Fabindia has appointed Rajeshwari Srinivasan as CEO

Rajeshwari Srinivasan will assume the job of CEO at Fabindia this month. She will succeed Vinay Singh, who headed the company for seven years and will continue to serve on the board as a non-executive director. Srinivasan has worked for Tata Group companies in the FMCG, retail, luxury, and hotel industries for almost three decades. Due to poor market conditions, Fabindia canceled its proposal for an IPO for Rs 4,000 crore earlier this year. Fabindia’s MD, William Bissell, expressed confidence in Srinivasan’s leadership, who will focus on long-term growth and benefit stakeholders and shareholders.