Power Shift in RPSG FMCG as Harshad Jain Takes Over

RPSG Group drives a clear power shift in its FMCG business as Harshad Jain takes over as chief executive officer.

This appointment injects cross-sector leadership into the conglomerate’s consumer vertical and signals a deliberate move to professionalize operations.

Jain arrives with more than 35 years of diverse experience that spans consumer goods, telecom, media, aviation and advisory roles.

His unusual career path from PepsiCo India through telecom and media into airport non-aero commercial leadership and board advisory positions now leads him into a pure FMCG CEO role.

The group positions him at RPSG House, where he reports directly to the vice-chairman. This talent injection stands out because RPSG chooses to import proven operators from aviation, media and telecom rather than draw only from traditional FMCG peers.

Jain’s Cross-Sector Journey

Harshad Jain builds his career across multiple industries and brings a rare blend of skills to the RPSG FMCG vertical.

He holds a postgraduate diploma in sales and marketing and has developed deep expertise in profit and loss management, sales and marketing, business transformation, mergers and acquisitions, joint ventures, and digital transformation.

The group highlights his strong track record of building and scaling businesses, driving profitability, leading large teams and delivering sustained growth through strategic investments and innovative business models.

His professional path unfolds in this sequence:

• Starts with PepsiCo India in the consumer space
• Moves to World Space India
• Takes leadership roles at Bharti Airtel Limited in telecommunications
• Serves at HT Media Limited in media and entertainment
• Leads as CEO – Non-Aero at Adani Airport Holdings Limited, focusing on airport commercial operations
• Holds advisory roles on the boards of several companies, supporting strategic growth, transformation and business scaling
• Now steps in as CEO of RPSG’s FMCG business

This trajectory underscores RPSG’s willingness to look beyond conventional FMCG talent pools and bring operators who have managed complex, consumer-facing businesses in aviation, media and telecom.

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Context of RPSG’s Consumer Vertical

RPSG Ventures, the listed group entity, continues to operate across multiple consumer categories. In FY26 the FMCG segment records revenue of Rs 560.62 crore, a marginal rise from Rs 559.27 crore in FY25. The same segment reports a loss before tax and finance costs of Rs 226.66 crore in FY26, narrower than the Rs 266.40 crore loss in the previous year.

At the group level, RPSG Ventures reports consolidated revenue from operations of Rs 11,323.10 crore in FY26 and a consolidated profit after tax of Rs 1.66 crore. For the first quarter of FY27 ended June 30, 2026, the company posts consolidated revenue of Rs 3,576.44 crore and net profit of Rs 253.09 crore.

The FMCG portfolio itself covers:

• Packaged snacks under brands such as Too Yumm and Evita
• Personal care offerings including Naturali and Within Beauty
• Ayurveda and modern pharmaceutical products through Dr. Vaidya’s and 360

What the Appointment Signals

Jain’s arrival marks a deliberate power shift that prioritizes operational professionalism in a relatively young consumer vertical. He will base himself at RPSG House and report to the group’s vice-chairman.

The organizational circular welcomes him onboard and expresses confidence in his ability to succeed in the new role. By choosing a leader who has navigated profit-and-loss accountability across telecom, media and airport commercial businesses, RPSG injects fresh external perspective into its FMCG operations.

The move differentiates the group from peers that typically recycle talent within the FMCG circle and instead bets on cross-sector capability to drive the next phase of growth and efficiency.