boAt Appoints Gaurav Nayyar as CEO for Growth and IPO

boAt is set to enter a new phase of growth with the announcement of Gaurav Nayyar as Chief Executive Officer. This transition occurs as the company prepares for its anticipated public listing. Nayyar, who previously held the position of Chief Operating Officer, takes the helm at a time when boAt has reported a return to profitability and has secured the necessary regulatory approval for its long-awaited IPO.

Experience and Leadership

With over twenty years of strategic and operational expertise, Nayyar has an extensive background that includes eight years as a partner at Bain & Company before joining boAt three years ago. He has collaborated closely with the founding team to enhance the company’s operational execution and overall business performance.

Changes in Leadership Roles

Sameer Mehta, the co-founder who previously served as CEO, will now concentrate on the long-term strategy in his new role as Executive Director. Co-founder Aman Gupta will continue in his capacity as Non-Executive Director.

boAt’s Remarkable Financial Performance

The leadership shift coincides with boAt’s robust performance in FY25, where the company reported a net profit of Rs 60 crore, bouncing back from a loss of Rs 74 crore the previous year. This impressive turnaround can be attributed to effective cost management, strong sales in audio products, and significant growth in international markets, despite a decline in the wearables division.

Revenue Insights

For FY25, boAt’s total revenue reached Rs 3,098 crore, with India contributing a significant portion of this figure. Notably, revenue from international sales surged by 44 percent year on year.

Upcoming IPO Plans

boAt is on track to become the first Indian D2C electronics brand to go public, following approval from SEBI for its IPO. The forthcoming public offer is anticipated to generate Rs 2,000 crore, with a fresh issue of Rs 900 crore. Reports suggest that this positions the company’s valuation close to Rs 13,000 crore.