Setia Legacy Continues: Chaman Lal Setia Reappoints Key Leadership Duo

Chaman Lal Setia Exports Ltd has reaffirmed its leadership continuity by reappointing Rajeev Setia as Joint Managing Director and Vijay Kumar Setia as Chairman and Managing Director. The decision underscores the company’s commitment to stability, strategic growth, and family-led governance in India’s competitive basmati rice export market.

 

Key Highlights:

 

Leadership Continuity: Both executives have been instrumental in steering the company’s global expansion, brand development, and operational resilience.

 

Rajeev Setia: Continues to serve as Joint MD and CFO, overseeing financial strategy, compliance, and international trade operations.

 

Vijay Kumar Setia: Retains his role as Chairman & MD, credited with scaling the Maharani brand and driving innovation in rice processing and packaging.

 

Board Confidence: The reappointments were ratified by the Board following a strong FY25 performance, including ₹1.03 billion in net income and 11% revenue growth.

 

Strategic Focus: The duo will lead initiatives around domestic market expansion, backward integration, and new facility ramp-ups in Mundra and Karnal.

 

Investor Sentiment: The move is expected to reassure stakeholders amid volatile agri-export dynamics and reinforce long-term value creation.

 

With over four decades of industry experience and a proven track record, the Setia leadership team remains central to the company’s vision of delivering premium basmati rice to over 80 countries.

 

Source: MarketsMojo, Screener.in, Chaman Lal Setia Corporate Filings