MUMBAI: Britannia Industries Limited has announced the resignation of chief executive officer and executive director Rajneet Singh Kohli, who will depart the company on 14 March  2025.

In a regulatory filing, the company stated that Kohli submitted his resignation on 5 March  to "pursue an opportunity outside Britannia." The board of directors accepted and approved his resignation through a circular resolution passed on 6 March.

Kohli, who joined Britannia in September 2022, has led the Rs 17,000 crore (USD 2 billion) FMCG giant through a period of significant transformation, overseeing the company's expansion into new food and beverage categories.

Under his leadership, Britannia's market capitalisation increased 1.5 times, adding approximately INR 50,000 crore in shareholder value. During his tenure, Kohli spearheaded several key initiatives, including a large-scale distribution transformation project and the establishment of a digital & data analytics council to implement AI and automation across the business.

The 130-year-old company, known for its biscuits, bread, cakes, and dairy products, reaches over 200 million Indian households through a complex supply chain network comprising 90 factories, 900 vendors, and 4,000 distributors.

Before joining Britannia, Kohli served more than four years at Jubilant FoodWorks, which operates Domino's Pizza in India. As president and chief Business officer, he oversaw Domino's transformation into a food-tech company with 1,700+ stores across 380 cities. During his time at Domino's, online orders grew from 54 per cent  to over 98 per cent , and the business expanded its store network by more than 700 locations.

Kohli's career also includes nearly 14 years at The Coca-Cola Company, where he rose to senior vice president for north, west, and central India, and head of the premium products division for India. Earlier in his career, he worked at Asian Paints for over five years in various sales and operations roles.

Britannia Industries has not yet announced Kohli's successor.