Mamaearth’s parent company, Honasa Consumer Limited, has announced the resignation of its Chief Business Officer, Zairus Master, who will leave his position on February 28, 2025, due to personal reasons. The Gurugram-based company shared this news in a filing to the stock exchange, stating, “We would like to inform that Mr. Master Zairus, Chief Business Officer designated as Senior Management Personnel (SMP), has tendered his resignation with effect from the closure of business hours on February 28, 2025 due to personal reasons.”
Highlights
Background on Zairus Master
Master joined the startup in August 2021 and has played a pivotal role in several key areas, including:
– Transforming demand into revenue
– Fostering omnichannel growth in the beauty and personal care sector
– Maximising investments across various brands and channels to enhance profitability
Company Restructuring
His departure coincides with a significant restructuring of Honasa’s distribution network. This change involves a transition from super-stockists to direct distributors in key urban areas, with the aim of boosting efficiency and oversight. While this strategy is anticipated to yield long-term advantages, it has also led to temporary disruptions, including adjustments in inventory.
Honasa’s Brand Portfolio
Honasa boasts a diverse range of brands, which includes:
– Derma Co
– Aqualogica
– Bblunt
– Dr Sheth’s
– Staze Beauty
Recent Changes in Leadership
In addition to Master’s resignation, other notable departures have taken place at Honasa in the past year:
– In October of the previous year, Jayant Chauhan, the Chief Product and Technology Officer, exited the company.
– Earlier, in August, Abhishekk Raj Pandey, Senior Vice President – Commercial, left to co-found and become CEO of Zalon, the flagship brand of Z Revolution Tech Pvt Ltd.
On a positive note, the Gurugram-based company elevated Vipul Maheshwari to Senior Vice President of Product and Data Analytics in November last year. Additionally, Dr. Kaustav Guha has been recently appointed as Vice President of Research and Development.
