MUMBAI: Toyam Industries Limited has announced that Sunil Alagh has joined the publicly traded sports events company as an advisor.
Alagh will advise on day-to-day operations for all aspects of the company businesses in general and health and F&B vertical in particular. This will enable and complement Toyam Industries Limited’s expanded focus on ancillary businesses.
Alagh is the founder and chairman of SKA Advisors – a business advisory and consultancy service with an emphasis on marketing and brand management strategies.
Alagh is on the boards of United Breweries Ltd., Gati Ltd., and Indofil Industries Ltd. In addition, he is an advisor to Hannover Re, Germany and a member of the Prasar Bharati Board.
Mohamedali Budhwani, Toyam Industries Limited chairman & managing director, stated, “Mr Alagh is a proven leader and industry veteran who will help us scale up, and play a key role in executing our growth strategy as we continue our evolution to an integrated sports league platform provider.”
“Due to rising awareness about health and fitness and changing lifestyle, India’s nutraceuticals market is likely to cross Rs 40,000 crores ($6 Billion) by 2020 from current level of Rs 18,000 crores ($2.7 billion) growing at compound annual growth rate (CAGR) of about 17 per cent, according to a study on ‘Indian Nutraceuticals, Herbals, and Functional Foods Industry: Emerging on Global Map,’ jointly conducted by ASSOCHAM and RNCOS. Toyam Industries Limited wants to capitalize on the same.” added Budhwani.
