Eureka Forbes announced that Marzin R. Shroff will step down as Managing Director and CEO of the company, effective August, 2022 and will move to a new role as Senior Advisor to both Advent International (Advent) and Eureka Forbes Ltd. (Eureka Forbes). Marzin has led Eureka Forbes through a strong transformative phase, helping to grow…
Advent International, a global private equity firm, announced the completion of the merger of its portfolio companies Dixcy Textiles Pvt. Ltd and Gokaldas Intimatewear Pvt. Ltd, the parent company of brand Enamor. The new merged entity will take the name of Modenik Lifestyle Pvt Ltd. and will be headquartered in Bengaluru. “The merger of two well…
Advent International has announced the appointment of Sunil Sethi as the new Executive-Chairman for Dixcy Textiles Private Limited and Gokaldas Intimatewear Pvt. Ltd. In his new appointment, Sethi will chair the board of directors, and be actively involved in leading the long-term business strategy to drive the next phase of growth for Dixcy and Gokaldas’s…