Mumbai, Maharashtra, India, August 2026 — VIP Industries Limited has appointed Narayan Saraf as Chief Financial Officer (CFO), strengthening its senior leadership team as the company advances its long-term growth and business transformation agenda.
In his new role, Narayan Saraf will lead the company’s overall financial strategy, with responsibilities spanning corporate finance, financial planning, governance, compliance, capital allocation, and financial performance. His appointment brings seasoned finance leadership to VIP Industries as the company continues to strengthen its operations, portfolio, and growth strategy across domestic and international markets.
Narayan brings extensive leadership experience across strategic finance, corporate governance, financial planning, business transformation, mergers and acquisitions, investor relations, and value creation. Over the course of his career, he has worked across organizations including JB Pharma, Hygienic Research Institute (HRIPL), Thermo Fisher Scientific, PharmEasy, and Cipla, building broad experience across pharmaceuticals, healthcare, life sciences, and consumer-oriented businesses.
Across these assignments, Narayan has contributed to financial and business transformation initiatives involving growth strategy, corporate finance, M&A, governance, investor engagement, operational excellence, and financial planning. His experience working alongside business leadership teams and managing complex financial priorities has equipped him with a strong combination of strategic and execution-focused finance capabilities.
As CFO of VIP Industries, Narayan will play an important role in supporting the company’s strategic priorities through disciplined financial management and capital allocation while strengthening governance and enabling sustainable value creation. His appointment comes as VIP Industries continues to build on its established leadership in the luggage and travel categories while evolving its portfolio to meet changing consumer preferences.
About VIP Industries Limited
VIP Industries Limited has operated in the luggage and travel categories for more than 50 years, building a portfolio that includes VIP, Carlton, Skybags, Aristocrat, Alfa, and Caprese. The company has evolved from a travel gear business into a broader travel-focused consumer company, supported by continuous product innovation, quality, and contemporary design.
VIP Industries operates manufacturing facilities in India and Bangladesh and has an extensive distribution footprint encompassing approximately 11,000 points of sale across exclusive stores, multi-brand outlets, large-format retail, defence canteens, and e-commerce. The company also exports its products to more than 60 countries, extending its presence across international markets.
Read Also : How HR Leaders Are Redefining Talent Development for the Future of Work
Selective Increments, Strategic Hiring: How AI Skills Are Reshaping India Inc’s Appraisal Cycle
From Org Charts to Skill Graphs: The Reinvention of Enterprise Design
Rethinking Talent in the Age of AI: Why Workforce Agility Starts with the 4Bs
The HR Leader’s Real AI Problem Is Not Adoption. It Is Architecture.
