Aditya Birla Fashion & Retail says Shital Mehta has stepped down as CEO, Pantaloons division

By

Maverick Martins

Published
Sep 4, 2017

Aditya Birla Fashion and Retail Limited (ABFRL) said its lifestyle apparel retail division Pantaloons' Chief Executive Officer Shital Mehta has resigned from the company.

"Shital Mehta has resigned from the post of Chief Executive Officer, Pantaloons division of the company. Consequently, he will also cease to be one of the key managerial personnel of the company," Aditya Birla Fashion and Retail Ltd (ABFRL) said in a statement.
 
ABFRL is India's No 1. Fashion Lifestyle entity with a combined revenue of INR 6,633 crore for FY'17, growing at a rate of 10 percent and EBITDA of Rs 476 crore for FY'17 that has grown at 18 percent over the last year.

ABFRL altogether hosts India's largest fashion network with over 7000 points of sale across over 375 cities and towns, which include more than 2,000 exclusive ABFRL brand outlets.

Maverick Martins, with reporting from Reuters