Jyothy Laboratories appoints MR Jyothy as managing director

By

Maverick Martins

Published
May 13, 2019

FMCG major Jyothy Laboratories Ltd has appointed MR Jyothy as the new managing director of the company.
 

Jyothy will take charge from April 1, 2020 post the retirement of its founder and outgoing managing director MP Ramachandran who will continue to serve as the Chairman Emeritus of the company.
 
Commenting on her appointment and future plans, Jyothy in a statement said, “I am honoured to be taking charge as the Managing Director of Jyothy Laboratories. My top priorities will be to further strengthen the power brands with enhanced focused on innovation and continuous Research & Development.  In addition, I aim to strengthen the sales & distribution of the company.”

Ramachandran added: “I’m very happy that the next generation is ready to take charge with responsibility and are well qualified, well trained to take the company to the next level of growth. I’m very confident that my daughter MR Jyothy as the Managing Director will deliver results to all the stake holders of the company.”
 
For the financial year 2018-19, Jyothy Labs had reported a net profit of Rs 193 crore ($27.6 million) with revenue of Rs 1,769 crore.
 
MR Jyothy has been associated with the company for the last 14 years as a director and was the chief marketing officer of the organisation.