Aditya Birla Fashion and Retail Ltd has announced the appointment of Nikhil Modha as Chief Financial Officer (Designate), effective April 1, 2026. He is set to assume the role of Chief Financial Officer and key managerial personnel from January 1, 2027, as part of the company’s structured leadership succession plan.
The transition period will span from April 1, 2026, to December 31, 2026, during which current CFO Jagdish Bajaj will continue to lead financial operations. He will work closely with Modha to ensure a seamless transfer of responsibilities before stepping down at the end of December 2026, marking the completion of a planned leadership transition.
Modha currently serves as President – Corporate Finance at Aditya Birla Management Corporation, bringing with him extensive experience in financial strategy and large-scale corporate operations. With over 26 years of experience, including more than a decade within the Aditya Birla Group, he has played a key role in areas such as mergers and acquisitions, capital raising, and complex restructuring projects across sectors including cement, telecom, and renewable energy. His appointment reflects an internal elevation within the group, highlighting the organization’s emphasis on nurturing in-house leadership talent and ensuring continuity in its financial leadership.
The development comes at a crucial phase for ABFRL as it strengthens its presence across multiple segments, including value retail through Pantaloons, ethnic wear brands such as Jaypore and Tasva, premium and luxury brand partnerships, fast fashion and youth-centric categories, innerwear and athleisure, along with digital-first and direct-to-consumer platforms. This diversified portfolio underscores the company’s competitive positioning in India’s fashion retail landscape.
With experience in corporate governance, financial management, and strategic planning, Modha is expected to play a key role in reinforcing the company’s financial framework. His elevation aligns with ABFRL’s broader focus on disciplined growth, structured succession planning, and long-term value creation.
Backed by a clearly defined transition timeline and a diversified business model, ABFRL aims to maintain financial stability while accelerating expansion across segments. The leadership change is in line with the company’s objective of strengthening its market position and driving sustained growth in the evolving retail environment.
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