Nestlé India Limited shares declined 3.08% to ₹1,186.20 as of 12:33 pm on Thursday, following the announcement of senior management changes. According to reports from The Hindu BusinessLine, the stock opened at ₹1,210 and touched an intraday low of ₹1,184, approaching its 52-week low of ₹1,159.40 hit in April 2026. Over 11.23 lakh shares have changed hands with a traded value of ₹133.92 crore, while the company's market capitalisation stands at approximately ₹2,28,775 crore.
On Wednesday evening, Nestlé India filed a disclosure with BSE and NSE under Regulation 30 of SEBI's Listing Regulations, notifying three senior management changes effective 1st January 2027. As reported by The Hindu BusinessLine, Mr. Vineet Singh, Business Executive Officer (BEO) – Nutrition and Dairy, will move to a Nestlé affiliate. Mr. Gopichandar Jagatheesan, currently BEO – Chocolates and Confectionery, has been nominated to succeed him as BEO – Nutrition and Dairy. Additionally, Ms. Mansi Khanna, presently Chief Operating Officer of the Dr. Reddy's and Nestlé Health Science joint venture, will take over as BEO – Chocolates and Confectionery, succeeding Jagatheesan. According to latest reports, the leadership changes form part of an internal reorganisation aimed at strengthening leadership across two of Nestlé India's key business segments.
Gopichandar Jagatheesan, who will lead Nutrition and Dairy, joined Nestlé in 2008 and has held roles spanning supply chain, sales, chilled dairy, confectionery and cereals. He holds a bachelor's degree in mechanical engineering from BITS Pilani and a postgraduate diploma in business management from IIM Kozhikode. Mansi Khanna, who will take charge of Chocolates and Confectionery, joined Nestlé in 2017 as Category Marketing Manager – Chocolates and Confectionery before taking charge of its dairy portfolio. In January 2023, she became BEO – Nestlé Health Science and helped establish the joint venture with Dr. Reddy's Laboratories, becoming its COO in August 2024. According to the latest reports, she has been overseeing sales, marketing and commercial excellence for the joint venture, with responsibilities spanning portfolio management, innovation and profit and loss for brands including EveryDay, MILKMAID, NESCAFÉ Ready-to-Drink and MILO. Khanna holds an MBA in marketing from the SP Jain Institute of Management & Research and brings more than 20 years of professional experience across several categories and leadership roles at Nestlé.
The leadership changes reflect Nestlé India's efforts to align its senior management with the requirements of its key business categories, drawing on internal talent with experience across product portfolios, brand building and commercial operations. With Jagatheesan moving to Nutrition and Dairy and Khanna taking charge of Chocolates and Confectionery, the company will have leaders with cross-category experience overseeing two of its major business segments from the beginning of 2027. According to latest reports, Khanna's experience in brand development, category management and commercial leadership is expected to be relevant to her new responsibilities in Chocolates and Confectionery, with her expertise in portfolio management, innovation and profit-and-loss responsibilities spanning multiple brands.
