Bata India taps ex-Nike, Inditex exec Sanjay Rao as MD & CEO; stock jumps 8%
Bata India named Sanjay Rao as new MD & CEO, succeeding Gunjan Shah. Rao takes CEO role in August 2026 with MD tenure running October 2026 to August 2031. He brings 20+ years across Nike, Zara/Inditex and Guess. Stock rallied 8.13% to ₹733.65 on the announcement.
Bata India named Sanjay Rao as new MD & CEO, replacing Gunjan Shah. CEO role starts August 2026, MD tenure October 2026 to August 2031. Rao brings 20+ years across Nike, Zara/Inditex, Guess. Stock rose 8.13% to ₹733.65.