Darshan Mehta, former managing director of Reliance Brands Limited (RBL), a subsidiary of Reliance Industries Limited (RIL), passed away Tuesday night. He is 64 years old.
Mehta wasn’t until recently the managing director of Reliance Brands Limited (RBL) and then became a non-executive director of the RBL’s board of directors last November. He is a chartered accountant and before joining Reliance Industries, he was the president of Arvind Brands Ltd, a local clothing retailer.
Reliance Brands Limited was founded in 2007 under the leadership of Mehta. He led RIL’s portfolio of premium lifestyle brands, bringing iconic labels to the Indian market.
RBL’s portfolio includes over 50 brands such as Brooks Brothers, Burberry, Hamleys, Hamleys, Hugo Boss, Hunkemoller, Jimmy Choo, Kate Spade New York, Michael Kors, Steve Madden, Superdry, Superdry, Scotch & Soda, Scotch & Soda, Tiffany & Co. and Tory Burch.
It also invests in the same name brand of Indian men’s clothing designer Raghavendra Rathore, in addition to fashion designers Manish Malhotra, Rahul Mishra, Anamika Khanna, Abraham and Thakore, Abu Jani and Sandeep Khosla and Sandeep Khosla and Ritu Kumar.
Last August, Mint According to the company’s annual report, RBL’s fiscal year 2024 (FY24) was reportedly difficult, with most of its business reporting weak performance.
Despite total revenue increased by 13% ₹RBL losses increased by 55% to ₹2.884 million ₹Fiscal Year 18.516 billion Fiscal Year 23. Sales growth for brands such as RBL controlled Paul & Shark has not translated into profitability for brands such as Diesel Fashion India.
National Reliance Consumer Business
March, Mint According to people familiar with the matter, the report said Reliance Consumer Products Ltd (RCPL) of RIL’s packaging goods division will take three to four years to launch under products such as Campa and Independence to distribute its products nationwide.
The company will also launch more products in the next 12-18 months. Reliance’s consumer goods Venture has acquired various brands and launched several dedicated record labels to compete with ITC and Hindustan Unilever Co., Ltd. (ITC) and Hindustan Unilever Co., Ltd. (ITC) in domestic and international markets.
