Metro Brands Ltd Announces Appointment of Chief Operating Officer

Mumbai, 1 August 2024 – Metro Brands Ltd, India’s leading footwear retailer, is pleased to announce the appointment of Mohit Dhanjal as Chief Operating Officer (COO), effective on 1^st August 2024. Mr. Dhanjal brings a wealth of retail experience and a proven track record of leading strategic growth in the sector.

In his new role, Mohit Dhanjal will be responsible for driving operational excellence and process improvements to support the company’s growth initiatives. He will have a profound impact on shaping the strategic direction of the company and overseeing day-to-day operations.

"We are thrilled to welcome Mohit Dhanjal to our executive team," said Nissan Joseph, CEO of Metro Brands Ltd. "Mohit's extensive experience in Fashion and Lifestyle Retail, coupled with his visionary approach to cater the new-age customer, makes him a great fit to lead MBL’s operational strategy. We are confident that he will play a key role in accelerating our innovation and enhancing our competitive edge."

Mohit  joins Metro Brands Ltd from Reliance Retail, where he served as Chief Revenue Officer for Tira Beauty & led the group’s foray in to multi-brand beauty retailing in the prestige & luxury space in India. With over 30 years of experience in the retail sector, Mr. Dhanjal has held various leadership positions at Sephora (Arvind Fashions Ltd), Raymond Ltd, and  Hindustan Unilever,  where he demonstrated strong abilities to build and scale high-performing teams and deliver cutting-edge solutions.

"I am excited to join Metro Brands Ltd at such a pivotal time in its growth journey," said Mohit Dhanjal. "I look forward to working with the multi-talented team here to help accelerate Metro’s strategic priorities and deliver exceptional value to our customers."

About Metro Brands Limited (BSE: 543426; NSE: METROBRAND) www.metrobrands.com  Metro Brands is one of the largest Indian footwear specialty retailers and is amongst the aspirational Indian brands in the footwear category. The Company opened its first store under the Metro brand in Mumbai in 1955 and have since evolved into a one-stop shop for all footwear needs, by retailing a wide range of branded products for the entire family including men, women, unisex and kids, and for every occasion including casual and formal events. In addition to men’s, women’s, and kid's footwear, it also has a wide range of handbags, belts, wallets, etc. Metro Brands retails footwear under its own brands of Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certain third-party brands such as Crocs, Fitflop, Fila, Skechers, Clarks, Puma and Adidas which complement its in-house brands. The Metro footwear range is specially curated based on the regional sensitivity to cater to the needs of different regions.

 As of March 31, 2024, the Company operated 836 Stores across 193 cities spread across 31 states and union territories in India.