India's Grasim Industries on Friday named Sachin Sahay as the new chief executive of its paints business, Birla Opus.
Sahay's appointment comes more than two months after the textiles and chemicals manufacturer announced former CEO Rakshit Hargave's sudden departure, surprising analysts and stoking worries about the company's future growth path in a sector where competition is intensifying rapidly.
Since its launch in February 2024, Birla Opus has invested heavily in paint factories across India as well as offered hefty discounts, gaining ground mainly at the expense of market leader Asian Paints.
Sahay, who will take charge of India's second-largest paints maker by capacity from February 16, joins from diversified conglomerate ITC, where he last served as executive vice president of sales.
