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Vidhi Specialty Reappoints Mihir Bipin Manek as Joint MD, Reinforces Leadership Continuity in Food Ingredients Segment

Updated: July 14, 2025 12:35

Image Source: vidhifoodcolors.com
Vidhi Specialty Food Ingredients Ltd has officially reappointed Mihir Bipin Manek as Joint Managing Director, reaffirming its commitment to stable leadership and strategic continuity. The decision was ratified by the Board following a performance review and aligns with the company’s long-term growth roadmap in the global food colorants and specialty ingredients market.
 
Key Highlights:
  • Mihir Manek has been associated with Vidhi for over 15 years and holds a science degree in Industrial Chemistry from the University of Mumbai.
  • He has played a pivotal role in scaling procurement operations, expanding export markets, and driving production efficiencies.
  • His reappointment signals continued focus on innovation, compliance, and global outreach, especially in regulated markets like the EU and North America.
Leadership and Strategic Context:
  • Mihir also serves as Director at Arjun Food Colorants Manufacturing Pvt Ltd and Vidhi Finechem Pvt Ltd, contributing to group-level synergies.
  • Under his joint leadership with Chairman Bipin Manek, Vidhi has emerged as Asia’s second-largest food color manufacturer.
  • The company is actively investing in R&D, automation, and sustainability initiatives to meet evolving consumer and regulatory demands.
Market Outlook:
  • Vidhi reported robust performance in FY25, with revenue crossing ₹220 crore and EBITDA margins holding above 18 percent.
  • Analysts expect the leadership continuity to support expansion into nutraceuticals and clean-label ingredients.
Sources: Vidhi Specialty Food Ingredients Corporate Filings, MarketScreener, ZaubaCorp, Economic Times, Business Standard (July 2025)

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