.
As part of its commitment to strengthening corporate governance and supporting its next phase of strategic growth, the appointments bring extensive financial acumen, regulatory expertise, and entrepreneurial leadership to the Board. With their combined experience across banking, financial services, corporate strategy, and entrepreneurship, both directors will contribute to guiding MGEL’s overarching expansion across its integrated agri-value chain and consumer wellness operations.
Mr. Ramesh Kumar Agrawal is a seasoned banking professional with nearly four decades of experience, including an extensive 34-year tenure with the State Bank of India (SBI), where he superannuated as General Manager. He holds a bachelor’s degree in commerce from Calcutta University, is a Certified Associate of the Indian Institute of Bankers (CAIIB) and has completed executive management programs at IIM Bangalore and IIM Calcutta. His vast expertise spans Corporate, SME, Agriculture, and Retail Lending, Risk Management, Audit, Compliance, Digitisation, and Strategic Planning.
Ms. Purvi Jayendra Bhavsar is a first-generation entrepreneur with over 30 years of experience across the Banking, Financial Services and Insurance (BFSI), and Telecom sectors. She is the Co-Founder of Pahal Financial Services Private Limited, a prominent NBFC-MFI. Having held senior leadership roles at Kotak Mahindra, HDFC Bank, ICICI Bank, and Vodafone India, Ms. Bhavsar has been recognized as one of the “Top 10 Women in Finance 2020” and among the “Leading Women in the Telecom Industry”. She has completed prestigious programs including the Stanford Seed India program and the Goldman Sachs 10,000 Women initiative at IIM Bangalore, and actively mentor’s fintech and impact-focused start-ups.
Commenting on his appointment, Mr. Ramesh Kumar Agrawal said: “I am pleased to join the Board of Mangalam Global Enterprise Limited at an important stage in its growth journey. MGEL’s expanding presence across agriculture, agri-processing and consumer wellness presents significant opportunities for sustainable and responsible growth. I look forward to bringing my experience in banking, financial management, risk oversight and corporate governance to support the Company in strengthening its institutional framework and creating long-term value for its stakeholders.”
Commenting on her appointment, Ms. Purvi Jayendra Bhavsar said: “I am delighted to be associated with Mangalam Global Enterprise Limited and contribute to its next phase of growth. The Company’s integrated approach across agriculture and consumer wellness offers an exciting platform for innovation, scale and value creation. I look forward to leveraging my experience across financial services, entrepreneurship and strategic leadership to support MGEL’s growth ambitions while contributing an independent and diverse perspective to the Board.”
With MGEL continuing to deepen its market presence and scale its business footprint, these strategic board appointments reinforce the company’s commitment to robust corporate governance, quality, and long-term expansion. Backed by Group Mangalam’s more than eight-decade legacy, the company remains focused on driving innovation and execution across its core markets.
About Mangalam Global Enterprise Limited (MGEL):
Mangalam Global Enterprise Limited (MGEL) is the flagship company of the 80+ year-old Group Mangalam, with a strong presence in agriculture, agri-processing, and consumer wellness. The company operates an integrated Agri-value chain across sourcing, processing, manufacturing, branding, and distribution of edible oils and agricultural commodities. MGEL has also expanded into the wellness segment through NEAT Everyday, offering clean-label, plant-based, and science-backed products including cold-pressed oils, supplements, gummies, skincare, and other wellness solutions. With a focus on quality, innovation, and sustainability, MGEL continues to build value across its agro and wellness businesses while catering to evolving consumer needs.
