Stocks
Puri Takes Helm at Asian Paints Amid Growing Competition
Asian Paints has announced Leo Puri as its chairman-designate, effective January 23, 2027. The appointment comes at a time when the company is facing increasing competition from new entrants and well-funded conglomerates.
Puri brings extensive experience in the financial sector to the role, having held senior positions at JPMorgan Chase, UTI Asset Management, and Warburg Pincus.
The leadership transition aims to address mounting pressure on growth and margins due to intensified competition from companies like Aditya Birla Group and JSW Group.