CaratLane Appoints Jigar Vyas as CFO Amidst Soaring Growth & Expansion

• Tata-owned CaratLane appoints Jigar Vyas as its new Chief Financial Officer to bolster financial leadership during a period of rapid expansion.
• Vyas will oversee CaratLane’s finance function, focusing on financial strategy, capital efficiency, governance, and internal controls to support future growth.
• He brings over 16 years of experience from senior roles at ITC Ltd, Nielsen, and SUGAR Cosmetics, specializing in finance, strategy, and operations.
• CaratLane reported strong Q2 FY26 results: revenue of Rs 1,072 crore (32% YoY growth) and EBIT of Rs 109 crore (78% YoY growth).
• The company expanded its retail footprint by adding 10 new stores, reaching a total of 341 outlets across 149 cities in India.

Why It Matters: CaratLane strengthens financial leadership with Jigar Vyas as CFO, leveraging strong growth and expansion.