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UltraTech Cement Announces Major Board Changes As K.C. Jhanwar Becomes Vice Chairman
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Storyboard•19-10-2026, 14:02
UltraTech Cement Announces Major Board Changes As K.C. Jhanwar Becomes Vice Chairman
- •UltraTech Cement announced that managing director K.C. Jhanwar will transition to non-executive vice chairman starting January 1, 2027.
- •K.K. Maheshwari is stepping down as non-executive vice chairman and non-executive director due to personal commitments and current engagements.
- •K.C. Jhanwar has served as managing director since January 2020 and has been with the Aditya Birla Group since 1981.
- •The company recently completed the migration of India Cements and Kesoram Cement brands into its flagship UltraTech identity.
- •UltraTech's extensive distribution network includes nearly 76 manufacturing facilities and over 150,000 channel partners across India.
Key Questions Answered
Managing director K.C. Jhanwar will become non-executive vice chairman starting January 1, 2027, after K.K. Maheshwari relinquishes the position. Additionally, Jayant Dua will take over as the new managing director for a four-year term ending in December 2030.
UltraTech completed the migration of the India Cements and Kesoram Cement brands into its flagship identity, helping the master brand grow 21.3% year on year. This consolidation supports its retail-led strategy and premium market positioning across India.
UltraTech estimates that roughly two-thirds of its domestic cement sales originate from retail customers. This high concentration makes distribution strength and consumer trust central to its competitive positioning.
