Hindustan Unilever Appoints Niranjan Gupta as New CFO Amid Leadership Transition

Hindustan Unilever Limited (HUL), India’s largest fast-moving consumer goods (FMCG) company, has announced the appointment of Niranjan Gupta as its Chief Financial Officer (CFO)-Designate, effective September 1, 2025.

Gupta, former CEO of Hero MotoCorp, will assume the role of Executive Director, Finance & CFO, and join the HUL Board from November 1, 2025, subject to shareholder approval. He succeeds Ritesh Tiwari, who will transition to a global role as Unilever’s Head of Mergers & Acquisitions (M&A) and Treasury in London, effective November 1, 2025.

Gupta is no stranger to HUL—he spent 20 years with the company earlier in his career, working in everything from finance to supply chain and strategy. After leaving HUL, he joined Vedanta Limited for three years, then moved to Hero MotoCorp in 2017 as CFO before becoming CEO in 2023.

• Hindustan Unilever Names Niranjan Gupta as New CFO, Effective November 2025
• Ex-Hero MotoCorp CEO Niranjan Gupta Returns to HUL as CFO Amid Leadership Transition
• Ritesh Tiwari Moves to Global M&A Role as HUL Welcomes Niranjan Gupta Back

At Hero, he tightened up the company’s finances, set a bold long-term plan, and sealed a major deal with Harley-Davidson. Coming back to HUL feels like returning home, and he’s ready to use his deep experience to help the company grow even more.

Ritesh Tiwari, HUL’s CFO since 2021, has done a stellar job guiding the company through tough times like the COVID-19 pandemic and leading big moves, like splitting off HUL’s ice cream business into Kwality Walls (India) Limited, which is gearing up to go public once regulators approve. “Ritesh moving to a global role shows how strong HUL’s leaders are,” said CEO Priya Nair. “We’re so excited to have Niranjan back—he’s the right person to keep pushing us forward.”

This shake-up comes right after Priya Nair took over as HUL’s CEO from Rohit Jawa, marking an exciting new phase for the company. With ₹60,680 crore in sales for FY25 and profits up 5% from last year, HUL is still a giant in India’s consumer goods world.