Modenik Lifestyle announced that former P&G India MD, LV Vaidyanathan, will become executive chairman in July, succeeding Sunil Sethi, who is retiring. Vaidyanathan brings over 25 years of experience and aims to drive growth and innovation. Sethi, who integrated Dixcy Textiles and Gokaldas Intimatewear, will remain on the board.
Essential wear company Modenik Lifestyle has appointed former P&G India MD, L.V. Vaidyanathan as its executive chairman, it said in a press release on Tuesday. Vaidyanathan will take over from Sunil Sethi who will retire from the company on July 31. Sethi will continue to serve on the Board of Directors for the company.
Modenik Lifestyle Pvt. Ltd has announced its leadership team following the close of the merger. Modenik is the entity formed post the merger of two Advent International portfolio companies in the essential clothing category - Dixcy Textiles Pvt. Ltd (Dixcy Scott brand) and Gokaldas Intimatewear Pvt. Ltd (parent company of brand Enamor).Top L to R:
Modenik Lifestyle is the merged entity of two leading essential wear companies –Gokaldas Intimatewear (Parent Company of Brand enamour) and Dixcy Textiles, and with an inspiring vision to ‘Be the most preferred company for comfortable & fashionable essential clothing’. In an interaction with Businessworld, Sanchayan Paul, CHRO of Modenik Lifestyle, spoke about their revamped office space and Modenik’s sense of shared purpose and culture of collaboration.,