Ester Industries is reshaping its leadership lineup, signaling a refreshed governance and a sharpened strategic focus. In a board meeting held on March 26, 2026, the company re-designated Arvind Singhania from Managing Director (designated as Chairman & Chief Executive Officer) to Non-Executive Non-Independent Director and Chairman of the Board, a move that the company said would take effect at the close of business on the same day, pending member approval. The change elevates a long-time founder-led figure to a non-executive chair, aligning governance with Ester’s ongoing evolution from a commodity-led player to a technology-driven enterprise.
In parallel, Ester named Vaibhav Jha as Chief Executive Officer, with effect from March 27, 2026. Jha brings more than two decades of cross-functional leadership and a background that spans Infosys Technologies, GEP Worldwide and Reliance Industries Limited, along with an MBA from IIT Bombay and a B.E. from Nagpur University. The appointment underscores a push toward strengthening execution on Ester’s strategic priorities and leveraging Jha’s experience in managing multicultural, multinational partnerships to accelerate the company’s technology-driven growth trajectory. A postal ballot will seek member approval for these governance changes, signaling a continuation of active stakeholder engagement in the company’s leadership path.
To support the transition, Ester also updated its list of Key Managerial Personnel (KMP) authorized to determine materiality and disclose significant events. Alongside Jha, the KMP roster includes Ayush Vardhan Singhania as Whole Time Director, Pradeep Kumar Rustagi as Executive Director-Corporate Affairs, Sourabh Agarwal as Chief Financial Officer, and Poornima Gupta as Company Secretary & Compliance Officer. The new configuration positions Ester to blend strategic oversight with robust operational leadership as it advances its technology-enabled vision and navigates a dynamic market landscape.