Kwality Walls India Forms New Board Ahead of HUL Demerger

• KWIL appoints new board as it readies to separate from HUL
• Demerger to take effect on December 1, 2025
• Company aims for faster decision-making and sharper growth strategy

Kwality Walls (India) Limited (KWIL), one of the country’s leading ice cream and frozen dessert makers, has announced its new Board of Directors as it prepares to demerge from Hindustan Unilever Limited (HUL). The separation, scheduled for December 1, 2025, will position KWIL as an independent, listed company with its own strategic direction.

The new seven-member board blends executive leadership, global experience, and independent oversight. Chitranj Goel has been appointed Deputy Managing Director, while Prashant Premrajka will serve as Chief Financial Officer. Ritesh Tiwari, Global Head of M&A, Treasury and Ventures at Unilever PLC, joins as a non-executive director.

Four independent directors Ravi Pisharody, Madhavan Hariharan, JV Raman and Shukla Wassan bring deep expertise across consumer goods, governance, finance and business strategy. The leadership team is expected to play a key role in guiding KWIL through its transition and future growth.

The company, which houses popular brands such as Kwality Walls, Magnum and Cornetto, is set to benefit from a standalone operational structure after the demerger. The independent setup is expected to help KWIL respond faster to market shifts, strengthen decision-making, and execute targeted strategies in India’s fast-growing ice cream category.

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Once the restructuring is completed in December 2025, KWIL is expected to list on major Indian stock exchanges. The formal listing date, however, is yet to be announced.

The formation of the new board marks a major milestone in KWIL’s journey toward becoming a fully independent company with a stronger focus on brand growth, innovation and market leadership in the frozen desserts segment.