Capital Foods announces Navin Tewari as new MD and CEO

Makers of Ching’s Secret and Smith & Jones, Capital Foods, one of India’s fastest-growing food companies, have announced Navin Tewari as Managing Director and Chief Executive Officer with effect from 1st January 2021.

He succeeds the founder, Ajay Gupta, who will now be the Executive Chairman.

Tewari joined the company in early 2019 as the Chief Executive Officer is now elevated to the new role.

Under his leadership, the company has achieved well-rounded performance with - top-line growth in excess of 50%; expansion beyond the western region to a pan-India presence across categories.

It has also enhanced production capacity with increased footprint in Karnataka, Haryana and Himachal Pradesh.

Also Read: ​FMCG firm Capital Foods expect 40 percent growth next year

"Capital Foods has registered impressive performance under Navin's leadership as CEO. His ability to drive growth is not limited to exceptional financial performance, but also extends to organization building in areas of capacity expansion, market strategy, product offerings, and people management,” said Shantanu Rastogi, Managing Director, India and Southeast Asia at General Atlantic.

Adding to the same Ajay Gupta, the Executive Chairman of the company shared, "Navin personifies our biggest differentiator - experimentation and disruption. Since his joining Navin has rapidly built and grown the scale of the company while preserving the culture and strengthening partner relationships. I am certain that going forward Capital Foods will flourish under his leadership and contagious enthusiasm."

Capital Foods is backed by marquee private equity firms, The Invus Group and General Atlantic.

“Capital Foods was created on the foundations of innovation, excitement, and a deep understanding of consumer taste preferences. Over the years, we have built a loyal consumer base that loves our range of exciting food products,” added Tewari.