Dec 22, 2020
Maker of Ching’s Secret and Smith & Jones brands – Capital Foods – has nominated Navin Tewari as its new managing director and chief executive officer, effective from January 1, 2021. He succeeds Ajay Gupta, who will now be non-executive chairman.
Capital Foods is backed by private equity firms Invus Group and General Atlantic. General Atlantic managing director (India & Southeast Asia) Shantanu Rastogi said Capital Foods at an inflection point of growth.
Tewari has been associated with the company since early 2019 in the role of chief executive officer. The elevation comes at a time when the packaged foods sector is seeing heightened interest from investors and surge in sales, fuelled by rapid increase in in-home consumption.
Capital Foods’ product franchise includes frozen foods, ready-to-eat, instant snacks, spices, and condiments. While the Ching’s Secret brand sells soups, noodles, and sauces under its portfolio, Smith & Jones includes pastes and mixes.