The Board of Directors of V-Guard Industries Limited, one of the leading FMEG companies in India, has appointed Mithun K. Chittilappilly as Chairman and Managing Director, effective Monday, September 27th.
Chittilappilly, who held the position of Managing Director since 2012, will take on the additional responsibility of Chairman upon the completion of Radhi Unni's second and final term as Chairman and Independent Director.
Mithun joined V-Guard in 2006 as an Executive Director. When he started working at the company, the turnover was approximately 229 crore rupees. By the 2026 financial year, this figure increased 24 times to reach 5,966 crore rupees. Over the last two decades, he has played a key role in transforming the company from a South Indian electrical brand into a large, diversified consumer giant covering all of India.
Since joining V-Guard in 2006, Chittilappilly has made significant contributions to expanding the company's geographical reach, diversifying its portfolio, and growing production, substantially strengthening the brand in the Indian consumer electronics and electrical goods market.
During his tenure, V-Guard's workforce grew from approximately 575 employees in 2006 to 11,350 employees as of August 2026, reflecting the scale of growth and organizational transformation.
Currently, V-Guard operates 15 manufacturing facilities across seven states in India and boasts a diversified portfolio of over 20 categories, demonstrating the company's evolution from a regional electrical brand to a broader consumer goods manufacturer.
His period of service has also been marked by a comprehensive corporate transformation in areas such as branding, customer service, supply chain, sales and marketing, human resources, and finance. Through these transformation projects, V-Guard has evolved from a people-dependent organization to a process-oriented company, thereby strengthening its systems, capabilities, and workflows.
The company has received numerous national and global recognitions, including workplace practice awards. V-Guard was included in Newsweek and Statista's 'Most Trusted Companies in the World 2025' list and was named 'Best Employer in India 2025' by TIME magazine.
In terms of design, V-Guard has won five Red Dot Global Design Awards, further underscoring its commitment to innovation and design. The company has also maintained Superbrand status in the voltage stabilizer category for five consecutive years, indicating consistent trust and strength in the V-Guard brand. The company continues to maintain a low employee turnover rate, which speaks to high employee engagement and a positive corporate culture.
Commenting on his appointment, Chittilappilly stated: 'It is a great honor and privilege for me to take on the responsibility of Chairman and CEO of V-Guard Industries at such a pivotal moment in the company's history. Over the past two decades, I have been fortunate to witness and contribute with my team to the transformation of V-Guard from a regional brand into a strong, growing pan-Indian organization. As V-Guard approaches its 50th anniversary, I view this milestone as an opportunity to build upon our solid foundation and prepare the organization for the next stage of growth.'
His career path—from Executive Director in 2006 to Managing Director in 2012, and now Chairman and Managing Director in 2026—mirrors V-Guard's own evolution into a diversified, pan-Indian company. He assumed the duties of Chairman and Managing Director on September 27, 2026.
V-Guard Industries Limited is a leading manufacturer of consumer electronics and electrical goods in India, based in Kochi. As a publicly listed company, it recorded a revenue of ₹5,577.82 crore in the 2025 financial year and has a presence across the country with 35 branches and over 100,000 distribution channel partners.
Founded in 1977 by Kochuseppam Chittilappilly to manufacture and sell voltage stabilizers, the company has grown into a significant force in the Indian electrical and electronic goods market. Over the past 48 years, the company has built a strong brand and aggressively diversified, becoming a multi-product company with a portfolio that includes voltage stabilizers, inverters and batteries, electric water heaters, solar water heaters, pumps and motors, domestic distribution boards, wires and cables, fans, modular switches, air coolers, and kitchen appliances.
