Bombay Dyeing is looking for a new sonrise. The present MD of this group, Ninu Khanna has submitted his resignation.
Though company has taken on former Raymond executive S K Gupta as the President – Textile division, media buzz reveals that Ness Wadia, the deputy MD, is likely to sit in MD's chair.
The Rs1,200 crore company's textile business focuses on home furnishings, bed and bath linen, and operates through over 450 franchisees in 300 cities across the country.
Taking a U-turn in its domestic textile business, company is putting new garbs on its brand.
The group has also started negotiations with global majors for possible tie-ups which are yet to conclude.
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