Kwality Wall’s India Appoints New Directors Post Acquisition
Filing Summary
Kwality Wall’s (India) Limited has announced the appointment of Mr. Abhijit Bhattacharya and Mr. Tahir Toloy Tanridagli as Additional Directors on its Board. Mr. Bhattacharya will also serve as the Chairperson. These appointments follow the acquisition of a controlling 61.90% stake in Kwality Wall’s by The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. The appointments are effective from March 30, 2026. Mr. Bhattacharya and Mr. Tanridagli bring extensive experience in finance and the FMCG industry, respectively, to support the company’s strategic direction.
Kwality Wall’s (India) Limited has announced the appointment of Mr. Abhijit Bhattacharya and Mr. Tahir Toloy Tanridagli to its Board of Directors. Mr. Bhattacharya has been appointed as an Additional (Non-Executive and Non-Independent) Director and Chairperson of the Board. Mr. Tanridagli has been appointed as an Additional (Non-Executive and Non-Independent) Director. These appointments are effective from March 30, 2026. The appointments follow the acquisition of a controlling stake in Kwality Wall’s by The Magnum Ice Cream Company HoldCo 1 Netherlands B.V.
The acquisition resulted in The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. holding a 61.90% stake in Kwality Wall’s. This change in ownership was pursuant to a Share Purchase Agreement signed between Unilever and The Magnum Ice Cream Company in June 2025. The acquisition is part of a strategic move to support Kwality Wall’s as it progresses into its next phase of growth.
Mr. Abhijit Bhattacharya, the newly appointed Chairperson, is the Chief Financial Officer of The Magnum Ice Cream Company N.V. He has nearly four decades of global leadership experience in finance and operations. His previous roles include Chief Financial Officer for Unilever Ice Cream and various senior positions at Koninklijke Philips N.V., where he was involved in strategic transformations and corporate carve-outs. Mr. Tahir Toloy Tanridagli, also joining the Board, has over two decades of experience in the snacking and FMCG industry. He currently serves as President for the METSA markets and is a member of the Global Ice Cream Executive Leadership Team at The Magnum Ice Cream Company.
Kwality Wall’s (India) Limited has been operating as an independent entity following its demerger from Hindustan Unilever Limited. The company is recognized as one of India’s leading ice cream and frozen dessert companies. It offers a portfolio of brands including Kwality Wall’s, Magnum, and Cornetto. The strategic acquisition by The Magnum Ice Cream Company is intended to provide enhanced agility and leverage Kwality Wall’s unique operating model to respond to market dynamics.
The appointments of Mr. Bhattacharya and Mr. Tanridagli are effective from March 30, 2026. These changes are part of the company’s strategic efforts to align with its new ownership structure and to drive future growth. The company aims to benefit from the extensive experience and leadership that both new directors bring to the Board.
Kwality Wall’s (India) Limited is a prominent player in the Indian ice cream and frozen dessert market. The company is committed to quality and innovation, offering a range of popular brands. It continues to set industry benchmarks and aims to adapt swiftly to evolving market conditions.