Eight leadership changes, dated and sourced. Two of India’s largest private banks named their next chief executives on the same Thursday, and one of those appointments emptied a chair at a third company that was filled the following day: HDFC Bank took Anup Bagchi from ICICI Life, and ICICI Life replaced him with an ICICI Bank veteran of more than 26 years. Kotak Mahindra Bank chose an executive who joined it in January. Elsewhere, Britannia moved its finance chief up to deputy managing director, Petronet LNG named a successor more than seven months before the job falls vacant, Myntra’s chief marketing officer left, and the body behind the Indian Readership Survey hired its first chief executive in nearly six years.
28 Sep
Bajaj Capital appointed Samir Dewan group chief executive for wealth at the Sanjiv Bajaj Group, one of its two groups, reporting to Sanjiv Bajaj, joint chairman and managing director. The leaders of La Premier, ANG & Prime, FPCs and VRM, along with solutions, finance, HR and IT, report to him. He joins from IndusInd Bank with more than 30 years in banking and financial services, including private banking, wealth management and affluent banking. Jai Bajaj continues as chief executive and managing director of the Rajiv Bajaj Group. Source: exchange4media, 28 September 2026.
28 Sep
The Media Research Users Council India appointed Kaacon Sethi chief executive, effective 8 October, filling a post that had been vacant for nearly six years. The council is preparing to relaunch the Indian Readership Survey with a revised study design and methodology. Sethi spent more than a decade as chief corporate marketing officer at Dainik Bhaskar Group, and earlier launched Sony MAX as its business head. Chairman Vikram Sakhuja said audience measurement “not only needs credibility, it also needs reimagination.” Source: afaqs!, 28 September 2026.
29 Sep
N. Venkataraman, chief financial officer and a whole-time director of Britannia Industries, which he joined in April 2007, was named deputy managing director from 1 October for the rest of his term, to 29 July 2030. He takes charge of finance, strategy, legal, secretarial and IT, working with chief executive and managing director Rakshit Hargave on what the company calls its transformation agenda. Ramamurthy Jayaraman, vice-president for corporate finance and 15 years at the company, becomes chief financial officer. Venkataraman previously ran finance for the two-wheeler and commercial vehicle businesses at Eicher Motors. Source: company filing and Business Standard, 29 September 2026.
29 Sep
Sunder Balasubramanian is leaving Myntra after nearly four years as chief marketing officer, saying on LinkedIn that this week was his last. He joined in November 2022 from Coupang, where he headed international marketing, and worked on Myntra’s creator programme, Ultimate Glam Clan, which the company said in May had grown from around 100,000 to more than 500,000 active creators a month. His departure follows that of former chief executive Nandita Sinha, now at Swiggy’s Instamart; Sharon Pais succeeded her. He has not disclosed his next move. Source: Campaign India, 29 September 2026.
1 Oct
Anup Bagchi will become managing director and chief executive of HDFC Bank for three years from 27 October, after the Reserve Bank of India approved the appointment on 1 October. The bank had submitted two candidates on 12 September. He succeeds Sashidhar Jagdishan, who completes his tenure on 26 October. Bagchi has been with the ICICI Group since 1992, was an executive director of ICICI Bank from 2017 to 2023 and has run ICICI Prudential Life Insurance since 2023. Source: bank filing and The New Indian Express, 1 October 2026.
1 Oct
Kotak Mahindra Bank said the Reserve Bank of India had approved Anup Kumar Saha as managing director and chief executive for three years from 1 January 2027. He succeeds Ashok Vaswani, whose term ends on 31 December 2026 and who did not seek reappointment. Saha joined Kotak in January 2026, is a whole-time director and has overseen its retail bank, data analytics and marketing since March. Before that he held senior roles at Bajaj Finance, ending as its managing director and chief executive, and spent 14 years at ICICI Bank. Source: The Hindu, 1 October 2026.
2 Oct
ICICI Life Insurance, formerly ICICI Prudential Life Insurance, appointed Sidharatha Mishra managing director and chief executive for five years from 14 October, or from regulatory approval if later, after taking on record the resignation of Anup Bagchi, effective at the close of 13 October. Mishra moves from ICICI Bank, where he heads the digital channels and partnerships, voice channel, customer service, NRI and IFIG groups, and joins the insurer as chief operating officer on 6 October. He has more than 26 years in banking. Source: ICICI Bank and ICICI Life exchange filings, 2 October 2026.
2 Oct
Petronet LNG named Sanjay Kumar, director of marketing at GAIL (India) since mid-June 2023, its next managing director and chief executive, for five years from 13 May 2027, when the extended tenure of the current chief executive, A K Singh, ends. The board cleared the appointment at a 15-minute meeting. Kumar, 59, is a mechanical engineer from IIT Kharagpur with more than 35 years across the natural gas and LNG value chain. Petronet, India’s largest gas importer, runs LNG terminals at Dahej and Kochi. Source: PTI via Moneycontrol, 3 October 2026.
Movements is a factual, dated record of leadership change in Indian business, published weekly. This edition covers the week of 28 September 2026, which closed on 4 October.