Onida Electronics Limited is recalibrating its leadership slate, adding a new independent voice to the board and reinforcing its executive leadership as it pursues growth plans. The board approved the appointment of Jayesh Gandhi as an Independent Director for a five-year term, strengthening governance with a veteran CA whose career spans audit, financial advisory and corporate governance across major groups. Alongside this, the board approved a change in designation for Kaval Mirchandani from Managing Director to Whole-Time Director, a move that signals continuity at the executive table while broadening his stewardship across the company’s day-to-day operations. In a parallel governance and strategy push, Onida named Gunjan Srivastava as Chief Executive Officer and as an Additional & Managing Director, effective July 4, 2026, reinforcing the leadership responsible for steering the business through a challenging external environment and into the next phase of execution.
The leadership reshuffle also marks a significant transition in the finance leadership. Shirish Suvagia, who served as Whole-Time Director and Chief Financial Officer, resigned from his roles effective July 3, 2026, with the board recording appreciation for his contributions. In his stead, Manish Desai has been appointed as Chief Financial Officer and Key Managerial Personnel, with additional designation as a Whole-Time Director for a three-year term, subject to shareholder approval. The company also approved an employee stock option grant of 12.5 lakh options under the MIRC Electronics Employee Stock Option Plan 2023, underscoring its focus on aligning management incentives with long-term value creation.
Together, these moves position Onida to leverage strengthened governance, financial leadership and strategic executive oversight as it pushes ahead with product and market initiatives. Gunjan Srivastava’s track record across consumer brands and international markets, Jayesh Gandhi’s deep expertise in audits and governance, and the continuity implied by Kaval Mirchandani’s expanded remit signal a deliberate push to sharpen decision-making and financial discipline while sustaining momentum across Onida’s core electronics portfolio.