Now Reading: Chaitanya Rathi returns to Sula as non-executive director
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Chaitanya Rathi returns to Sula as non-executive director
The Hindu Business Line reports that Sula Vineyards has appointed Chaitanya Rathi as an Additional Non-Executive Non-Independent Director, effective August 6, 2026. Rathi, who spent over a decade at Sula in two…
The Story in Brief
The Hindu Business Line reports that Sula Vineyards has appointed Chaitanya Rathi as an Additional Non-Executive Non-Independent Director, effective August 6, 2026. Rathi, who spent over a decade at Sula in two stints, last served as Chief Operating Officer from 2019 to 2023. He played a key role in the company’s 2022 initial public offering and earlier helped build its wine-tourism business. He is now founder of Searchlight ETA, an entrepreneurship-through-acquisition platform. Sula’s shares closed at Rs 158.80, down 5.22% on Friday.
The Indian Opinion
The return of Chaitanya Rathi to Sula’s board is being painted as a homecoming of a trusted lieutenant. That is fair, given his decade-long tenure and role in the IPO. But the stock’s 5% drop on the day of the announcement reminds us that markets rarely romanticise loyalty. The real test will be whether Rathi’s entrepreneurial experience from Searchlight ETA translates into tangible growth for a company that has seen its share price slip. Can he help Sula move beyond its wine-tourism niche into broader consumer markets? The numbers, not the nostalgia, will tell.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
