Praxis Home Retail Limited has appointed Mr. Shashwat Nigam as a Director of the Company with effect from February 3, 2026. Mr. Shashwat Nigam is a seasoned P&L owner and operator with over 18 years of experience, combining entrepreneurial agility with large-enterprise rigour. He has a strong track record of organising businesses, restoring performance, and wiring operations for sustainable scale, making him well suited to lead the Company at this pivotal stage.
Across his career, Mr. Nigam has built and scaled consumer-centric businesses, driven profitability improvement, strengthened vendor and ecosystem partnerships, and institutionalised execution discipline across complex operating environments. Mr. Shashwat Nigam has worked with the management team of the Company over the last 7 months as a consultant and part of management advisory committee. Mr. Nigam has initiated key turnaround actions, including organisation restructuring, KPI-driven execution, cash-flow prioritisation, technology stabilisation, category availability improvement, and active engagement with business stakeholders.
Prior to Praxis Home Retail Limited, Mr. Nigam led the INR 30 billion national retail business at Entero Healthcare, where he integrated multiple acquisitions into a unified, performance-managed organisation and supported the company?s IPO journey. He has been instrumental in building zero-to-one ventures?InDepot (backed by Livspace) and Open Secret, an omnichannel consumer marketplace. Earlier, Mr. Nigam spent 14 years with Hindustan Unilever Limited, where he held leadership roles across modern trade, supply chain, procurement, and digital transformation, contributing to large-scale capability building and operational excellence.
Mr. Nigam has done a post-graduate program in Management from Indian School of Business (ISB), Hyderabad and holds B.Tech degree in Mechanical Engineering from IIT BHU, Varanasi. Praxis Home Retail Limited has also appointed Mr. Ravi Venkatraman as an Independent Director of the Company for a period of five years commencing from December 30, 2025. Mr. Ravi Venkatraman, a Chartered Accountant (ACA), Cost Accountant (ICWA), and Commerce graduate, is a seasoned finance professional with over four decades of extensive experience in the BFSI sector.
He retired in July 2020 as Executive Director & Chief Financial Officer of Mahindra & Mahindra Financial Services Limited, where he played a pivotal role in corporate strategy, capital raising, governance, risk management, regulatory engagement, and technology transformation. He was part of the core team involved in setting up and growing several Mahindra Group financial services entities, including Mahindra Rural Housing Finance, Mahindra Insurance Brokers, Mahindra Manulife Mutual Fund, and Mahindra Finance USA. A respected board professional, he has served on the boards of multiple listed and unlisted companies across financial services, insurance, asset management, fintech, and banking sectors and continues to hold independent directorships and advisory roles.
He has received numerous national and international recognitions for excellence in finance, leadership, and corporate governance. Mr. Ravi Venkatraman is not related to any of the Directors of the Company. Mr. Ravi Venkatraman holds directorships in Arisinfra Solutions Limited, SBFC Finance Limited, SML Mahindra Limited (formerly SML Isuzu Limited), Kotak Mahindra Prime Limited, and Avanse Financial Services Limited.
