Spykar Lifestyle elevates Sanjay Vakharia to CEO

By

Maverick Martins

Published
Sep 5, 2018

Indian denim brand Spykar has elevated its Chief Operating Officer Sanjay Vakharia to the position of Chief Executive Officer (CEO). Vakharia had been serving as the COO of the company since 2014.

Spykar is confident that the brand will grow exponentially in the years to come under Sanjay’s leadership, and aims to double its revenue by 2020.
 
Commenting on Vakharia's promotion, owner of Spykar, Amisha Bagri, said, “Spykar is uniquely placed to take advantage of the growing apparel industry in India. We are passionate about Spykar's story and strongly believe that under Sanjay’s leadership the brand will continue to grow exponentially in the years to come. We are very ambitious and are committed to being a part of Spykar's future success.”

Sharing his plans for the brand, Vakharia said, “For the last 25 years, Spykar has been leading the fashion denim market in India. With a renewed thrust on marketing, coupled with Spykar’s business strengths of a great product, strong teamwork, and the Metdist group’s strategic guidance, we are all set to a create waves in the fashion denim market. Our ambition is to double our revenue in the next couple of years”.
 
Spykar is part of the Metdist Group, which is owned by the Bagri family and was founded in 1992.

It currently has around 220 exclusive outlets in 140 cities, over 700 multi-brand outlets, large format stores and is available on all leading e-commerce platforms.