Praxis Home Retail Limited has named Shashwat Nigam as a Director and, notably, as Chief Executive Officer (CEO) and Whole-time Director, effective February 3, 2026. The appointment follows board approval and a shareholder postal ballot concluded on March 8, 2026, underscoring a deliberate pivot in the retailer’s growth journey. The company also disclosed the governance changes alongside the appointment of an Independent Director, signaling a broader refresh of its leadership slate.
Nigam is described as a seasoned P&L owner and operator with more than 18 years of experience across consumer businesses, known for turning around performance and wiring operations for sustainable scale. The release notes that he has worked with Praxis over the last seven months as a consultant and member of the management advisory committee, and highlights his prior leadership stints across Entero Healthcare and Hindustan Unilever (among other roles) as a foundation for guiding the company through a pivotal stage.
In a parallel move, Praxis appointed Ravi Venkatraman as an Independent Director for five years starting December 30, 2025. Venkatraman brings four decades of finance leadership, most recently as Executive Director & CFO of Mahindra & Mahindra Financial Services Limited, with a track record in strategy, governance, risk management and regulatory engagement across financial services and fintech.
Together, these leadership moves reflect Praxis’s drive to professionalize governance and accelerate its growth agenda by pairing Nigam’s hands-on operational discipline with Venkatraman’s financial stewardship, as the company positions itself for scale.