Market Cap Rises from ₹1,600 Crore to Nearly ₹40,000 Crore During His Tenure; Leadership Reshuffle Under MD Abhishek Khaitan
New Delhi | February 13, 2026
Radico Khaitan has announced the resignation of its Chief Operating Officer Amar Sinha, marking the end of a nearly ten-year tenure during which the company underwent a major strategic transformation. The alco-beverage maker informed stock exchanges of the development on Friday.
Sinha described the decision as voluntary. “My exit is purely my decision after having contributed to a spectacular growth trajectory of the organisation for about a decade,” he said. He highlighted that the company’s market capitalisation increased from approximately ₹1,600 crore at the start of his tenure to nearly ₹40,000 crore. He added that he is currently evaluating opportunities within the industry and will announce his next move in due course.
Strategic Shift: From Volume Play to Premiumisation
When Sinha joined Radico Khaitan, India’s spirits industry was largely volume-driven, with distribution scale playing a central role. Over the past decade, the company repositioned itself toward premium and luxury offerings, increasing investments in branding, innovation and marketing.
Premiumisation became a core growth driver rather than a niche segment. A notable launch during this phase was Royal Ranthambore, positioned in the luxury segment and priced above several established Scotch labels in India. The brand has reported strong traction both domestically and in select international markets.
Financial Performance
As of February 12, the company’s market capitalisation stood at ₹37,075 crore. In its latest Q3 results, Radico Khaitan reported:
- Volume: 9.75 million cases
- Net Revenue: ₹1,547 crore
- EBITDA: ₹265 crore
Managing Director Abhishek Khaitan has previously indicated that structural shifts in consumer preferences and growing demand for premium products are supporting overall industry momentum. The company maintains that its leadership structure remains aligned with long-term expansion and disciplined execution.
Leadership Realignment
Following Sinha’s resignation, the company confirmed that its core leadership team under MD Abhishek Khaitan includes:
- Dilip Banthiya, Chief Financial Officer
- Sanjeev Banga, President – International Business
Additionally, two senior executives have been elevated:
- Sudhir Upadhyay as Chief Sales Officer
- Kunal Madan as Chief Marketing Officer
Both executives have been associated with the company for over a decade. No successor to the COO role has been announced.
Career Background
Prior to Radico Khaitan, Amar Sinha held senior leadership roles across several consumer and alco-beverage companies. His experience includes positions at Wave Group, Whyte & Mackay India, Golden Tobacco, Playwin under the Zee Group, and Allied Blenders and Distillers during its earlier phase as BDA.
He began his career in 1983 with Shaw Wallace Distilleries, eventually rising to the role of Managing Director and CEO. Over a career spanning more than three decades, he has also held senior roles at Herbertsons of the UB Group and SmithKline Beecham, building a reputation for driving brand-led growth and organisational transformation.
With Sinha’s departure, Radico Khaitan closes a decade marked by portfolio reshaping, premium brand expansion and sustained financial growth. The company has reiterated its focus on strengthening premium offerings, expanding international presence and maintaining operational discipline in its next phase of growth.