New Delhi | November 05, 2025
Birla Opus Chief Executive Officer Rakshit Hargave has resigned from his position, the company announced through a regulatory filing on Wednesday. His resignation was accepted by the Nomination and Remuneration Committee and the Board of Directors on November 1.
Hargave will officially part ways with the company at the close of business on December 5, 2025. In his resignation letter, he stated that he intends to “pursue career opportunities outside the company.”
Leadership Transition Underway
The company has confirmed that the appointment of the next CEO will be announced in due course. Until then, Managing Director Himanshu Kapania will directly oversee the paints business to ensure smooth operations during the transition phase.
Key Contributions
Hargave joined Birla Opus in November 2021 and played a pivotal role in establishing the company’s decorative paints business during its early years. Under his leadership, Birla Opus successfully set up six integrated manufacturing facilities and built a strong nationwide distribution network.
The Board acknowledged his achievements, stating:
“The Board appreciated his contribution from the ‘Project to Launch’ phase of Birla Opus and wished him the best for his future endeavours.”
Parent Company Performance — Grasim Industries Q2 Results
Birla Opus’s parent company, Grasim Industries, reported strong quarterly performance. For the quarter ending September 30, 2025, the company posted:
Consolidated revenue: ₹39,900 crore (up 17% YoY)
Net profit: ₹553 crore (up 76% YoY)
Growth was driven by robust performance in the building materials and chemicals segments.
At the time of the announcement, Grasim’s stock was trading at ₹2,790.30, up 0.25% for the day.